CIM sells 888 at Grand Hope Park Complex in LA for $186M
CIM Group sold 888 at Grand Hope Park for $186 million, lower than the initial asking price of $236 million.
Buyer FPA Multifamily funded the purchase with a $105 million loan and recently acquired a two-property apartment portfolio in Ventura County for $153 million. [ more ]
Five residential projects designed by luxury car companies
Luxury car brands including Bentley, Bugatti, Aston Martin and Porsche are making the move into high-end homes.Here are five houses and skyscrapers designed by car companies.Last month Bugatti unveiled its first residential development in Dubai.The tower is the latest foray into real estate by luxury car brands, which are now developing numerous high-end apartments and houses.
LA Antitrust Lawsuit Targets NAR, Local Brokerages
Antitrust lawsuits targeting residential players have reached Los Angeles, with local branches of the National Association of Realtors and various brokerages named as defendants.
Plaintiffs in the case claim that NAR practices hinder innovation and entry by new, lower-cost real estate brokerage service providers, and that its policies keep buyer broker commission at artificially high levels. [ more ]
Jackie Chan's onetime Beverly Hills address sells for $10.875 million
Homes in Beverly Hills, Malibu, and Pacific Palisades were the most expensive residential real estate sales in the greater Los Angeles area last week.
A home once owned by Jackie Chan in Beverly Hills sold for $10.875 million, $3.075 million more than its previous sale in 2013.
Other notable sales include a Mediterranean-style home in Beverly Hills that sold for $7.25 million and a Traditional home in Pacific Palisades that sold for $6,157,800. [ more ]
Bugatti unveils design for first residential skyscraper
Luxury car manufacturer Bugatti has revealed the designs for its first foray into residential real estate - a 42-storey skyscraper in Dubai that will have two garage-to-penthouse car lifts.Developed in partnership with Dubai-developer Binghatti, the Bugatti Residences will be the first residential building branded with the car manufacturer's name.
In re Charger Ventures: Federal Circuit Affirms TTAB Denial of Trademark Registration
By Dennis Crouch In re Charger Ventures, - F.4th. -, 22-1094 (Fed.Cir.2023) In this trademark case, the Federal Circuit affirmed a decision by the Trademark Trial and Appeal Board (TTAB) denying registration of the mark SPARK LIVING for residential real estate, based upon the prior registration of SPARK for commercial real estate.
U.S. previously owned home prices fall for first time since 2012
Bloomberg photo by Jeremy Erickson The median sales price of a previously owned U.S. home slid in February for the first time since 2012, offering some relief for buyers still faced with high borrowing costs.The median price slipped 0.2% in February from a year earlier to $363,000, according to the National Association of Realtors.
Calabasas-Based Developer Guilty of Faking Tax Returns
A Calabasas-based developer who has allegedly moonlighted as an abusive porn director has pleaded guilty to faking tax returns and failing to disclose false income on a bankruptcy petition.Mark Handel, 68, agreed to plead guilty to two charges, one for filing a false statement during bankruptcy and a false tax return, according to a Department of Justice release on Monday.
RBM of California Buys Film Company HQ in Sawtelle
RBM's Hiro Kobayashi with 11264 La Grange Avenue (LinkedIn, Google Maps, Getty) Whitewater Films has sold its nearly 22,000-square-foot office headquarters in West Los Angeles for an undisclosed price.The Sawtelle-based entertainment firm sold four parcels at 11264 La Grange Avenue in Sawtelle's Japantown, the Los Angeles Business Journal reported.
With the real estate market slowing down will we see foreclosures? Boston Condos For Sale Ford Realty
With the rapid shift that's happened in the housing market this year, some people are raising concerns that we're destined for a repeat of the crash we saw in 2008.But in truth, there are many key differences between what's happening today and the bubble in the early 2000s.One of the reasons this isn't like the last time is the number of foreclosures in the market is much lower now.
Boston Condo Demand Is Strong, Despite Low Inventory Boston Condos For Sale Ford Realty
Nationally,, residential real estate for single-family homes and locally for Boston condos for sale are still in high demand, despite low inventory.View this YouTube video for the latest update for national real estate sales market, Read all Ford Realty Google Reviews.Click Here: Google Reviews for Ford Realty Here what people are saying about Ford Realty
At Side Convention, Optimism Means Laughter in Down Market
Photos from Side x Side conference (Photos by Andrew Asch for The Real Deal, Getty) During his keynote address at Side's annual conference, the white-label brokerage's co-founder Guy Gal poked fun at the current down market for residential real estate.Dressed in a hoodie and Nike Kobe A.D. sneakers, Gal remembered agents fantasizing about putting themselves to a grueling test during the bonanza market of 2021.
Compass Agents Predict Strong Market 2023, Housing Economist Much More Pessimistic Boston Condos For Sale Ford Realty
From left: Compass' Leonard Steinberg and Robert Reffkin (Getty, Compass) Local bias explains a phenomenon in investing in which people concentrate their portfolios in their own country.Only one nation's stock market can perform the best, which means investors everywhere else are making a mistake.Apparently it exists in residential brokerage as well.
Jackie Chan's onetime Beverly Hills address sells for $10.875 million
Homes in Beverly Hills, Malibu, and Pacific Palisades were the most expensive residential real estate sales in the greater Los Angeles area last week.
A home once owned by Jackie Chan in Beverly Hills sold for $10.875 million, $3.075 million more than its previous sale in 2013.
Other notable sales include a Mediterranean-style home in Beverly Hills that sold for $7.25 million and a Traditional home in Pacific Palisades that sold for $6,157,800. [ more ]
Jackie Chan's onetime Beverly Hills address sells for $10.875 million
Homes in Beverly Hills, Malibu, and Pacific Palisades were the most expensive residential real estate sales in the greater Los Angeles area last week.
A home once owned by Jackie Chan in Beverly Hills sold for $10.875 million, $3.075 million more than its previous sale in 2013.
Other notable sales include a Mediterranean-style home in Beverly Hills that sold for $7.25 million and a Traditional home in Pacific Palisades that sold for $6,157,800. [ more ]