Hypersonic drone maker moves headquarters to El Segundo

Hermeus, an aerospace startup developing hypersonic drones, is moving to Los Angeles after closing a $350 million Series C funding round, bringing its valuation to $1 billion.  The company will relocate its headquarters from Atlanta to El Segundo, L.A. Business First reported, where it will expand i

Holmby Hills manse neighboring Kylie Jenner tops LA luxury contracts with $26M ask

A deal is pending to sell an original Paul Williams-designed Holmby Hills home once owned by the actress Ann Rutherford, marking last week’s top property to go into contract. The home at 111 North Mapleton Drive, which is listed by Westside Estate Agency’s Kurt Rappaport, is asking $25.5 million. Th

Abbey Road lands LA County loan for affordable housing

The Los Angeles County Board of Supervisors has approved a $3 million loan to support Abbey Road’s development of The Main Apartments, a 64-unit affordable housing project in the San Fernando Valley neighborhood of North Hills.  Located at 15302 Rayen Street near Sepulveda Boulevard, the four-story

Foreign luxury home buyers flock to LA as billionaires exit

While California’s proposed wealth tax may prompt some billionaires to relocate to other states, international buyers are increasingly investing in the Los Angeles luxury home market. Following the January 2025 wildfires, foreign interest surged, peaking at 18.2 percent of luxury home searches in L.