Month: July 2021

Jim Harbaugh and 327 Stockbridge Ave, Atherton, CA (Redfin and Wikipedia) Former San Francisco 49ers head coach and Bay Area local Jim Harbaugh looks to sell his estate in the tony community of Atherton. Harbaugh, the head football coach at the University of Michigan, is asking $13 million for the 1.3-acre property, more than twice…

The Met Museum, Museum of Fine Arts, Boston, and California Indian Museum and Cultural Center (iStock and CIMCC) The Metropolitan Museum of Art in Manhattan dates back to 1880. The Museum of Fine Arts, Boston was built a decade before that. Both iconic and massive institutions hold some of the most important artworks in the…

Evergrande Group CEO Hui Ka Yan (Getty and Market Watch) The hits keep coming for Evergrande Group, China’s second-largest property developer. The company’s stock price has dropped more than 70 percent in the last year, its bonds are at record lows, it is in deep debt and on Monday, S&P Global Rating cut its credit…

Susan Rice (Getty, iStock) Susan Rice is taking up the mantle of fighting housing inequity, serving as co-chair for a task force studying inequity in home appraisals. The former U.N. ambassador and Obama administration national security advisor will lead the new interagency task force along with HUD Secretary Marcia Fudge, HousingWire reported Thursday. The Property…

Richemont Group CEO Jérôme Lambert and 411 N Rodeo Dr (Getty, Google Maps) There has been a reshuffling on Rodeo Drive. Luxury goods company Richemont signed a lease at a store that Guess is vacating for a spot one block away, The Real Deal has learned. Cartier, which is under the Richemont brand, is expected…

Rep. Alexandria Ocasio-Cortez and President Joe Biden (Getty) As President Joe Biden scrambles to save the federal eviction moratorium, some tenant advocates are expressing frustration that he waited until the 11th hour. The eviction moratorium is set to expire Saturday, which could leave millions of Americans in danger of being kicked out of their homes.…

Social Construct’s co-founders Ben Huh and Michael Yarne (iStock) Proptech startup Social Construct is shutting down operations, The Real Deal has learned. The construction-tech outfit, which aimed to streamline building planning and assembly with software and automation, will officially wind down in the fourth quarter, but the staff’s last day will be Aug. 1. Co-founders…

Photo Illustration of Donald Trump (Illustration by Kevin Rebong for The Real Deal) The Department of Justice has ruled that the Treasury Department must surrender former president Donald Trump’s tax returns to congressional investigators. The House Ways and Means Committee requested returns from Trump’s taxes dating back to the years before his presidency. The Trump…

The average iBuyer offer is now above 100 percent of market value. (iStock) Trust for iBuyers is not the only thing rising in the industry, as the prices they are offering for homes is also surging. A new report from real estate technology company zavvie on iBuying transactions over the first half of 2021 found…

A home burning in the Sierra Nevada earlier this week (Getty) The Dixie fire in Northern California has burned more than 40 structures and threatens another 10,700. The massive wildfire has destroyed 240,000 acres across mostly Plumas and Butte counties, according to the Los Angeles Times. It’s now the 13th largest wildfire in California history…