Palisades Reconstruction Accelerates Amidst Misinformation and Political Tensions
The rebuilding efforts in the Pacific Palisades, following the devastating January fires, are gaining momentum, with construction activity becoming increasingly visible across the community. However, the recovery process has been marred by misinformation and political controversies, creating noise and hindering the dissemination of accurate information about the rebuild’s progress.
Anthony Marguleas, founder of Amalfi Estates, a local brokerage, expressed his concerns about the spread of misinformation surrounding the reconstruction. He criticized individuals who are using social media to promote a dated view of the situation by sharing images of uncleared, burned lots, while ignoring the ongoing construction progress happening throughout the Palisades. Marguleas highlighted that numerous homes are being framed or bear the names of active builders, particularly within the Alphabet Streets.
Permitting, a point of contention, has been at the center of criticisms directed at Mayor Karen Bass, with accusations of a slow rebuild. This perception might have been initially fueled by the lack of transparency regarding the $10 million contract awarded to Hagerty Consulting in February. While questions about the contract remain, the progress on the ground tells a different story. As of the end of September, the Los Angeles Department of Building and Safety reported 569 permits issued for 336 addresses, with an additional 720 plans approved and 769 under review. Marguleas emphasized the importance of data-driven information to dispel the misinformation and provide a clear picture of the actual progress.
In the midst of the reconstruction, Steadfast LA and Airbnb spinoff Samara have been quietly working on their initiative to donate factory-built accessory dwelling units (ADUs) to fire survivors. Samara CEO Mike McNamara explained that the process took longer than initially anticipated due to several crucial factors, including the time it took for homeowners to decide whether to stay or leave their properties and assess the suitability of Samara’s ADUs for their lots. The first recipients of these donated ADUs have been identified in Pasadena and Altadena, and Samara is currently navigating the permitting process, aiming to have units installed by year-end. The company recently secured $34 million in Series B funding, positioning them to address the growing demand for ADUs among wildfire survivors, multigenerational households, and owners of multifamily properties.
Beyond the rebuilding efforts, the Los Angeles luxury real estate market has shown remarkable resilience, with significant sales activity, including a $44 million closing of an estate in Brentwood. The property, known as “Ocho Manos”, located at 11740 Crescenda Street, sold for less than its initial asking price but still represented a major transaction in the post-fire market. This sale follows a previous record set by the $56.6 million trade of 13058 Rivers Road in Brentwood in 2021, indicating a continued strong market for premium properties.
Further indicating market strength, a new listing in Malibu has entered the market with a record-breaking $110 million asking price. The property, situated at 6962 Wildlife Road, boasts over 7,000 square feet and sets a new benchmark per-square-foot value for the area. The current owners, August Tigrett and her husband Riaz Valani, are testing the upper limits of the Malibu market, following the $80 million sale of a home on Grayfox street earlier in 2025. This latest listing signifies both the continued appeal of Malibu as an exclusive real estate destination and the broader recovery of the Los Angeles luxury market.
