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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, 21 Oct 2016 09:50:40 -0700

Copyright: ©2016 Los Angeles Times

Neighborhood Spotlight: Canoga Park rocketing on fewer engines

Thu, 20 Oct 2016 18:15:00 PDT

If there’s one part of the San Fernando Valley that most expressed the go-go spirit of Space Age America, it’s Canoga Park.

The neighborhood is where aerospace giant Rocketdyne designed the massive rockets that would take us to the moon and back, and where each sprawling new ranch home contained...


Home and rent price increases to slow, economists predict

Wed, 19 Oct 2016 16:55:00 PDT

National home and rent price increases are expected to slow in the next two years, said a report of 51 economists and analysts released Tuesday.

Average home prices will increase by 5 percent in 2017 and 4 percent in 2018 — down from the 5.8 percent increase in 2015 and 5.1 percent this year, said...


Tijuana condo boom will transform the border town's skyline. Will it be the new San Diego?

Fri, 14 Oct 2016 14:30:00 PDT

José Luis Corona didn’t expect to move back to Mexico when he left for the United States 12 years ago, but that was before he saw the Horizonte luxury condominiums in Tijuana.

The 54-year-old, originally from Mexico City, already owns a home in Chula Vista but decided about a year ago to buy a...


Owlwood's $90-million sale continues spate of high-end transactions in L.A.

Fri, 14 Oct 2016 08:00:00 PDT

It appears that the landmark sale of the Playboy Mansion was only the tip of the high-end real estate iceberg. In Holmby Hills, another storied estate has changed hands for an amount that puts it right up there with the priciest residential transactions ever recorded in Los Angeles County.



China's weak trade report shakes up U.S. stocks

Thu, 13 Oct 2016 14:25:00 PDT

Bank stocks were shaken Thursday after a steep drop in China's exports made investors worry again about the health of the world's second-largest economy. U.S. stocks gradually recovered most of their losses as safer investments such as utilities traded higher.

Indexes took big losses early on,...


Neighborhood Spotlight: Fairfax is bumper-to-bumper with L.A. culture

Thu, 13 Oct 2016 08:00:00 PDT

The story of the Fairfax District begins at the turn of the 20th century with a dramatic, life-changing moment for one young dairy farmer.

A.F. Gilmore, who moved to Los Angeles from Illinois in 1870, was sinking a well to water the herd of cows he grazed near the present corner of Wilshire Boulevard...


Colliers economist looks to 2017 for real estate trends

Wed, 12 Oct 2016 18:40:00 PDT

With election day less than a month away, Andrew Nelson, chief economist of Colliers International, one of the world’s biggest commercial real estate brokerages with 16,000 agents in 66 countries, expresses disappointment that the economy hasn’t attracted much attention in the campaign, except...


My Favorite Room: Katee Sackhoff loves her Westside home - finally

Wed, 12 Oct 2016 16:10:00 PDT

Seven years ago, actress Katee Sackhoff bought her “first big-girl home,” a beach house on the Westside.

But it took a long time for it to become her dream home.

“It was gorgeous, but it wasn’t me,” she said. “People had done little remodels to it as they moved in and out, so there wasn’t a uniform...


How your credit score affects your mortgage rate

Sat, 8 Oct 2016 11:00:00 PDT

Without a high credit score, you won’t qualify for the best mortgage rates available, which could mean you’ll end up paying more money over the term of your mortgage. Even with rates at historic lows right now, the difference between 3.5% and 3.75% can add up, especially if you’re applying for...


'Home Improvement's' Zachery Ty Bryan looks to part with his Glendale home

Thu, 6 Oct 2016 13:15:00 PDT

It’s a good week for fans of both real estate and the ’90s sitcom “Home Improvement.

Tim Allen, who starred as Tim “the Tool Man” Taylor on the series sold his home in Hollywood Hills West for about $1.755 million. Now Zachery Ty Bryan, known for his role as oldest son Brad on the show, has a home...


L.A. County office market improves in third quarter as economy holds up

Wed, 5 Oct 2016 15:20:00 PDT

Los Angeles County businesses expanded and leased additional offices last quarter, casting off concerns over the direction of the larger U.S. economy.

In doing so, firms sent the county’s vacancy rate down slightly to 13.9% from 14% in the second quarter. Average rents in the third quarter rose...


John Kilroy Sr., commercial real estate pioneer and champion sailor, dies at 94

Mon, 3 Oct 2016 15:30:00 PDT

John B. Kilroy Sr., who rose from a Depression-era childhood to establish Kilroy Realty Corp. as one of the leading commercial real estate firms on the West Coast, has died at age 94, his foundation announced.

Kilroy, who also was a renowned sailor, died Thursday at Cedars-Sinai Medical Center...


Leonardo DiCaprio seeks an eight-figure return on longtime Malibu home

Sat, 1 Oct 2016 06:00:00 PDT

Hollywood leading man Leonardo DiCaprio has put an oceanfront home on Malibu’s Carbon Beach on the market for $10.95 million — nearly seven times what he paid for the property two decades ago.

