Photos: Devastation at Champlain Tower South
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Month: June 2021
Would-be tenant sues landlord Mike Nijjar for housing discrimination
Riverside County (iStock) A prospective tenant and Riverside County nonprofit group have sued landlord Swaranjit “Mike” Nijjar and his company for allegedly discriminating against Black would-be renters. James Beasley and the Fair ...
First lawsuit filed in deadly Surfside condo collapse
The suit cites public comments made by association attorney Ken Direktor that structural “repair needs had been identified,” but were not done (Getty) The first known lawsuit has been filed in the aftermath of the Surfside condominium ...
Another investment firm dips into single-family rentals
KKR CEOs George R. Roberts and Henry Kravis with My Community Homes CEO Marcos Egipciaco (Linkedin, iStock) There’s a new single-family landlord on the block — and it’s another investor. KKR & Co. will invest real estate and ...
99 missing in deadly Surfside condo collapse: Here’s what we know
Champlain Tower South at 9301 Collins Avenue (Getty) When the ocean-facing portion of the 12-story Champlain Tower South condo building in Surfside partially collapsed around 2 a.m. Thursday, it injured dozens and likely killed many ...
Biden extends CDC eviction moratorium one more time
Last week, 12 real estate groups co-signed a letter addressed to President Biden imploring the administration to allow the moratorium to expire (Getty) The Biden administration Thursday extended the federal ban on evictions for a ...
Compass stock down nearly 30% since IPO
Compass CEO Robert Reffkin (Getty, iStock) Less than three months after going public amid a wave of investor optimism about housing markets and enthusiasm for real estate technology, Compass shares have dropped almost 30 percent. ...
Proptech startup Lessen raises $35M in Series A funding
Lessen CEO Jay McKee and Fifth Wall managing partner Brendan Wallace (LinkedIn) Lessen, a rental property management platform, raised $35 million in Series A funding. The two-year-old company connects single-family and multifamily ...
Real estate mogul relists 180-acre Malibu compound
George Rosenthal with his 180-acre Malibu property (Getty, The Agency Real Estate) Real estate developer and hotelier George Rosenthal has relisted his 180-acre Malibu compound. Rosenthal is asking $38 million for the spread at 2900 ...
Biden ousts Fannie, Freddie overseer, leaving them in government’s hands
Mark Calabria and Sandra Thompson (Getty, FHFA) Investors who bet that Fannie Mae and Freddie Mac would soon be privatized have another thing coming. The Biden administration ousted the head of the Federal Housing Finance Agency after ...