A disgraced billionaire-turned-convicted-fraudster’s lavish Gilded Age mansion has undergone a $14 million price cut after he was found guilty of scamming “his loyal followers” out of more than $1 billion to fund... Read more »
Los Angeles’ Measure ULA transfer tax has crossed a significant revenue threshold. Nearly three years after being implemented, proceeds from so-called “mansion tax” have exceeded $1 billion, Commercial Observer reported. Under the... Read more »
If you’re thinking about buying a home or refinancing your current mortgage, you’re probably wondering what today’s mortgage rates are doing. Well, here’s the quick answer: they’ve taken a dip! As of... Read more »
Construction has begun on One Beverly Hills, a nearly $5-billion condominium and hotel complex that promises to transform the Beverly Hills skyline and be a commanding presence on its western edge. With... Read more »
Real estate investment management firm Pretium Partners has raised nearly $1 billion for a new fund dedicated to acquiring built-to-rent (BTR) homes, Bloomberg reported on Tuesday. The company led by former Goldman... Read more »
The U.S. Department of Housing and Urban Development (HUD) announced on Monday that it will distribute $3.16 billion in homelessness aid to communities across the country through its Continuum of Care program,... Read more »
Private equity giant Blackstone is set to acquire Tricon Residential in a deal valued at around $3.5 billion, the company announced last week. Blackstone entered an agreement to acquire all outstanding common... Read more »
Tricon is a landlord and developer of single-family rental homes in the United States and Canada with a portfolio of over 38,000 rentals. The verdict is in — the old way of... Read more »
The Federal Housing Administration (FHA) faces a potential loss of roughly $7 billion in receipts in 2024, and a failure by Congress to come to terms on certain spending agreements could force... Read more »