301 S. Harvard Blvd
call us: (323) 235-5050

  • San Diego home prices up 8.6% in February
    by Phillip Molnar on March 21, 2018 at 7:10 pm

    San Diego County home prices jumped 8.6 percent in February compared to a year ago, while sales remained tight as the region struggles with a shortage of homes for sale, real estate tracker CoreLogic said Wednesday. The big picture: The median price in February — $535,000 — is down from its all-time... […]

  • Southern California home prices jumped 10% in February
    by Andrew Khouri on March 21, 2018 at 5:45 pm

    Southern California home prices jumped 10.2% in February compared with a year earlier, while sales remained nearly flat as the region and the state grapple with a shortage of homes for sale. The median price across the six-county region clocked in at $506,750 last month, real estate data firm CoreLogic... […]

  • $70M makeover of Town and Country hotel gets council OK
    by Lori Weisberg on March 21, 2018 at 3:00 am

    A $70 million makeover of the aging Town and Country resort in Mission Valley won approval Tuesday from the San Diego City Council after the developer reached agreements with organized labor to safeguard existing jobs and not stand in the way of unionizing hotel workers. The 7-1 council vote, with... […]

  • San Diego becoming hot spot for real estate investing, report says
    by Phillip Molnar on March 16, 2018 at 9:55 pm

    San Diego has become a more favorable place for real estate investing among big money players across North and South America, said a study released Friday. The annual report from commercial real estate firm CBRE is a survey of multimillion-dollar investment groups — from insurance companies to... […]

  • Adam Levine's exit from Holmby Hills among February's priciest home sales
    by Neal J. Leitereg on March 16, 2018 at 12:15 pm

    A Grammy-winning singer, a founder of network technology companies and the ex-wife of a billionaire were among parties involved in Los Angeles County’s biggest real estate deals in February. Here’s a larger look. $26 million — Brentwood On Oakmont Drive, the longtime estate of late businessman... […]

  • Despite push, San Diego County built less housing in 2017
    by Phillip Molnar on March 15, 2018 at 12:00 am

    San Diego County communities approved slightly fewer homes last year despite increasing political pressure for more housing in California. Cities and the county issued 4 percent fewer residential building permits in 2017 than the previous year, said the Real Estate Research Council of Southern... […]

  • Amazon Books heading to Pacific Palisades as new village center takes shape
    by Roger Vincent on March 13, 2018 at 12:00 pm

    Just a few years ago it was said that Pacific Palisades’ tiny commercial center had the beaten-down aura of a Midwestern Main Street where the mom-and-pop shops have been driven out by Walmart — only there was no Walmart. “It was a little village with one or two streets of stores and restaurants,”... […]

  • Senate is poised to roll back rules meant to root out discrimination by mortgage lenders
    by Washington Post on March 12, 2018 at 4:20 pm

    The Senate is poised to pass a bill this week that would weaken the government's ability to enforce fair-lending requirements, making it easier for community banks to hide discrimination against minority mortgage applicants and harder for regulators to root out predatory lenders. The sweeping bill... […]

  • Developer planning Gaslamp hotel on Dick's Last Resort site
    by Lori Weisberg on March 7, 2018 at 2:00 pm

    Just a year after opening the tony Pendry hotel in downtown San Diego, developer Robert Green is hoping to open a second Gaslamp Quarter hotel, which would be located on the block occupied by the now closed Dick’s Last Resort. While in the very early stages of planning, Green’s hotel development... […]

  • NHL owner lands Malibu estate for a record-tying price
    by Neal J. Leitereg on March 3, 2018 at 2:00 pm

    The Malibu estate of Westside real estate agent Kurt Rappaport has quietly sold to billionaire investor Daryl Katz for $85 million — an all-in price that includes the furnishings, according to a spokesperson for Katz. The off-market transaction ties that of David Geffen’s compound, which sold last... […]

  • Hot Property: Getting warmer
    by Jack Flemming on March 3, 2018 at 8:05 am

    A bout of 50-degree weather forced us into wool scarves and puffy jackets this week, but the L.A. housing market cools for no one. A “Hamilton” star found a new stage in Cheviot Hills; a pair of talk show hosts made some big moves; and the artist behind “Climax” and “Nice & Slow” listed a tantalizing... […]

  • Neighborhood Spotlight: Santa Monica's a great place to visit, but can you afford to live there?
    by Scott Garner on March 2, 2018 at 1:30 pm

    To stand along the fence of Palisades Park and look out over the ocean, it’s hard to imagine anyone taking in the same vista and imagining a destiny for Santa Monica other than that of a scenic seaside resort town. Col. Robert S. Baker and Sen. John P. Jones, both of whom made substantial fortunes... […]

  • L.A.'s real estate industry enters the age of bitcoin
    by Jack Flemming, Phillip Molnar on March 1, 2018 at 3:30 pm

