Malibu Home to the Most Expensive Neighborhoods in L.A. Area
Key Takeaways: Malibu Colony Beach remains the most expensive neighborhood in L.A. Region Beverly Hills Gateway takes second spot with $9.6 million median sale price 5 neighborhoods in the L.A. area posted medians above the $5 million mark Carbon Beach is the location of #1 most expensive home ever sold in L.A. Region Featuring two…
The Most Expensive Homes Ever Sold in California
Regularly ranking among the 10 largest GDPs globally, and boasting easy connectivity and endless lifestyle options, California is an attractive real estate market for global investors, especially on the upper end of the spectrum. The flow of foreign money into L.A.’s luxury real estate market became more pronounced after the 2008 housing crash, especially from…
EQ Office Partners with Industrious for New LA Employee-Oriented Workspace
EQ Office, formerly known as Equity Office, has undergone a major rebranding effort and is now partnering with Industrious to create an employee-oriented workspace at the Howard Hughes Center in Los Angeles. The collaboration is the first of its kind, a unique partnership between a real estate owner and a flex operator. The six-building, 1.4…
How Much Did Home Prices Increase in LA County since the Downturn?
Was buying a home 10 years ago in the City of Angels a good investment? We recently asked the same question about New York City and did a study on that, but this time around, we decided to shift our attention to the West Coast, specifically to L.A. County. Although very different markets, NYC and…
South Korean Gaming Giant Makes the Move to Downtown LA
Netmarble, a South Korean game publishing company, has decided to move its California offices from Orange County to Downtown Los Angeles. The mobile gaming giant recently signed a five-year lease at 600 Wilshire Blvd. in the city’s Financial District. The new 14,000-square-foot Los Angeles office space on the 11th floor of the 17-story skyscraper will…
Home Prices in LA County Are 69% Higher Than 5 Years Ago
Key Takeaways: Home prices have increased for 5 consecutive years at an average annual rate of 11% Real estate in the county is now 66% more expensive than 5 years ago Price per square foot reached $389 — 69% higher than 5 years ago Manhattan Beach has the most expensive median price per square foot…
California’s New Renting Trends Are Set to Change the Multifamily Industry’s Focus
Renting trends have taken a new turn during the last decade with more and more people shifting from owning a home to renting one. This is happening due to the constant rise in house prices, tight credit rules or possibly simply out of sheer convenience. And it’s not just the number of renters that has…
Market Report – LA, OC Office Sales Gain Traction in Q2
Los Angeles Q2 Office Sales Reach $2B—Again The California office market had a strong second quarter. Data compiled by our sister company CommercialCafé showed that office sales volume for the Los Angeles and Orange County markets was the best Q2 volume in the past five years. The Los Angeles office market closed the second quarter…
Top 50 Most Expensive Neighborhoods in LA County
Key Takeaways: L.A. County’s most expensive place to call home is Malibu Colony Beach Beverly Hills’ exclusive Trousdale Estates lands the second spot 6 neighborhoods in the top 50 boast median sale prices above the $5M mark There seems to be no shortage of news related to California’s high housing prices and tight real estate…
Top Most Expensive Homes Sold in L.A. County in 2016
This Year, the $100-Million Home Sale Finally Happened in L.A. County 2016 brought the biggest home sale ever recorded on the L.A. market, hitting the $100 million mark. What’s more, two different homes traded for this amount, sharing the top spot on our list of most expensive homes. The first $100-million sale on our list is the…
These 4 Billionaires Are Rich Enough to Buy LA’s Most Exclusive Areas
The world’s top 4 billionaires could afford to buy all of LA’s most exclusive areas Malibu, Venice, Santa Monica, Beverly Hills or Bel Air. When it comes to the world of real estate, these names instantly make everyone think of beach-front mansions owned and made famous by celebrities. And, if you’re anything like us, you’ve…
The Largest Rental Projects to Hit L.A. in 2015
Scientists are working tirelessly on new technologies that help reduce our carbon footprint. Our buildings—especially the larger ones—have a lot of room for improvement, and where else would it be more pressing to lighten the load on Mother Earth than in a crowded city like L.A.? Developers realized this a long time ago, but the efforts…
Median Sale Price Reaches 8-Year High in Los Angeles County
The median sale price in L.A. county reached $485,000 in the second quarter of 2015, a peak which was last seen 8 years ago (in Q4 2007), shortly before the onset of the financial crisis. Compared to Q1 2015, the price represents a 7% increase while compared to the same quarter last year it’s a 9%…
Zoom In: L.A. County Zoning Map Shows What You Can Build and Where in Los Angeles
If you’ve ever built in Los Angeles County, you probably know that one of the main challenges you may be facing at the beginning is not knowing where the best areas for development are. While there are many resources out there which provide specific information at the local level, researching each of them can be very time consuming. That’s why it would be…
L.A. Median Home Price Climbs to $475,000 in May, the Highest Value This Year
After three consecutive years of growth, the L.A. housing market has gotten even hotter in the first months of this year. Both home prices and sales went up in May, although at a slower pace compared to the previous months. As you can see in the table below, the median home sale price in May reached a peak value of $475,000, slightly up from…
Zoom In: Crime Incidents in Los Angeles
Are you considering a property in Los Angeles and would like to know how safe the area is? Run a quick neighborhood crime analysis with the help of our Los Angeles Crime Map and find out what crime incidents took place in the area of your interest last month. And just so you don’t think that Los Angeles…
Los Angeles’ Skyline Sees Impressive Changes (2007 and Now)
Has Los Angeles‘ skyline changed a lot since 2007? Judging from the before-and-after slideshows published by our colleagues at RENTCafé, there’s been quite a lot going on in terms of development in California’s largest city. Here’s how two of the downtown areas which have seen the most impressive changes looked back in 2007/2008 and how they look right now:…
L.A. Housing Market Heating Up in 2014, Median Price at Five-Year High
The Los Angeles residential real estate market boasted strong sales volumes and rising sale prices in 2014, mainly fueled by increased demand, low inventory levels, and consistent job growth. Median home prices have gone up 11% over the past year, making 2014 the third consecutive year of growth for the local real estate market. Median price…
Most Expensive Homes Sold in Los Angeles in 2014
For those who can afford the ultra-luxurious homes set in lush locations like Bel Air, Beverly Hills, Malibu, and Brentwood Park, the options are endless: posh estates, luxury villas, properties with expansive grounds, immaculate interiors, and first-rate amenities. Surprisingly, Los Angeles’ priciest homes of 2014 weren’t clustered in Bel Air or Beverly Hills. Most of the…
Top 10 Most Expensive Places to Live in Los Angeles, Home of the Rich and Famous
Los Angeles may be known for its warm climate and its miles of beautiful coastlines interlaced with mountains ranges, but the city is also known for its unique system of “eighty-eight cities within a city.” These communities, from Santa Monica and Silverlake to Studio City and Beverly Hills, are full of real estate options, from…
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