Month: August 2018

StreetEasy was among the websites and apps struck by an anti-Semitic hack on Thursday that for a brief time labeled maps of New York City as “Jewtropolis.” The attack also affected Snapchat, Citi Bike and the New York Times — all of which use maps from the third-party company Mapbox. Reports surfaced this morning on…

Los Angeles skyline (IStock) A lack of developable land could be holding back the economy in Los Angeles. That’s according to one Bloomberg columnist, who says that Southern California’s issues with supply could be contributing to its recent slowdown in job growth. The L.A. Metro, which encompasses L.A. and Orange counties, posted a job growth…

A rendering of Icon Panorama and Bill Ruvelson A vandalized and crime-ridden site in Panorama City will finally see new life after nearly two decades of blight. In a unanimous vote on Wednesday, the City Council approved the massive Icon at Panorama development in the neighborhood in the San Fernando Valley. The project faced stiff opposition…

Mayor Robert Garcia and The Waterfront (Credit: VisitCalifornia, Wikipedia) Long Beach is reaching ever-higher in its era-defining development boom. In a public presentation on Tuesday, Mayor Robert Garcia outlined a taller, denser future for the city on the southern coastline of Los Angeles County. He announced the city’s plans to redevelop a parking lot —…

Gregory Medeiros, Gregory S. Bielli and the project The Regional Planning Commission voted 4-1 on Wednesday to advance the contentious Centennial project, drawing the potential for a new city to rise 60 miles north of Los Angeles a big step closer. The development, the subject of a protracted battle between developers and environmentalists for some…

Toll Brothers’ Doug Yearley and a home under contruction (Credit: Getty Images and iStock) Home builders are lagging behind the broader market. As the stock market returned to all-time highs and consumer confidence is strong, shares of home builders have taken a beating, the Wall Street Journal reported. Toll Brothers has tumbled 23 percent this…

Fortress Investment Group’s Wes Edens (Credit: Getty Images) Fortress Investment Group is in the midst of raising two real estate funds. The SoftBank Capital-owned investment firm is set to close a $1.5 real estate credit fund by the end of the year, and is raising another that will buy real estate debt along with other…

A house for sale and National Association of Realtors Chief Economist Lawrence Yun (Credit: Pixabay) Pending sales for existing homes nationwide dropped by 0.7 percent in between July and June, and have now fallen for seven straight months on an annual basis. The National Association of Realtors’ study of those sales suggests that the slowdown…

Langer’s storefront and one of the restaurant’s famous No. 19 pastrami sandwiches (Credit: T.Tseng and Sam Felder via Flickr) The longtime home of a Los Angeles institution is up for sale. The corner property of Langer’s Deli, L.A.’s most well-known purveyor of pastrami sandwiches, has been on the market for five days, according to the…

(Credit: iStock and Wikipedia) The value of all residential real estate in New York City is equivalent to the gross domestic product of France. That surprising — though not astonishing — statistic was among the findings in LendingTree’s new report. It ranks 50 U.S. cities by overall residential value alongside the gross domestic product of…