Developers, fire victims continue to clash as rebuilding efforts pick up speed
Wildfire survivors in Altadena, Pacific Palisades and Malibu are increasingly turning their anger toward developers, arguing that investors are using post-fire rules to reshape neighborhoods before residents have had a chance to rebuild. Now, state lawmakers are looking to step in. More than 1,000 vacant lots in Altadena and Pacific Palisades, or roughly 10 percent of the burned inventory, had changed hands as of June, Politico reported, citing Redfin data. Investors account for about half of those purchases. The trend has intensified fears that outside capital could produce denser, pricier or out-of-scale housing in communities known for their distinctive streetscapes. […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

Where Did Ernest Hemingway Live?

Palos Verdes Estates home in contract with $14M ask adds to string of expensive trades in area

SoLa Impact’s modular housing arm lands $32M in tax credits

Former L.A. Laker Dennis Schröder Lists His SoCal Home for $6 Million

Hollywood developer plans to turn five homes into 32 in latest low-density conversion play

Is It Safe to Pour Boiling Water Down the Sink? Here’s What a Plumber Wants You to Know

Marcus & Millichap chair spends $2M to help kill CA’s proposed billionaire tax

Near Lake Como, This €690K Concrete House Makes the Most of Its Narrow Site

Beep beep: Vacant car dealership on Sunset Strip proposed for office, retail redevelopment

Judge Orders Kanye West to Pay Nearly $200,000 in Tadao Ando Mansion Fiasco

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA
