Current Affairs in Real Estate

REAL ESTATE - Los Angeles Times

10/16/2017 10:25:00 AM

The developer of a $300 million hotel complex planned for the same bayfront site as a proposed convention center expansion has filed suit against the city of San Diego, claiming that it is interfering with its contractual right to move forward with its project.

The lawsuit, which also names the...

10/14/2017 12:35:00 AM

Los Angeles County saw four home sales around the $20-million mark during September, including deals involving a commercial real estate mogul, a Netflix executive and a boxing champion. Here’s a look at the high-water sales.

$25.5 million — Beverly Hills

Floyd Mayweather Jr. wasted little time...

10/12/2017 8:45:00 AM

Home prices in California will continue to increase next year, but at a slower pace, said a forecast released Thursday by the California Association of Realtors.

The median price of a home is expected to rise 4.2 percent in 2018 to $561,000, less than the expected 7.2 percent increase this year.

...

10/10/2017 10:00:00 PM

Southern California apartment rents are expected to get even pricier over the next two years, as demand increases along with job growth, a report released Wednesday said.

In Los Angeles County, average rents in 2018 are forecast to hit $2,304, up 3% from the previous year. In 2019, rents are expected...

10/10/2017 10:00:00 PM

Southern California apartment rents are expected to get even pricier over the next two years, as demand increases along with job growth, a report released Wednesday said.

In Los Angeles County, average rents in 2018 are forecast to hit $2,304, up 3% from the previous year. In 2019, rents are expected...

10/6/2017 2:15:00 AM

Here’s a look at how far $1 million goes in the Newbury Park, Simi Valley and Ventura housing markets.

NEWBURY PARK: This remodeled two-story house in an equestrian area is prime for outdoor entertaining, with expansive decking and a swimming pool.

Address: 571 Citation Way, Newbury Park, 91320

...

10/5/2017 12:10:00 PM

The commercial building boom in downtown Los Angeles in recent years mostly has been north of the 10 Freeway.

But to the south, “for too long, the area has been overlooked” by developers, L.A. City Councilman Curren Price, whose district includes that section of South-Central Los Angeles, remarked...

10/5/2017 9:10:00 AM

Average rent in San Diego County hit a record high of $1,875 last month, continuing more than six years of rising rents in a tight housing market.

Rent has increased 7.59 percent in a year, said MarketPointe Realty Advisors, which has tracked the San Diego market since 1988. While that is down...

10/4/2017 2:40:00 AM

Wells Fargo & Co. said Wednesday that it will refund a swath of fees it assessed to mortgage borrowers whose delays in completing their loan applications were primarily the bank’s fault.

As it looks to win back trust after a scandal over its sales practices, the San Francisco bank said it will...

9/29/2017 5:05:00 PM

Autumn may not be the busiest time of the year for home sales, but there’s still plenty of transaction action among the rich and famous. This week’s collection brings you entertainment show hosts, pro athletes and a drummer whose very association with a place makes it a red-hot spot.

Once you’re...

9/29/2017 1:00:00 AM

In the San Fernando Valley, there are plans to level a nearly vacant mall and replace it with some 1,400 homes, boutique retail shops and a concert venue.

In Orange County, an aging mall will give way to a mixed-use development with more than 900 homes. And in the South Bay, hundreds of homes are...

9/28/2017 11:00:00 PM

Los Angeles homeowners who sold last year after holding on to their homes for a long period of time saw sizable returns on their investments.

The typical Los Angeles home seller made $200,000 on the sale of a home in 2016 after owning it for a median period of nine years and eight months, according...

9/28/2017 12:00:00 AM

When Juana Monroy moved into Hollenbeck Terrace in the Boyle Heights neighborhood of Los Angeles in 2015, she learned that the white, towering senior apartment building was once a busy hospital that had appeared in dozens of movies and television shows.

Then she heard the rumors that the old Linda...

9/27/2017 11:30:00 PM

Like most communities in the San Fernando Valley, Pacoima’s roots are in agriculture.

At the end of the mission era, when Mexico took control of what had been Spanish land holdings, the land on which Pacoima would be founded became part of the accurately, if not quite melodiously, named Rancho...

9/27/2017 11:00:00 PM

In August, the median sales price for single-family homes in L.A. County climbed to $605,000, a 9% increase year over year. Here’s a look at what about that amount buys in the Highland Park, Van Nuys and Vermont Square housing markets.

HIGHLAND PARK: This California bungalow, dating to the early...

9/26/2017 8:00:00 PM

Secret A-list elevators, parking optimized for luxury cars, hotel-caliber furniture and restrooms.

Sounds like Los Angeles’ latest hot spot, and it just might be — after a $1-billion makeover of the Westfield Century City mall.

The extravagant two-year upgrade, which will be officially unveiled...

9/26/2017 8:00:00 AM

The Federal Bureau of Investigation is reportedly inquiring about the operations of San Diego-based Renovate America, which is the largest lender of PACE loans, a type of financing that funds energy-efficient home improvements.

The company and other PACE lenders have come under increased scrutiny...

9/26/2017 7:00:00 AM

Home prices kept climbing in California’s major urban areas in July, said a key real estate index released Tuesday.

Prices in Los Angeles and Orange counties were up 6.1% compared with a year earlier, according to the S&P CoreLogic Case-Shiller Indices. That’s a steeper increase than nationwide...

9/26/2017 4:20:00 AM

California home prices outpaced the nation in July even as sales slowed, said a key real estate index released Tuesday.

San Diego County home prices rose the most in California at 7.1 percent in a year, said the S&P Case-Shiller Indices, which are adjusted for seasonal swings.

Nationwide home prices...

9/25/2017 3:05:00 AM

Home prices in San Diego County hit new price peaks in the first half of 2017, surpassing numbers seen during the housing boom.

The median home price reached $545,000 in June, the highest in the region’s history, and marked the culmination of increases in the first six months of the year.

Most...

9/24/2017 11:00:00 PM

Imagine shopping in the future:

Stores are showrooms and your purchases are delivered to your home. Malls are places where you work out and then eat, go to your office and live around the corner. An autonomous car takes you to and from other shopping centers and parking lots are repurposed for...

9/22/2017 11:00:00 PM

Question: I’ve been the treasurer of our 30-unit self-managed condominium association for more than 20 years and until recently the handling of buyer and refinance escrows and other paperwork for property transactions was a breeze.

This year, though, mortgage lenders started asking for a fidelity...

9/22/2017 11:00:00 PM

Cindy Crawford has gone shopping on the Westside.

The supermodel and her husband, businessman Rande Gerber, have bought a Beverly Hills home from OneRepublic frontman Ryan Tedder and his wife, Genevieve, for $11.625 million.

Tedder and his wife worked with Alvarez Morris Architectural Studio to...

9/22/2017 10:30:00 PM

To attract young renters to his projects, architect-developer Mike Burnett believes in designing around parties.

“Always design for the party — this is very important in a site plan,” Burnett, 40, told San Diego apartment owners and managers last week. “How are you going to get drunk?”

He was being...

9/21/2017 7:05:00 AM

The hits just keep on comin’. Comedian and talk radio host Tim Conway Jr. listed his Burbank home for $839,000 and in less than a week had multiple offers in hand.

Last year the KFI radio personality sold another home in Tarzana for over the asking price in just under a month.

The house he’s currently...