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A foreign investor has quietly spent $65M
for Malibu real estate charred by January’s wildfires

Original Article

Posted By: JoElla Bee, 8/9/2025 2:23:30 AM

In the charred aftermath of Malibu’s January wildfires, one buyer has been moving in silence. While much of La Costa Beach remains a barren stretch of sand, a foreign investor has quietly acquired nine oceanfront lots — spending more than $65 million to secure some of the most coveted parcels along the Pacific Coast Highway, according to Realtor.com. Working through luxury agents Weston Littlefield and Alex Howe of the Weston James Group, the buyer is targeting properties with at least 40 feet of frontage, betting that once the coastline is rebuilt, demand from wealthy buyers will return in force.

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Reply 1 - Posted by: Catherine 8/9/2025 2:34:55 AM (No. 1988333)
Show of hands, who's surprised? Yeah, me either. Wonder if this investor's initials are OW.
31 people like this.

Reply 2 - Posted by: Strike3 8/9/2025 6:41:01 AM (No. 1988358)
Simple smart investment. Governor Hairgel and Large Mouth Bass are not lifting a finger to rebuild anything for the residents who lost homes and businesses. They continue to collect their hundreds of thousands in salaries and wait for the federal government (American taxpayers) to bail them out. They win, big insurance wins and the little people lose.
44 people like this.

Reply 3 - Posted by: FJB 2022 23 24 8/9/2025 9:29:23 AM (No. 1988424)
I would bet the greaser and the w(b)itch got a percentage of those millions!
23 people like this.

Reply 4 - Posted by: snowoutlaw 8/9/2025 10:13:25 AM (No. 1988443)
The State and the CA Coastal Commission may not permit re-building on the coast.
17 people like this.

Reply 5 - Posted by: NorthernDog 8/9/2025 10:38:17 AM (No. 1988447)
That doesn't surprise me at all. In the meantime the media is remarkably incurious about the cause of the fire. Most stories lead down a rabbit hole blaming 'climate change' and barely mentioning the empty reservoir and dry fire hydrants.
25 people like this.

Reply 6 - Posted by: Kafka2 8/9/2025 10:47:18 AM (No. 1988452)
It looks like there will be more land available soon from the August wildfire in California. Gov. Neusom is busy politicking while another widefire is burning. I guess he doesn’t think forest fires are worthy of his attention. Just more land to sell rich invest.
19 people like this.

Reply 7 - Posted by: paral04 8/9/2025 11:28:23 AM (No. 1988467)
This is awful. Who is benefitting from this because that land is probably worth a heck of a lot more.? It is a beautiful area.
11 people like this.

Reply 8 - Posted by: DVC 8/9/2025 11:38:36 AM (No. 1988474)
Foreign investor not identified.
18 people like this.

Reply 9 - Posted by: earlybird 8/9/2025 11:48:30 AM (No. 1988478)
About $7mil per lot? A steal. I have no idea who OW is. Maybe #1 will cut loose with a name? As for the Coastal Commission and the state, I'd like to see #4's reasoning. As I recall the beach to high tide line ia not private so public access cannot be denied. As for the fires, these are not "forest fires". Tjey are wildfires, brush fires. It has been very hot and dry. 100 degrees the last few days. What little rain we had simply fed the grasses that are burning. The current fire is being managed with water drops from Lake Piru. Yhe urban fires in Pacific Palisades and Altadena. are different. I have not seen a cause of the PP fire (which also moved across the highway to Malibu beach), but SCE is still under suspicion for a tower in Eaton Canyon where the Altadena fire began.
14 people like this.

Reply 10 - Posted by: mc squared 8/9/2025 11:53:17 AM (No. 1988480)
Lemonaid from a lemon, eh? Here's the website for the Weston James Group. Draw your own conclusion. https://www.westonjamesgroup.com/
6 people like this.

Reply 11 - Posted by: MickTurn 8/9/2025 7:40:32 PM (No. 1988608)
This IS why the homes were allowed to BURN DOWN, someone like this Slug was waiting in the wings to STEAL their property!
11 people like this.

Reply 12 - Posted by: franco 8/10/2025 12:21:35 AM (No. 1988665)
If the parcels along the PCH are the same ones I read about as they were burning to smitherenes a few months back, the California Coastal Commission has previously stated that those properties would, at some future date (probably the death of the owner/occupants) be taken into eminent domain and demolished so that ultimately no houses populate the beach area between the PCH and the Pacific Ocean. Makes one wonder if this foreign buyer has already been greasing the palms of people in CA government...
11 people like this.

Reply 13 - Posted by: billa57 8/10/2025 7:25:53 AM (No. 1988688)
Friends of Gavin? You can bet on it.
11 people like this.

Reply 14 - Posted by: planetgeo 8/10/2025 7:35:59 AM (No. 1988694)
Hey, I have a great idea (thinking like CA communists)! Let's build Section 8 housing projects there!
10 people like this.

Reply 15 - Posted by: Zigrid 8/10/2025 10:04:32 AM (No. 1988749)
Reality has finally set in...governor HAIRGEL...AND MAYOR...large mouth bass have squeezed out the changes of rebuilding the homes...BUT... the big money is able to buy...now how is that possible....it's called graft and political blackmail...if the big money dudes give enough for governor HAIRGEL's presidential run...they can have anything they want...and I'm sure mayor large mouth bass will reap the harvest also....
5 people like this.

Reply 16 - Posted by: Lawsy0 8/10/2025 10:20:14 AM (No. 1988756)
Casinos will appear as soon as they can be slapped together. These will not go to "Indigenous peoples." Going to the greedy, not the needy. (Cigars, cigarettes, tiparillos?)
3 people like this.

Reply 17 - Posted by: earlybird 8/10/2025 11:14:08 AM (No. 1988776)
Re #1, Oprah Winfrey is not foreign.
4 people like this.

Reply 18 - Posted by: Omen55 8/10/2025 7:33:37 PM (No. 1989000)
Could be the Chicoms backing this.
3 people like this.

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