Month: June 2021

The index is 24.5 percent above its previous high point in 2006. (iStock) Home prices accelerated to new highs in April, a “truly extraordinary” surge that outpaced previous months’ record numbers. That was the term used by Craig Lazzara, global head of index investment strategy for S&P Dow Jones Indices, to describe the latest figures…

Kelly Clarkson and the Toluca Lake house (Compass, Getty) Kelly Clarkson has been doing a bit of housekeeping with her real estate portfolio. The Grammy-winning singer paid just under $5.5 million for a Toluca Lake Colonial, days after selling her Nashville, Tennessee, mansion. Clarkson, who last year filed for divorce from husband Brandon Blackstock, still…

(Getty / Photo Illustration by The Real Deal) A San Bernardino County couple was fined $18,000 for bulldozing 36 protected Joshua trees to build a home. A neighbor tipped off the California Department of Fish and Wildlife tipped off on the trees’ removal in February, according to the Los Angeles Times. A state wildlife officer…

Douglas Durst and his brother Robert Durst (Getty) New York real estate scion Douglas Durst finally took the witness stand at his brother Robert Durst’s murder trial. Testifying on the brothers’ troubled relationship, Douglas, the CEO of his family’s real estate firm, told jurors on Monday that he believes his brother wants him dead. “He’d…

Home365 CEO Daniel Shaked Greensoil’s Alan Greenberg (Daniel Shaked, Greensoil) Property management firm Home365 closed a $16.3 million funding round led by Canadian billionaire Alan Greenberg’s venture capital fund. The Santa Clara, California-based startup secured the funding from Greenberg’s Greensoil PropTech Ventures and from existing investors including Eyal Ofer, O.G. Tech Ventures, Verizon Ventures, Lool…

An ex-Surfside building official who was emailed a report about the Champlain Towers’ structural damage told residents the building was in good condition in 2018 (Getty) UPDATED, June 28, 6:47 p.m.: Residents of the collapsed Surfside condominium were told in 2018 that their building was in good condition. The town’s main building official at that…

Side CEO Guy Gal (Side, Getty) Side, the white-label brokerage with VC backing, has secured $50 million in its latest funding round, raising its valuation to $2.5 billion. Hedge fund Tiger Global Management led the round, Side announced Monday. Family office ICONIQ Capital, known for managing Mark Zuckerberg, Sheryl Sandberg and Jack Dorsey’s money, also…

Shares of Rocket Cos and LoanDepot rose while shares Fannie Mae and Freddie Mac plunged after Supreme Court ruling (Unsplash) The stock prices of Fannie Mae and Freddie Mac plunged following a recent Supreme Court ruling, but some big players in the mortgage sector could end up benefiting from the decision, the Wall Street Journal…

From left to right: Miami Beach mayor Dan Gelber, Miami-Dade mayor Daniella Levine Cava, Miami mayor Francis Suarez and Surfside mayor Charles Burkett (Getty) Miami-Dade County, Miami and Miami Beach are reviewing older buildings in the wake of the Surfside condo collapse that left residents concerned for their safety. Champlain Towers South, a 12-story, 136-unit…

UBS CEO Ralph Hamers (Getty, ING Group / Sander Stoepker) Not every bank is giving love to office landlords: UBS Group AG plans to deploy a hybrid work model. The Swiss multinational investment bank said about two-thirds of its employees will have flexibility to work at home for part of the week after they return…