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  • As international billionaires get nervous, sales in L.A.'s ultra-luxury housing market slow

    As international billionaires get nervous, sales in L.A.'s ultra-luxury housing market slow

    A cooling market for the most expensive homes is costing hotel and casino magnate Steve Wynn some money. Two years ago, Wynn paid $16.25 million for an 11,000-square-foot mansion perched on nearly an acre above the Bel-Air Country Club. Less than a year later, he sought to unload the home with...

  • Historic theaters gain new life as retail stores

    Historic theaters gain new life as retail stores

    Downtown L.A.’s Broadway Theater District, home to one of the largest concentrations of historic movie palaces in the nation, is gaining a new lease on life that doesn’t involve showing films. Some of the dozen remaining theaters are turning to other uses: There’s a hotel, the occasional church...

  • Off-market action heats up L.A. County's top home sales

    Off-market action heats up L.A. County's top home sales

    Sales of $10 million or more have been the big-ticket items on the Westside as of late, with Beverly Hills seeing the bulk of the action. Among the movers and shakers were a pair of television executives, who both completed deals outside the Multiple Listing Service. Here’s a look at the priciest...

  • Palisades Village redevelopment by Rick Caruso receives final approval

    Palisades Village redevelopment by Rick Caruso receives final approval

    The redevelopment of the run-down shopping core of the Pacific Palisades received final approval Tuesday from the Los Angeles City Council. The approval paves the way for shopping center magnate Rick Caruso to start work on his Palisades Village project, which the Grove owner envisions as more...

  • Orange County home prices rise above their 2007 bubble-era peak

    Orange County home prices rise above their 2007 bubble-era peak

    Seven and a half years after bottoming out amid the Great Recession, median home prices in Orange County finally surpassed their bubble-era heights last month. The wealthy county is the first region in Southern California to hit that mark, but experts largely dismissed talk of a new housing bubble....

  • New high-end hotel is proposed for Disneyland

    New high-end hotel is proposed for Disneyland

    For the first time in 20 years, Disney officials have submitted plans to the city of Anaheim to build a new luxury hotel. The project, which would be the fourth hotel at the Disneyland resort, is slated for a 10-acre parking lot on the west end of Disney’s property. The proposed hotel would take...

  • California Inc.: Primary voters will tackle pocketbook issues

    Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week. Investors had little to cheer Friday after it was reported that job growth ground nearly...

  • An industry town that walks on the mild side

    An industry town that walks on the mild side

    Studio City, like most San Fernando Valley developments, sprang up seemingly overnight, replacing lettuce fields with a sprawling new neighborhood on the banks of the L.A. River. Unlike other Valley tracts, Studio City brought an air of glamour to its dusty, semirural surroundings when, in 1928,...

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  • Redbury Hotel in Hollywood is sold to a Paul Allen-owned company for $41 million

    Redbury Hotel in Hollywood is sold to a Paul Allen-owned company for $41 million

    Hollywood’s boutique Redbury Hotel, near the storied intersection of Hollywood and Vine, has sold for $41 million to a company owned by Microsoft co-founder Paul Allen. The 57-room red hotel was designed by celebrity photographer Matthew Rolston and nightclub impresario and hotelier Sam Nazarian....

  • Beverly Hilton owner wants voters to approve 26-story condo tower

    Beverly Hilton owner wants voters to approve 26-story condo tower

    Last decade, real estate investor Beny Alagem narrowly secured voter approval to construct not only a Waldorf Astoria hotel next to the Beverly Hilton, but also two condo towers -- including an 18-story building that would be the tallest in Beverly Hills. The referendum proved a significant victory...

  • Selena Gomez and French Montana make a connection in Calabasas

    Selena Gomez and French Montana make a connection in Calabasas

    Calabasas residents, wave goodbye to one celebrity and say hello to another. Singer-actress and Justin Bieber obsession Selena Gomez has sold her home in a gated community for $3.3 million. The buyer? Rapper French Montana. Reached by a long driveway, the estate has a Mediterranean-style main house...

