Month: September 2021
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On top: Killers’ Dave Keuning pays $10M for Hollywood Hills home
Dave Keuning, 7100 La Presa Drive and Joel Simkhai (Getty Images, Zillow.com) The Killers’ lead guitarist and co-founder Dave Keuning is on top, as one of the band’s songs goes, after paying $9.6 million for a Hollywood Hills mansion. Grindr founder Joel Simkhai sold the 8,400-square-foot property at 7100 La Presa Drive, according to Dirt.…
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Robbie Williams asks $9.2M for his sprawling English estate
British pop star Robbie Williams and his wife Ayda Fields are looking to sell an English country estate (Getty Images, Knight Frank) British pop star Robbie Williams and his wife, Ayda Fields, aim to sell their English country estate in a strong market for the stately properties. The couple is asking £6.75 million, or $9.2…
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Nearly 100K homes sold across UK in August ahead of tax break expiration
Country homes in the United Kingdom (iStock) Close to 100,000 homes across the United Kingdom sold in August ahead of the expiration of a government tax break. The surge of sales marked a near 21 percent increase from August 2020, and 32 percent more than the total sales in July when seasonally adjusted, according to…
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Creepy dolls helped sell this New Orleans home super fast
One of the many listing photos with dolls for the New Orleans house (NOLA Living Realty) How do you turn a dilapidated home in New Orleans into the top listing on Realtor.com and sell it in just a day? Two words: Creepy dolls. NOLA Living Realty agent Tony Bertucci leaned into what he called his…
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Real estate stocks slide as China spooks investors
China’s real estate sector rankled investors this week as the country’s second largest property developer missed a deadline to pay its overseas bondholders. Evergrande, which has built residences in every one of China’s regions, now has 30 days to cure the coupon payment before it defaults. Investor uncertainty over China has grown since regulators scuttled…
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Appeals court reverses order requiring LA to house all of Skid Row’s homeless
(Getty Images) An appeals court reversed a lower court judge’s order from April that required Los Angeles to house all of Skid Row’s homeless by the fall. The appeals panel said in an opinion issued Thursday that District Court Judge David O. Carter’s “order was largely based on unpled claims and theories,” according to the Los…
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Grammy winner Kelly Clarkson sells 10K sf Encino mansion
Kelly Clarkson and the Encino property (Getty, Compass) In her latest real estate deal, Kelly Clarkson sold off the 10,000-square-foot Encino mansion she had shared with her ex-husband. The three-time Grammy winner sold the home at 16174 Woodvale Road for $8.2 million, according to Dirt. She and her ex-husband Brandon Blackstock paid $8.5 million for…
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Dubai developer revealed as $120M bidder for Surfside collapse site
Damac Properties founder Hussain Sajwani and the Surfside collapse site (Damac, Getty) UPDATED, Sept. 24, 3:30 p.m.: Damac Properties, a Dubai-based developer, is the stalking horse bidder for the collapse site of Champlain Towers South in Surfside, The Real Deal has learned. East Oceanside Development LLC, a Delaware corporation tied to publicly traded Damac, signed…
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$25K grants target low-income homeowners for granny flat construction
California Offers $25K To Low-Income Households For ADUs (iStock) California plans to pay low-income homeowners $25,000 toward the construction of granny flats in an effort to boost housing supply statewide. The grants will go to homeowners earning 80 percent or less of area median income, according to the Los Angeles Daily News. Granny flats —…
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Mortgage market stakeholders are unprepared for growing climate change threats
An industry report says that mortgage lenders and investors are ill-prepared for the growing challenge of climate risk. (iStock) The growing threat of climate risk could put the entire mortgage market underwater if all parties involved don’t begin to prepare soon, according to an industry report. The report from the Mortgage Bankers Association’s Research Institute…
