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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: Sat, 16 Dec 2017 22:56:41 -0800

Copyright: ©2017 Los Angeles Times

Simon Cowell takes his talents to a bluff top in Malibu

Sat, 16 Dec 2017 06:00:00 PST

Simon Cowell, known to most as a judge on “The X Factor” and “America’s Got Talent,” has bought a compound in Malibu for $24 million. He’s also quietly shopping his Beverly Hills home in the $30-million range.

The Malibu home is behind gates on a bluff top of about 2 acres with expansive lawns,...


With the rise of SpaceX and Rams stadium, Hawthorne's industrial areas are becoming hip

Fri, 15 Dec 2017 13:15:00 PST

The scent of beer spills into the brick-walled taproom at Los Angeles Ale Works, a craft brewery that opened earlier this year on a quiet industrial block in Hawthorne.

Behind the brewery, a boutique letter press company prints cards, wedding invitations and other stationery, while a woodworking...


Neighborhood Spotlight: Beverlywood's postwar modesty has worn off

Fri, 15 Dec 2017 06:15:00 PST

When famed real estate developer Walter J. Leimert stood on a bunting-festooned platform in 1940 to announce the opening of his company's newest housing tract, the gathered crowd could be forgiven if it found the site less than inspiring.

The location of the ceremony was a nearly treeless expanse...


Shopping mall giant Westfield being sold to French real estate firm in $16-billion deal

Tue, 12 Dec 2017 17:15:00 PST

Westfield Corp., which operates upscale shopping malls in Los Angeles and in dozens of other U.S. cities and in Britain, agreed to be acquired for nearly $16 billion by French commercial real estate giant Unibail-Rodamco, the companies said Tuesday.

The deal underlined how even operators of marquee...


Recession could be coming, says chamber economist

Tue, 12 Dec 2017 06:00:00 PST

Bad economic times may be coming, an economic forecast panel learned last week.

The downturn will be short and San Diego will suffer less.Housing is a growing problem, especially for military families.Employees want hotel-like services at the workplaces.San Diego will get over the departure of...(image)

Will San Diego finally adopt regulations legalizing Airbnb rentals?

Mon, 11 Dec 2017 06:00:00 PST

San Diego’s elected leaders on Tuesday will weigh two rival proposals for regulating the city’s thousands of short-term rentals, following years of heated debate.

Short-term rentals on platforms like Airbnb are currently deemed illegal by the City Attorney's office.One proposal, drafted by four...(image)

How to find your way out of difficult financial circumstances

Sun, 10 Dec 2017 03:00:00 PST

Dear Liz: I desperately need your help! My husband, who is 91, is in the early stages of dementia. I just turned 88 and for the first time am responsible for making all the financial decisions.

We are deeply in debt and I don’t know the best way to proceed. We owe more than $40,000 on credit cards,...


LeBron James' $23-million purchase among L.A.'s priciest home sales in November

Sat, 9 Dec 2017 08:00:00 PST

An NBA superstar was among those making a mark in L.A.’s luxury real estate scene in November. Other highwater deals include the sale of a Bel-Air spec mansion with a Motown connection and an ocean-view house in Pacific Palisades. Here’s a larger look.

$24 million — Bel-Air

On Bellagio Road, the...


Tax bill's impact on San Diego: Lots of downsides

Fri, 8 Dec 2017 06:00:00 PST

Question: Will the congressional tax bill, either the Senate or House version, be good for San Diego’s economy?

Phil Blair, Manpower

NO: As a state with very high state income taxes and high real estate costs, resulting in high mortgage interest costs, the lack of deductibility of these costs will...


Housing forecast 2018: More money for renters, inventory low

Thu, 7 Dec 2017 17:00:00 PST

Next year could feature more money for renters but increased difficulty for potential first-time homeowners, said experts at a housing outlook conference at University of San Diego.

The shadow of pending legislation in Congress colored much of the discussion Thursday, as did continued concern over...


Californians might retain a state and local income tax deduction — but with limits

Thu, 7 Dec 2017 16:15:00 PST

Californians still might retain their ability to deduct state and local taxes from their federal returns under the Republican overhaul — but with a catch.

The total annual deduction would be capped at $10,000, which is the same level as a limited deduction for property taxes that both the House...


How the Senate tax plan affects San Diego housing

Mon, 4 Dec 2017 15:55:00 PST

The Senate passed a sweeping tax bill Saturday morning that has housing advocates, real estate agents and industry groups worried.

At the same time, Republicans who led the tax reform push are celebrating it as a boon for economic growth — ultimately helping the housing market.

It’s not a done...


Special report: Can we build our way out of the housing crisis?

Mon, 4 Dec 2017 06:00:00 PST

The Union-Tribune examined if San Diego County can build more housing to slow the pace of rent and home price increases.

