Alleged price gougers being sued for $62M by Los Angeles – NBC Los Angeles

A group of property owners are facing a $62 million lawsuit for alleged price gouging in the aftermath of January’s wildfires and violating short-term rental laws, Los Angeles City Attorney Hydee Feldstein Soto announced Thursday. The City Attorney’s Office filed a civil enforcement action against several individuals and their related companies that allegedly operated a … Read more

Empty tech campus in Santa Clara lands buyer for huge price discount

SANTA CLARA — A tech campus in Santa Clara has landed a new owner in a property purchase that suggests office market values are continuing to wobble at the start of 2025. Four Corners Properties, a Los Altos-based real estate investment firm headed up by Bruce Burkard, bought the office hub on Jay Street through … Read more