A local residential developer may not have gotten what it originally hoped for in the sale of its Malibu residence, but still walks away with more than double what it paid for the property in 2022. TriWest Development, a Hermosa Beach-based luxury residential developer, sold 29130 Cliffside Drive for $49.8 million on June 30, touting the deal as its latest sale. Cliffside Drive joins more than 200 properties TriWest has built and sold to date with the Hermosa Beach-based developer focused mostly on investing in Los Angeles County’s coastal high end. The majority of TriWest’s projects under construction are in […]
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