Latest Top (10) News

Stocks end day lower after report Fed weighed more aggressive hike in key interest rate

After an early slide, U.S. stocks clawed back much of the ground they lost and ended just slightly lower Wednesday. Banks climbed, but retailers, home builders and smaller companies fell.

Stocks slumped in morning trading as home builders and retailers took sharp losses after the Commerce Department...

Wed, 17 Oct 2018 14:10:00 PDT

CBS Television City expected to be sold to Los Angeles investor

Broadcast giant CBS Corp. has identified Los Angeles real estate investment company Hackman Capital Partners as the buyer for its storied Television City production studios.

Hackman Capital has been selected by CBS as the winning bidder in a transaction that could be valued at more than $700 million,...

Mon, 15 Oct 2018 18:05:00 PDT

Hot Property Newsletter: Matches made in real estate

Among home sellers and buyers finding common ground this week are some notable players. Swiping right were a soccer great, a film veteran and a “Real Housewives” star. Still casting about for that special someone is a “Dallas” mainstay and a retired NBA all-star.

Our Home of the Week is a hip traditional...

Sat, 13 Oct 2018 00:05:00 PDT

Real estate titan taps location tracking startup XYO to build blockchain land registry in Mexico

A local tech startup is partnering with real estate giant Re/Max to figure out how to use blockchain technology for buying and selling property in Mexico.

The startup, once called XY Findables but now going by XYO Network, specializes in grabbing location data and storing it on the blockchain....

Fri, 12 Oct 2018 11:55:00 PDT

Zsa Zsa Gabor's glamorous estate among L.A.'s priciest home sales in September

A pair of transactions north of $26 million in Beverly Hills and the sale of Zsa Zsa Gabor’s longtime residence in Bel-Air were among L.A. County’s high-water deals that publicly recorded in September. Here’s a closer look.

$27 million — Beverly Hills

In the 600 block of North Canon Drive, a limited...

Fri, 12 Oct 2018 06:00:00 PDT

Mortgage rates rise to a seven-year high

The average rate on a 30-year fixed mortgage is nearing 5%, following a surge this week that put borrowing costs at their highest level since 2011, according to Freddie Mac.

The sharp increase in mortgage rates — to 4.9% this week, from 4.71% last week and 3.91% a year ago — stems from the same...

Thu, 11 Oct 2018 13:10:00 PDT

Hot Property: Ellen DeGeneres and Portia de Rossi flip the home script in Beverly Hills

After spending much of the last year changing spots in Santa Barbara County, Ellen DeGeneres and Portia de Rossi are turning their attention back to L.A.

In recent weeks, the entertainment power couple has bought a Beverly Hills home steeped in Old Hollywood history for $15 million. They’ve also...

Sat, 6 Oct 2018 06:00:00 PDT

How the right words in listings can boost a home's sales price

In real-estate listings, certain words (beautiful, captivating) and features (pizza oven, farmhouse sink) can swing a home’s sale price by thousands of dollars, according to research conducted by the real-estate firm Zillow.

Crafting verbiage for a listing is all about making a home seem unique...

Sat, 6 Oct 2018 05:30:00 PDT

Home title fraud: How it's done and how to protect yourself

As an FBI agent through the 1990s, Art Pfizenmayer investigated title theft.

But it was rare then. Today, it’s a growing problem.

In 2008 when title theft was still uncommon, the FBI posted a notice about this house stealing scam, telling homeowners what to watch out for. A few years later in 2012,...

Mon, 1 Oct 2018 04:00:00 PDT

Eddie Lampert's Sears plan would hand his hedge fund $1 billion

Eddie Lampert’s hedge fund has a new plan for cutting Sears debt. The main beneficiary would be Eddie Lampert’s hedge fund.

Lampert, Sears Holdings Corp.’s chief executive officer, called this week for the underperforming retailer to stanch the bleeding by paying off certain loans — many of them...

Thu, 27 Sep 2018 15:05:00 PDT