Welcome back to the Real Estate newsletter, where a wild first week of May was marked by two bizarre home listings, two massive mega-project announcements and an intriguing new possibility for one of the country’s most fabled estates to come to market.

Tyrese Gibson’s Woodland Hills home features a prop from a movie, while an infamous house in Alhambra features a dark past. Known as the Pyrenees Castle, the estate was where late record producer Phil Spector shot actress Lana Clarkson to death in 2003 following a drunken night out in Hollywood. After years on the market, it finally found a buyer.

Over in the Arts District of Los Angeles, a new proposal hopes to turn an 1890s cold-storage plant into a $2-billion complex with housing, offices, shops and a hotel. Hollywood’s getting a substantial post-pandemic project as well, as one real estate developer filed plans with the city for a new film studio on Santa Monica Boulevard…

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