A Bel-Air estate owned by a trust tied to local philanthropists served as last week’s top home that went into contract, with a $34.8 million asking price.  That’s according to a report from Douglas Elliman’s Eklund Gomes team, which compiles a roundup of Los Angeles County signed contracts based on

A Dallas-based homebuilder with a growing Texas presence will be acquired by the New Home Company in a $1.2 billion all-cash transaction. Irvine, California–based New Home is acquiring Landsea Homes at $11.30 per share, the Orange County Business Journal reported. New Home’s majority shareholder is Apollo Global Management, which also

A 25,000-square-foot mansion in Bel-Air owned by the late Quincy Jones has hit the market for nearly $60 million. The longtime estate of the Grammy-winning record producer and composer behind Michael Jackson’s “Thriller” is up for sale at 1101 Bel Air Place, in Lower Bel-Air, according to The Wall Street

The mystery buyer that paid $50.9 million for a 102,300-square-foot distribution warehouse in Lake Forest last month has been identified as a unit of France-based Engie. An affiliate tied to Engie Resources engine supplier bought the two-story industrial building at 20 Icon, in Foothill Ranch, the Orange County Business Journal

President Donald Trump has sided with military veterans in their battle to force the U.S. Department of Veterans Affairs to build homeless housing at its West Los Angeles campus. The president signed an executive order directing the VA to create a center for homeless veterans with up to 6,000 homes

Carolwood Estates is pooling its more than $1.3 billion in off-market listings into a new platform it hopes will give it a leg up on Los Angeles’ ultra-competitive high end.   The Carolwood Private Portal connects the company’s signed off-market listings with prospective buyers. It also pools current market information to

Palisades and Eaton fire victims are getting some unique temporary housing thanks to some local prefab construction companies.  Firms like Plant Prefab, Azure Printed Homes and Ark Container Homes have stepped in to help fill the gap for much-needed living structures in the burn zones, the Los Angeles Times reported. 

A former Farmer John meat processing plant in Vernon will continue its Dodger legacy with a new tenant to crank out jerky. Archer, the Los Angeles-based snack maker behind the Dodgers’ official jerky products, has occupied the 350,500-square-foot manufacturing building at 3049, 3095 and 3163 East Vernon Avenue after outgrowing

More and more borrowers are handing over the keys to their distressed buildings, according to panelists at the IMN Distressed CRE West Forum in San Francisco this week, leaving their lenders with no court fight to foreclose but often a “pretty messy” clean up job filled with potential pitfalls and

Los Angeles County wants to hasten the rebuilding of Altadena after this year’s devastating wildfires by allowing developers to self-certify home building plans. The Los Angeles County Board of Supervisors voted to approve a pilot program that allows licensed professionals to certify that home construction plans meet county building codes,