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L.A. Times - Real Estate News

Is San Diego County done building single-family homes?
If you are looking to buy a new single-family home this year, San Diego County might be a tough place to do it. Early estimates for the number of single-family homes coming out for sale this year are around 800, fewer than roughly 940 last year and 1,500 in 2017 and 2016. It reflects a trend of...
US Bank Tower, once the West?s tallest building, goes on the block
US Bank Tower in downtown Los Angeles, the tallest skyscraper in the West for decades, is on the block as its Singaporean owners test the limits of the city?s burgeoning real estate investment market. Standing 72 stories on Bunker Hill, the building holds a prominent position in business and in...
Hot Property: Movie mogul Jeffrey Katzenberg gives up high ground in Utah
On a scenic mountainside in Utah, the 14,100-square-foot vacation home of movie magnate Jeffrey Katzenberg has sold for $11.6 million. The longtime Disney executive, who co-founded DreamWorks SKG in 1994, first listed the property seven years ago for $20.5 million, records show. Set on 1.57 acres...
Hot Property Newsletter: Revving back up?
Traditional real estate thinking is that the housing market holiday stall lasts until the Super Bowl. But there?s still turnover in the meantime. This week?s offerings include places with ties to the music world, film history and the sports scene. Our Home of the Week in Alhambra struts its English...
On Carbon Beach, a compound with 100 feet of water frontage lists for $35 million
The sands of Carbon Beach are among the most exclusive in California. Listings don?t pop up often, but when they do, they often fetch a fortune. Over the last few years, home sales in the enclave have flirted with and broken the $100-million mark. The latest to hit the market, a contemporary compound...
As China?s economy gets the chills, some California firms catch a cold
Apple Inc. isn?t the only California company with a China problem. From Barbie dolls to bottles of Merlot, the slowdown in China?s massive economy and the U.S.-China trade dispute are impeding sales growth for some other California companies doing business in China, serving Chinese tourists or...
California has 70% of the nation?s priciest ZIP codes when it comes to home sales
For the third consecutive year, California was legions ahead of the rest of the country in terms of priciest ZIP codes for home sales in 2018. California ZIP codes held 82 of the 117 most expensive spots, or roughly 70% of the list. The data, compiled by real estate database PropertyShark, analyzed...
Hot Property: An oceanfront score for Dallas Mavericks owner Mark Cuban
Mark Cuban, the billionaire, television personality and owner of the Dallas Mavericks basketball franchise, has a new vacation spot to spend his off seasons. He?s paid $19 million for a home in Laguna Beach. The contemporary-style home is found within Montage, a resort community that overlooks...
Manhattan home prices fall under $1 million as sellers cut deals
Manhattan home prices fell in the fourth quarter, with the median slipping to less than $1 million for the first time in three years. Ample inventory continued to allow buyers to demand sweeter deals. Condo and co-op prices declined to $999,000 in the three months through December, a drop of 5.8%...
Cher sells home in the Beverly Hills Post Office area for about $2.07 million
It appears Cher found someone in the housing market ? to borrow from the title of her 1987 hit song. The singer and actress has sold a home in the Beverly Hills Post Office area for a little over $2.07 million, records show. Built in 1957, the country English-style house sits on more than half...
?They destroyed me.? Wells Fargo?s mistake forced her to sell her home
Michaela Christian lost a long battle with Wells Fargo in 2013 to save her Las Vegas home, a defeat she says changed the course of her life. When the bank refused to modify her mortgage, Christian moved in with a friend and scrambled to rebuild her life. Five years later, Wells Fargo admits it...
Least expensive San Diego homes to sell in 2018
Beauty is in the eye of the beholder for some of the cheapest homes to sell in 2018. In a year when San Diego County?s median home price hit its highest point in history ? $583,000 in August ? a few buyers were able to nab properties that were far less expensive but not without some disadvantages,...
The most expensive San Diego homes to sell in 2018
The beach communities of La Jolla and Del Mar were home to the biggest residential sales in 2018, with the most affluent buyers largely leaving Rancho Santa Fe for the coast. Prices paid for the most expensive homes this year far exceeded last year?s totals. In 2017, the biggest sale for a house...
California Inc.: Be careful before you spend $100,000 to go to space
Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I'm energy reporter Sammy Roth, filling in for a vacationing David Lazarus. Here's a rundown of upcoming stories this week and the highlights of last week. Stock markets have continued to ping-pong, falling dramatically...
Qualcomm. Jack in the Box. Stadium. 19 business stories to watch in 2019
Key companies, business issues and trends to watch in San Diego County in 2019. 1. Mission Valley stadium site In January, San Diego State University will begin negotiations with the mayor?s office to buy 132 acres of land in Mission Valley with plans to build a new stadium, river park and western...
Almost nothing paid off for investors in 2018, as the bull market headed to the slaughterhouse
In 2017, nearly everything investors touched made money. Major stock indexes were up about 20% or more. Bonds turned in another solid year of gains. And the housing market was sizzling, with median home prices in Southern California up 8.2% from a year earlier to top the bubble-era high reached...
Hot Property: Andre Berto looks to knock out a sale in Beverly Hills
Andre Berto, a two-time welterweight boxing world champion, is ready to go a few rounds in the Beverly Hills housing market. He?s put his modern home in the area on the market for $8.995 million. Built in 2016, the boxy two-story features 12-foot-high ceilings, wide-plank floors and an expansive...
Southern California home sales drop 12% in November as price gains slow
Southern California home sales fell sharply in November, deepening a retreat from a sustained housing boom that placed home ownership out of reach for many. The 12% drop in November sales from a year earlier was the fourth consecutive monthly decline for the six-county region. However, housing...
San Diego home prices rebound but sales down for 6th month
San Diego County home prices were up 1.1 percent in November after two months of declines, real estate tracker CoreLogic reported Thursday. The median price was $565,000 ? still down $18,000 from the all-time peak reached in August ? showing the market was somewhat weathering increasing mortgage...
Home price gains in San Diego continue to slow
Home price gains in San Diego continued to slow in October compared to most of the nation, said the S&P CoreLogic Case-Shiller Indices released Wednesday. Of the 20 regions covered in the index, San Diego metropolitan area?s increase, up 3.8 percent in a year, was the fourth smallest gain for the...

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