Current Affairs in Real Estate

REAL ESTATE - Los Angeles Times

1/18/2019 4:10:00 AM

Two years ago, Mike Saavedra moved to Southern California, equipped with a new high-paying healthcare job and a plan. The former Arizona resident would rent by the beach while becoming familiar with neighborhoods where he may want to purchase a house.

But a few months after starting his search,...

1/17/2019 9:30:00 PM

It was a year of new price heights for Los Angeles’ red-hot luxury housing market. But for all the $100-million spec homes and billion-dollar mountaintops debuted last year, off-market deals registered the biggest surprises.

Coastal communities such as Malibu and Pacific Palisades saw price records,...

1/17/2019 9:00:00 PM

La Mirada got its start when Andrew McNally, the map and atlas magnate who made his fortune producing globes and guides for 19th century America, left Chicago and in 1888 bought 2,300 acres of Southern California ranchland.

He devoted 700 of those acres to his own pastoral haven. And though he...

1/16/2019 10:00:00 PM

If you are looking to buy a new single-family home this year, San Diego County might be a tough place to do it.

Early estimates for the number of single-family homes coming out for sale this year are around 800, fewer than roughly 940 last year and 1,500 in 2017 and 2016. It reflects a trend of...

1/15/2019 7:00:00 PM

US Bank Tower in downtown Los Angeles, the tallest skyscraper in the West for decades, is on the block as its Singaporean owners test the limits of the city’s burgeoning real estate investment market.

Standing 72 stories on Bunker Hill, the building holds a prominent position in business and in...

1/11/2019 10:00:00 PM

On a scenic mountainside in Utah, the 14,100-square-foot vacation home of movie magnate Jeffrey Katzenberg has sold for $11.6 million.

The longtime Disney executive, who co-founded DreamWorks SKG in 1994, first listed the property seven years ago for $20.5 million, records show.

Set on 1.57 acres...

1/11/2019 4:05:00 PM

Traditional real estate thinking is that the housing market holiday stall lasts until the Super Bowl. But there’s still turnover in the meantime. This week’s offerings include places with ties to the music world, film history and the sports scene.

Our Home of the Week in Alhambra struts its English...

1/10/2019 6:20:00 AM

The sands of Carbon Beach are among the most exclusive in California. Listings don’t pop up often, but when they do, they often fetch a fortune.

Over the last few years, home sales in the enclave have flirted with and broken the $100-million mark. The latest to hit the market, a contemporary compound...

1/9/2019 10:00:00 PM

Apple Inc. isn’t the only California company with a China problem.

From Barbie dolls to bottles of Merlot, the slowdown in China’s massive economy and the U.S.-China trade dispute are impeding sales growth for some other California companies doing business in China, serving Chinese tourists or...

1/4/2019 5:00:00 AM

For the third consecutive year, California was legions ahead of the rest of the country in terms of priciest ZIP codes for home sales in 2018. California ZIP codes held 82 of the 117 most expensive spots, or roughly 70% of the list.

The data, compiled by real estate database PropertyShark, analyzed...

1/3/2019 9:30:00 PM

Mark Cuban, the billionaire, television personality and owner of the Dallas Mavericks basketball franchise, has a new vacation spot to spend his off seasons. He’s paid $19 million for a home in Laguna Beach.

The contemporary-style home is found within Montage, a resort community that overlooks...

1/3/2019 6:05:00 AM

Manhattan home prices fell in the fourth quarter, with the median slipping to less than $1 million for the first time in three years. Ample inventory continued to allow buyers to demand sweeter deals.

Condo and co-op prices declined to $999,000 in the three months through December, a drop of 5.8%...

1/3/2019 1:10:00 AM

It appears Cher found someone in the housing market — to borrow from the title of her 1987 hit song.

The singer and actress has sold a home in the Beverly Hills Post Office area for a little over $2.07 million, records show.

Built in 1957, the country English-style house sits on more than half...

12/31/2018 9:00:00 PM

Michaela Christian lost a long battle with Wells Fargo in 2013 to save her Las Vegas home, a defeat she says changed the course of her life. When the bank refused to modify her mortgage, Christian moved in with a friend and scrambled to rebuild her life.

Five years later, Wells Fargo admits it...

12/31/2018 8:35:00 AM

Beauty is in the eye of the beholder for some of the cheapest homes to sell in 2018.

In a year when San Diego County’s median home price hit its highest point in history — $583,000 in August — a few buyers were able to nab properties that were far less expensive but not without some disadvantages,...

12/31/2018 8:35:00 AM

The beach communities of La Jolla and Del Mar were home to the biggest residential sales in 2018, with the most affluent buyers largely leaving Rancho Santa Fe for the coast.

Prices paid for the most expensive homes this year far exceeded last year’s totals. In 2017, the biggest sale for a house...

12/30/2018 9:00:00 PM

Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section.

I'm energy reporter Sammy Roth, filling in for a vacationing David Lazarus. Here's a rundown of upcoming stories this week and the highlights of last week.

Stock markets have continued to ping-pong, falling dramatically...

12/29/2018 10:00:00 PM

In 2017, nearly everything investors touched made money.

Major stock indexes were up about 20% or more. Bonds turned in another solid year of gains. And the housing market was sizzling, with median home prices in Southern California up 8.2% from a year earlier to top the bubble-era high reached...

12/29/2018 10:00:00 PM

Key companies, business issues and trends to watch in San Diego County in 2019.

1. Mission Valley stadium site

In January, San Diego State University will begin negotiations with the mayor’s office to buy 132 acres of land in Mission Valley with plans to build a new stadium, river park and western...

12/28/2018 9:00:00 PM

Andre Berto, a two-time welterweight boxing world champion, is ready to go a few rounds in the Beverly Hills housing market. He’s put his modern home in the area on the market for $8.995 million.

Built in 2016, the boxy two-story features 12-foot-high ceilings, wide-plank floors and an expansive...

12/27/2018 8:40:00 AM

Southern California home sales fell sharply in November, deepening a retreat from a sustained housing boom that placed home ownership out of reach for many.

The 12% drop in November sales from a year earlier was the fourth consecutive monthly decline for the six-county region. However, housing...

12/27/2018 6:15:00 AM

San Diego County home prices were up 1.1 percent in November after two months of declines, real estate tracker CoreLogic reported Thursday.

The median price was $565,000 — still down $18,000 from the all-time peak reached in August — showing the market was somewhat weathering increasing mortgage...

12/26/2018 4:15:00 AM

Home price gains in San Diego continued to slow in October compared to most of the nation, said the S&P CoreLogic Case-Shiller Indices released Wednesday.

Of the 20 regions covered in the index, San Diego metropolitan area’s increase, up 3.8 percent in a year, was the fourth smallest gain for the...

12/24/2018 11:05:00 PM

WeWork Cos. is increasingly stepping on landlords’ and real estate brokers’ turf — and the industry is starting to push back.

The office-sharing giant, valued at as much as $42 billion, is getting a greater portion of its business from the large companies that property owners usually court. It’s...

12/21/2018 10:00:00 PM

A rare, coastal development featuring high-end housing, upscale retail and premier office in Solana Beach’s Cedros Avenue Design District is speeding toward completion in 2019.

The 26,200 square-foot project, known as 330 Cedros, is a type of micro city with a little bit of everything for North...