Beverly Hills real estate mogul sentenced in college admissions scandal dies by suicide
Robert Flaxman, who pleaded guilty in 2019 to conspiring with William “Rick” Singer in the college admissions scandal, died in Malibu….
Mortgage rates top 7% for the first time since 2002, chilling L.A. housing market
The average rate on a 30-year fixed-rate mortgage rose above 7% for the first time since 2002, according to a widely watched survey from Freddie Mac….
A South Bay man accepted hundreds of offers from open houses. But the homes weren’t for sale
Adolfo Schoneke was sentenced to nine years in prison for a scheme involving fake open houses at not-for-sale homes that netted nearly $12 million….
Thousands of apartments may come to Santa Monica, other wealthy cities under little-known law
Developers in Santa Monica are planning 4,500 new apartments under a little-known state legal provision — and the city might not be able to stop them….
Californians can get $3,000 grants to retrofit homes for earthquake safety
In an earthquake, a lack of grip between a house and its foundation can cause the home to be shoved off — as if the shaking has broken the building’s knees….
Fred Armisen asks $3.5 million for hip Los Feliz home
Actor Fred Armisen is asking $3.5 million for a stately brick abode in the hills of Los Feliz built in the 1920s….
L.A. hits $1-billion earthquake milestone: 8,000 buildings retrofitted
The milestone comes seven years after the City Council passed the nation’s most sweeping earthquake safety legislation, requiring more than 14,000 buildings be retrofitted….
Black developers refuse to work with De León on $1.6-billion Angels Landing project
Black real estate developers of the proposed $1.6-billion Angels Landing project refuse to continue working with City Councilman Kevin de León….
Vin Scully’s Hidden Hills mansion lists for $15 million
The longtime home of late Dodgers broadcaster Vin Scully is up for grabs in Hidden Hills, priced at $15 million….
Rising mortgage rates are sending home prices lower
After a decade of largely uninterrupted gains, Southern California home prices are now falling, the result of rising mortgage rates that have squashed demand….