A $110-million splash in Malibu was the whale of all L.A. sales in 2018

It was a year of new price heights for Los Angeles’ red-hot luxury housing market. But for all the $100-million spec homes and billion-dollar mountaintops debuted last year, off-market deals registered the biggest surprises.

Coastal communities such as Malibu and Pacific Palisades saw price records,…

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