Month: July 2018

Silicon Valley and Pacific Union International chief economist Selma Hepp New sales figures suggest that buyers in Silicon Valley are taking a breather from home-buying. Sales of homes under $1 million fell by 28 percent year-over-year in June. And sales above that grew by the smallest percentage seen over the last year, according to numbers…

Rick Ellison and a warehouse (Credit: Mark Hunter via Flickr) Strong demand has Los Angeles-area given industrial landlords in Los Angeles the confidence to be especially picky about their tenants, and that’s leaving many small companies without a place to go. Those smaller tenants find themselves competing with major national and Fortune 500 companies when…

Ed Fishman and the home Ed Fishman, a gaming and entertainment veteran, must be feeling lucky. The game show producer has relisted his home on private Escondido Beach Road in Malibu for $23.9 million, nearly $4 million more than he initially asked for last year. Spanning 6,100 square feet, the two-story home features five bedrooms…

Sotheby’s International Realty agent Marcus Beck and the Malibu beachfront (Credit: tensaibuta via Flickr) A Malibu broker says a competing agent at Sotheby’s International Realty has purloined his company’s name to drum up business. Adam Weintraub filed a lawsuit accusing Sotheby’s and agent Marcus Beck of illegally marketing his company’s name, Malibu Estates, without his…

(Credit: iStock) South Florida’s once booming housing market appears to be cooling down along with a majority of other metro areas in the United States, as median annual home prices slowed in the second quarter. The Miami metro area’s annual median home prices rose 6.4 percent to $266,000 from April to June, compared to an…

A rendering of a streetcar at Pershing Square The cost of the long-proposed Downtown Los Angeles Streetcar project is see-sawing once again. A new study by local, state, and federal agencies pushes the cost of the 3.8-mile-long service up to $291 million, according to Curbed. That new number — which amounts to $14,000 per foot…

A millennial stashing money into her mattress (Credit: iStock) Millennials would rather hoard cash than invest in real estate. Saddled with student loans and facing rising home prices, only 22 percent of millennials see real estate as an ideal investment, according to Inman. Savings accounts and other cash instruments are seen as the best option,…

The Real Deal’s Summer 2018 issue In times of uncertainty, cold, hard numbers are reassuringly straightforward. And as residential pros predict an imminent market correction and attorneys in our ranking of top real estate law firms say commercial investors are exercising caution in anticipation of a slowdown, complex algorithms and data-fueled A.I. software are looking…

Brookfield Chairman Ric Clark and GGP mall Shareholders of the Chicago-based shopping mall giant General Growth Properties voted Thursday to accept a buyout offer from Brookfield Property Partners, sealing one of the largest real estate deals in recent memory over a chorus of analysts who say the deal lowballs GGP’s value. The real estate arm…