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.

Markus Persson, creator of "Minecraft," is selling his Beverly Hills home for $70 million — the same price he paid for it in 2014.