Kitty Wallace is still closing deals.As uncontained wildfires plagued Los Angeles on Thursday, the vice chair at Colliers Los Angeles had opened her Brentwood home’s doors to three evacuated families. And she knew that if the Palisades blaze kept developing, her household — which now consists of 12 people and two dogs, thanks to the flames — could be the next to evacuate.
Still, there was business to attend to. On Friday, she’s scheduled to close the sale of three multifamily buildings in Glendora, about 17 miles east of the Eaton fire, as part of a 1031 exchange. The buyer is a local player who watered his house, evacuated and got back to signing contracts via Docusign. The deal must go on, she said...
RSK: This and other disasters has pushed the insurance industry to the brink. It will effect everyone and not just homeowners but commercial property as well.
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- - Volume: 25 - WEEK: 3 Date: 1/14/2025 4:08:11 PM -