Kennedy Zak

🏆The largest new development to receive permits last week was in Woodland Hills, where plans were filed to build a 275,710-square-foot multifamily affordable housing project at 6745 North Independence Avenue. The $50.5 million project will feature 395 apartments and stand six stories tall. The developer behind the project was not disclosed.

Penthouse West at 8899 Beverly Boulevard went for $23 million — about 67 percent higher than the previous highwater marker for the year among on-market deals. The price shakes out to $3,150 per square foot. The deal easily topped the prior leader for the year — the March sale of a condo at 1 West Century Drive in Century City that went for $13.8 million, or $2,455 per square foot.

Mom-and-pop operations can no longer keep the lights on in Los Angeles’ regulatory environment.

LA’s top construction projects in the week ending May 24, 2026

Mansion first hit the market less than a month ago with a $25 million ask

The ad hoc committee on the transfer tax shut down with no recommendation of ballot measure to amend the tax

Westside Estate Agency facilitated deal, developers pursue single-family to multifamily conversions and more.

As of Tuesday, the sale for the property at 715 Crater Camp Drive was still pending. The 19-acre equestrian estate topped Los Angeles County contracts last week, based on a report compiled by Marcy Roth of Douglas Elliman's Eklund Gomes team. The Eklund Weekly Luxury Report Los Angeles rounds up single-family homes and condominiums listed in the Multiple Listing Service for $4 million or more and lists the top contracts based on asking price.

In a race with implications to the state’s residential market following the 2025 wildfires, real estate players shoveled out donations.

Kris Zacuto leaves Compass for Christie’s International, and Rodeo Realty grows agent pool