  • CBRE sells downtown headquarters for $330 million

    CBRE sells downtown headquarters for $330 million

    Los Angeles real estate services firm CBRE Group Inc. has sold its corporate headquarters on Bunker Hill  to a joint partnership that includes a German asset manager. A purchase price for 400 S. Hope Street in downtown Los Angeles was not disclosed, but people familiar with the deal pegged it at...

  • Holly Madison's '40s-style kitchen worthy of a centerfold

    Holly Madison's '40s-style kitchen worthy of a centerfold

    Former Playboy bunny Holly Madison doesn't miss much about living in the storied mansion. Sure, she used to be Hugh Hefner's main girlfriend. She was a star on the E! network's "Girls Next Door." And, yes, she wrote a daring tell-all book last year that shot to the top of the New York Times best-seller...

  • Nigerian oil magnate exits Bel-Air with off-market sale of trophy home

    Nigerian oil magnate exits Bel-Air with off-market sale of trophy home

    The high-end market in Los Angeles has long been a popular spot for pocket-heavy foreign buyers looking to park their money, but recent top sales saw one international investor cashing out on the Westside. Here's a look at the most expensive homes that changed hands in the last two weeks of April....

  • Keep your ego out of staging — the home is the star

    Keep your ego out of staging — the home is the star

    When Darren Schaeffer put his Beverly Hills home on the market, he kept his Cabo San Lucas-inspired furniture in vivid purples and greens and continued to display his personal photos. He didn't give a thought to home staging. "I had plenty of furniture. Why would I move my furniture out just to...

  • Facebook's new L.A. digs have frozen yogurt, yoga and no privacy

    Facebook's new L.A. digs have frozen yogurt, yoga and no privacy

      With its proximity to creative agencies and celebrities, Los Angeles has emerged as a key market for Facebook’s advertising business and pop culture cachet. But space was tight in its Playa Vista offices. When R&B star Miguel visited recently to stream video on Facebook Live, there was nowhere...

  • Jean-Claude Van Damme knocks out a sale on the Westside

    Jean-Claude Van Damme knocks out a sale on the Westside

    In a celebrity connection straight outta the Westside, actor and martial artist Jean-Claude Van Damme sold his home in Marina del Rey to rapper-actor Ice Cube for $7.25 million. The custom three-story with cityscape and ocean views came up for sale a year ago for about $10 million and was more...

  • Most expensive homes for sale in Santa Barbara County

    Most expensive homes for sale in Santa Barbara County

    It seems like seven-figure listings are a weekly occurrence here in the Greater Los Angeles area, with an unrelenting surge of trophy homes and speculative developments popping up left and right. But it's Santa Barbara County that has the most publicly listed properties of $100 million or more...

  • Creatives, walk this way to trendy, midcentury-modern Silver Lake

    Creatives, walk this way to trendy, midcentury-modern Silver Lake

    One of L.A.'s older streetcar suburbs, Silver Lake first developed as Ivanhoe, a transit-oriented stretch of homes and shops clustered on either side of Sunset Boulevard that was a short Pacific Electric Red Car ride from downtown. That was in the early 1900s, when cars were rare and walkability...

  • Fun and Games in Thousand Oaks

    Fun and Games in Thousand Oaks

    Those summer temperatures are no sweat at this tricked-out estate. The sprawling home in a gated North Ranch community makes a splash with a custom infinity-edge swimming pool complete with dueling water slides, a raised spa and cascading waterfalls. Inside, grand formal areas give way to fun amenities...

  • El Segundo office campus sells for more than $300 million

    El Segundo office campus sells for more than $300 million

    A Boston-based real estate investor has purchased a sprawling El Segundo creative office campus for more than $300 million, underscoring the city’s ascendancy as a technology hub. Intercontinental Real Estate Corp. said Monday that it acquired the 546,833-square-foot four-building campus known...

  • ‘Bachelor’ creator Mike Fleiss sells his Hawaiian retreat for $11.4 million

    ‘Bachelor’ creator Mike Fleiss sells his Hawaiian retreat for $11.4 million

    Mike Fleiss extended his rose...and the buyer accepted. The creator and producer of reality TV series “The Bachelor” and “The Bachelorette” has sold his bluff-front retreat on the North Shore of Kauai, Hawaii, for $11.4 million. A typical "Bachelor" season runs 12 weeks, but the match between seller...

