Month: January 2025

Former OPI executive Miriam Schaeffer nailed L.A. County’s priciest condo sale in recent years with her $39.1 million penthouse purchase, The Real Deal has learned. Schaeffer’s penthouse buy this month at Century City’s luxury skyscraper The Century marks Los Angeles County’s most expensive condo trade in at least the past three years, according to Zillow…

Sperry and Landmarq Real Estate have teamed up to focus on land sales, hotels and commercial leasing in Orange County, with an affiliate office in Garden Grove. The Irvine-based Sperry, a commercial brokerage specializing in investment land sales, leasing and property management, has partnered with Landmarq, a brokerage and leasing management firm based in Virginia,…

Los Angeles County wants the state to temporarily suspend housing laws in unincorporated areas such as Altadena, so residents can quickly rebuild their homes. Housing advocates say not so fast. County Supervisors Kathryn Barger and Lindsey Horvath introduced a motion to request that Gov. Gavin Newsom temporarily exempt the county from housing laws intended to…

Tariffs on foreign goods imposed by President Donald Trump on Feb. 1 could send the price of lumber and steel in California through the roof. California’s building industry has warned of pricing disruptions to construction materials should the Trump administration order the 25 percent tariffs proposed on Canada and Mexico, the Los Angeles Daily News…

A Beverly Hills Flats pad to the stars has made its way onto the market for the first time in more than 70 years. The Gloria Vanderbilt estate — named after the late fashion designer and socialite who once leased the property — is listed at $16.5 million for the six-bed, five-bath home. It was…

A Beverly Hills manse that once hosted a fundraiser for Al Gore’s presidential campaign has traded for $17 million, The Real Deal has learned. The seller of 702 North Sierra Drive was David Salzman, a TV executive whose resume includes president of Lorimar-Telepictures, the production firm behind “Dallas” and “Full House.” He was also part…

Los Angeles hit pause on legislation that could revive pandemic-era emergency tenant protections in the wake of this month’s wildfires, but City Council members stopped short of striking it down Wednesday. Tenants surrounded Councilmember Eunisses Hernandez on the steps of City Hall Wednesday morning urging the council to vote “yes” on the motion Hernandez introduced…

California Attorney General Rob Bonta wasn’t just talking when he warned price gougers earlier this month “we see you” as his office cracks down on opportunists. Bonta’s office filed a misdemeanor complaint of price gouging against a second Los Angeles-area agent Tuesday, less than a week after filing a first complaint against another agent. The…

Jamshid Zaman wants to build a 24-unit apartment complex in Beverly Hills. Zaman, whose limited liability company is based in the city, has filed plans to build the six-story building at 8800 Burton Way, Urbanize Los Angeles reported. It would replace a rental car lot. The project is slated for review by the Beverly Hills…

Calling all real estate agents from the South Bay to the OC! Needed: a nifty home to replace a burned out hulk from the wildfires around L.A. Refugees from the Los Angeles County wildfires that destroyed nearly 16,300 structures are scrambling to find housing in untouched Orange County, the South Bay and neighborhoods surrounding ashen…