The remodeled 1950s bungalow had been listed for lease last year at $23,000 a month or $50,000 a month...


Home of the Week: A walk in the park in Holmby Hills

Sat, 1 Oct 2016 06:00:00 PDT

Tucked within a curtain of tropical landscaping, this gated estate in Holmby Hills appears right at home in its park-like surroundings.

Holmby Park, a celebrity favorite over the years, fronts the entrance to the refined French Regency, designed by Caspar Ehmcke and built in 1966. At the other...


Why some home buyers are ditching the real estate agent and turning to start-ups

Fri, 30 Sep 2016 15:20:00 PDT

Real estate agents used to be privy to a lot of information that home buyers couldn’t obtain on their own.

But now property listings, photo galleries, historic sales prices, school ratings and neighborhood crime rates are freely accessible to anyone with just a few clicks. For some assertive buyers,...


Tijuana condo boom: The new San Diego?

Fri, 30 Sep 2016 11:00:00 PDT

José Luis Corona didn’t expect to move back to Mexico when he left for the United States 12 years ago, but that was until he saw the Horizonte luxury condominiums in Tijuana.

The 54-year-old, originally from Mexico City, already owns a home in Chula Vista but decided about a year ago to get a $290,000...


My Favorite Room: Robert Patrick's focus on the visuals makes for a great room

Fri, 30 Sep 2016 08:00:00 PDT

A custom three-bedroom contemporary was just a dream when actor Robert Patrick landed in Los Angeles from Cleveland in 1984. Back then, the budding star didn’t even have a room.

“I lived in my car,” he said. “But I had a goal to build a house in the Hollywood Hills.”

He lucked out. That very year,...


What $800,000 buys in Hawthorne, Long Beach and Pasadena housing markets

Fri, 30 Sep 2016 08:00:00 PDT

What does $800,000 buy in the Los Angeles County real estate market? In Hawthorne, a remodeled ranch house; in Long Beach, a wood-paneled contemporary; and in Pasadena, a traditional-style home with a swimming pool.

Here’s a larger look at what roughly $800,000 buys in each of the three areas.


Home of the Day: A Calabasas pied-à-terre with all the perks

Fri, 30 Sep 2016 07:40:00 PDT

One of 72 single-story flats in Avanti, a new mixed-use community in Calabasas, this pied-à-terre has a contemporary, urban feel. Open-plan interiors feature two-tone hues, custom lighting and a kitchen outfitted with high-end fixtures and appliances. Glass doors give way to a private patio that...


California Gov. Jerry Brown signs a bill that boosts protection for surviving spouses against foreclosure

Thu, 29 Sep 2016 17:10:00 PDT

California Gov. Jerry Brown on Thursday signed a bill that’s designed to give widows and widowers a better shot at saving their homes when they fall behind on mortgage payments.

Senate Bill 1150 boosts protections against foreclosure for surviving spouses who own their home but are not on its mortgage...


U.S. Bank to pay L.A. $13.5-million over foreclosed homes that fell into disrepair

Thu, 29 Sep 2016 14:55:00 PDT

The Los Angeles city attorney has reached a $13.5-million settlement with U.S. Bank to resolve allegations that the nation’s fifth-largest bank operated as a slumlord and allowed hundreds of foreclosed properties to deteriorate, fostering crime and blight in L.A. neighborhoods slammed by the housing...


Neighborhood Spotlight: Eagle Rock offers small-town vibe within the big city

Thu, 29 Sep 2016 08:00:00 PDT

Keeping watch over a small valley below the San Rafael Hills is a massive rock dome with a cleft that, when the sun is positioned just right, resembles the silhouette of a bird swooping down.

This dramatic natural formation inspired the name of the town that would grow to fill that isolated valley,...


Realtors: California home prices and sales expected to rise next year

Thu, 29 Sep 2016 05:00:00 PDT

The California housing market is expected to grow increasingly unaffordable next year, driving would-be home buyers away from high-cost coastal regions and toward the more inexpensive inland stretches of the state, according to an industry forecast.

The California Assn. of Realtors on Thursday...


'Brady Bunch' star's Malibu beachfront bungalow poised for a reboot

Wed, 28 Sep 2016 13:05:00 PDT

At 10 years old, Eve Plumb — who played frustrated middle child Jan Brady on “The Brady Bunch” — made her first real estate purchase: a humble $55,300 Malibu bungalow.

Forty-eight years later, Plumb sold the three-bedroom home for $3.9 million.

Even by Malibu oceanfront standards, that’s an impressive...


San Diego home price increases outpace most of California

Tue, 27 Sep 2016 10:55:00 PDT

San Diego County home prices have increased more than most of California in the last year, a key real estate index showed Tuesday. 

San Francisco and San Diego counties’ median home price is up 6 percent in the last 12 months, said the July S&P CoreLogic Case-Shiller Indices. Los Angeles and Orange...