Builders may challenge California’s development ‘impact fees,’ Supreme Court rules
The Supreme Court says home builders in California may challenge the fees commonly imposed by cities and counties to pay for new infrastructure….
All-cash offers, wealthy buyers push Southern California home prices to a record
Southern California home prices have hit a record despite high interest rates, a reflection of a shortage of inventory and the region’s wealth disparity….
Studio owners revise plans for $1-billion update of historic Television City
Owners of Television City scale back plans for a $1.25-billion upgrade of the legendary studio lot in response to neighbors’ concerns. …
Historic Sportsmen’s Lodge hotel may be demolished for 520-unit apartment complex
Proponents of the development in Studio City say it would bring much-needed affordable housing. Opponents say the developers have not sufficiently weighed the project’s impacts and that it would erase an important piece of history. …
California is building fewer homes. The state could get even more expensive
Developers built fewer homes in California in 2023, potentially leading to higher prices and rents as a supply shortage worsens….
Landlord Arnel Management illegally withheld security deposits, attorney general alleges
Major Orange County landlord Arnel Management has agreed to pay more than $1 million to settle allegations it illegally withheld security deposits from its tenants. …
The year of the ‘mansion tax’: Hundreds of millions raised, but a chill to L.A.’s luxury market
The “mansion tax” has raised roughly $215 million in its first year. Advocates say the tax helps address L.A.’s housing crisis, but critics claim it has frozen the real estate market….
Need help with missed mortgage payments in California? Apply soon: Money is running out
California officials say they expect the mortgage relief program for homeowners suffering pandemic-related financial hardships will soon exhaust its federal funding….
L.A. County settles PACE loan lawsuits; affected homeowners to receive millions
Under a $12-million settlement, L.A. County agreed to resolve allegations its PACE lending program saddled borrowers with loans they couldn’t afford….
Office tower planned for Hollywood gets new design and billion-dollar price tag
Hollywood real estate developer doubles down on plans for “the Star,” a proposed office tower on Sunset Boulevard, designed by Norman Foster, with a $1-billion price tag….