Priciest Santa Monica resi listing joins $100M club

Another residential heavyweight has hit the market with the $110 million listing of an estate perched at the Riviera Country Club’s 7th hole. The property at 859 Woodacres Road was designed by the late Howard Backen, known for his work on residenti...

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Legal crackdowns, wildfires cut into LA short-term rentals

Short-term rental registrations across the L.A. region have dipped in what could be a perfect storm preventing the growth of such properties.  From last July to this July, there was a 6 percent decrease in active Home Sharing registrations in th...

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Lender pursues receiver for One California Plaza tower

A lender is pursuing a receiver for ​​the Rising Realty Partners-owned One California Plaza, a 1-million square foot office tower downtown, after it defaulted on $300 million commercial mortgage-backed securities debt and landed in foreclosure.&#...

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Saks mega-project clears key hurdle in Beverly Hills

New York-based Saks Global, parent company of Saks Fifth Avenue, is one step closer to seeing its mixed-use project in Beverly Hills become a reality. Last Thursday, the Beverly Hills City Planning Commission voted in favor of the company’s 3.7-acr...

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Unmasked in Malibu: Buyer of multiple burned lots tied to Mowbray brothers

A company owned by two New Zealander brothers who built their fortune off toys and consumer products is behind the recent purchase of multiple burned lots in Malibu. Nick and Mat Mowbray, who founded Zuru Group, also own development company Zuru Tech...

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