Mystery Investor Buys 9 Malibu Fire-Ravaged Lots for $65M

Mystery Investor Buys 9 Malibu Fire-Ravaged Lots for $65M

In the wake of devastating wildfires that scorched California’s coastline earlier this year, a mysterious foreign investor has emerged as a pivotal player in Malibu’s high-stakes real estate market, snapping up nine oceanfront lots for a staggering $65 million. The purchases, concentrated on the fire-ravaged stretches of La Costa Beach and Carbon Beach—often dubbed “Billionaires’ Beach”—represent a bold bet on the area’s recovery, even as many f…

First Malibu rebuild permit issued after Palisades Fire

Malibu rebuild experts answer more questions at informative meeting  While the County of Los Angeles is reporting 157 building permits issued for rebuilds post-Palisades and post-Eaton fires, and the City of Los Angeles reports 54 permits issued, the City of Malibu has just announced its first rebuild permit has been issued for a home wiped out in the January fire. That news was announced by Yolanda Bundy, the city’s community development direct…