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  • Reverse mortgages have gotten safer and cheaper but aren't for everyone

    Reverse mortgages have gotten safer and cheaper but aren't for everyone

    Dear Liz: I have been making interest-only payments on a home equity line of credit but starting in January the payments will increase to include principle. I would like to do a cash-out refinance of my first mortgage (I owe about $190,000) to pay off the HELOC (on which I owe $140,000). My home...

  • 'Pirates of the Caribbean' star Johnny Depp continues his real estate purge

    'Pirates of the Caribbean' star Johnny Depp continues his real estate purge

    Another day, another real estate move for Johnny Depp. The box-office star, who in summer reprised his role as Captain Jack Sparrow in “Pirates of the Caribbean: Dead Men Tell No Tales,” has divested himself of his fourth penthouse at the Eastern Columbia Building and is readying another property...

  • Hot Property: Fanning out across the nation

    Hot Property: Fanning out across the nation

    Even though Hollywood makes L.A. and environs a celebrity magnet, not all the big real estate action plays out within the City of Angels. This week’s selection includes California deals of note in the O.C. and San Jose. Elsewhere, there’s a horse farm owned by a box-office draw that’s up for auction...

  • A new generation of young home buyers is tiptoeing into the market

    A new generation of young home buyers is tiptoeing into the market

    Newly married and in their mid-20s, San Clemente residents Josh and Kayleigh Hyink were ready for the next step in their “master plan.” So the couple ditched their $1,644 one-bedroom apartment in Orange County and this spring purchased a new $430,000 house in the Riverside County city of Murrieta,...

  • Scott Disick opens up his Hidden Hills bachelor pad for lease

    Scott Disick opens up his Hidden Hills bachelor pad for lease

    Scott Disick is bound and determined to cycle someone new into his Hidden Hills bachelor pad. After buying the two-story Cape Cod-style home for $6 million in January 2016, he quickly put it back on the market six months later. No fish were biting with the home priced at $7.88 million, so the longtime...

  • At $41 million, off-market home sale is Santa Monica's priciest ever

    At $41 million, off-market home sale is Santa Monica's priciest ever

    An off-market deal in Santa Monica not only topped the charts for L.A. County in the month of August but also set a price record for the Westside city. $41,082,000 — Santa Monica In a deal completed outside the Multiple Listing Service, a residence bordering the Riviera Country Club changed hands...

  • DiamondView office tower sells for $207M

    DiamondView office tower sells for $207M

    DiamondView East Village, the 15-story office tower adjacent to Petco Park, has been sold for $207 million in what may be a record price per square foot in the county. Dennis Cruzan, whose company Cruzan bought the 305,255-square-foot building with CIGNA for $121 million in 2012, said the buyer...

  • Zero down payment option available for San Diego

    Zero down payment option available for San Diego

    A mortgage that is as close to zero out of pocket as one can get is available in San Diego County from a Utah-based Native American tribal corporation. Aimed at low-income buyers, the Chenoa Fund has looser requirements than many down payment assistance programs, even as one of the nation’s largest...

  • L.A. Chargers exec lands the Newport Beach home of a 'Real Housewives' star

    L.A. Chargers exec lands the Newport Beach home of a 'Real Housewives' star

    Tom Telesco, general manager of the Los Angeles Chargers, was the buyer of the Newport Beach home recently sold by baseball player-turned-television analyst Jim Edmonds and his wife, “Real Housewives of Orange County” personality Meghan King Edmonds, public records show. The sales price was $2.998...

  • Two downtown highrises sell for $167M. Declining vacancies equal rising prices.

    Two downtown highrises sell for $167M. Declining vacancies equal rising prices.

    Two neighboring downtown high-rises — at one time bank headquarters — have been sold for a combined $167.2 million. Together, the two transactions present a 63.6 percent increase in value over the two prior sales, a reflection of the tightening downtown office market. The 530 B Street building...

  • San Diego median home price drops to $537,750 in July

    San Diego median home price drops to $537,750 in July

    The San Diego median home price cooled slightly in July, ending a three-month streak of record-breaking peaks. The $537,750 median dropped nearly $6,000 from last month but still increased 8.6 percent in a year, CoreLogic reported Tuesday. Experts attribute the high prices to a lack of homes for...

  • California Inc.: A new era dawns as Whole Foods cuts some prices

    California Inc.: A new era dawns as Whole Foods cuts some prices

    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. Traders return to business Monday after learning Friday that orders for long-lasting manufactured...

  • Neighborhood Spotlight: Gardena can be a bargain for those who play their cards right

    Neighborhood Spotlight: Gardena can be a bargain for those who play their cards right

    For observers riding high above Los Angeles in one of the balloons, monoplanes, biplanes or ornithopters that wowed attendees of the 1910 Los Angeles International Air Meet, the eye would have been drawn to a bright patch of green vegetation among the plains of sage. This vibrant oasis, made possible...

  • Jay-Z and Beyoncé put down roots in L.A. with $88-million splash

    Jay-Z and Beyoncé put down roots in L.A. with $88-million splash

    The “will they or won’t they” debate is over: Jay-Z and Beyoncé have finally bought a home in L.A. The rapper/hip-hop magnate and his superstar wife have bought a modern mansion in Bel-Air, according to sources not authorized to comment publicly on the deal. The purchase price was $88 million,...

  • Modern Beverly Hills mansion paces July's top sales at $24.9 million

    Modern Beverly Hills mansion paces July's top sales at $24.9 million

    A high-water sale in Hidden Hills, a former celebrity home in Brentwood and a piece of Bradbury family history were among the priciest real estate transactions in Los Angeles County in July. $24.9 million — Beverly Hills In the 900 block of Hartford Way, a modern mansion on more than half an acre...

