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Month: January 2025

“Disaster capitalism”: As LA fires rage, vultures circle the ashes

The Palisades Fire was still careening up the California coast when a Miami broker took to X to sound the alarm: the vultures were circling.  The agent, Hugo Cardona, said his good friend had lost his Pacific Palisades home to the ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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Orange County home prices jump 7.7%, highest gains in the nation

The price of homes in Orange County has shot up faster than anywhere in the nation. The overall cost of a single-family home jumped 7.7 percent over the past year, as OC led the nation in gains among the top 30 metropolitan areas, ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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“Revolt and protest”: Grant Cardone calls for lawsuits over LA fires

Just hours after Grant Cardone called on Gov. Gavin Newsom to resign over his handling of the Los Angeles wildfires, the litigious head of Cardone Capital rallied his followers on social media to take legal action against the governor, ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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Historic Thelma Todd building survives fury of the Palisades Fire

The nearly century-old location of the former Thelma Todd’s Sidewalk Café has defeated the odds and is still standing at 17575 Pacific Coast Highway in Pacific Palisades, surrounded by homes reduced to ash, according to landlord Robert ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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Commercial properties exposed to LA wildfires worth at least $2.6B

The Los Angeles wildfires have laid waste to celebrities’ Malibu mansions and Pacific Palisades homes in the thousands.  But there are also $2.6 billion worth of commercial properties in the path of destruction, according to an ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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Mutual aid replaces dealmaking as LA resi responds to firestorm

Arvin Haddad’s 75-year-old aunt covered her face to cry as she saw her home burned and reduced to rubble from the Palisades Fire. Damages from fires that rocked Los Angeles County – the largest in the Pacific Palisades – have yet to be ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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Will LA’s firestorms imperil the home insurance market?

Fires tearing through Los Angeles County have raised new fears about the cost and availability of home insurance. After years of soaring rates, policy cancellations and insurer exits from the California market, some expect the fires ...

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  • 09 Jan
  • The Real Deal
  • Uncategorized
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Caruso, Cardone blast Bass, Democrats as LA fires turn political

Flames from the Palisades Fire were still licking the real estate around Rick Caruso’s shopping center when the developer called into his local Fox station to lay blame on Mayor Karen Bass. “There’s no water coming out of the fire ...

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  • 09 Jan
  • The Real Deal
  • Uncategorized
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Airbnb offers free rooms, hotels give discounts to LA wildfire evacuees 

As tens of thousands seek shelter from the wildfires ravaging Los Angeles, the short-term rental site Airbnb has made free rooms available to evacuees and major hotels are extending discounted rates to displaced residents.  Those ...

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  • 09 Jan
  • The Real Deal
  • Uncategorized
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Material Comforts pays $85M for San Fernando Valley apartment portfolio

Material Comforts has bought a portfolio of 16 apartment complexes in the San Fernando Valley for $85 million. The Florida-based investor led by Sholom Coleman purchased the nearly 596 apartments in Van Nuys, North Hills, Panorama City ...

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  • 09 Jan
  • The Real Deal
  • Uncategorized
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