Malibu office campus trades for less than half of previous price tag

An office campus perched on a coastal bluff in Malibu has traded hands for $12.5 million, records reveal. The buyer is connected to Weintraub Real Estate Group, and the seller is affiliated with LaSalle Investment Management, a JLL company.  The 39,000 square-foot campus called The Enclave had a $28

LA City Council sees institutional investor “monopolization” of housing market

Los Angeles officials are taking a closer look at whether deep-pocketed investors are shutting out would-be homeowners. The Los Angeles City Council voted last week to study how large institutional buyers, including investment firms and property management companies, are reshaping the city’s housing

Uber Founder Travis Kalanick Becomes the Latest Billionaire To Flee California Over Wealth Tax—as He Announces Move to Texas

Uber co-founder Travis Kalanick has confirmed that he has quit California and relocated his personal business interests to Texas after the Golden State threatened to impose a one-time wealth tax on its billionaire residents. Kalanick, 49, who has an estimated net worth of $3.6 billion, according to

Where Does Timothée Chalamet Live? The Oscar Nominee Hails From NYC, But Owns a Home Far Away

Find out where the Marty Supreme star hangs his clothes and grooms that ’stache