  • Jay-Z and Beyoncé land a $52.8-million mortgage for Bel-Air mansion

    Jay-Z and Beyoncé land a $52.8-million mortgage for Bel-Air mansion

    Jay-Z and Beyoncé may be worth more than a billion dollars combined, but the couple ultimately used conventional financing in order to purchase their first Los Angeles-area home. The rapper/hip-hop magnate and his superstar wife, through blind trusts, paid $88 million for the sprawling contemporary...

  • Maroon 5's Adam Levine falls for a new spot on the Westside

    Maroon 5's Adam Levine falls for a new spot on the Westside

    Adam Levine won’t be coming home to Beverly Crest anymore. The Maroon 5 frontman and his wife, model Behati Prinsloo, have purchased an estate in Holmby Hills for $18 million. Designed by architect Caspar Ehmcke and built in 1966, the French Regency-style home sits on more than an acre of grounds...

  • Hot Property: Hits and misses

    Hot Property: Hits and misses

    Not everyone blasts it out of the park when it comes to making a profit on a home sale. The cyclical nature of the housing market and having overpaid in the first place are among factors that can leave some sellers upside-down on a property. This week’s offerings include a rapper who has had plenty...

  • USC's massive campus addition features student housing — and Trader Joe's and Target open to the community

    USC's massive campus addition features student housing — and Trader Joe's and Target open to the community

    USC Village, the largest development in the school’s history, officially opens Thursday as the university strives to house more students on campus — and broaden its connection to its South Los Angeles neighborhood. The $700-million project spans 15 acres, has beds for 2,500 undergraduates and features...

  • Hot Property: Outta this world

    Hot Property: Outta this world

    It’s not every week one reports on a $350-million home listing. In fact, this is the first time we’ve ever been able to do that. Chartwell, the estate of late Univision chairman Jerrold Perenchio, has come on the market as the most expensive residential listing in the U.S. Set on 10 acres in Bel-Air,...

  • Lender takes possession of Park Hyatt Aviara

    Lender takes possession of Park Hyatt Aviara

    Carlsbad’s luxury resort, Park Hyatt Aviara, has been taken over by its lender following a years-long struggle by its previous owners to repay debt that was coming due. Although the transfer of ownership was recorded in early June, there was no formal announcement nor publicity surrounding the...

  • Single-family rental rivals Invitation Homes and Starwood Waypoint Homes to merge

    Single-family rental rivals Invitation Homes and Starwood Waypoint Homes to merge

    Two of the nation’s largest owners of single-family rental houses announced Thursday they are merging, creating a behemoth rental company with a major presence in Southern California. The deal between Invitation Homes and Starwood Waypoint Homes comes as home prices have risen across the country...

  • San Diego homeownership slips further out of reach

    San Diego homeownership slips further out of reach

    San Diego was one of the most expensive regions for home buyers in California in the second quarter of this year, with just 26 percent able to comfortably purchase the median-priced house, said a report from the California Association of Realtors released Wednesday. The Realtor organization calculates...

  • The last frontier of homeownership?

    The last frontier of homeownership?

    There comes a time for most San Diego couples when they get sick of renting and, for the Whites, it came around the 40th birthday mark. Shawna White, 40, spent countless hours researching a place she and her husband Nathan, 39, could afford that wouldn’t break the bank. In addition to getting away...

  • Kylie Jenner gives her real estate portfolio a makeover

    Kylie Jenner gives her real estate portfolio a makeover

    After going on a real estate shopping spree over the last two years, Kylie Jenner of “Keeping Up With the Kardashians” has switched into sell mode. The 19-year-old reality television star recently parted with a home in Calabasas for $3.15 million and now has one of her three homes in Hidden Hills...

  • Hot Property: Wait for it

    Hot Property: Wait for it

    The big real estate news out of Los Angeles is that rapper-magnate Jay-Z and superstar wife Beyoncé are in escrow to buy a mansion for $90 million. Their pick of Westside neighborhoods after years of house-hunting? Bel-Air. We’ll be sure to let you know as soon as they have the keys to the newly...

  • Maroon 5’s Adam Levine buys Holmby Hills estate for $18 million

    Maroon 5’s Adam Levine buys Holmby Hills estate for $18 million

    Adam Levine of Maroon 5 has bought an estate in Holmby Hills for $18 million, according to real estate sources not authorized to comment on the deal. Designed by architect Caspar Ehmcke and built in 1966, the French Regency-style home sits on more than an acre of grounds that abut the Los Angeles...

  • This Holmby Hills estate sold last year for $90 million. Now it's back at $180 million

    This Holmby Hills estate sold last year for $90 million. Now it's back at $180 million

    Just 10 months after being sold for $90 million, making it the second-largest sale ever in Los Angeles County at the time, the historic Owlwood estate has returned to the market for double the price. The 10-acre Holmby Hills property features a 12,000-square-foot 1936 Tuscan-style mansion designed...

  • If you refinance a mortgage, when will you break even?

    If you refinance a mortgage, when will you break even?

    Part of the process of deciding whether to refinance your mortgage is figuring out when you would break even. Without knowing that, you may be shocked to learn that it could be years before you start saving money. Look, this isn’t going to require IBM’s Watson to calculate. In fact, you just took...

  • Deductions aren’t the only way to save on real estate taxes

    Deductions aren’t the only way to save on real estate taxes

    The mortgage interest deduction and the state and local property tax deduction are probably the best-known tax incentives for homeownership and real estate investment. That’s no surprise. Roughly 9 out of 10 home buyers borrow money to buy a home, meaning they likely pay some form of mortgage interest....

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