Real Estate News
L.A. City Council has approved a $544-million spending plan for Measure ULA funds during the 2026 fiscal year, including $381 million for affordable housing initiatives and $163.3 million for homelessness prevention programs.
A five-story oceanfront mansion in Laguna Beach has sold for $110 million, the priciest home sale in Orange County history.
Los Angeles fund manager Capital Group has completed its $210-million purchase of the Bunker Hill skyscraper it already occupied as a renter and vows to continue expanding its downtown presence.
Gensler's City Pulse 2026 report shows Downtown Los Angeles ranking lower than average on vibrancy.
Business News
The San José tech company informed the state that the job cuts will occur in their San Francisco Bay area offices.
Gov. Gavin Newsom signed legislation Thursday limiting medical billing in ride share accident litigation, averting a November showdown between Uber and the state's trial attorneys. The agreement comes as Uber pushes forward with a lawsuit against two prominent L.A. law firms.
The lawsuit alleges that Snap, the parent company of disappearing messaging app Snapchat, failed to disable and warn its users about "dangerous" features used by predators.
The couple donated millions of dollars to Undue Medical Debt, a national nonprofit that helps pay off medical bills. The gift will affect more than 261,000 Californians in medical debt.