LA sued for canceling Mohamed Hadid’s spec home permits

J. Michael Issa of B. Riley Financial is alleging in a lawsuit filed in LA Superior Court last month that the city reneged on its word that permits on the property’s building site were still active. Continue reading

Meet Inman’s 2023 ‘Person of the Year’: The Small Broker-Owner

Small brokers may not get as much attention as the big guys, but they make up the majority of the real estate industry’s firms and manage to win David-and-Goliath struggles every day. Continue reading

How cities and homeowners zoned themselves into a housing crisis

Los Angeles is one of many cities that dramatically reduced its own housing capacity over decades via a series of 20th century city planning initiatives, including homeowner-led downzoning efforts. Continue reading

Can futuristic utopias solve our housing crisis?

People have been founding new cities forever. However, it turns out building a successful place is harder than it looks — and sometimes takes a very long time. Continue reading

Kanye West asks $53M for windowless home sans electricity

West has abandoned a remodeling job on the Tadao Ando-designed property after getting sued by a live-in contractor and caretaker in September for allegedly forcing him to work 16 hours per day and sleep on the floor near open insulation. Continue reading

Sellers say Compass agent flooded their home, then ghosted them

Aaron Schwid and Youngkey Chung trusted Compass agent Matt Isbell with the sale of their home, in part because he had appeared on “Million Dollar Listing.” But evidence shows his actions may have set off the home’s sprinklers and flooded it while the c… Continue reading

Can an LA condo set a $50M record? Agents say, why not?

LA’s luxury condo market has never seen a sales price above $35 million. But some agents say that under the right conditions, a condo could sell for more — and it soon may be just the right time. Continue reading

What other cities can learn from LA’s rocky ‘mansion tax’ rollout

LA’s new tax on high-priced property sales has been a drag on the real estate industry while raising far less revenue than the city expected, an Intel analysis suggests. Continue reading

On the ground in LA: How a divisive ‘mansion tax’ altered real estate

The president of Nourmand & Associates briefed Intel on how a new L.A. tax on high-priced properties has jolted the local real estate industry. Continue reading

Redfin CEO: With commissions in peril ‘cooperation may crumble’

Kelman said during virtual Inman Connect on Wednesday that pressure from the bombshell lawsuits and the Department of Justice may ultimately lead to “a different world” than the one that exists today. Continue reading