LA real estate

LA real estate

The home's got its marketing ground covered with some of Los Angeles' top names tapped to sell the property. Aside from Kirman, that group includes Christie's International Real Estate Southern California's Tomer Fridman, Sotheby's International Realty's Shauna Walters and Nicole Plaxen, Douglas Elliman's Jacob Greene and Josh Altman and Compass' Sally Forster Jones. Walters, who made the move to Sotheby's International Realty with her team co-founder Plaxen late last year, called out market dynamics where discerning buyers are leading conversations with sellers.

In 2021, during the peak of the pandemic housing market that saw L.A. home prices skyrocket, The Times compiled a list of the newest neighborhoods to join the proverbial "million-dollar club," where the typical single-family home value is above $1 million. Five years later, plenty more have made the cut. Whereas the previous group featured trendy L.A. neighborhoods (Echo Park, Highland Park), South L.A. enclaves (Crenshaw, Leimert Park) and slices of the San Fernando Valley (Porter Ranch, Woodland Hills),

In a housing market defined by high mortgage rates and tight inventory, the very top of the market is still moving-sometimes at jaw-dropping prices.

Mickey Rourke has been served with a notice ordering him to either settle overdue rent or face eviction from his home in Los Angeles. After failing to make monthly payments, totally nearly $60,000, the 73-year-old actor was served a three-day notice on Dec. 18 to pay the money he owes or vacate his Beverly Grove rental, according to the Los Angeles Times.

He famously hails from Boston, but where does Mark Wahlberg live now? The actor (and former rapper) resided in the Los Angeles area for many years after moving there in the '90s to establish himself in Hollywood. Wahlberg's film debut came in the 1994 comedy Renaissance Man. These days, he's still busy making movies-with starring roles in three just this year ( Flight Risk, Play Dirty, and The Family Plan 2).

Roughly $968 million was spent on 2025's top 10 biggest trades by dollar volume through September, driven in part by three nine-figure deals, according to reporting from The Real Deal and TRD analysis of quarterly reports from Kidder Mathews and CBRE. The year's priciest sale clocked in at $332.1 million. In 2024, the 10 biggest deals in the same nine months totaled $595 million. That year there was only one nine-figure deal, and at $103 million, it was 31 percent less than 2025's No. 1 deal.

Fancy grocer Erewhon will return to Pacific Palisades in an entirely rebuilt store, as the neighborhood's luxury mall, owned by developer Rick Caruso, undergoes renovations for a reopening next August. Palisades Village has been closed since the Jan. 7 wildfire destroyed much of the neighborhood. The outdoor mall survived the blaze but needed to be refurbished to eliminate contaminants that the fire could have spread, Caruso said.

Michael Anderson was an idealistic young architect-developer when he built six condominium townhomes in the late 1990s in the Leimert Park area of Los Angeles. He hoped to create an ownership option for Black households who are so often left off the real estate ladder. In the weeks leading up to completion and move-in, he checked out the buildings daily.

The Walters | Plaxen with career sales in excess of $1 billion, is the latest big get for Sotheby's, which earlier this year recruited Ernie Carswell from Douglas Elliman. Carswell brought his 15-person team, Ernie Carswell & Associates, to Sotheby's in May with the agent referring to the brokerage in an interview with The Real Deal at the time as being at the top of its ilk, adding my team and myself now want that type of solid track of consistency and longevity.

The first legal brawl ended with Haresh being ordered to pay Rajesh and Chetan a combined $1.5 billion in punitive damages. Rajesh and Chetan also were awarded punitive damages and a 10 percent and six and a half percent stake, respectively, in the multifamily real estate portfolio that was at the center of the case. A total of five Jogani brothers came to Los Angeles from India, and eventually amassed a fortune in real estate and diamonds.

Though he was born and raised in Brooklyn, the comedian favors Los Angeles when it comes to investing in real estate. The talk show host owns properties in the Hollywood Hills, where he maintains a compound comprised of two adjacent homes, and in Hermosa Beach, where he owns an additional pair of properties. If the Jimmy Kimmel Live! host ever decides to add an Italian villa to his real estate portfolio, it won't be too hard: He obtained Italian citizenship earlier this year,

The roughly $44 million trade of the boutique hotel at 900 Hammond Street, near Sunset Boulevard, amounts to about $333,000 a room. That is nowhere near a record trade, but a sale is a sale in an area such as Los Angeles where hoteliers are defaulting on debt and facing forced sales and the real estate investment trust's latest strategy is selling hotels and repurchasing shares at discount.

In October, home prices fell slightly from the month before, with a median listing price of $1,237,000. The number of listings on the market remained practically unchanged from last month, but it is a bigger decrease than normal for this time of the year in Los Angeles, and homes are also selling slower than at the same time last year.

"Transit-oriented development should be one of, if not the biggest solution that we're looking at for housing development," said Yonah Freemark, research director at the Urban Institute's Land Use Lab, who has written extensively on the topic. "It takes advantage of all of this money we've spent on transportation infrastructure. If you build the projects and don't build anything around the areas near them, then it's kind of like money thrown down the drain," Freemark said.

The Shreveport-Bossier City metro housing market demonstrated active price discovery mechanisms during the week ending Nov. 7, 2025, with 96 homes absorbed compared to 69 new listings entering the market. This 27-home absorption advantage occurred as 37.5% of the metro's 1,413 active listings showed price reductions, indicating sellers are adjusting expectations to meet buyer demand at the $250,000 median price point.