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Robb Report

partner publisher · 83.1K followers
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Inside Richard Saghian’s $300 Million-Plus Property Portfolio

Richard Saghian knows how to move merchandise. Since founding Fashion Nova in 2006, he’s turned a single Los Angeles retail business into a fast-fashion empire. His latest obsession, however, has nothing to do with what’s trending on Instagram. The son of an Iranian immigrant who owned a women’s clothing store in Los Angeles’s Fashion District, Saghian grew up around the apparel industry before opening his first Fashion Nova outpost in a San Fernando Valley mall. The real turning point came in 2013, when he took the brand online. Fashion Nova already had a sizable Instagram following, thanks to customers and influencers tagging its clothes in their posts, and Saghian turned that online buzz into a marketing machine, churning out hundreds of new styles each week and enlisting celebrities including Cardi B, Kylie Jenner , and Khloé Kardashian to help spread the word. The strategy worked. Fashion Nova grew into a multibillion-dollar business, making Saghian, whose fortune Forbes estimates at $2.1 billion, one of retail’s biggest success stories. Away from the fast-fashion frenzy, the billionaire has developed an appetite for trophy real estate, spending more than $300 million on homes in some of the country’s most coveted markets. His portfolio runs

Los Angeles, CA · 11h

The Cool Down

partner publisher · 249.3K followers
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Two-bedroom apartments listed at $1,062 a month in Los Angeles come with income limits

Floor plans will range from about 400 to 550 square feet.

Los Angeles, CA · 2d

wehoonline.com

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One Unfixed Apartment Could Freeze Rent Hikes Across a West Hollywood Building

In a city where about four in five households rent, protecting renters has always been a priority at City Hall. Still, tenants will say the City falls short when they’re facing displacement, waiting months for repairs or losing services they counted on when they moved in, like parking or a working elevator. On Monday, the Council approved new guidelines for how much tenants can get off their rent when those services are lost. It also moved ahead with a proposal that could take effect next July and stop a landlord from raising rents across an entire building when a serious health or safety problem goes unresolved. Getting a rent reduction and getting the work done are two different things. Take North Harper Avenue.

West Hollywood, CA · 9h
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liveinsurancenews.com

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California Landlords Are Losing 6 Figures to Squatters — and Their Insurance Won’t Pay for It

Rob Casares bought a four-unit complex in South Los Angeles about 15 years ago. It was an investment and a way to provide housing in his community. Over the past three years, squatters broke into three of his units at different times. By the time the last one was removed — a process that took nearly a year — Casares told Spectrum News that the combined damage and lost rent had cost him six figures.

California · 1d
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Yahoo!

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LA Tenants Say They're Losing Parking to New ADUs—Now There's a Lawsuit

Accessory dwelling units (ADUs) have recently been celebrated as the perfect solution to the housing crisis. Homeowners across the country have been considering these types of "small houses" for their properties, allowing them to get more space for anything from in-law suites to she-sheds. The support behind ADUs is so...

Los Angeles, CA · 1d

liveinsurancenews.com

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California: The $7,000 Property Tax Break 1 in 3 Homeowners Never Claimed

Every California homeowner who lives in the home they own is entitled to a property tax break called the Homeowners’ Exemption. It reduces the taxable assessed value of your home by $7,000 — saving you roughly $70 a year on your tax bill. That may not sound like...

California · 3d

The Financial Wire

partner publisher · 64.7K followers

One-bedroom rents in October hit $2,475 in New York, $1,864 in Los Angeles, $1,723 in Chicago and $1,116 in Houston, Apartment List says

A one-bedroom apartment in New York cost a median $2,475 in October, against $1,864 in Los Angeles, $1,723 in Chicago and $1,116 in Houston, Apartment List says. The figures come from the company’s city rent table, published Oct. 28, which covers the 100 largest cities. A move from Houston to New York adds $1,359 a... The post One-bedroom rents in October hit $2,475 in New York, $1,864 in Los Angeles, $1,723 in Chicago and $1,116 in Houston, Apartment List says appeared first on The Financial Wire .

Houston, TX · 3d

Yahoo!

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America’s Top Architects: Backen & Backen Embraces The Outdoors In A Serene Los Angeles Home

Recent Accolades: Forbes 2026 lists of "America's Top 200 Residential Architects," "America's Best-in-State Residential Architects," and "America's Top Hospitality Architects and Designers" House Name: Holmby Hills Residence. Location: Los Angeles, California. Area and Layout: 16,000 square feet; 5 bedrooms, 10 bathrooms. Architectural Photographer: John Merkl. Scott Fitzgerald famously said there...

