LA real estate

LA real estate

Fancy grocer Erewhon will return to Pacific Palisades in an entirely rebuilt store, as the neighborhood's luxury mall, owned by developer Rick Caruso, undergoes renovations for a reopening next August. Palisades Village has been closed since the Jan. 7 wildfire destroyed much of the neighborhood. The outdoor mall survived the blaze but needed to be refurbished to eliminate contaminants that the fire could have spread, Caruso said.

Michael Anderson was an idealistic young architect-developer when he built six condominium townhomes in the late 1990s in the Leimert Park area of Los Angeles. He hoped to create an ownership option for Black households who are so often left off the real estate ladder. In the weeks leading up to completion and move-in, he checked out the buildings daily.

The Walters | Plaxen with career sales in excess of $1 billion, is the latest big get for Sotheby's, which earlier this year recruited Ernie Carswell from Douglas Elliman. Carswell brought his 15-person team, Ernie Carswell & Associates, to Sotheby's in May with the agent referring to the brokerage in an interview with The Real Deal at the time as being at the top of its ilk, adding my team and myself now want that type of solid track of consistency and longevity.

The first legal brawl ended with Haresh being ordered to pay Rajesh and Chetan a combined $1.5 billion in punitive damages. Rajesh and Chetan also were awarded punitive damages and a 10 percent and six and a half percent stake, respectively, in the multifamily real estate portfolio that was at the center of the case. A total of five Jogani brothers came to Los Angeles from India, and eventually amassed a fortune in real estate and diamonds.

Though he was born and raised in Brooklyn, the comedian favors Los Angeles when it comes to investing in real estate. The talk show host owns properties in the Hollywood Hills, where he maintains a compound comprised of two adjacent homes, and in Hermosa Beach, where he owns an additional pair of properties. If the Jimmy Kimmel Live! host ever decides to add an Italian villa to his real estate portfolio, it won't be too hard: He obtained Italian citizenship earlier this year,

In October, home prices fell slightly from the month before, with a median listing price of $1,237,000. The number of listings on the market remained practically unchanged from last month, but it is a bigger decrease than normal for this time of the year in Los Angeles, and homes are also selling slower than at the same time last year.

We've spent over $1 million improving the site, beautifying it, and I think the neighborhood really enjoys seeing some life [come back] into the property,

"Transit-oriented development should be one of, if not the biggest solution that we're looking at for housing development," said Yonah Freemark, research director at the Urban Institute's Land Use Lab, who has written extensively on the topic. "It takes advantage of all of this money we've spent on transportation infrastructure. If you build the projects and don't build anything around the areas near them, then it's kind of like money thrown down the drain," Freemark said.

The Shreveport-Bossier City metro housing market demonstrated active price discovery mechanisms during the week ending Nov. 7, 2025, with 96 homes absorbed compared to 69 new listings entering the market. This 27-home absorption advantage occurred as 37.5% of the metro's 1,413 active listings showed price reductions, indicating sellers are adjusting expectations to meet buyer demand at the $250,000 median price point.

EY Plaza can't catch a break, or at least its lenders can't. It wasn't enough for a deal to purchase the distressed downtown office tower to fall apart, no, its value also took a hit. It's now worth about $135 million, down about 10 percent from its last valuation, according to Morningstar Credit. That's a significant drop from the $446 million it was once worth. It's becoming more apparent that Adam Rubin and Andrew Shanfeld's Carolwood dodged a bullet when its $130 million deal collapsed.

After five months on the market and a $10 million price cut, billionaire Steve Cohen found a buyer for his Beverly Hills residence. The pending deal comes as the New York Mets owner looks to remake 50 acres of parking into an $8 billion casino complex next to Citi Field in New York. The project, called Metropolitan Park, is vying for a state gaming license.

The Los Angeles metro housing market remains tight, but prices show early signs of softening as new listings come in below current medians. HW Data shows about 1,437 single-family homes sold last week, underscoring steady demand even as affordability remains a challenge. The Market Action Index registered 41.5 last week, signaling firm competition among buyers. HW Data's Market Action Index measures the balance between supply and demand, with values above 30 indicating a seller's market. Supply remains tight.

On an episode of The Kardashians that aired last summer, the reality star shared her triumph in purchasing the stunning property. "This house just really represents to me a lot of the hard work that I've put in, and it's like enjoying the fruits of my labor," she said during a confessional interview. "It's new energy. I am so looking forward to creating so many memories here."

Weingart opened a 19-story, 278-unit tower in Skid Row last year. The project cost $167.7 million, or more than $600,000 per unit. The tower was funded with $32 million of the city's homeless housing bond, a $1.8 million land loan from the City of Los Angeles, $48.7 million in deferrable loans from the California Department of Housing and Community Development, $56.9 million in tax credit equity and $85.3 million in tax-exempt bonds.

The man stood in the middle of the road in decadent Beverly Hills, gawking at one of those only-in-L.A. streetscapes. He was looking at a row of palm trees in linear formation, like soldiers awaiting inspection, lining the road as far as the eye could see. Alongside the Spanish colonial homes, the scene is a picturesque look into wealth, opulence and superfluity that only a select few Angelenos can afford.