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Real Estate newsletter: An iconic mansion is set for auction

The famed Hearst estate is set for auction after listing for $195 million, and Frank Sinatra's former Midcentury home is up for sale in Chatsworth. ....

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Baldwin Hills Crenshaw Plaza sold to Harridge Development

The new owner, a local developer, plans to transform the struggling center into a more modern complex with housing, offices, stores and restaurants. ....

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Black Community Group Loses Bid to Buy L.A. Mall Despite Being Highest Bidder

Black Community Group Loses Bid to Buy L.A. Mall Despite Being Highest Bidder
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How Community Land Trusts Could Make LA More Affordable

On the evening of Thanksgiving 2020, Angelenos watched as formerly unhoused families occupying CalTrans-owned houses in El Sereno were forcibly evicted by California Highway Patrol officers during a tense, hours-long standoff.
The activists, part of the group Reclaim and Rebuild Our Communities, didn t remain in the properties for long, but their protest made their demand loud and clear they wanted the long-vacant homes to be turned over to community ownership, by way of a community land trust.
COMMUNITY OWNERSHIP
Community land trusts, or CLTs, are non-profit organizations that scoop up affordable housing stock before it gets into the hands of speculators, in order to keep it permanently affordable. ....

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