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Preview: L.A. Times - Real Estate News

L.A. Times - Real Estate News

Real estate news for Los Angeles, Southern California and beyond, including Hot Property (celebrity homes), home tours, and more.

Last Build Date: Wed, 22 Feb 2017 07:00:46 -0800

Copyright: ©2017 Los Angeles Times

Stocks hit new records as an appetite for deals sends food companies up

Tue, 21 Feb 2017 15:45:00 PST

Stocks again broke records Tuesday as investors came back from a long weekend hungry for deals. Although Kraft Heinz and Unilever couldn't agree to a proposed $143-billion mega-merger, food and household goods makers rose as investors bet that other deals are coming.

Companies that make packaged...


Sprawling former Toyota headquarters campus in Torrance is up for sale

Tue, 21 Feb 2017 07:00:00 PST

Looking for an office complex with its own helipads, swimming pool, data center and emergency power?

One just hit the market in Torrance: the longtime North American headquarters of Japanese car manufacturer Toyota, which is consolidating its U.S. operations in Texas.

Toyota announced its plans...


2016: The year in housing

Mon, 20 Feb 2017 13:00:00 PST

San Diego County’s housing market hasn’t fully recovered from the recession, but it is getting close. Last year, 23 ZIP codes hit new high median home prices, according to real estate tracker CoreLogic. The countywide median in 2016, $490,000, fell just shy of the $500,000 peak reached in 2005...


What do millennials want?

Sun, 19 Feb 2017 06:00:00 PST

Offices ideal for collaboration and flexible spaces and residences with shared amenities near social opportunities part of the mix(image)

Making San Diego affordable

Sun, 19 Feb 2017 06:00:00 PST

City's Housing Commission using analysis to increase stock that is within reach for families unable to pay market costs(image)

It's not 2016 anymore ...

Sun, 19 Feb 2017 06:00:00 PST

Between boom and bust forecasts for the Trump era, the smart money might be on somewhere between those extremes(image)

Kurt Russell and Goldie Hawn let go of longtime Pacific Palisades home

Sat, 18 Feb 2017 07:00:00 PST

Actors Kurt Russell and Goldie Hawn have sold their Pacific Palisades home of more than a decade for $6.9 million.

The Georgian traditional-style home, built in 1951 and since updated, retains its classic curb appeal, with slender columns, ivy-covered siding and brickwork. An ornate frontispiece...


Hot Property: To everything there is a season

Sat, 18 Feb 2017 00:05:00 PST

Turn! Turn! Turn! Wannabe home buyers are out there kicking tires — or, more accurately, turning on faucets, lights and garbage disposals as they size up houses for sale. And sellers are ready for them.

This week’s lineup of notables includes longtime Hollywood stars, captains of industry and sports...


Mariners pitcher Hisashi Iwakuma didn't balk when this Newport Beach home came on the market

Wed, 15 Feb 2017 12:55:00 PST

Seattle Mariners pitcher Hisashi Iwakuma, who nearly became a Dodger two years ago, has bought a home in Newport Beach for $3.5 million.

Completed last year, the traditional-style house was designed for indoor-outdoor living and entertaining.

Features of note include a two-story family room with...


Steven Mnuchin wins slim vote for Treasury secretary — now he goes to work on taxes and regulations

Mon, 13 Feb 2017 17:45:00 PST

Following a bruising confirmation battle that centered on his actions as head of Pasadena’s OneWest Bank, Wall Street executive Steven T. Mnuchin was narrowly confirmed by the Senate as Treasury secretary on Monday.

Mnuchin becomes one of President Trump’s top Cabinet officers. He immediately faces...


FHA home loans were getting cheaper until Trump suspended a rate cut. Now, what comes next?

Mon, 13 Feb 2017 03:00:00 PST

An hour after Donald Trump took the oath of office last month, his administration caught the attention of the real estate industry when it abruptly suspended a planned cut in Federal Housing Administration mortgage-insurance premiums. 

The Department of Housing and Urban Development cited the need...


Virtual reality homebuying is on the horizon

Fri, 10 Feb 2017 12:15:00 PST

Would you buy a home without ever stepping foot in it? 

Thanks to virtual reality, prospective homebuyers can check out for-sale properties by viewing them through a headset — exploring faraway kitchens and bathrooms without ever leaving the couch.

“VR is the next natural evolution in terms of...


Stocks mostly rise, led by companies that pay big dividends

Wed, 8 Feb 2017 14:35:00 PST

Utilities, real estate firms and other companies that pay big dividends led U.S. stocks mostly higher Wednesday, pushing the Nasdaq composite to a new record for the second day in a row.

The gains by big-dividend stocks came as bond yields fell, making those traditionally safer stocks more attractive...


