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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: Fri, 9 Dec 2016 19:00:55 -0800

Copyright: ©2016 Los Angeles Times
 



2017: What's next in housing

Fri, 9 Dec 2016 17:00:00 PST

Expect increased rent prices in San Diego County next year and many of the same hurdles to get new homes built. 

That’s at least some of the consensus coming out of two real estate forecast conferences in San Diego this week attended by builders, landlords and investors. 

There was cautious optimism...

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Developer details high-rise residential, retail plans for historic L.A. Times property

Fri, 9 Dec 2016 16:00:00 PST

The new property owner of the historic Los Angeles Times building unveiled details Friday about its plans to dramatically transform the downtown Civic Center with high-rise residential towers and a host of stores.

Onni Group, a developer in Vancouver, Canada, bought the 202 W. First St. property...

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Your apartment might make a great condo

Fri, 9 Dec 2016 13:55:00 PST

If there was any question about demand for condos in San Diego County’s housing market, Hillcrest’s Deca complex may have answered it.

The luxury condos on Park Boulevard, starting near $500,000, went on sale last week. In five days, eight of the 31 units up for sale had sold, developers said. 

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What $1 million buys in Beverly Crest, Hollywood Hills and Sherman Oaks

Thu, 8 Dec 2016 08:00:00 PST

A million dollars, once a line for defining personal wealth and real estate, doesn’t buy what it once did in Los Angeles County’s housing market, but it’s still enough to get into some trendy neighborhoods.

Here’s a look at what $1 million buys in Beverly Crest, Hollywood Hills and Sherman Oaks...

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'Celebrity' real estate ties can be shaky - or even unreal

Thu, 8 Dec 2016 07:00:00 PST

What’s in a name?

In Los Angeles real estate, a lot. A property’s connection to an A-list celebrity or renowned architect can add glamour, intrigue — and a price premium.

Name-dropping such ties is a common practice, but estates can be mistakenly attributed to notables, and the “Marilyn Monroe...

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Feds crack down on deceptive reverse-mortgage ads

Wed, 7 Dec 2016 13:35:00 PST

The federal Consumer Financial Protection Bureau said Wednesday that it has fined two Southern California reverse-mortgage firms for deceptive advertising practices, saying the companies wrongly told borrowers they could not lose their homes.

American Advisors Group in Orange agreed to pay a civil...

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Marijuana REIT prices IPO, shares drop early on

Fri, 2 Dec 2016 17:20:00 PST

A San Diego real estate firm that aims to own buildings used to grow medical marijuana became a publicly traded company on Thursday, opening at $20 a share but seeing its stock price fall by the end of the week. 

Shares of Innovative Industrial Properties, lead by former BioMed Realty Chief Executive...

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Homes in Eagle Rock, La Canada Flintridge and Topanga for about $900,000

Fri, 2 Dec 2016 08:00:00 PST

What does $900,000 buy in L.A. County’s real estate market? In Eagle Rock, a newly built contemporary; in La Cañada Flintridge, a cozy ranch home; and in Topanga, a two-house compound.

Here’s a more detailed look:

EAGLE ROCK: A wall of bi-folding doors extends the living space outside at this newly...

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Luxury developers are painting the town green to cater to the eco-conscious

Thu, 1 Dec 2016 08:30:00 PST

Real estate developers are seeing green.

Responding to interest among home buyers for eco-friendly dwellings, developers are building energy- and water-efficient features into homes, reusing materials instead of buying new ones and purchasing bicycles for residents to use.

They’re also catering...

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San Diego economy flat going into election

Wed, 30 Nov 2016 17:10:00 PST

The San Diego County economy was unchanged in October as the presidential election neared its end, said a monthly study from University of San Diego. 

Consumer confidence was up for a fourth month in a row but the region was dragged down by local stock prices and a reduction in help wanted advertising,...

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Steven Mnuchin, Donald Trump's choice for Treasury, is already a polarizing figure

Wed, 30 Nov 2016 16:50:00 PST

President-elect Donald Trump’s naming of veteran Wall Street banker and hedge-fund manager Steve Mnuchin to be the next Treasury secretary quickly turned into a polarizing appointment on Wednesday as financiers cheered the selection while watchdog groups warned that it could lead to rollbacks of...

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Trump taps Wall Street executive and Hollywood producer Steven Mnuchin for Treasury secretary

Wed, 30 Nov 2016 05:35:00 PST

President-elect Donald Trump has chosen Steven Mnuchin, a wealthy Wall Street executive and Hollywood movie producer who served as his campaign finance chairman, to be the next Treasury secretary.

Although there was no official announcement, Mnuchin confirmed the appointment Wednesday morning during...

