Welcome back to the real estate newsletter. It’s mid-September and it’s just too hot.
Not just the market (which is very hot), but the weather. With heat comes drought, and with drought comes fires. With more than 2 million acres already burned this year, Californians are bracing for a fire season that could rage through the fall.
In response, The Times put together a guide to everything you need to know about home hunting during fire season, including ways to assess a neighborhood wildfire risk and strategies to help. to mitigate the danger.
On the luxury side, the three biggest house stories of the week all came in the form of sales. The most expensive got off in Beverly Park, where Jem Sportswear chief executive Jeff Marine offloaded his 17,000-square-foot mansion for $ 29 million in a secret deal. This number is high, but not quite as high as others in the exclusive neighborhood; Sylvester Stallone recently listed his nearby 3.5-acre estate for $ 110 million.
A little south of Beverly Hills, two side-by-side homes owned by late comedy legend Carl Reiner traded hands for a total of $ 16.8 million. The package deal means the buyer can demolish both and create a rare complex on nearly an acre on one of LA’s poshest streets, Rodeo Drive.
The week also made a winner for Thomas Bryant. The former Laker sold his Cape Cod in Woodland Hills for $ 3.7 million, $ 450,000 more than he paid when he bought it from former teammate Jordan Clarkson last year .
As the football season kicks off, Inglewood looks a lot different this year as the new headquarters of the NFL media headquarters. Part of Rams owner Stan Kroenke’s $ 5 billion complex centered around SoFi Stadium, the league’s new savvy studio features five sound stages and a control room anchored by a 12-foot-tall wall of screens. definition that can simultaneously display 253 different video streams, including shots. of the 30 stadiums in the NFL.
While keeping up to date, visit and love our Facebook page, where you can find real estate stories and updates throughout the week.
A real estate market on fire
This summer, we started asking readers to submit their most pressing Los Angeles and California business questions.
Then we put the questions to a vote, allowing readers to decide which question we would answer in story form.
Our latest winner was submitted by Shawn Spencer, a human resources employee in Massachusetts: “If you’re concerned about wildfires, which areas of LA should you avoid living in? “
“I’m fascinated by Los Angeles, but for someone like me who doesn’t live there, it can be difficult to understand the city,” Spencer explained in the submission form. “Is there a rule of thumb for people who are worried about wildfires, such as ‘don’t live in a canyon, don’t live far north of Sunset Boulevard, etc.’ “?”
It turns out that there are a variety of ways to assess the risk of a forest fire in a neighborhood or a single-family home – and many ways to help mitigate the danger, writes Rachel Schnalzer.
The sportswear mogul finds a suitable offer
Beverly Park, one of Southern California’s wealthiest neighborhoods, has its new resident after Jem Sportswear CEO Jeff Marine sold his Mediterranean mansion for $ 29 million in a deal off-market.
Records show it was purchased by a Hong Kong-based limited liability company.
Spanning 17,000 square feet, the estate holds its place in the Star Quarter with residents such as Eddie Murphy, Rod Stewart, Denzel Washington and Sylvester Stallone, who offered his 3.5-acre retreat earlier this year for $ 110 million.
“It’s on one of the best lots in Beverly Park, which is one of the best areas in Beverly Hills,” said Drew Meyers of Westside Estate Agency, who represented the buyer. “There is nothing like Beverly Park. “
The enclosure of a comedy legend
Construction is likely coming to Beverly Hills, where two adjacent homes owned by late comedy legend Carl Reiner just sold for $ 16.8 million. Side-by-side properties are currently divided, but the overall deal offers the rare opportunity to redevelop the lot into a luxury resort on nearly an acre on Rodeo Drive.
After Reiner – a writer, actor and director who created “The Dick Van Dyke Show” – passed away last year at age 98, the pair of properties went up for sale at $ 10 million each in July.
The larger of the two, a 1930s traditional with a guesthouse, sold for $ 8 million. The smaller, a 1920s Spanish-style spot lined with stucco and clay tiles, sold for $ 8.8 million, according to records. Reiner has owned the Traditional for almost half a century, and he bought the Spanish-style home five years ago for $ 4.25 million.
NBA player moves to Woodland Hills
After going from NBA player to NBA player, this Woodland Hills house has just traded hands for the third time in three years, this time for $ 3.7 million.
The seller was NBA big man Thomas Bryant, who bought it from former teammate Jordan Clarkson for $ 3.25 million last summer. The pair played for the Lakers together during the 2017-18 season.
That’s a big payoff for Bryant, who didn’t make a lot of changes during his year-long stay except painting the master suite in white. Built in 2018, the Cape Cod-style spot spans 5,800 square feet and spans nearly half an acre.
NFL moves to Inglewood
To get a glimpse of the NFL’s media ambitions, step into the league’s new studio and office complex in Inglewood, writes Meg James.
The new West Coast NFL home, part of the $ 5 billion, 298-acre Los Angeles Rams owner Stan Kroenke mixed-use Hollywood Park development, boasts the latest technology. Its control room is anchored by a 12-foot wall of high-definition screens that can simultaneously display 253 different video streams, including shots from all 30 NFL stadiums.
There are five sound stages, including 5,970 square feet of space for NFL Network’s “Total Access” and “GameDay” shows. The scene features 360-degree camera views, a talent catwalk, and a rotating neon red-white-blue NFL logo – brought back from Nashville after the 2019 NFL Draft. The resort also includes a podcast studio and a newsroom ready to photograph.
What we read
As students flock to campuses, housing has been an issue for colleges across the country, and the most local example is UC Santa Barbara, where some students sleep in cars or at foreigners’ homes due to the shortage of affordable housing. KCRW spoke to a few students, including one who lives in a Sprinter van instead of a dormitory.
The shortage of affordable housing has also been brutal for Afghan refugees, who, in addition to fleeing Kabul, are struggling to find housing due to a difficult market and supported resettlement agencies – many of whom are asking the federal government more support. Vox has the story.