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Month: April 2018

Keller Williams agent charged with price gouging during North Bay wildfires

The home on Blanca Drive in Novato, California Play with fire, and you might get burned. That may have been the case with a Keller Williams luxury agent charged with price gouging. The California’s attorney general says Melissa ...

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  • 23 Apr
  • The Real Deal
  • Uncategorized
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Natural gas billionaire said to be buyer of $110M Carbon Beach pad

The beach house on Malibu’s Carbon Beach (Credit: Richard Meier & Partners Architect LLP) A name has been put to the buyer on a record-breaking $110 million sale on Malibu’s Carbon Beach. The luxury real estate blog Yolanda’s ...

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  • 21 Apr
  • The Real Deal
  • Uncategorized
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Local developer proposes 44-unit mixed-use project in Venice

808-1816 S. Lincoln Boulevard in Venice Developer Wiseman Residential filed plans for a six-story mixed-use apartment building in Venice on Thursday. The Sawtelle-based company wants to build the 44-unit project at 1808-1816 S. Lincoln ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Are lower tax rates linked to higher home appreciation?

Nobody likes getting tax bills, especially homeowners who are burdened with ever-escalating local property taxes. Last year, property taxes collected by local and state governments rose by an average 6 percent — $293.4 billion in total ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Wells Fargo to pay $1B to settle claims of mortgage lending abuses

Wells Fargo’s Tim Sloan, Mick Mulvaney (Credit: Getty Images) Wells Fargo will pay a $1 billion to settle several allegations, including that it improperly charged mortgage customers fees to lock-in interest rates. The Consumer ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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One of Manhattan’s top firms is shutting down its resale and leasing business

Andrew Heiberger (Credit: STUDIO SCRIVO) Town Residential, the Manhattan brokerage that at its zenith was home to nearly 600 agents, is shutting down its resale and leasing business, The Real Deal has learned. The firm, founded and led ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Rent on, man: How Coachella Valley homeowners capitalize on festival season

Beyoncé during her 2018 performance at Coachella, and The Cielo Rock Estate (Credit: Getty Images) This year, it was estimated that roughly 125,000 people would show up to the Coachella Valley Music and Arts Festival during the ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Macerich CEO Art Coppola stepping down

Macerich’s headquarters in Santa Monica and Art Coppola It’s a new era at the Macerich Company. The shopping mall giant announced late Thursday that Art Coppola would step down as CEO of the Santa Monica-based real estate investment ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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LA County’s top 5 office investment sales of March

Pacific Concourse at 5220-5245 Pacific Concourse Drive The top office investment sales of March in Los Angeles County totaled nearly $127 million. They were led by two sales outside of the city, and includes one sale in the suburbs on ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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French developer buying Chinatown site for 26-story project

A rendering of the hotel at Cesar Chavez Avenue and North Spring Street. (Credit: Studio Gang) A French developer is purchasing a Chinatown property and has big plans for a sleek new development there. The roughly one-acre property at ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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