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Median home price in San Diego County surpasses $500,000

Tue, 29 Nov 2016 12:30:00 PST

The median home price in October exceeded a half-million dollars for the first time in a decade in San Diego County, real estate tracker CoreLogic reported Tuesday. 

Pushed up by high demand and limited supply, the median price hit $507,500, up 11 percent from a year ago. It has still not reached...

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Southern California home prices jump, U.S. values surpass bubble-era peak

Tue, 29 Nov 2016 10:20:00 PST

Southern California home prices jumped last month, but sales flatlined in a region where homeownership is increasingly out of reach for the middle class.

The six-county region’s median price rose 6.9% from a year earlier to $465,000 in October, real estate firm CoreLogic said Tuesday. Sales inched...

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A pair of 'Real Housewives' make real estate moves in the L.A. area

Mon, 28 Nov 2016 17:30:00 PST

When it comes to the “Real Housewives” franchise, the drama isn’t limited to only the television screen. The various cast members often provide fodder in other walks of life, even in real estate news.

In Venice, Stephanie Hollman of “The Real Housewives of Dallas” has sold a newly transformed home...

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Report: SoCal to build more housing in '17

Mon, 28 Nov 2016 16:50:00 PST

San Diego County homeowners saw some of the biggest home value increases in Southern California in the last year, while landlords benefited from some of the lowest rental vacancy rates in the region, said a detailed industry report released Sunday.

While high demand for housing propelled prices...

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'Spider-Man' actor swings into Brentwood, and other top sales

Sat, 26 Nov 2016 08:45:00 PST

A pair of speculative developers, a philanthropist and one of Hollywood’s biggest tickets were among those closing deals in L.A. County’s high-end real estate market in late October and early November.

$22 million — Beverly Crest

After selling a $100-million spec house to Tom Gores, developers...

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Bob Hope's desert retreat sells to billionaire Ron Burkle for $13 million

Sat, 26 Nov 2016 05:00:00 PST

The Bob and Dolores Hope estate in Palm Springs, designed by renowned Modernist architect John Lautner, has sold to billionaire Ron Burkle for $13 million.

That’s just more than half the most recent asking price of $24.999 million and considerably less than the original list price of $50 million,...

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The time to protect your real property assets is before any HOA litigation

Sat, 26 Nov 2016 03:00:00 PST

Question: Not long after we moved into our townhouse, we came to loggerheads with the board. Try as we might to resolve our differences, nothing worked. My wife and I found ourselves in a lawsuit with the association that started shortly after we moved here. Yesterday our attorney explained the...

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Industrial tops 2017 real estate prospects

Fri, 25 Nov 2016 06:00:00 PST

Industrial properties, particularly those serving online shopping businesses, top the list of best real estate prospects in 2017, according to a survey of brokers, developers and other building-industry leaders.

The recently released “Emerging Trends in Real Estate” from the Urban Land Institute...

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Mortgage rates keep rising after Trump's election, threatening home affordability

Wed, 23 Nov 2016 12:25:00 PST

Long-term U.S. mortgage rates continued to surge this week in the aftermath of the election of Donald Trump as president. 

Mortgage giant Freddie Mac said Wednesday that the average rate on a 30-year fixed rate loan shot up to 4.03%, the highest since July 2015 and up from 3.94% a week earlier....

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SoCal not expected to share in rosy 2017 housing forecast

Tue, 22 Nov 2016 13:20:00 PST

Homeownership rates will rise across the nation in 2017 after years of declines as more millennials enter the market, Zillow predicted Tuesday in its look-ahead report. 

But, the Southern California market is not expected to see the same gains experienced in the rest of the country because of a...

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U.S. home sales reach strongest pace in nearly a decade

Tue, 22 Nov 2016 08:30:00 PST

Americans bought homes in October at the fastest pace in nearly decade, helped out by low mortgage rates that have since started to climb following the presidential election of Donald Trump.

The National Assn. of Realtors said Tuesday that sales of existing homes rose 2% to a seasonally adjusted...

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It's in titleholders own best interest to make sure HOAs have all their addresses

Sat, 19 Nov 2016 03:00:00 PST

Question: My daughter just learned that her homeowner association is foreclosing on her condominium, but she was never served with notice. Doesn’t she have to be personally served? Also, the board told her she did not comply with a legal requirement that she inform them of other addresses she may...

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Hundreds of new downtown rentals approved

Fri, 18 Nov 2016 06:00:00 PST

Get used to a  skyline filled with construction cranes. The downtown  housing boom looks like it’ll continue for the next six years.

Civic San Diego, the city’s downtown development review agency, reviewed seven projects with 1,650 apartments Wednesday — possibly a one-meeting record in more than...

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