TRD’s Top West Coast Stories This Week

San Francisco Mayor Daniel Lurie wants the rest of the city’s workforce back in the office more.

The Real Deal reported Lurie made it clear to workers still on a hybrid schedule they’ll need to return back to the office at least four days a week.

It’s a more specific approach to work than an earlier memo that broached the subject of increasing in-office work but fell short on specifics.

Workers have until April 28 to comply with the new policy.

Across the broader West Coast, the residential market continued to make headlines, including one on the launch of a new development firm that seeks to make waves in the marketplace.

Here are all of this week’s top headlines out of the West Coast.

LA’s lax approach to in-office work

Los Angeles is taking a different approach when it comes to a return-to-office policy, and it appears to be more of a patchwork philosophy.

L.A. Mayor Karen Bass hasn’t stated publicly whether the city’s workforce will be ordered back into their seats. The head of employee relations for the city administrative officer, Matthew Szabo, explained to The Real Deal each department is “doing their own thing.”

Shorenstein family comes out big on Sea Cliff sale

A home on San Francisco’s Sea Cliff Avenue sold for a record-breaking price.

The 8,300-square-foot home was purchased by the late Douglas Shorenstein, former Shorenstein Properties CEO and chairman, in 1988.

The home traded off market in January for 10 times what Shorenstein paid for it, closing at $30 million. The sale is now one of San Francisco’s priciest deals so far in 2025.

Former Cushman, CBRE CEO looks to sell Lake Sherwood estate

In other residential news, the former CEO of CBRE and Cushman & Wakefield hopes to find a buyer for his $16 million Lake Sherwood property in Thousand Oaks.

Brett White, current CEO of developer Discovery Land Company, bought the property in 2013 for $3.3 million. Now, he’s enlisted Compass’ Josh Flagg to sell the home, nicknamed Casa Blanco.

The 12,000-square-foot property is one of the upscale neighborhood’s priciest homes on the market.

Redeavor launches with a new proposition for new dev

Former executives from Official, The Agency, St Residential and other big-name industry companies have pooled their collective experience to form new development firm Redeavor.

Co-founder and Managing Principal Mike Leipart explained the company’s name is meant to reference the multi-year work that goes into selling a residential building, calling it the “long slog” to get to the finish line.

Leipart, the founder of The Agency Development Group, and Andrew Wachtfogel, co-founder of Redeavor and former new development president at Official, spoke with TRD about the industry, what markets they hope to expand into and why this was the right time to launch the business.

Tracking the money in LA’s rebuild post-wildfires

In Southern California, the residential real estate industry is helping clients through the rental and short-term housing process before the Pacific Palisades, Altadena and Malibu begin mass-rebuilding efforts.

Financing for rebuilds is now the looming question as some wonder how residents will pay for new construction, amid talk of tariffs and a construction worker labor shortage.