Real Estate

Real estate losses from the Palisades and Eaton fires could top $30 billion, and government agencies that receive revenue from taxes stand to lose $61 million or more annually while homes are being rebuilt, a Times analysis shows. The analysis, comparing Cal Fire’s assessments of buildings destroyed and damaged with Los Angeles County Assessor parcel […]

By summer 2023, developers had pitched building nearly 2,400 new apartments for low- and moderate-income residents in the San Fernando Valley, where little such housing exists compared with much of Los Angeles. The plans would not require public subsidy, unusual for low-income housing, and were proposed under Mayor Karen Bass’ signature initiative to promote growth

Can prefab homes accelerate the rebuilding of Altadena and Pacific Palisades? The new foundation launched by Rick Caruso is hoping they will, announcing on Wednesday a $15-million pledge from an Airbnb co-founder to provide nearly 100 prefabricated homes in communities ravaged by wildfire. The donation from Joe Gebbia, who is also a member of Tesla’s

Tenants in L.A. County reeling financially from the January wildfires could be protected from eviction for the next six months. The L.A. County Board of Supervisors considered a proposal Tuesday to temporarily bar landlords from evicting renters who have taken a significant financial hit from the fires. The motion, put forward by Supervisor Lindsey Horvath,

Gov. Gavin Newsom on Wednesday proposed a multimillion-dollar mortgage relief package for victims of recent natural disasters, including the fires that swept through Los Angeles County last month. Under the plan, which must be approved by a state board, more than $100 million would be available in direct relief for people at risk of foreclosure.

People who toil on the Universal Studios lot out of the public eye recently got an upgrade to their workplace meant to bring it more in line with its glamorous image as a historic movie factory and theme park known to the world. The old campus was so uninspired and bland that wags compared it

Four years before the Palisades and Eaton fires ravaged L.A., Irvine braced for a blaze of its own. A bone-dry summer left the landscape parched and primed to ignite as Santa Ana winds roared through the region at 80 mph. On the morning of Oct. 26, 2020, the Silverado fire erupted. Firefighters deployed. The city

The Palisades and Eaton fires represent thousands of personal tragedies, but they also constitute a collective disaster, adding new housing shortages to California’s already massive shortfall — a catastrophe that stems not from acts of nature but from human policy blunders. Gov. Gavin Newsom bought a new $9-million house in November, but too many of

Southern California home prices fell slightly in January, as high mortgage rates continued to weigh on prospective buyers. The average home price in the six-county region declined 0.4% from December to $862,115 in January, according to Zillow, marking the sixth consecutive month of declines. Prices are now 1.9% off their all-time high in July, but

It has been more than a month since the harrowing wildfire swept through Pacific Palisades, and Marc Hara knows he should be grateful. After all, he and his fiancée managed to escape the blaze that leveled their condominium complex. But Hara, who is living at a relative’s house, is far from sanguine about his future.