Month: August 2018

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For the The Real Deal’s first-ever subscriber conference call, managing issue editor Damian Ghigliotty sat down with reporters Will Parker and David Jeans to discuss money laundering in U.S. real estate. Check out the SoundCloud player to listen to the full conversation, and be sure to keep an eye out for more information on our…

Moody’s buying CRE data firm Reis in $278M deal

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Moody’s president Mark Almeida and Reis CEO Lloyd Lynford (Credit: nismvideos via YouTube and Twitter) Moody’s is buying Reis, the commercial real estate data company, in a deal valued at $278 million. The financial services company best known for its credit ratings is paying all cash to acquire Reis and incorporate its data archive of…

Lower credit scores, higher debt ratios opening opportunities for new home buyers

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Is it easier today for home buyers with a high debt ratio and sub-par credit scores to qualify for a mortgage than it’s been in years? And if so, what might that mean for first-time and repeat buyers who are struggling with credit and debt issues but still hope to buy a home? When the…

Santa Monica to allow e-scooter companies to take flight, but with limitations

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Bird CEO Travis VanderZanden, and Santa Monica (IStock) Bird is definitely the word. After a drawn-out battle between Silicon Valley techies and city officials, Santa Monica approved four e-scooter companies — Bird, Lime, Lyft and Uber — to operate in the city, Curbed reported. By cementing the companies’ presence, the legislation paves the way for…

Zoning law goes to Jerry Brown with far fewer teeth

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State Senator Scott Wiener and homes under construction When State Senator Scott Wiener introduced Senate Bill 828 in January, it doubled the amount of land local governments had to zone to meet local housing needs — a potential boon to multifamily developers across the state. By the time both houses of the state legislature approved…

Wildfires push insurers to abandon CA homeowners

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Firefighters battling a wildfire in California. As wildfires have grown in frequency and severity throughout California, insurers are abandoning homeowners in high-risk areas at a staggering pace. In both Northern and Southern California, homeowners have struggled to get companies to cover them to rebuild after they lost their homes. And the situation is getting more…

Russell Simmons sells home near Sunset Strip for $8M

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Russell Simmons with home on Sunset Strip (Getty/Agency) Music mogul Russell Simmons has sold a home in the Hollywood Hills for $8.125 million, in an apparent move to thin out his real estate portfolio as he battles allegations of rape and sexual harassment. The five-bedroom, 6,085-square-foot home is near the Sunset Strip, according to Variety.…

Nationwide rents remain largely flat during August: report

Aug 30, 2018

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Nationwide rents remain flat during August. (Credit: Getty Images) In the battle of West Coast versus East Coast, one might say the former just added another notch under its belt. The price for a one-bedroom in Santa Ana, located in Orange County, climbed 3.4 percent, knocking Miami off the list of the top 10 most…

Cushman stock price climbs as analysts begin coverage with bullish outlook

Aug 30, 2018

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Brett White and Cushman and Wakefield at 225 Wacker Drive in Chicago (Credit: 225WestWacker) Stock analysts began their coverage of Cushman & Wakefield with a largely bullish outlook on the newly public company. At least six brokerages started their coverage of the Chicago-based firm with ratings equivalent to a “buy,” MarketWatch reported Wednesday. The stock…

Palo Alto firm secures apartment complex in Los Feliz

Aug 30, 2018

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