What we found:

- Zoning changes, emphasis on townhomes and reduced regulation would likely speed up construction;

- Biggest hurdles continue to be anti-growth sentiments and...


'Real Housewife' Kyle Richards puts a $7-million price tag on elegant Bel-Air estate

Sun, 3 Dec 2017 07:00:00 PST

Kyle Richards, star of “The Real Housewives of Beverly Hills,” and her husband, Los Angeles-based real estate agent Mauricio Umansky, are seeking a buyer or tenant for their elegant Bel-Air mansion.

The seven-bedroom spot is available for purchase at $6.995 million, or for lease at $50,000 per...


Former Angel Garret Anderson sells his home base in Irvine for $9.6 million

Fri, 1 Dec 2017 11:40:00 PST

Garret Anderson, the former slugging outfielder for the Angels and Dodgers, has parted ways with his personal dugout in Irvine. He’s sold his estate in the Shady Canyon community for $9.644 million.

Built in 2009, the Spanish-style mansion features such Old World details as a clay-tiled roof, white-plaster...


Consumer confidence high in San Diego County

Thu, 30 Nov 2017 13:15:00 PST

The San Diego County economy had a strong start to the fall, led by consumer confidence and low unemployment, said a monthly study from the University of San Diego released Wednesday.

The report from the Burnham-Moores Center for Real Estate looks at different parts of the local economy to see...


Got $529,750 for a San Diego house?

Wed, 29 Nov 2017 11:40:00 PST

The San Diego County median home price was $529,750 in October, a steady decrease from its peak this summer, real estate tracker CoreLogic reported Wednesday.

An all-time peak of $545,000 was reached in June.

The median home price has increased 4.4 percent in a year as of October. It is the lowest...


Southern California home prices rose 6.5% in October

Wed, 29 Nov 2017 10:05:00 PST

Southern California home prices rose 6.5% in October from a year earlier, while sales jumped 3.6%, according to a new report out Wednesday from researcher CoreLogic.

The sales increase comes despite a shortage of listings on the market and underscores the strong demand for housing as employers...


Ellen DeGeneres and other celebrities slash home prices as the holidays approach

Wed, 29 Nov 2017 09:05:00 PST

Black Friday and Cyber Monday have come and gone, but there are still a few discounts to be had.

In Montecito, Ellen DeGeneres and wife Portia de Rossi appear to have lowered expectations on their Italian villa-style home.

Originally offered at $45 million, the romantic weekend retreat and its ...


San Diego home price increases among highest in nation

Tue, 28 Nov 2017 12:20:00 PST

San Diego was among the top three cities in the U.S. with the biggest annual home price increases in September, said a key real estate index released Tuesday.

The region’s home prices have risen 8.2 percent in a year, said the S&P Case-Shiller Indices. Only Seattle and Las Vegas had bigger increases...


How would tax reform affect you? We need your help to find out

Mon, 27 Nov 2017 12:15:00 PST

Big changes could be coming for the nation’s tax code, from revised income tax brackets and a cap on the deduction for mortgage interest payments to a new tax rate for small-business owners.

Wondering how those changes could affect your family? The Times is wondering the same thing — and we need...


U.S. home sales rise at fastest pace in a decade, causing a surge in prices

Mon, 27 Nov 2017 07:45:00 PST

Americans bought new homes in October at the fastest pace in a decade — a 6.2% monthly increase that reflects both the underlying strength of the economy and the worsening shortage of existing homes for sale.

The Commerce Department said Monday that new-home sales last month rose to a seasonally...


Vacant Santa Monica Sears getting a second life with a $50-million makeover

Sun, 26 Nov 2017 05:00:00 PST

The vacant Sears department store in downtown Santa Monica is poised for an extreme makeover that will turn the former down-to-earth purveyor of general merchandise into a swanky place to work, eat or grab a beer.

Soon the Art Deco landmark will be home to sun-drenched offices for rent with a rooftop...


How to sort out the taxes when you sell your house

Sun, 26 Nov 2017 03:00:00 PST

Dear Liz: I am trying to understand the capital gains tax exemption as it applies to the sale of a house. If I have no mortgage and I sell my house before I have lived in it for two of the previous five years that are now required for the exemption, is it based on the total selling price of the...


DreamWorks' Glendale campus sold to South Korean investors for $290 million

Tue, 21 Nov 2017 10:20:00 PST

DreamWorks Animation’s luxurious Tuscany-style campus in Glendale has sold for $290 million to a partnership led by South Korean investors.

The animation company, acquired last year by Comcast Corp.’s NBCUniversal for $3.8 billion, will continue to occupy the 15-acre property dotted with oaks,...