by Jen Case | Nov 1, 2019 | Los Angeles Real Estate and Appraisal News
The $2.5 billion Century Plaza development is finally set to be completed in the spring of 2021. The project is centered around the landmark crescent-shaped hotel that has hosted rock stars and presidents since the 1960s. The fate of the property has been uncertain...
by Greg Wasik | Jul 5, 2019 | Los Angeles Real Estate and Appraisal News
After an extended period of time where the maximum rent increase for rent controlled apartments has been 3%, starting July 2019 the increase will be 4% as the allowable increase is tied to inflation which has risen slightly recently. [Note – if your landlord...
by Jen Case | Jun 29, 2019 | Los Angeles Real Estate and Appraisal News
An approximately 258 acre tract of land at the edge of Bel-Air, Senderos Canyon, came on the market in 2013 for $125 million. Following three years without any serious offers, the owner has heavily reduced the price this month by 40% for a new price tag of $75...
by Greg Wasik | Jun 28, 2019 | Los Angeles Real Estate and Appraisal News
NBA All-Star Kevin Durant has just sold his beachfront home in Malibu for $12.15 million. He only had the house for one year purchasing it in 2018 for $12.05 million. The home contains 5,136 SF of space and features direct beach access. The multi-story home also...
by Greg Wasik | Jun 25, 2019 | Los Angeles Real Estate and Appraisal News
Continuing the recent development along Wilshire Boulevard in the Mid-Wilshire area comes news that the family of Walter N. Marks who owns the site currently development with a Staples, plans to demolish the single-story retail store and construct a $400 million high...
by Greg Wasik | May 14, 2019 | Los Angeles Real Estate and Appraisal News
Zillow has announced that its ‘Zillow Offers’ home buying service where they will make an offer to buy your home or condo, sight unseen, is expanding to the LA market. The makes for the largest metro area to date Zillow will offer this service. By using...
by Christine Nguyen | May 13, 2019 | Los Angeles Real Estate and Appraisal News
For the first time since 2012, the usually sizzling hot Southern California housing market is showing a downshift marked by the slight dip in median home prices in March from a year earlier. The 0.1% drop, reported by CoreLogic who tracks housing data, showed that...
by Greg Wasik | Apr 26, 2019 | Los Angeles Real Estate and Appraisal News
This week, major LA luxury home developer Bruce Makowsky took the step of suing Zillow for $60 million over a made up sale price for his 9-figure listing in Bel Air. Makowsky’s home, currently listed for $150 million, was shown on Zillow’s website as an...
by Greg Wasik | Mar 7, 2019 | Los Angeles Real Estate and Appraisal News
281 Bentley Circle is a 7 Bed/10 Bath stunning single-family home with approximately 20,000 SF of living area. This is definitely one of the more amazing modern homes to hit the market recently in Los Angeles. The wraparound pool reminds one of a 5* resort! Per the...
by Jen Case | Feb 27, 2019 | Los Angeles Real Estate and Appraisal News
Billionaire hedge fund founder of Citadel, Ken Griffin, is adding yet another pricey piece of real estate to his portfolio. Griffin has acquired the most expensive home ever sold in the United States for an estimated $238 million. The New York penthouse in the 220...
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