Tag Archives: los angeles

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

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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’

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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 →

Redfin eliminates salaries, pivots to commission model in LA and SF

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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. Continue reading →

‘Tenant from hell’ haunts a Los Angeles luxury Airbnb

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An Airbnb guest has stayed in a Los Angeles dental surgeon’s guest house for over a year without paying rent — and the owner has no legal basis to evict her. Continue reading →

Compass scoops up high-end SoCal boutique brokerage

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DPP Real Estate has more than 175 agents and specializes in architecturally significant properties. Moving forward, the firm will be known as DPP @ Compass. Continue reading →

Site for Mohamed Hadid’s troubled spec mansion lists for $68M

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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. Continue reading →

Marilyn Monroe home slated for demolition is saved — for now

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The L.A. City Council filed an emergency motion Friday to establish the home as an Historic-Cultural Monument to avoid demolition after thousands of concerned citizens registered their complaints. Continue reading →

Lux CEO, former fashionista joins Christie’s International Real Estate

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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. Continue reading →