  • Stocks end slightly up; healthcare shares rise and energy firms fall

    Stocks end slightly up; healthcare shares rise and energy firms fall

    U.S. stocks finished just a bit higher Monday as gains for drug companies were almost canceled by sharp losses for metals and energy companies. Coming off two weeks of losses, stocks traded in a narrow range. Drug company stocks, which have been under pressure recently over concerns they'll have...

  • Builder designs with women's lifestyles in mind

    Builder designs with women's lifestyles in mind

    Everyone's heard of a man cave, but what about an entire home designed for a woman? Builder and designer Kim Gordon has done just that. She briskly demolishes, renovates and stages homes geared toward female buyers in the white-hot Westside tech market, creating seven Venice residences since 2010....

  • Celebrity architect unveils colorful Malibu creation

    Celebrity architect unveils colorful Malibu creation

    Architect to the stars Richard Landry has put his traffic-stopping beach house in Malibu on the market at $11.995 million. The three-story home was compartmentalized and the interior spaces dark when he bought the property five years ago for $3.95 million. Landry reworked the house to create open-plan...

  • Still standing: L.A.-area homes that have survived crimes' infamy

    Still standing: L.A.-area homes that have survived crimes' infamy

    The City of Angels is home to many of the most glamorous residences in the world — and some of the most notorious. Here at Hot Property, we often put together lists of the most jaw-dropping Malibu mansions or the priciest home sales of the month. This time around, we're taking a look at some of...

  • Homes for sale around SoCal's median price of $449,000

    Homes for sale around SoCal's median price of $449,000

    Southern California's median home price tipped the scales at $449,000 in March, according to CoreLogic. Low inventory and high demand continue to drive a hot market that saw prices climb 5.6% from the previous year. Here's a look at what you can get in the Southland around that price. LAKE BALBOA:...

  • Downtown L.A.: The hot spot moves, but the rise continues

    Downtown L.A.: The hot spot moves, but the rise continues

    Downtown Los Angeles was once not only the center of the city, it was the entirety of it. Before the city atomized itself and marched — first along the trails blazed by trolley lines and excursion trains, and later along a vast network of freeways — westward toward the sea, Victorian L.A. crouched...

  • Massive memories live in a Borg's great room

    Massive memories live in a Borg's great room

    Jeri Ryan has got to be the only ex-Borg in Encino who lives the French country life. The former "Star Trek: Voyager" actress, who played Borg Seven of Nine from 1997 to 2001 on the popular TV series, owns a sprawling six-bedroom spread that she and husband Christophe Emé designed to resemble a...

  • Elderly Windsor Square Victorian mansion was no wallflower

    Elderly Windsor Square Victorian mansion was no wallflower

    Consider this gabled Victorian a well-traveled dame. Originally built by landholder Isaac Newton Van Nuys — the San Fernando Valley neighborhood is named after him — on a corner in Westlake, the mansion was moved in 1914 by his son, J. Benton Van Nuys, to its current location in Windsor Square....

  • Why more widowed homeowners are struggling to prevent a foreclosure

    Why more widowed homeowners are struggling to prevent a foreclosure

    When Jesus Sequeira's wife, Yadira, died in 2008 from lung cancer, times soon grew tough. Sequeira said his income plunged, leaving him unable to pay the mortgage on the couple's Canyon Country home when payments more than doubled a year later. UPDATE: Bill to help widows stave off foreclosure...

  • Should HOA board sue an ex-director who used association funds for a condo upgrade?

    Should HOA board sue an ex-director who used association funds for a condo upgrade?

    Question: Our association recently elected a new board of directors and audited the association's financials. It obtained proof that one of the former board directors used about $35,000 from association funds to upgrade her condominium. This director still lives here and does not deny receiving...

