Real Estate

Real Estate, a category that contains news about some few things such as buying, selling and rent real estate as well as the market and trends in the industry

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Voters just passed L.A. County's most important government reform in decades

Supporters of Measure G declared victory this week, eking out a win with roughly 51% support. While the Los Angeles County charter changes didn’t get as much attention as other high-profile measures on the ballot, make no mistake: This wonky governance reform package may be the most transformative decision county voters have made in decades. […]

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John Mayer and producer McG set to buy historic Jim Henson studio lot in Hollywood

John Mayer and movie director McG have agreed to buy the Jim Henson Company Lot, a legendary studio in Hollywood founded by Charlie Chaplin. Singer-songwriter Mayer occupies an office on the lot and has been working for months to buy it from the family of the famed Muppets creator, according to a real estate industry

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Bay Area voters move right in election, sending clear message on crime and homelessness

SAN FRANCISCO —  For decades, the Bay Area has been celebrated — and sometimes mocked — as a progressive beacon, a proud throwback to hippie-era values with its embrace of love and tolerance. But in the Nov. 5 election, voters across the region made it clear there are limits to their compassion. Motivated by pent-up frustrations

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'Why us?': Housing nonprofits are paying millions in 'mansion tax'

Since the “mansion tax” took effect last April, a bevy of groups have aired their grievances. Developers claim the tax eats into their profit margins, stifling new housing projects. Commercial property owners say their sales of warehouses and retail spaces shouldn’t be subject to something that was billed as a “mansion tax.” Now, a new

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U.S. appeals court stops work on modular shelters on the VA's West L.A. campus

The U.S. 9th Circuit Court of appeals has issued an emergency stay stopping work on the installation of more than 100 units of modular housing on the U.S. Department of Veterans Affairs West Los Angeles campus. The stay blocks purchase of the modular units and prohibits a development team assembled by U.S. District Judge David

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Closure of Phillips 66 refinery in South Bay has developers licking their lips

The South Bay is in for a large-scale transformation near the Port of Los Angeles as Phillips 66 shuts down its sprawling refineries and makes way for developers to reimagine the prime real estate. Potential replacements for the century-old refinery complex covering 650 acres include housing and last-mile distribution centers for e-commerce merchants, both of

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Proposition 5 ballot measure to make it easier to fund affordable housing fails

A ballot measure that would have made it easier to finance affordable housing and other public projects in California has failed. Proposition 5 was trailing 56% to 44% as of Friday afternoon, a 1.3-million vote margin, according to tallies from the Secretary of State’s office. The measure would have decreased the approval threshold for local

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Arizona voters back homeless crackdown. Will other states follow?

Arizona voters have approved a first-in-the-nation ballot initiative intended to force local police to crack down harder on homeless encampments. The statewide initiative — which was leading 58% to 42% as of Thursday afternoon — is designed to give tax rebates to property owners if they can prove monetary damages resulting from the local government’s

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Levi's heir and political outsider Daniel Lurie wins San Francisco mayor's race

SAN FRANCISCO —  Philanthropist and Levi’s heir Daniel Lurie has won the hard-fought race for San Francisco mayor, ushering in a new era of leadership for a city whose voters made clear they are fed up with brazen retail theft and sprawling tent cities. It took two days to determine a winner under San Francisco’s ranked-choice

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L.A. County to buy downtown skyscraper for new HQ despite a "hell no" from Hahn

The Los Angeles County Board of Supervisors on Wednesday approved the county’s purchase of the Gas Company Tower, one of downtown L.A.’s most prominent skyscrapers, paving the way for the transfer of thousands of workers and public services out of the city’s civic center. With a 4-1 vote, the supervisors gave county officials the final

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