City officials joined the buyers of Oceanwide Plaza on Thursday to celebrate the removal of spray-painted graffiti splashed as high as 54 stories that threatened to become an unwelcome icon for the city during the 2028 Olympics as the bankruptcy sale of the hotel, residential and retail complex dragged on for almost two years.

An oceanfront home on the Long Beach Peninsula couldn't find a buyer at $4.95 million. But after it was damaged by massive waves, its price dropped and it's getting plenty of interest.

Construction has begun on a $200-million apartment complex in Culver City at a time when housing development in much of Los Angeles County has slowed in spite of strong demand.

One of Southern California's premier seaside resorts, the Ritz-Carlton, Laguna Niguel, has been sold for an estimated $600 million as the top end of the state's hotel market continues to thrive.