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Month: September 2020

Refinancings, mortgage rates down as agencies postpone new fee

(iStock) Refinancing activity and mortgage rates were down last week, while new purchases held relatively steady — but still much higher than a year ago. The index tracking volume of mortgage applications to buy homes each week, known ...

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  • 02 Sep
  • The Real Deal
  • Uncategorized
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Radco sells multifamily portfolio for $316M

Radco CEO Norman Radow (iStock) Atlanta-based Radco Companies has been unloading its multifamily portfolio, piling up cash for what it hopes will be a discount shopping spree. This week alone the company sold six buildings in the ...

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  • 02 Sep
  • The Real Deal
  • Uncategorized
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Elias Shokrian advances 100-unit Westlake project

The corner property on W. 6th Street in Westlake (Credit: Google Maps) A Beverly Hills-based developer wants to move ahead with plans for a 100-unit mixed-use apartment complex on a Westlake corner. A filing with the Los Angeles ...

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  • 02 Sep
  • The Real Deal
  • Uncategorized
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“Wolf of Wall Street” producer to forfeit $60M in 1MDB probe settlement

Riza Aziz and (clockwise from left: 912 Hillcrest Road in Beverly Hills, Park Laurel in Manhattan and 2 Lygon Place in London (Getty, Google Maps, Realtor) Another suspect in the 1MDB embezzlement scandal has agreed to give up assets ...

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  • 02 Sep
  • The Real Deal
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CA bill would require real estate boardrooms to increase diversity

Assembly Bill 979 may affect 14 different real estate companies who have all-white boards (Credit: Warrick Page/Getty Images and Mario Tama/Getty Images) The California legislature passed a bill Monday that if signed into law would ...

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  • 02 Sep
  • The Real Deal
  • Uncategorized
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Tech startup inks $100M deal to help build 400 homes

Mosaic CEO Salman Ahmad and Mandalay CEO Dave Everson (Photos via Mosaic) With demand for new homes surging, a Phoenix startup is teaming up with a local builder to churn out 400 new homes using software that converts blueprints into ...

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  • 02 Sep
  • The Real Deal
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A house divided: Landlords split on whether to fight anti-eviction bill

A photo illustration of Daniel Yukelson and Thomas Bannon Last-minute legislation to halt California residential evictions has revealed a divide in political strategy among Golden State landlords. The California Apartment Association ...

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  • 01 Sep
  • The Real Deal
  • Uncategorized
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Evictions banned through December for most US tenants

President Donald Trump (Getty, iStock) The Trump administration today announced sweeping eviction protections in light of the health crisis. The public health order, a draft of which the Centers for Disease Control posted Tuesday ...

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  • 01 Sep
  • The Real Deal
  • Uncategorized
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Future City: A weekly guide to everything proptech

The Real Deal’s E.B. Solomont Investors have been pouring billions of dollars a year into proptech. The Real Deal has been tracking the exponential growth of the industry from its humble beginnings, such as startup Sunflower labs, to ...

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  • 01 Sep
  • The Real Deal
  • Uncategorized
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WFH saved Americans $90B in commuting costs: analysis

Americans saved $90 billion by working from home in the pandemic, according to a new study from Upwork (Getty) During the pandemic, many companies implemented a work-from-home policy to comply with local rules and to keep their ...

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  • 01 Sep
  • The Real Deal
  • Uncategorized
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