“The first 3 months of the year sucked”: Industry pros on LA’s luxury market slowdown

By Natalie Hoberman George Penner, CEO of Deasy Penner Podley, didn’t mince words in his description of Los Angeles’ high-end residential market. “The first three months of the year sucked,” he said. “It was terrible.” That slowdown and a wave of discounted re-listings dominated the discussion among Penner and other industry players at The Real… Keep reading

The Real Deal LA Residential Showcase + Forum

The Real Deal brings together influential real estate players for events that spur brand awareness, smarter solutions for growing networks and substantial ROI. This year, The Real Deal residential showcase and forum boasts over twenty sponsors and over fifty industries represented. The upcoming forum will feature two relevant panel presentations and Q&A discussions. The first… Keep reading

Deasy Penner to buy out Podley Properties

  By Gregory Cornfield The wave of consolidation involving California residential brokerages is showing no sign of abating. In the latest combination, L.A.-based brokerage firm Deasy Penner said it will buy Pasadena-based Podley Properties to expand its presence in Southern California. The deal will create a network of almost 300 salespeople from Malibu to Palm Springs,… Keep reading

Pasadena’s only Case Study House hits the market

By Natalie Hoberman Architecture fanatics have a new reason to move to Pasadena. The famous Case Study House No. 10 on San Rafael Avenue has hit the market for $2.99 million, Curbed reported. The 1947 Pasadena home was part of Arts and Architecture Magazine’s famous case study program, which featured experiments in residential architecture and… Keep reading

Staples Center architect lists Calabasas home for $2.5M

By Subrina Hudson The Calabasas home of Staples Center architect Dan Meis is far removed from the sports and entertainment stadiums he is known to design. But the architect is looking for a new venue. Meis recently listed the warm, 2,986-square-foot home on Cold Canyon Road with an asking price $2.5 million, Curbed reported. Located in… Keep reading