NEWS

L.A. Times - Real Estate News

6/18/2019 12:45:00 PM

Google is pledging to invest $1 billion to develop housing in and around Silicon Valley, where the success of the search giant and its competitors has contributed to soaring home prices.

Over the next decade, the company plans to lease to developers $750 million worth of land it owns in the San...

6/14/2019 11:00:00 PM

Supermodel, television host and celebrity home-flipper Tyra Banks has bought a Pacific Palisades home for a little over $3 million.

The 1949 traditional house, which has been owned by the same family for 70 years, is in the Bluffs area and in need of a makeover.

Banks, who in recent years has bought...

6/8/2019 8:00:00 PM

Dear Liz: I am trying to purchase my first home. I have a 20% down payment for the price range that I am looking for. The issue I am running into is that I have relatively new credit and my credit score is not great at all. I had to go to the emergency room two years back with no insurance and...

6/7/2019 11:00:00 PM

No two celebrities have been as prolific in the real estate market in recent years as Adam Levine and Ellen DeGeneres. So, it’s fitting that the two have come together on a deal of their own.

Levine and wife Behati Prinsloo have sold their estate in Beverly Hills to DeGeneres and her wife, actress...

6/6/2019 8:15:00 AM

Herbert Sandler, the surviving half of a husband-and-wife team who built the second-largest savings and loan and helped popularize an adjustable-rate mortgage blamed in part for the housing crash, has died. He was 87.

Sandler died Wednesday at his home in San Francisco, according to his website....

6/3/2019 8:15:00 AM

The mall is now a warehouse, and Blackstone Group is betting $18.7 billion on the shift.

That’s how much the New York investment manager is paying for 179 million square feet of urban logistics properties — the warehouses used by Amazon.com Inc. and other retailers to fulfill orders from online...

5/29/2019 8:35:00 AM

The sluggish Southern California housing market showed signs of perking up in April, as prices ticked up one month after they fell for the first time since 2012.

In a report released Wednesday, real estate firm CoreLogic said the six-county median sales price climbed 1.4% from a year earlier to...

5/28/2019 1:10:00 AM

Home price gains in 20 U.S. cities decelerated in March for a 12th straight month, suggesting that sellers’ demands have made properties unaffordable for many.

The S&P CoreLogic Case-Shiller index of property values increased 2.7% from a year earlier, the slowest since August 2012, data showed...

5/25/2019 11:00:00 PM

On a recent spring day, bulldozers leveled the low-slung Holiday Auto Plaza in Palms, home to several repair shops. Just another unremarkable commercial building being swept away — except for the intriguing turn that its replacement might mark for L.A.’s housing crisis.

The Venice Boulevard site...

5/23/2019 10:30:00 PM

The societal ramifications of state-legalized marijuana — a $10.4-billion industry — are being hashed out, study by study. And home values are one of the effects under scrutiny.

The link between real estate prices and weed might not be readily apparent, until one considers the en vogue vibe of...

5/11/2019 8:00:00 PM

Dear Liz: My mother recently passed away. The title to her home was held in the family trust. My siblings and I are in the process of clearing out the house in preparation for a sale. Do we need to obtain a “step-up” basis appraisal before the sale to use in determining capital gain on the home?...

5/9/2019 11:00:00 PM

In the high-caliber housing market of Los Angeles, every neighborhood has a distinct style, offering a list of pros and cons that can leave even the surest of buyers second-guessing.

Better views lead to longer commutes. Living closer to the action may mean sacrificing space.

The Pitch digs into...

5/8/2019 1:45:00 PM

The state Coastal Commission on Wednesday levied a record $15.6-million penalty against the owner of an upscale coastal hotel in Santa Monica because the hotel was built without proper permits that include providing for more affordable lodging in the area.

The commission, at a meeting in Oxnard,...

5/7/2019 10:00:00 PM

A long-vacant prime lot on Wilshire Boulevard in Beverly Hills has sold for $130 million to an international partnership that plans to build upmarket condominiums on the site.

New York luxury real estate developer Shvo bought the block-long property at 9200 Wilshire Blvd. from New Pacific Realty...

5/3/2019 12:00:00 AM

As the global recession deepened in 2008, Tom Barrack was in his element. Over the course of two decades, the chief executive of Los Angeles-based Colony Capital had carved out a reputation as a real estate investor who placed winning bets when others ran scared. So, at the bidding of a longtime...