Luxury Real Estate News

Katy Perry Gets Closer to Buying Los Angeles Convent

A judge ruled in favor of the pop star and against a local developer She should prepare a “Firework"—Katy Perry is one step closer to living in a Los Angeles Catholic convent she’s been fighting to buy for two years. A Los Angeles Superior Court this week sided with the pop singer and the Los [...]

Chinese investment is helping to fuel Downtown LA’s development boom

A development boom in Downtown Los Angeles continues to reshape the city’s skyline, and a new reportfrom real estate services firm Cushman & Wakefield shows that much of the growth in Downtown and beyond has been shaped by Chinese investment. Los Angeles trails only New York and San Francisco in terms of popularity with Chinese real [...]

From Pop Star to Conservator: Taylor Swift’s Quest to Landmark Beverly Hills Home

Pop star Taylor Swift has turned five Beverly Hills public officials into adoring fans—and their love has nothing to do with music. Ms. Swift, who bought the family estate of iconic Hollywood producer Samuel Goldwyn for $25 million a year ago, is going to great lengths to have the property restored to its original 1934 [...]

Rockstar Energy creator Russ Weiner tries $45,000,000 Million Beverly Hills flip

Though Weiner struck gold by marketing an energy drink in a tall-boy can, Rockstar remains a distant competitor to the other two billionaire-run energy drink brands, Monster and Red Bull. One reason Weiner might be stuck in third place: He spends less on marketing than competitors and chooses to sponsor music festivals and low-tier extreme [...]

Developers list Bel Air spec manse with $60K bathtub for $25M

Developer and movie producer Tariq Jalil of J & L Development and architect Cain Leon of Cain Interiors and Construction took a high-end approach with their newly listed $24.9 million Bel Air mansion on Bel Air Road, The Real Deal has learned. The 12,600-square-foot hillside property hit the market Tuesday. It has nine bedrooms, 10 bathrooms and a fully-equipped gym with [...]

Kylie Jenner, 19, Buys Fourth California Mansion at $12M

The ‘Keeping Up With The Kardashians’ star snapped up a 1.4 acre home in Hidden Hills Another day, another piece of high-end real estate for reality star, makeup mogul, and Snapchat enthusiast Kylie Jenner. The 19-year-old is now the proud owner of her fourth residence, an eight-bedroom, 11-bathroom Cape Cod-style mansion in Hidden Hills, California, according [...]

Off with a bang? L.A. County sees two sales of $30 million or more in early February

The high-end market may have been slow to develop in 2016, but it is already off to a brisk start this year. L.A. County has seen eight sales of $20 million or more through the first six weeks of 2017. Among them are two properties in Bel-Air that recently traded hands at $30 million or [...]

Coachella site owner lists Palos Verdes estate for $27M

A property owner with ties to the Coachella Valley Music Festival has listed one of the largest estates in the center of Malaga Cove in Palos Verdes Estates for a cool $26.7 million, or $3,016 a foot, The Real Deal has learned. The roughly 4-acre property on Via Elevado is home to real estate developer Alexander Haagen III, [...]

Former 99 Cents store CEO lists $14M Beverly Hills home with a twist

It seems you can build a fortune 99 cents at a time — especially if you funnel it into 90210 real estate. Stephane Gonthier, the former CEO of 99 Cents Only Stores chain, is planning to list his 6,400-square-foot Beverly Hills estate with an asking price of $13.9 million, The Real Deal has learned. He purchased the home in 2014 [...]

Dubai’s biggest developer takes another crack at Beverly West

Emaar Properties is about to test whether slow and steady really does win the race when it comes to real estate sales. The Dubai firm is finally rolling out the final 22 condo units at its 34-unit Beverly West complex nearly a decade after the project first made its debut, the company told The Real Deal. [...]