Malibu House Sells for $38.5M in Priciest LA Deal This Year
The Malibu estate owned by investors Mark Cirlin and Man Li-Yeh sold for $38.45 million, the priciest home sale in Los Angeles County this year.
The property features a 4,400-square-foot Cape Cod-style house with resort-style grounds, including an open-air pavilion, al fresco kitchen, and sunken lounge area. [ more ]
Malibu to Get State-Mandated Housing Plan In Order by September
Malibu has agreed to comply with California's Housing Element Law, allowing for the development of 79 housing units including 47 affordable units. [ more ]
Malibu gets a 3-officer CHP task force to patrol deadly stretch of PCH
The city of Malibu is adding a dedicated task force to patrol Pacific Coast Highway in an effort to improve safety on the dangerous roadway.
Caltrans is implementing new measures, such as traffic signal synchronization and speed feedback signs, to reduce speeding and congestion on PCH. [ more ]
Jackie Chan's onetime Beverly Hills address sells for $10.875 million
Homes in Beverly Hills, Malibu, and Pacific Palisades were the most expensive residential real estate sales in the greater Los Angeles area last week.
A home once owned by Jackie Chan in Beverly Hills sold for $10.875 million, $3.075 million more than its previous sale in 2013.
Other notable sales include a Mediterranean-style home in Beverly Hills that sold for $7.25 million and a Traditional home in Pacific Palisades that sold for $6,157,800. [ more ]