Los Angeles, CA · 6d

hoodline.com

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Hollywood Dig Begins on 45-Unit Affordable Complex Near Highland Avenue

1248 N. Cherokee Ave. — Approximate Site of Affordable Housing Project. Construction is underway on a new affordable housing complex near the intersection of Santa Monica Boulevard and Highland Avenue in Hollywood, where crews are building a five-story structure that will hold 45 one- and two-bedroom apartments with no on-site parking. The project, rising at 1248 N. Cherokee Ave., will set aside every unit except a mandatory manager's apartment for low- and moderate-income renters.

Los Angeles, CA · 1d

Vox

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Los Angeles is about to test a new kind of housing politics

It’s notoriously hard to govern Los Angeles, a city that gives its mayor less direct authority over the government than in a city like New York or Chicago. But even so, it’d be hard to do much worse than Karen Bass. Elected mayor of LA in 2022, Bass...

Los Angeles, CA · 7h

Daily Mail

partner publisher · 2.2M followers

Long Beach oceanfront home destroyed by storms has developers lining up to buy after a $2m price cut

The four-story property was declared unsafe after October's storms smashed through its lower levels, leaving extensive damage. Despite fears of further destruction developers are lining up to buy it.

Long Beach, CA · 1h

dtlaweekly.com

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Up for Grabs! Brookfield Walks Away from $600 Mil Beaudry Tower in Downtown LA

Getting your Trinity Audio player ready... Despite 95% occupancy, one of Downtown LA’s newest residential skyscrapers faces an uncertain future as its developer abandons the investment rather than refinance $360 million in debt. Downtown Los Angeles has another major real estate shakeup on its hands, and this time it...

Los Angeles, CA · 1d

The Santa Clarita Valley Signal

partner publisher · 15 followers

City to host meeting on state’s plan for 8-story courthouse

The city is hosting a community meeting later this month to talk about the state’s plan to put an eight-story courthouse down the street from City Hall. “The Santa Clarita […] The post City to host meeting on state’s plan for 8-story courthouse appeared first on Santa Clarita Valley Signal .

Santa Clarita, CA · 2d

hoodline.com

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L.A. Landlords Convert Tenant Parking Into ADUs, Renters Fight Back in Court

Tracey Ellis has lived in her rent-stabilized apartment near the Sunset Strip since 2001, and her lease has always included a parking space. Now, at 70 years old and relying on a cane or walker because of mobility problems, she fears that could disappear — along with her ability to stay in her home.

Los Angeles, CA · 2d

Santa Monica Daily Press

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Apartment complex with its own Trader Joe's goes up for auction

Do you have a Scrooge McDuck sized bag of money and an equally large addiction to the chocolate covered peanut butter pretzel bites from Trader Joe’s? If so, you might want to head over to a December 3 auction where you can purchase your very own store alongside a distressed luxury apartment complex.

Los Angeles, CA · 8h

Washington Examiner

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West Hollywood finds time to give legal benefits to throuples

Californians are facing a litany of issues, from high taxes to unaffordable housing to gas prices. In West Hollywood, leaders have finally decided to deal with a major issue facing their residents: giving legal benefits to throuples. The West Hollywood City Council unanimously approved an ordinance recognizing the legality of...

West Hollywood, CA · 12h

Voice of OC

publisher · 11.4K followers

La Habra Mobile Home Owners Fight for Rent Control

This is a community opinion piece. The views are the author’s, not Voice of OC’s. We’re interested in hearing different perspectives and voices. Want to weigh in on this or another issue? Email opinions@voiceofoc.org. The following is a press release from an organization unaffiliated with Voice of...

La Habra, CA · 4d

hoodline.com

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16-Story Tower Pitched for Sunset Strip, Would Bring 115 Homes to West Hollywood

A developer has filed plans for a 16-story residential tower at 8240 Sunset Boulevard that would bring 115 homes to a stretch of the Sunset Strip currently occupied by commercial buildings. The project is slated to include 18 affordable housing units alongside roughly 158,000 square feet of new construction, replacing the existing retail and commercial uses on the site.

West Hollywood, CA · 2d

hoodline.com

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University Park Developer Revives Dormant Site With 120-Unit Oak Village Plan

902 W. Washington Blvd. — Approximate Site of Proposed Oak Village. A commercial corner in University Park that has sat without serious housing plans for more than a decade could soon be home to dozens of new condominiums and townhomes. Anastasi Development Company has proposed a project called Oak Village at 902 W. Washington Boulevard, calling for roughly 120 residential units split between a multifamily building and a cluster of townhomes.

Los Angeles, CA · 2d

Yahoo!

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New Culver City development will add hundreds of apartments, two parks and restaurants

Construction has begun on a $200-million apartment complex in Culver City at a time when housing development in much of Los Angeles County has slowed in spite of strong demand. The earth is being graded at the busy intersection of Jefferson and Sepulveda boulevards to make way for the development...

Culver City, CA · 1d