  • Googleplex architect thrives in the wide, open spaces

    Googleplex architect thrives in the wide, open spaces

    Architect Clive Wilkinson's most famous work became known as the Googleplex. His own home also has a moniker, at least among his friends: Club Clive. This is Palm Springs living in West Hollywood. A place for smaller dinner parties "and much more crazy ones," he said. This is a party house — and...

  • L.A.'s luxury market shows signs of life

    L.A.'s luxury market shows signs of life

    After slow sales to start the year, the market for L.A.'s high-end homes may finally be picking up steam. Recent sales have included a pair of $20-million-plus deals and a high-water transaction in Venice. Here's a look at the most expensive homes sold in the last two weeks. $23 million — Beverly...

  • Pro photographers labor to show properties in a better light

    Pro photographers labor to show properties in a better light

    Listing your home? It pays to hire a pro photographer. Everyone seems to be a shutterbug these days, but grainy smartphone pics just don't cut it when it comes to producing eye-catching images that attract prospective buyers. "I've had clients tell me, 'I've got an iPhone 6,' and I have to stop...

  • 'Thor's' Chris Hemsworth keeps the myth alive in Malibu

    'Thor's' Chris Hemsworth keeps the myth alive in Malibu

    Bicoastal actors Chris Hemsworth and Elsa Pataky, who call Australia home, have swung a pair of deals in Malibu, selling their house for $7 million and buying another property nearby for $3.45 million. On the sale side, the couple saw a solid return on investment in the deal for their Point Dume-area...

  • Old and young get along famously at Big Daddy's Antiques

    Old and young get along famously at Big Daddy's Antiques

    Forget teacups and doilies — Big Daddy's Antiques has been redefining what's cool, collectible and vintage for 15 years. Even though the Culver City store sells old stuff, it appeals to a high-profile young clientele: Bruno Mars, Harry Styles and Kourtney and Khloe Kardashian are customers, as...

  • UCLA, bustling retail village give Westwood its staying power

    UCLA, bustling retail village give Westwood its staying power

    The first recorded name of the area that would become Westwood was "ranch of the beautiful breezes." After a short-lived incarnation as the town of Sunset, the land was sold in 1922 to the Janss brothers, the two men who would shape Westwood as we know it today. They built the neighborhood from...

  • San Diego County's priciest pads top out at $33.9 million

    San Diego County's priciest pads top out at $33.9 million

    The Los Angeles area isn't the only hotbed of real estate in the Southland. In March, median home prices in San Diego swelled to $478,000, their highest mark in roughly nine years, according to CoreLogic. Here's a look at the most expensive properties publicly listed for sale across all of San...

  • My Favorite Room: Cheryl Burke's pal Leah Remini did dining room makeover

    My Favorite Room: Cheryl Burke's pal Leah Remini did dining room makeover

    Would you trust your bestie to redo your house? Two-time "Dancing With the Stars" champ Cheryl Burke did, and was thrilled with the results. Burke loves to dance, but she didn't always love her L.A. hills home near Studio City. After seven years, she became bored with the house and considered selling...

  • A modern breeze in Malibu

    A modern breeze in Malibu

    Fishing boats and the occasional sea creature passing through the waves of the Pacific form the backdrop for an artificial beach area at this modern showplace in MariSol Malibu, an 80-acre community of 17 estates. Set on a bluff-top acre of what was once Rancho Malibu, the two-story captures an...

  • Anaheim Ducks' Ryan Getzlaf nets $3.75 million in Orange County home sale

    Anaheim Ducks' Ryan Getzlaf nets $3.75 million in Orange County home sale

    Anaheim Ducks center Ryan Getzlaf has sold his home in Tustin for $3.75 million, the priciest transaction in the Orange County community since 2014, property records show. Set on a cul-de-sac in Tustin Ranch Estates, the palm-topped site centers on a Spanish-style home built in 2002. A sports court,...

  • Steve Fifield rides the ups and downs of real estate development

    Steve Fifield rides the ups and downs of real estate development

    The gig: Steve Fifield, 68, is co-founder and principal of Century West Partners, a Los Angeles developer that has nearly 1,500 luxury apartment units under construction across the region. Century West is particular active in Koreatown, a neighborhood awash in new apartments, restaurants and bars....

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