Elon Musk signals foreclosure on former home of Gene Wilder

An entity tied to Musk has filed a notice of default on the property, which Wilder’s nephew purchased from Musk with the assistance of a loan from the Tesla CEO in 2020. Continue reading

Oakley founder smashes California record with $210M home sale

The 15,000-square-foot home, which sits on 9.5 acres, was not publicly listed for sale. The deal surpasses a nearly $200 million purchase in Malibu by Beyoncé and Jay-Z last year. Continue reading

Watson Salari Group makes it Official, leaves Coldwell Banker

Teammates Brent Watson and Marco Salari will become founding agents for Official in Los Angeles. The team has closed more than $2.75 billion in career sales. Continue reading

First Team Real Estate’s new CEO has a ‘billion dollar’ goal for 2024

Ahead of Inman Connect New York this week, newly installed First Team Real Estate CEO Michele Harrington dishes on ambitious plans for 2024 and what she’ll be talking about at ICNY on Tuesday. Continue reading

The Agency acquires Triplemint, raises $35M

The deal and funding come amid rapid expansion for Los Angeles-based The Agency. And the firm plans to use the new money to grow even more. Continue reading

Los Angeles wants to ban iBuying

Amid an ongoing housing shortage and rapid price appreciation, Los Angeles city lawmakers are now searching for ways to thwart iBuyers in their city. Continue reading

LA’s new short-term rental rules are here, hosts must pay $89 minimum fee

First, property owners who want to rent out space on Airbnb, Vrbo or similar sites have to register their units with the city and pay a fee, which they can do online here. The most basic type of home-sharing registration will allow hosts to rent out th… Continue reading