    A little over a year ago, in a first for Southern California, a buyer used roughly 3,300 bitcoins to buy a Cape Cod-style mansion in Manhattan Beach for $3.225 million. Had he waited a year, that same number of bitcoins could’ve bought multiple beach houses, a few penthouse condos and a private... […]

  • Sacramento becomes latest city to allege mortgage discrimination by Wells Fargo
    by James Rufus Koren on February 28, 2018 at 10:05 pm

    Sacramento has joined Oakland, Philadelphia and other cities in suing Wells Fargo & Co. over allegations that the bank engaged in discriminatory mortgage lending practices, leading to a wave of foreclosures in minority neighborhoods. The city filed a suit in federal court, saying the San Francisco... […]

  • Southern California home prices in January rose at their fastest pace in 44 months
    by Roger Vincent on February 27, 2018 at 10:25 pm

    Home prices in Southern California jumped 11.4% in January — the largest year-over-year gain in 44 months as the region’s already sizzling housing market got even hotter. The double-digit rise in the median price put it at $507,000, which was lower than December’s peak of $509,500 when the six-county... […]

  • San Diego home price starts year at $529K
    by Phillip Molnar on February 27, 2018 at 8:30 pm

    The San Diego County median home price was $529,000 in January, down by $11,000 since December, said real estate tracker CoreLogic on Tuesday. The big picture: In a year, the median price increased 6.9 percent. San Diego County’s median home price hit an all-time high in June of $545,000. While... […]

  • California Inc.: Mnuchin comes to UCLA for chat on economic outlook
    by David Lazarus on February 26, 2018 at 1:00 pm

    Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I’m Business columnist David Lazarus, and here’s a rundown of upcoming stories this week and the highlights of last week. With the Winter Olympics over, I for one will miss curling on CNBC every afternoon. I was... […]

  • Sky-high rents and home prices are making it hard for Southern California businesses to attract workers
    by Andrew Khouri on February 22, 2018 at 10:40 pm

    Ace Clearwater Enterprises needs to hire four welders. The South Bay aerospace company could also use three more machinists, as well as four specialists who use 7-ton drop hammers to form metal parts for fighter jets. But filling those positions is tough. Many young Californians are going to college,... […]

  • San Diego's new single-family homes are pricey, modern and in short supply
    by Phillip Molnar on February 22, 2018 at 6:25 pm

    There is one type of home an American prefers to dwell in and after several generations it remains the most coveted. A single-family home — not an attached condo or townhouse — was the preferred house to purchase for more than 75 percent of potential buyers surveyed by the National Association... […]

  • Home sales fall as supply hits record low and prices rise, Realtors group says
    by Associated Press on February 21, 2018 at 4:55 pm

    Sales of existing homes in the U.S. fell in January from a year earlier by the most in more than three years. Would-be buyers were stymied by rising prices and a shortage of homes for sale. The National Assn. of Realtors said Wednesday that sales dropped 3.2% from December to January, the second... […]

  • Commercial real estate recovery extending 3 years but retail retrenching, survey shows
    by Roger Showley on February 17, 2018 at 2:00 pm

    The San Diego County office market outlook has turned decidedly positive, according to the recently released Allen Matkins UCLA Anderson Forecast. The industrial building outlook has dropped slightly since the June survey but it is still considered positive.But the survey of developers, lenders... […]

  • Buying a Bay Area home is now a stretch even for Apple and Google engineers
    by Marisa Kendall on February 16, 2018 at 3:10 pm

    Bay Area home prices are out of reach for many middle-income families, but surely if you’re a highly prized engineer at Apple or Google you can afford a house there, right? Not so fast. These days even high-paid tech workers — the very people often blamed for driving up home prices — have to stretch... […]

  • Last year's housing market broke records
    by Phillip Molnar, Shaffer Grubb on February 14, 2018 at 2:00 pm

    The housing market reached new price peaks in 2017, shattering records left over from the 2005 housing boom. Home prices rose as the number of homes for sale continued to drop — even more so than previous years. Meanwhile, the number sales stayed about the same. Strong job growth, low unemployment... […]

  • East Village: 'They are creating a skid row'
    by Jeanette Steele on February 13, 2018 at 5:10 pm

    With San Diego's move to buy an Imperial Avenue building for a new homeless "navigation center," some East Village downtown property owners are saying it’s the last straw. The city has announced it will spend $7 million to buy 1401 Imperial Avenue and turn it into a one-stop housing "navigation"... […]

  • Salsa singer Marc Anthony lowers Tarzana home price in hopes of wooing a buyer
    by Lauren Beale on February 12, 2018 at 4:30 pm

    It’s been on again, off again and now it’s on again. Latin music artist Marc Anthony and his wife, model Shannon de Lima, have put a second home they own in Tarzana back on the market. This time the asking price is $3.35 million, a cool million less than they were asking when they first listed... […]

Invest Smarter
Smart Asset Management has successfully implemented and completed complex development and investment projects involving both “from the ground up” construction and substantial renovation projects. We pride ourselves on delivering exceptional asset and property management services upon completion of the development process.