www.palisadesnews.com
June 2025
Real Estate Trends Emerge in Palisades as Rebuild Begins With an estimated 2,000 properties affected by the fires, these initial sales represent only a fraction of what’s expected In the five months following the devastating fires that swept through Pacific Palisades, 67 land sales have closed, offering early insight into post-disaster buyer behavior and property ownership trends, according to local real estate broker Anthony Marguleas of Amalfi Estates. The data, based on sales recorded through early June, shows that 12% of transactions occurred off-market—a percentage consistent with pre-fire patterns, suggesting little change in private dealmaking practices despite the area’s
upheaval. A closer look at buyer activity reveals limited bulk purchasing by any single entity. “No buyer owns more than three properties,” Marguleas said in a statement. One developer purchased three parcels, while three others acquired two each. The anticipated influx of large-scale institutional investors buying up dozens or hundreds of lots has not materialized, alleviating some community concerns about corporate consolidation. Ownership structure also sheds light on intent: 29 of the 67 parcels were purchased in personal names or trusts, suggesting owner-user interest. The remaining lots were acquired by LLCs or corporations, likely indicating developer or investor activity. “Roughly half of these buyers appear to be planning to rebuild for personal use, with the rest representing investment or development interests,” said Marguleas. With an estimated 2,000 properties affected by the fires, these initial 67 sales
represent only a fraction of what’s expected in the months and years ahead. Marguleas emphasized the importance of monitoring these early trends as a gauge of rebuilding
momentum and community recovery. “This is still the beginning,” he noted. “But it gives us a valuable snapshot of what’s happening on the ground.”
Gladstones to Reopen After Suffering Partial Fire Damage, Offers Discounts to Locals The eatery returns with a remodeled deck designed by an award-winning architect and a new mural Gladstones, a beloved seaside restaurant in Malibu, will reopen its public deck on July 4, 2025, nearly six months after suffering partial damage in the devastating Palisades Fire, marking a milestone in the community’s recovery, the restaurant announced. The iconic eatery, a West Los Angeles dining staple for over 50 years, was spared complete destruction in the January 2025 fire that scorched nearly 18,000 acres and destroyed over 5,300 structures. General Manager Jim Harris reported at the time that while an outside storage area burned, the restaurant largely withstood the blaze, though parts were seen smoking. The reopening of the remodeled deck, designed by award-winning architect Stephen Francis Jones, features ample
Highway, has been under the ownership of Gladstones Legacy Group since October 2023, when staff members, including Harris, the assistant manager, chef, and parking lot manager, formed a new ownership team to keep it operational after a county lease transition. A special sunset preview event on July 3 will feature food, drinks, and appearances by local officials, though specific attendees were not disclosed.
space for families and visitors to gather by the ocean. A new mural by Los Angeles street artist Jonas Never adorns the space, paying tribute to local culture and resilience.
To thank the community, Gladstones will offer 50% off food and drinks throughout July to Malibu and Pacific Palisades residents, as well as first responders. The restaurant, located at 17300 Pacific Coast
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