NEWS

L.A. Times - Real Estate News

2/17/2019 9:00:00 PM

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

I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week.

Wall Street closed Friday on a high note amid renewed optimism about a trade deal with...

2/15/2019 10:00:00 PM

Allen Iverson’s former home, which he lost to foreclosure, has traded hands in Georgia for a dirt-cheap $725,000.

Wells Fargo & Co. took ownership of the estate in 2017 after suing the Hall of Famer for failing to make mortgage payments on the property, according to reports. Iverson paid $2.19...

2/14/2019 5:20:00 AM

High in the hills of Brentwood, a pristine Midcentury Modern home tied to Elon Musk is fresh on the market for $4.499 million.

The Tesla and SpaceX founder bought the 1950s home five years ago with his then-wife, actress Talulah Riley, for $3.695 million. But don’t call it Musk’s home, real estate...

2/8/2019 10:00:00 PM

Crystal Hefner’s hop into the real estate game seems to be going well. The former Playboy bunny and widow of Hugh Hefner has sold her modern home in Hollywood Hills West for $5 million.

The pair paid $4.995 million for the home in 2013 a few months after getting married. According to Crystal Hefner,...

2/7/2019 4:50:00 AM

A two-building office complex in the heart of Sorrento Mesa has been snatched up by Salt Lake City-based real estate investment firm Bridge Investment Group.

The group’s office fund Wednesday closed on the 97,316 square-foot Cornerstone Plaza for an undisclosed sum. The buildings, built in 1986,...

2/3/2019 9:00:00 PM

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

I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week.

Friday brought news that the labor market is feeling its oats. Employers shrugged off the...

2/1/2019 4:05:00 PM

Asked to name L.A.’s hottest housing markets with musicians, actors and sports stars, places like Beverly Hills, Malibu and West Hollywood immediately come to mind. This week’s roundup, however, includes several homes in the Encino area, and reminds us there is a lot going on in the Valley. Totally.

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1/30/2019 7:50:00 AM

San Diego County’s median home price ended the year at $550,000, one of its lowest points of 2018, real estate tracker CoreLogic reported Wednesday.

December’s price is reflective of reduced sales in the home market across the nation as rising mortgage rates at the end of the year kept buyers on...

1/30/2019 6:20:00 AM

The housing market’s chill grew colder in December, as sales plunged across Southern California and home prices barely rose.

The number of closed deals fell 20.3% compared with a year earlier, hitting the lowest level for a December since the start of the Great Recession and marking the sharpest...

1/29/2019 5:00:00 AM

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

Resale home prices in the San Diego metropolitan area increased 3.3 percent in the year, the third slowest of the 20 cities covered...

1/28/2019 10:00:00 PM

San Diego’s rental income gold rush shows no sign of slowing down.

More than 4,500 apartments are scheduled to open in 2019, outpacing last year’s total by roughly 1,000.

Last year, the multifamily market was dominated by immense new projects in downtown — especially in East Village and Little...

1/28/2019 8:00:00 PM

Ninety years ago, workers hurrying to their jobs on Spring Street witnessed a remarkable sight: a swanky garage that lifted Ford Model A’s and other Jazz Age roadsters as high as 13 stories to a coveted parking spot.

A quarter century later, that same high-rise was converted into offices to serve...

1/25/2019 6:40:00 AM

Specialty grocer Jimbo’s Naturally is asking a San Diego Superior Court judge to block any efforts by developer Stockdale Capital Partners to turn Horton Plaza into a technology office campus.

The locally owned business earlier this month amended its existing lawsuit against the downtown center’s...

1/24/2019 7:00:00 PM

Construction on Oceanwide Plaza, one of the biggest real estate development projects in downtown Los Angeles, has stalled in what may be a shortfall in financing from the project’s Chinese owner.

The condominium, hotel and retail complex across the street from Staples Center is expected to cost...

1/22/2019 12:40:00 AM

U.S. home sales cratered in December, causing price growth to slip to the lowest level in nearly six years as the housing sector ended 2018 on a decidedly weak note.

The National Assn. of Realtors said Tuesday that sales of existing homes plunged 6.4% to a seasonally adjusted annual rate of 4.99...