The Los Angeles Times reports on a foreclosed home in the Malibu Colony that's attracted a squatter--a Wells Fargo senior vice president who neighbors allege has been throwing parties in the house and living there on weekends with her family. The former owners handed the house over to Wells Fargo after losing money with Bernie Madoff, and according to their real estate agent, the bank has refused to show the house since. Between this and the alleged Bank of America swindle in Mt. Washington, it seems like the banks are having a lot of fun with this financial meltdown they've helped create. [Image via 106 Malibu Colony] [LA Times]
Metro plans to pick one developer by early next year.
Its interior—including an "opium den-inspired" guest suite—is a real visual feast.
The open-air museum will celebrate black Los Angeles amid "so many concerns about gentrification," says City Councilmember Marqueece Harris-Dawson.
Formerly a rent-controlled apartment building, it’s reopening as a boutique hotel.