There has been no shortage of twists, turns and controversy with the years-long development of One Beverly Hills by China-based Dalian Wanda Group. Here's the latest: Wanda now wants to sell One Beverly Hills, in a package deal with four other of its massive worldwide developments, at a cost of $5 billion. One Beverly Hills [...]
6269 Porterdale Drive Malibu, Calif. Enjoy Southern California living at its finest with this masterfully remodeled residence in the idyllic Malibu Winding Way area. Listed for $6,888,000, it comes with six bedrooms, six full baths, one partial bath and 6,795 square-feet of living space. No expense was spared in this home's re-imagining. Reminiscent [...]
Riviera Country Club The Los Angeles Times reports a Santa Monica residence bordering the Riviera Country Club changed hands in a deal outside the Multiple Listing Service for a whopping $41,082,000, which is the highest price ever paid for a home in the city. The Times discovered the sale via public records, and [...]
Rendering of the new Morrison Hotel (Relevant Group photo) The century-old Morrison Hotel in downtown Los Angeles, perhaps best-known for gracing the album cover of The Doors iconic LP “Morrison Hotel” in 1970, will be undergoing a transformation. According to Downtown News, hotel developer Relevant Group will redevelop the 103-year-old building into a [...]
Los Angeles-based real estate professionals seeking professional growth will want to mark their calendars for Sept. 14, as that's the day of the first-ever California Real Estate Showcase and Forum in downtown Los Angeles. The event will include panel discussions on both residential and commercial real estate, featuring some of the most influential professionals in [...]
Rendering of Metropolis in DTLA, one of many new residential developments. The massive influx of new high-end condos going up in downtown Los Angeles has been perhaps THE biggest story in Los Angeles real estate. Billions are being spent on DTLA residential units. New high rises are seemingly popping up everywhere. But is [...]
6269 Porterdale Drive Malibu, Calif. Enjoy the ultimate in beach-close living with this stunning estate in Malibu. Near the idyllic Winding Way area of Malibu, this grand residence features 180-degree panoramic ocean views and comes with six bedrooms, seven baths and 6,795 square-feet of living space. It's listed for $6,888,000. As the listing [...]
Home ownership among Millennials in China is on the rise. The reason? Smartphone apps that makes it much easier for Chinese nationals to purchase homes overseas. According to the Wall St. Journal, apps like Uoolu—which helps buyers open bank accounts and apply for mortgages in other countries—has helped push home ownership to 70% among Chinese [...]
It was an expensive first quarter for the luxury housing market in Los Angeles. According to the appraisal firm MillerSamuel, the median price of a luxury home in Tinsel Town was up a whopping 17% compared to the first three months of 2016. MillerSamuel reports the median price of a single-family luxury home in Los Angeles was $9.7 [...]
(KTGY, Mapletree Investments) Singapore-based Mapletree Investments continued its expansion into the Los Angeles real estate market with the recent purchase of a 201-unit corporate housing complex in downtown Los Angeles. According to RealDeal.com, Mapletree Investments paid $110 million for the brand-new complex at 1001 S. Olive Street in an off-market, all-cash deal. It's [...]