Real estate losses from the devastating Palisades and Eaton wildfires could exceed $30 billion, according to a new analysis by the Los Angeles Times. Feb. 21, 2025.

A Times analysis shows that half the homes destroyed in Pacific Palisades and Altadena were rentals, raising questions about the future of affordable housing in the communities.

Real estate losses from the devastating Palisades and Eaton wildfires could exceed $30 billion, according to a new analysis by the Los Angeles Times. The newspaper compared estimated property values from the Los Angeles County Assessor with Cal Fire’s assessments of structures that were damaged or destroyed in the January fires.

The Pacific Coast Highway partially reopens for Malibu residents and essential workers with enforced speed limits and potential delays.

A stretch of Pacific Coast Highway reopened Thursday morning for residents in Malibu and the Pacific Palisades who have passes. Officials with Caltrans District 7 said PCH would be “reduced to one lane in each direction with a 25mph speed limit.