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

Corona Del Mar strip center trades hands as retail market sees price growth

Mark Zuckerberg Just Bought a 16,000-Square-Foot Castle in Ireland

Malibu mansion listed for $48M after Kevin Garnett’s previous woes

Top permits: Developer bringing almost 400 apartments to Westchester

SB 79, resi production bring sparks to Bass-Raman mayoral debate

OC’S Bill Lyon, son of late developer Gen. William Lyon, backs Steve Hilton

Cabin Season Is Coming—and Here’s a Handmade Oregon Dream Home for $899K

Everything We Know About Meghan Markle and Prince Harry’s Reported Move Back to Britain

Diane Keaton’s “House That Pinterest Built” Just Sold for $18 Million

How to Make a Small Bathroom Feel Bigger, According to Interior Designers

"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
