$1-Rent Retail Space + CA's Most Expensive Home Sale: CA Business News

CALIFORNIA — From retail space in one SoCal city available for just $1 per month to how one facility's closure cost 400 people their jobs, a lot is going on in California business news this week.

This week, California's record for the most expensive home ever sold, previously held by Beyonce and Jay-Z, was broken. After 55 years in business on Sunset Boulevard, Arby's restaurant, with its landmark 10-gallon hat sign, is shutting down.

One SoCal couple is paying $5,100 a month to live out their California dream in a trailer on the beach.

Check out the highlights of this week in California business news on Patch:

$1 Rent? Storefronts Available For Pennies In This SoCal City

A SoCal city is offering small businesses retail space for a mere $1 per month.

$5,100 A Month For A Trailer? Inside One Couple's California Dream

The pair wanted to live in Laguna Beach, so they renovated a less than 1,000-square-foot aluminum-sided trailer, the owner wrote for CNBC.

Major Company Abruptly Closes IE Facility, Over 400 Jobs Lost

The state received notice in recent days that the center would close, with the job losses effective Aug. 15.

Grateful Dead House For Sale In Bay Area, Priced At $2.7M

The 106-year-old home where Jerry Garcia named the Grateful Dead is on the market.

CA's Most Expensive Home Sale Ever: Malibu Estate Shatters Record

Jay-Z and Beyoncé previously set the state real estate record. Now, their new neighbor in Malibu has snatched that title.

More restaurant news:

• OC Filipino Restaurant Survives Hate-Fueled Vandalism, Finds Support
• Hollywood Arby's Closes After 55 Years On Sunset Boulevard

More business news:

• Stoneridge Mall Opening 4 New Stores
• 2 New Stores Open In City Center
• The Wave Offering Free Tickets For Adults Friday
• Manhattan Beach EV Maker Files For Bankruptcy
• Another Hotel Proposed For Old Town Temecula