Month: June 2026
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Jamison claws for more rent money in K-Town
Jamison is after more rent money. In an early June complaint, the landlord claimed a tenant at its Koreatown mall, Handhin Pocha, was late on the rent. The family company said the comfort food spot at its City Center on 6th owed $71,250 — and Jamison wanted that, plus $965 per day, starting June 1. …
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Trump National home fetches LA’s priciest contract as transfer taxes remain unanswered question
The same week President Trump declined to sign a bipartisan housing bill passed by Congress, a home in his Trump National community in Rancho Palos Verdes fetched the biggest sale of the week in the L.A. area. Villa Cape Point, a nearly 11,000-square-foot estate at 32040 Cape Point Drive in The Estates at Trump National…
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“Game of Thrones twist”: Last minute deal spikes ballot measure to kill LA mansion tax
First you see a measure to kill L.A.’s controversial mansion tax heading toward the November ballot. Then poof: you don’t. The proposed ballot measure to eliminate Measure ULA and similar real estate transfer taxes across the state was pulled in a last-minute deal in Sacramento in favor of another measure to raise the voter threshold…
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Malibu estate featured in “The O.C.” and “Last Action Hero” listed for $90M
A cliff-top estate in Malibu built by the late developer Ken Harges and featured in television’s “The O.C.” and film’s “Austin Powers” has hit the market for $90 million. The Harges family has listed the 17,700-square-foot Mediterranean-style mansion at 28824 Cliffside Drive, in Point Dume, the Wall Street Journal reported. The longtime home of Harges…
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Ben Belack talks ramping up Serhant’s West Coast expansion
“Owning Manhattan” star Ryan Serhant has been growing his namesake brokerage steadily across the country in recent years, culminating earlier this year in the opening of four California offices in Los Angeles, San Francisco, San Diego and Orange County. To make the California dream a reality, Serhant tapped Ben Belack, formerly of The Agency, to…
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Judge rules in favor of Inglewood in legal dispute with Hollywood Park
City of Inglewood: 1. Stan Kroenke and his SoFi Stadium: 0. The city surrounding the Hollywood Park retail, office residential and stadium complex has prevailed in one of two lawsuits filed by its billionaire developer and owner during what was supposed to have been a triumph during this year’s World Cup tournament, Politico reported. Hollywood…
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Hollywood Hills home built for “Full House” creator lists for $40M
A Beverly Hills investor listed a 20,800-square-foot mansion in the Hollywood Hills built for the creator of the sitcom “Full House” for $39.8 million — twice its last traded price a decade ago. DG Home, led by Dan Gatsby, put the three-story hilltop estate at 1302 Collingwood Place up for sale, according to Mansion Global,…
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Who is Buffy Wicks? Meet the legislator dividing California real estate
Buffy Wicks, the four-term California legislator who ignited a real estate firestorm this week with a proposal to cap transfer taxes statewide, signaled her priorities months ago. “In 2026, I’m interested in attending fewer bill signing ceremonies and more ribbon cuttings,” Wicks wrote in a blog on Nov. 24. Despite authoring 56 bills in the…
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Olson eyes 159 townhomes in Monterey Park
Olson Urban Housing wants to swap offices for 159 townhomes in a new gated community in Monterey Park. The Seal Beach-based unit of Olson Homes has filed plans to build the two- and three-story attached homes on 8 acres at 601 Potrero Grande Drive and 2100 Saturn Street, north of the 60 Freeway, according to…
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Pacific Urban nabs Koreatown multifamily complex for $139M
Pacific Urban Investors picked up a seven-story apartment building in Koreatown for $139 million — $50 million less than it sold for seven years ago. The Palo Alto-based investor bought Next on Sixth, a 398-unit complex at 620 South Virgil Avenue, Bisnow and CoStar News reported. The seller was Chicago-based real estate investment trust Equity…
