Measure ULA is causing headaches for high-end developers and home sellers in Los Angeles, but that pushback isn’t stopping officials in Santa Barbara from pursuing the same options to raise revenue. The... Read more »
At first glance, it looks like nothing more than a charming Spanish-revival, quintessentially Californian home — but this Pacific Palisades rebuild is constructed like a tank. Every exterior wall of the steel-framed... Read more »
Concern and offense were aired Thursday by members of an oversight committee following an attempt earlier this week to jam amendments to LA’s so-called mansion tax onto the June ballot. Thursday’s vote... Read more »
Real estate remained upbeat on a proposed ballot measure to amend the so-called mansion tax even as the Los Angeles City Council told one of its most prominent members to slow her... Read more »
Los Angeles’ Measure ULA transfer tax has crossed a significant revenue threshold. Nearly three years after being implemented, proceeds from so-called “mansion tax” have exceeded $1 billion, Commercial Observer reported. Under the... Read more »
Residents and business owners gathered Wednesday in the Pacific Palisades as they pointed the finger at local and state officials for bungling the recovery and prevention of last year’s deadly wildfires. Called... Read more »
California voters have approved Proposition 34, a measure from an apartment trade group that aimed to restrict spending by the AIDS Healthcare Foundation, which has bankrolled several rent control initiatives and criticized... Read more »
“Figuring it out.” That could become the theme of Los Angeles’ luxury residential market this year. Brokers said as much on Thursday, when some of the market’s top agents took the stage... Read more »
Los Angeles’ burden The taxes were supposed to be a boon for the city of Los Angeles. With a pumping luxury market and frequent commercial sales over $5 million, adding city transfer... Read more »
Though Measure ULA has disproportionately affected the commercial industry, agents who sell the top 1 percent of real estate in the city of Los Angeles have also taken a hit. Some say... Read more »