Month: July 2018

San Fernando homes (Credit: VRBO) The price of a single-family home in the San Fernando Valley grew 11.3 percent year-over-year in May to $708,000, reflecting a trend of increasing unaffordability in all pockets of Los Angeles County. The San Fernando Valley was once heralded as the affordable alternative to the more expensive Westside cities and…

Purplebricks’ CFO James Davies and USA CEO Eric Eckardt (Credit: Purplebricks and LinkedIn) UPDATED, 2 p.m., July 5: Purplebricks doubled its overall revenue, as the discount residential brokerage eyes capturing more market share in the U.S. Group revenue for the fiscal year 2018 ending in late April was $123.9 million, a 101 percent increase from…

After a month of inspired World Cup play in Russia, 32 teams have been narrowed down to eight, with the quarterfinals set for Friday and Saturday. Nearly all of the 736 players who began three weeks ago will go home empty-handed, having failed to win the title for their country. But where will they go?…

Yolo County Fire (Getty) A 70,000-acre wildfire in Yolo County in Northern California has put nearly 1,000 homes and businesses at risk, according to the authorities. The fire is only 5 percent contained and is burning near Lake Berryessa, just east of Sacramento, the Los Angeles Times reported. It’s being fueled by steep terrain and…

(Credit: Pixabay and iStock) If potential regulation from the government wasn’t enough to make a title insurance agent sweat, this might. Startups are increasingly entering the space. Startup Modus is launching in the greater Seattle area this week, which will allow real estate agents to use its platform as the title and escrow shop in…

Madonna and Harperley Hall at 41 Central Park West (Credit: Getty Images and Corcoran) Madonna needs to stop harassing the neighbors at her Upper West Side co-op, a Manhattan judge has ruled. The famed singer previously lost a legal challenge to a rule that required her to be in her Harperley Hall unit at 1…

Korda Group executives Robert & Erika Korda Korda Group is aiming for a home run near Dodgers Stadium. The Westside-based multifamily developer has proposed a six-story building with 158 apartments at Stadium Way in Echo Park, Urbanize reported. There will be a mixture of studio, one- and two-bedroom units at the property, set to rise…

LeBron James and his Brentwood homes (Credit: Keith Allison via Flickr, MLS) NBA superstar LeBron James never before played for the Los Angeles Lakers, but his announced move to the storied franchise represents something of a homecoming. The four-time league Most Valuable Player and three-time champion owns two homes in Brentwood, having spent a significant…

Bankers and family members lending money to a home for sale (Credit: Pixabay and iStock) As renters struggle to set aside money each month, companies are coming up with others ways for them secure down payments on homes. Nearly 40 percent of renters ages 25 to 34 don’t set aside any money each month for…

Rendering of CIM’s eight-story project at 926 Sycamore Avenue CIM Group is deepening its presence in Hollywood with another office development. The L.A. firm is planning an eight-story project at 926 Sycamore Avenue with around 45,600 square feet of office space and 7,500 square feet of ground floor retail space, according to Urbanize. Renderings from a…