The lawsuit filed last week alleges that the city of LA took part in “backroom machinations” in order to landmark a house that does not meet criteria for status as a historic cultural monument to “arrange the desired outcome.”
Category: los angeles
Putrid garbage house stinks up LA neighborhood
The trash-strewn property is sandwiched between two large, multimillion-dollar mansions, and residents are concerned the mounds could negatively affect property values in the area.
LA developer hit with lawsuit for homeless housing Ponzi plot
California attorney general Rob Bonta claimed in a civil lawsuit filed in LA County Superior Court that Shangri-La Industries illegally put developments in the state’s Project Homekey homeless housing program under threat by borrowing against them.
Redfin eliminates salaries, pivots to commission model in LA and SF
Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program.
Site for Mohamed Hadid’s troubled spec mansion lists for $68M
The LA luxury developer is being forced to sell the 27-acre site, which was slated for an elaborate mega mansion, after a creditor tried to foreclose on the property and Hadid filed a bankruptcy petition.
Lux CEO, former fashionista joins Christie’s International Real Estate
Luxury agent Shelton Wilder, CEO of the Shelton Wilder Group, joins Aaron Kirman at AKG | Christie’s International Real Estate after closing $150 million in sales volume in 2022.
Los Angeles apartment owners sue over COVID rent freeze
The suit from the Apartment Association of Greater Los Angeles argues that the city’s rent freeze rule robs property owners of income and due process.