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Month: July 2021

Survey says: Housing listings suck

(iStock) After a year lived primarily through a screen, a study finds that the real estate industry fails to optimize online listings. Of 12,500 analyzed properties posted on Realtor.com and Zillow from March through June, 94 percent ...

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  • 09 Jul
  • The Real Deal
  • Uncategorized
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Fundrise assembling big office, retail portfolio in LA neighborhood

Fundrise CEO Ben Miller (LinkedIn, Fundrise) Backed by mostly small investors, real estate startup Fundrise is developing a sizable portfolio of commercial properties in a section of Los Angeles. The company has scooped up mostly small ...

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  • 09 Jul
  • The Real Deal
  • Uncategorized
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SVN partners with Walton Global on build-to-rent venture

Walton CEO Bill Doherty and SVN | SFR Capital Management CEO Jeff Cline (Walton, SVN | SFR) SVN | SFR Capital Management and Walton Global Holdings USA are charging head first into the single family rental space. The firms on Thursday ...

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  • 08 Jul
  • The Real Deal
  • Uncategorized
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@properties acquires lead generator Suburban Jungle

@properties co-founders Thad Wong and Mike Golden with Suburban Jungle’s Alison Bernstein (@properties, Suburban Jungle) Expansion plans for @properties got a boost from its acquisition of Suburban Jungle, the New York-based ...

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  • 08 Jul
  • The Real Deal
  • Uncategorized
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Surfside collapse a “come to Jesus moment” for South Florida’s condo market

(Getty) The condo collapse in Surfside has put older buildings under the microscope: pausing deals, propelling associations to move forward with repairs, and generally creating trepidation for buyers and sellers. The partial collapse ...

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  • 08 Jul
  • The Real Deal
  • Uncategorized
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Why rent will rise by 2.8% this year

Extremely high home prices are increasing demand for rentals, pushing up national average rent. (Marcus & Millichap, iStock) The white-hot housing market is now heating up the rental market too. Nationally, the average effective ...

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  • 08 Jul
  • The Real Deal
  • Uncategorized
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USC presidential mansion sale breaks record

1550 Oak Grove Ave When the University of Southern California’s presidential mansion hit the market for $25 million in February, luxury property sales were up but buyers were receiving discounts. That was not the case here. The Seeley ...

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  • 08 Jul
  • The Real Deal
  • Uncategorized
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Boomers’ grip on housing market leaves younger buyers out in the cold

Members of the cohort born between 1946 and 1964 have now held more real estate wealth than any other generation. (iStock) Baby boomers are holding on to their homes ‘til death do them part. Members of the cohort born between 1946 and ...

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  • 08 Jul
  • The Real Deal
  • Uncategorized
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Permits for planned LA developments are building

(iStock) Permit approvals for new construction projects in Los Angeles are rising for the first time since the beginning of the pandemic. The Department of Buildings and Safety issued 55 percent more permits in the second quarter ...

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  • 08 Jul
  • The Real Deal
  • Uncategorized
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Compass shares lost more than $3B of value in three months of trading

Compass CEO Robert Reffkin (Getty, iStock) It took Compass just three months as a public company to lose more than $3 billion of market value. The stock closed at $12.25 on Wednesday, a new low that gave the company a market value of ...

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  • 07 Jul
  • The Real Deal
  • Uncategorized
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