From left: Governor Gavin Newsom, Assemblymember David Chiu, Senator Holly Mitchell, and Senator Nancy Skinner (Credit: Getty Images) California lawmakers have less than a month to vote on stronger statewide rent control and other tenant protections before this legislative session ends, and as property owners continue to voice their opposition. Although housing advocates are working […]
Homebuilder Toll Brothers looks to higher-earning millennials amid down Q3 results
Douglas Yearley of Toll Brothers UPDATED Wednesday August 21, 2019, 4:07 p.m.: Amid a softening luxury market, homebuilder Toll Brothers is developing lower-priced properties as it reaches out to higher-earning millennials. But the company is still enduring a difficult period, and its third quarter results released Wednesday saw a nearly 25 percent drop in net […]
Dr. Dre’s Woodland Hills mansion sells fast, but at a discount
Dr. Dre and his now-former Woodland Hills home (Credit: Getty Images, iStock, Realtor) Music mogul Dr. Dre has made a quick sale on his Woodland Hills mansion — complete with huge fish tank and saltwater pool — but the deal came at a discount. The 54-year-old founder of Aftermath Entertainment and Beats Electronics unloaded the […]
Reseda says planned homeless shelter will push down property values, Dr. Dre sells Woodland Hills home for a loss: Daily digest
Every day, The Real Deal rounds up Los Angeles’ biggest real estate news. We update this page at 9 a.m. and 4 p.m. ET. Please send any tips or deals to tips@therealdeal.com This page was last updated at 9 a.m. Reseda pushes back on L.A.’s homeless shelter plan. The neighborhood council opposes building shelters […]
Here are the priciest resi listings in LA County last week, “fortress” included
Clockwise from left: 145 North Mapleton Drive, 8408 Hillside Avenue, 10372 West Sunset Boulevard, 9641 Royalton Drive, and 2496 Lancelot Lane The top five homes that hit the market last week in Los Angeles County are selling for nearly double the total from the previous week. Combined, they added up to $152.9 million. The most […]
The Mountain of Beverly Hills goes for a molehill
The Mountain, whose owner owes the estate of the late Mark Hughes $200 million, photo above (Credit: Realtor, Wikipedia, iStock) The Mountain of Beverly Hills, which hit the market last year with a bang for a record $1 billion, has fizzled out, selling for just $100,000 at a foreclosure auction. The buyer and only bidder […]