A 157-acre mountaintop parcel asks $1 billion but sells for $100,000.
A cavernous airplane hangar built by Howard Hughes is now home to thousands of Googlers.
A $500 million mansion whose developer insists will be for “normal dudes.”
These are the real estate stories of Los Angeles, a city that constantly bewilders, delights and astonishes. Understanding and chronicling the unique trends and quirks of this market is a formidable task, and I’m delighted to announce we’ve just added some terrific journalists to the team to help us do it even better.
Pat Maio is a veteran investigative reporter who has produced award-winning work for the likes of Dow Jones, the Orange County Register and most recently the Los Angeles Business Journal. There, he covered finance and nabbed a rare interview with Colony Capital’s Tom Barrack. Pat will focus more on the commercial real estate market and can be reached at [email protected].
Matthew Blake also comes to us from LABJ, where he covered the media and entertainment business. He previously covered the business of law firms at the Daily Journal. Matt will be focused more on the residential side of things and can be reached at [email protected].
Pat and Matt will deepen our coverage of the L.A market, which is in the midst of a dramatic transformation: California just became the third state to enact a rent control law; tech and entertainment giants are reshaping the city’s built environment; and even in the face of a slowdown, the most exclusive addresses can fetch nine figures.
Please reach out to them with tips and news about deals, almost-deals, events and more. I would also be delighted to hear your thoughts on the market and what we can do to make our local coverage stronger and more valuable to you. I’m at [email protected].
Thank you for all your support so far. Cheers to what’s ahead.
-Hiten Samtani, Associate Publisher, West Coast