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Month: August 2021

LA is nation’s second least affordable housing market: report

(iStock) No surprise here: Los Angeles is still extremely unaffordable. The City of Angels again ranked as the country’s second least affordable city for prospective homebuyers, according to a report published Monday by the website ...

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  • 30 Aug
  • The Real Deal
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Hurricane Ida batters Louisiana coast, leaving 1 million without power

A section of a roof that was blown off of a building in the French Quarter (Getty) Hundreds of helicopters and boats ferried rescuers through New Orleans to save people trapped by floodwaters in the wake of Ida, a Category 4 hurricane ...

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  • 30 Aug
  • The Real Deal
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Beverly Hills estate once owned by Paramount Pictures, Charles Fries, lists for $25M

Charles Fries (Getty) An estate in Beverly Hills once owned by Paramount Pictures and later by producer Charles Fries is hitting the market for $25 million. The main house was built in 1931 and spans about 10,200 square feet, according ...

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  • 30 Aug
  • The Real Deal
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California Senate bill to end single-family zoning could increase affordable housing

Berkeley mayor Jesse Arreguin (Sylvia Fredriksson/Flickr, iStock) California lawmakers gave initial approval to a bill that would allow for two-unit buildings to be built on lots that had previously been limited to single-family home ...

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  • 30 Aug
  • The Real Deal
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REEF Technology and Archer Aviation to run air taxis from parking garages

A rendering of Archer’s proposed air taxis from REEF’s parking garages (Archer/Twitter) REEF Technology has unused flat rooftops. Archer Aviation has electric mini-helicopters. Together, they might have something. The two firms are ...

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  • 29 Aug
  • The Real Deal
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Property wing of world’s most indebted developer posts rare earnings loss

Evergrande Group CEO Hui Ka Yan (Getty) China Evergrande Group warned that its real estate wing recorded a loss in the first half of the year for the first time since at least 2009. The company’s property business incurred a loss ...

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  • 29 Aug
  • The Real Deal
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California town buys land to create fire break

A street where every house had burned down after the 2018 fire in Paradise (Getty) A California town devastated in the 2018 Camp Fire is buying up its most vulnerable properties to stave off future fires. Paradise city officials want ...

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  • 29 Aug
  • The Real Deal
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Court blocks Lake Tahoe resort expansion over environmental issues

The original 1960 Winter Olympic rings in the Squaw Valley Ski Resort (Getty) A California appeals court blocked a long-planned expansion of Squaw Valley Ski Resort over environmental concerns. The development would have 850 ...

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  • 28 Aug
  • The Real Deal
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Cash buyers snatch a third of US home sales

More and more homebuyers and investors are coming to the negotiating table with cash in hand. (iStock) Single-family home in Buffalo or Detroit More and more homebuyers and investors are coming to the negotiating table and closing ...

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  • 28 Aug
  • The Real Deal
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Basketball legend Bill Russell asks $2.6M for Seattle home

Bill Russell and the Mercer Island home (Getty, Redfin) The Seattle Supersonics are long gone, but the house of its most famous coach is still around — and is now for sale. Basketball Hall of Famer Bill Russell has listed the modest ...

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  • 28 Aug
  • The Real Deal
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