Trusts aren't a surefire way of making your HOA property judgment-proof

Sat, 4 Feb 2017 06:00:00 PST

Question: We own a townhouse in a homeowner association that shares a wall with our next-door neighbor. We also own a detached single-family dwelling in a gated community some 50 miles away where the HOA board takes care of the common areas, pools and tennis courts. Both properties are mortgage-free.


Essex, San Diego's 3rd largest landlord, misses Wall Street expectations

Fri, 3 Feb 2017 16:05:00 PST

Essex Property Trust, the third largest landlord in San Diego County, slightly missed Wall Street expectations with its fourth quarter earnings report released Thursday.

The publicly-traded residential real estate investment trust had funds from operations in the fourth quarter of $190.8 million,...


Valet parking, 24-hour concierge, screening rooms ... luxury-condo perks lure buyers out of the house

Thu, 2 Feb 2017 07:00:00 PST

The free breakfast buffet served daily to owners of the Ritz-Carlton Residences at L.A. Live includes scrambled eggs, bacon, French toast, fresh fruit and expansive 28th-floor views.

The complimentary meal is an unprecedented perk in the competitive landscape of luxury L.A. condominiums, where...


Senate panel approves Mnuchin for Treasury secretary after Republicans change the rules

Wed, 1 Feb 2017 09:10:00 PST

The Senate Finance Committee advanced Steve Mnuchin’s nomination for Treasury secretary Wednesday after Republicans changed rules to stymie a boycott by Democrats. The panel approved Mnuchin despite sharp objections from Democrats about the wealthy Wall Street executive’s tenure as head of Pasadena’s...


Valley mortgage lender Prospect Mortgage to pay $3.5 million to settle kickback charges

Tue, 31 Jan 2017 15:15:00 PST

Sherman Oaks lender Prospect Mortgage will pay the federal government $3.5 million to settle charges that it operated illegal kickback schemes with real estate brokers to gain business. 

The federal Consumer Financial Protection Bureau alleged that Prospect, which has nearly 100 branches nationwide,...


San Diego home price increases outpace nation and California

Tue, 31 Jan 2017 10:05:00 PST

Prices in San Diego County’s housing market in November outpaced the rest of the nation and California, said the S&P CoreLogic Case-Shiller Indices released Tuesday. 

Adjusted for seasonal variation, the San Diego regional index of home prices was up 5.8 percent in November compared to a year ago....


Report says Treasury nominee Steve Mnuchin misled senators about foreclosures by OneWest Bank

Mon, 30 Jan 2017 16:25:00 PST

An Ohio newspaper reported that Steve Mnuchin, President Trump’s nominee to be Treasury secretary, misled senators about foreclosures by OneWest Bank while he was chief executive, providing more fuel to opponents ahead of a contentious committee confirmation vote scheduled for Tuesday.

The Columbus...


San Diego's new white knight? Mike Stone and pro soccer

Sun, 29 Jan 2017 06:00:00 PST

If San Diego needs a white knight after losing the Chargers, Mike Stone might be the one.

He and his fellow investors have proposed replacing the NFL with the MLS, making soccer, not football, San Diego’s rally-around, civic-spirit-raising sport. The plan includes demolishing Qualcomm Stadium and...


Seeing green: Jane Fonda and Richard Perry seek $13 million for eco-friendly home

Sat, 28 Jan 2017 07:00:00 PST

Music producer Richard Perry and actress Jane Fonda are readying for a scene change in Beverly Hills, listing their eco-friendly home of five years for sale at $12.999 million.

Tucked behind gates in the Trousdale Estates area, the four-bedroom, 6.5-bathroom house boasts clean lines, open-plan...


Virtual reality homebuying on the horizon

Fri, 27 Jan 2017 11:25:00 PST

Southern California’s home market is so competitive that some buyers make down payments on houses over mobile streaming applications

Soon, thanks to virtual reality, showing a home may become passé, too. 

Calgary, Canada-based builder Brookfield Residential will offer virtual tours of model homes...


San Diego median home price ends the year under $500,000

Tue, 24 Jan 2017 14:35:00 PST

The typical home price in San Diego County ended the year under half a million dollars. 

In December, the median home price was $495,000, real estate tracker CoreLogic reported Tuesday. It was the same as the previous month and below the year’s peak of $507,500 in October.

In 12 months, the county’s...


Southern California home prices jump and sales fall

Tue, 24 Jan 2017 10:30:00 PST

Southern California home prices jumped in December, reaching the highest level in more than nine years.

An improving economy and a shortage of homes for sale propelled prices up 6.8% from a year earlier, real estate data firm CoreLogic said Tuesday. December’s median price of $470,000 was up 1.1%...