Kennedy Zak

The founder of Irvine-based Pacific Hospitality Group leaned on expertise in his retail operation, Busch's Fresh Food Market, to craft a call-out of the New York City mayor's plan for public grocery stores as “an attack on basic economics and the people he purports to help” in a Wall Street Journal op-ed published Tuesday.

🏆 Marina Del Rey had the priciest alteration application to receive permits last wee, getting a go-ahead at 4375 Admiralty Way, where plans were filed for a $6 million worth of renovation work at the Ritz-Carlton. The project includes renovations to the existing reception, lobby, corridors, restaurant, guestrooms and public restrooms. The work will be done one floor at a time, according to the hotel's website.

Examining homeowners under the age of 45, research from the USC Lusk Center for Real Estate found a 27 percent increase in people owning without a mortgage over the past decade. And homeowners without mortgages have lower average annual incomes than those with mortgages, about $163,000 versus $223,000.

Priciest deal came on $8M ask in Hollywood Hills Last week marked the slowest week for luxury residential contracts across Los Angeles County

Not long after Jaime Lee traded her corner office at her family's Jamison for a senior adviser gig at the firm, she's added another notch on her belt. Lee is now senior managing director of capital markets and real estate investments at Kennedy Wilson, another L.A. legacy company.

In the first debate since before the June primary , Mayor Karen Bass and 4th District Council member Nithya Raman outlined their plans for a number of issues tied to real estate interests — and despite having many of the same ideas, the candidates showed they weren't above personal attacks.

Contractor buyer plans to execute a flip on the Malibu Canyon home in the next year

🏆 The largest new construction project to score permits last week was in Westlake, where plans were filed to build a 133,155-square-foot affordable housin

“We have a bit of a conundrum now, because buyers think it's a buyer's market and sellers think it's a seller's market,” said F. Ron Smith, co-founder of Smith & Berg Property Group, a Compass affiliate. “But it's more fluid.”

The top 20 brokerages claimed 20,089 transactions totaling $52.2 billion in the 12 months before July 1, 2026, according to The Real Deal's annual rankings of Los Angeles County firms. That's $1.6 billion more in volume from last year's rankings and 542 more deals.