"It goes without saying, but pictures or social media posts aren't always worth 1,000 words. That rang particularly true this past week on a ride through parts of the Palisades with local brokerage owner Anthony Marguleas, founder of Amalfi Estates. The takeaway: Anyone peddling only photos of uncleared, burned lots is selling a dated sense of reality. Construction is now the story for the Palisades as more and more builders enter the scene."
"Critics of Bass have long accused the city of a sluggish rebuild. Part of that may have been fueled in the early days beginning with the lack of clarity around a contract awarded to the Chicago outfit Hagerty Consulting in February for as much as $10 million. Questions around that still stand. However, in the community's Alphabet Streets alone, an increasing number of lots now bear frames of homes or are wrapped with the names of builders who are working."
"As of Friday morning, there were 569 permits issued by the city of Los Angeles for 336 addresses, according to the Department of Building and Safety online dashboard. Another 720 plans have been approved with 769 in review. For Marguleas, more of that information should be the norm rather than the noise of those shooting from the hip. I love data. Everything I have is backed up with data, Marguleas said."
Construction activity in the Palisades has become the dominant trend as more builders enter the area and previously burned lots show frames and active projects. The city of Los Angeles has issued 569 permits for 336 addresses, with another 720 plans approved and 769 plans in review, per the Department of Building and Safety dashboard. Residents and brokers report widespread misinformation online, including politically charged criticism of city leadership and questions about a February contract with Hagerty Consulting for up to $10 million. Local brokerage owner Anthony Marguleas emphasizes reliance on verified data to track rebuilding progress.
Read at therealdeal.com
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