Cybertrucks For Cops | Island Cheaper Than CA Home | CA Buisness News

CALIFORNIA — A lot is happening in California business news this week, including a California police department's expensive new showpiece, a Costco apartment complex and how a music video shoot cost local businesses thousands.

This week, a Southern California native told his story about how buying his own private island was cheaper than buying a home in his hometown. An employee at a luxury furniture company will face federal charges after allegedly defrauding his employer out of more than $10 million.

A recent analysis found that California had six of the worst cities for millennial homeownership rates.

Check out this week's top headlines for California business news on Patch:

• This CA Police Department Spent $150K On A Cybertruck: Reports
• CA Man Buys Island For Less Than The Price Of A House In His Hometown
• CA Restaurants Say They Lost Thousands During Kendrick Lamar Shoot
• This CA City Has The Lowest Millennial Homeownership Rate In The U.S.
• Former Williams-Sonoma Employee Accused Of Defrauding Company Out Of $10 Million

Quote Of The Week

"For land, especially coming from California, you cannot buy anything for that price. It's less than the price of a new car."
- Man who bought an entire island because homeownership in CA is too expensive

The Bottom Line

• This week, Gov. Gavin Newsom passed a law that protects actors from unauthorized use of their likenesses through AI.
• Officials broke ground this week on a mixed-use Costco that will have 800 apartment units above the warehouse store.
• Cruise, a self-driving taxi service offered by General Motors Co., said it will resume robotaxis in California this fall for the first time after an accident last October.

Freebie of the Week

Nobody would pass up the opportunity to get two weeks of free coffee. New Rewards Members at Dunkin Donuts can score a free medium-sized drink with any purchase every day for 14 days after joining.

More Restaurant News

Pink Taco Closes After 12 Years In West Hollywood: Report

Known for its bright pink exterior, Pink Taco's West Hollywood restaurant was the chain's last remaining LA outpost.

Malibu's AJA Vineyards To Open Santa Monica Wine Tasting Room

AJA Vineyards, located in the Malibu Coast viticulture area, is bringing its wines to Santa Monica.

NorCal Firefighters Support Local Lemonade Stand

The young dancers are raising money for a trip to Disneyland.

More Business News

Apple Releases AI Software For A Smarter Siri On The iPhone 16

The AI won't work on hundreds of millions of other iPhones.

Thousands Crowd Downtown San Francisco For Day 1 Of Dreamforce

Police cornered 4th and Mission streets offering security and traffic relief for congestion building on surrounding streets.

California Masons Donate $128,683 To Giants Community Fund

The donation supports the Masons4Mitts initiative, providing mitts to youth baseball players across California.

Former Landlord Fined $137,500 Over Housing Discrimination

"Housing providers must always comply with federal civil rights laws."

NorCal Farmers Pushing Back Against Factory-Farm Ballot Measure

Animal rights activists have successfully brought CAFOs- concentrated animal feeding operations, to the brink of shutting down.

Clover Creek Reopening At New Location

The popular gift store is back after closing its Main Street location last year.

SoCal Airport Ranked Best In North America

While traveling can be chaotic, one Southland airport was named North America's top large airport.

Disney Bros. Cartoon Studio Square Dedicated In Los Feliz

A century after opening their first studio in LA, the Disney brothers' Los Angeles beginning has been memorialized by the city.