New Zealand Billionaires Acquire Malibu Beachfront Lots Post-Palisades Fire

1 min read
Source: ABC7 Los Angeles
New Zealand Billionaires Acquire Malibu Beachfront Lots Post-Palisades Fire
Photo: ABC7 Los Angeles
TL;DR Summary

New Zealand billionaire brothers Mat and Nick Mowbray plan to build 16 luxury prefab homes on Malibu beachfront lots they purchased, aiming to rebuild the community after the 2023 Palisades Fire, but their plans raise concerns about community impact and development size restrictions.

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