Column: A special kind of crazy in L.A.: A $50-million condo in the land of homeless tents
As the Los Angeles condo market soars to $50 million and beyond, can the taxes even begin to reverse widening inequity?…
These Beverly Hills condos chase record prices with private pools, butlers and a five-star restaurant
A $100-million boutique condominium complex with private swimming pools for residents and a potential five-star restaurant is rising in Beverly Hills….
California rents could skyrocket 10%. Blame inflation
Starting Monday, California landlords are allowed to begin raising rents under a 2019 state law….
Opendoor to pay $62 million to settle FTC claims it misled home sellers
Opendoor agreed to pay $62 million to the Federal Trade Commission to settle allegations that it misled potential home sellers in its marketing campaigns….
Radio’s Tom Joyner sells Florida home with a boxing ring for $19 million
After a $7.5-million renovation that saw him bring in a boxing ring, radio host Tom Joyner has sold his waterfront villa in Florida for $19 million….
L.A. County’s historic General Hospital is set to be converted into affordable housing
The Board of Supervisors approved a motion to begin creating construction and financial plans for redeveloping the General Hospital building….
Worried about mortgage interest rates? Here’s what the Fed’s rate hikes mean
There is a connection between the Federal Reserve’s efforts to curb inflation and higher mortgage interest rates, but it’s probably not the one you think it is….
‘Gimme Shelter’: The new COVID normal for California tenants
As the patchwork of eviction protections and rent relief programs continues to fray in California, how are landlords and tenants adapting to the new COVID reality? …
‘Precious’ producer eyes $50 million for Carpinteria polo compound
Film producer Sarah Siegel-Magness is asking $50 million for her Carpinteria compound complete with two polo fields. …
‘Hangover’ producer Scott Budnick lists Sherman Oaks farmhouse for $3.55 million
‘Hangover’ producer-turned-prison reform advocate Scott Budnick is asking $3.55 million for his Sherman Oaks farmhouse — exactly $1 million more than he paid three years ago….