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Month: April 2021

Home price growth hits 15-year high

February were 10.4 percent higher than last year. (iStock) Home prices continue to skyrocket as low levels of inventory begin to depress the number of sales. CoreLogic Home Price Index, which tracks national home prices, showed prices ...

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  • 06 Apr
  • The Real Deal
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Woman killed during eviction at Miami rental tower

Brickell First building at 110 Southwest 12th Street (Google Maps, iStock) Miami-Dade Police shot and killed a woman they were trying to evict in a Brickell high-rise, after she opened fire on officers Tuesday afternoon. Police were ...

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  • 06 Apr
  • The Real Deal
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These US real estate titans made Forbes’ 2021 billionaires list

Lee Shau Kee, Glenn Sanford and Rich Barton (Getty, iStock) The world minted new billionaires at a rate of one every 17 hours in 2020 — and some of those came from the real estate industry. Zillow co-founders Rich Barton and Lloyd ...

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  • 06 Apr
  • The Real Deal
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Big Short investor buys $25M Miami Beach spec mansion

Don Mullen and James Curnin with the Sunset Islands spec home (Strang, Getty) Don Mullen, the former Goldman Sachs executive who bet against the U.S. housing market in what became called “the big short,” scooped up a waterfront Miami ...

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  • 06 Apr
  • The Real Deal
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Rising Realty and Fortress sell Park Calabasas to Gemdale for $79M

Rising CEO Christopher Rising and Park Calabasas Rising Realty has sold a 225,000-square-foot office campus in Calabasas for $79 million to Gemdale USA. Park Calabasas spans more than 20 acres at 4500 Park Granada and is one of a few ...

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  • 06 Apr
  • The Real Deal
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$54M sale nears for Comcast-leased e-sports studio

1840 Victory Boulevard in Glendale with Nuveen CEO Jose Minaya (Google Maps, iStock, TIAA) The e-sports industry has been taking off and the owners of a recently renovated studio in Glendale are taking advantage. Hileman Cowley ...

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  • 06 Apr
  • The Real Deal
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Famed Hearst estate relists for $90M as owner battles mounting debt

The Hearst estate (Redfin) One bankruptcy, multiple lawsuits and a scrapped auction later, the storied Hearst estate in Beverly Hills is getting another price cut. Leonard Ross is relisting his 5-acre estate once owned by William ...

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  • 06 Apr
  • The Real Deal
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Watch: Real estate brought the planet to the brink. Can it now save it?

There’s a triple threat for real estate players who take a head-in-the-sand approach to climate change, according to Brendan Wallace and Greg Smithies: Tenants will refuse to rent from you, regulators will throw the book at you and the ...

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  • 05 Apr
  • The Real Deal
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Some LA landlords tap savings, may sell properties to stay afloat

(iStock/Illustration by Alexis Manrodt for The Real Deal) More than a year into the pandemic, many Los Angeles landlords and property managers say they are tapping their savings, delaying maintenance work, and could be forced to sell ...

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  • 05 Apr
  • The Real Deal
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Lil Wayne pays $15M for Hidden Hills mansion

Lil Wayne and his Hidden Hills home (Getty, Redfin, iStock) Lil Wayne is the latest star to pay big bucks for Los Angeles residential real estate. The rapper dropped $15.4 million on a 12,000-square-foot home on Lasher Road, according ...

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  • 05 Apr
  • The Real Deal
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