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Month: December 2017

Uptick in SoCal home prices matches all-time high

Los Angeles housing (Credit: Wikimedia Commons, Pixabay) The median price for a home in Southern California jumped 8.6 percent in November compared to the same time last year, matching the all-time high of $505,000 only seen twice ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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WATCH: TRD discusses how global political turmoil could impact NYC real estate

From TRD New York: Over one turbulent weekend in November, the Ritz-Carlton in Riyadh was converted into the world’s most luxurious prison. At the behest of Saudi Arabia’s crown prince, the government rounded up some of the kingdom’s ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Sea Level Rise Will Flood Hundreds of Cities in the Near Future

Sea level rise caused by global warming is usually cast as a doomsday scenario that will play out so far into the future, it’s easy to ignore. Just ask anyone in South Florida, where new construction proceeds apace. Yet already, more ...

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  • 28 Dec
  • mahrrcusm7
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LA’s priciest residential sales in 2017

Clockwise from top: 3620 Sweetwater Mesa, 900 Stradella Road, and 1187 Hillcrest Road La La Land would be nothing if it wasn’t for its notorious traffic jams, ubiquitous palm trees and, of course, ridiculously expensive estates. This ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Altman brothers sued over “unattractive” home deal

Matt and Josh Altman (Credit: Getty Images, Wikimedia Commons) UPDATED, 8:00 p.m., Dec. 27: “Million Dollar Listing” stars Josh and Matt Altman are continually serving up the drama, both on and off the screen. The brothers are being ...

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  • 27 Dec
  • The Real Deal
  • Uncategorized
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The next threat to RE prices: demographics

Jerome Powell From TRD New York: Real estate executives are keeping an anxious eye on the Federal Reserve, but maybe they shouldn’t. Conventional wisdom holds that when the central bank raises short-term rates, long-term rates also ...

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  • 27 Dec
  • The Real Deal
  • Uncategorized
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Eagles rocker Don Henley helped buy a mountain in Laurel Canyon

Don Henley and the 17-acre mountain ridge in Laurel Canyon (Credit: Wikimedia Commons, Google Maps) It’s great place to take in a Tequila Sunrise. Preservation groups and hundreds of donors that included Eagles member Don Henley paid ...

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  • 27 Dec
  • The Real Deal
  • Uncategorized
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Going to the dogs: Brokers get creative with closing gifts

From TRD New York: Selling or buying a home can be a grueling process, and the months-long relationship between agent and client can lead to a friendship. So after closing a deal, some brokers want to leave their clients with more than ...

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  • 27 Dec
  • The Real Deal
  • Uncategorized
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Could tax reform kill the jumbo mortgage market?

First Republic’s Michael Roffler (Credit: LinkedIn, iStock) From TRD Miami: The GOP tax plan could put a squeeze on the market for jumbo mortgages, which banks have been leaning on more heavily since the financial crisis. Jumbo ...

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  • 27 Dec
  • The Real Deal
  • Uncategorized
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CIM in contract to buy 9460 Wilshire for $130M: sources

9460 Wilshire, with CIM Group principal and founder Shaul Kuba (Credit: Cushman & Wakefield) CIM Group is in hard contract to purchase the Union Bank of California building in Beverly Hills for roughly $130 million, The Real Deal ...

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  • 27 Dec
  • The Real Deal
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