The Los Angeles Superior Court judge's ruling will temporarily suspend Beverly Hills’ ability to issue new building permits. The city is currently appealing the ruling.
For LA Agents, Luxury Home Sales Surge in December therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
LA's new tax on high-priced property sales has been a drag on the real estate industry while raising far less revenue than the city expected, an Intel analysis suggests.
End of WGA Strike Begins Slow Thaw for Residential Agents therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
While on opposite coasts and consisting of disparate inventory, New York City and Los Angeles share similarly competitive markets and, as such, have some of the most expensive real estate in the country.