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Real Estate

Suburban Tenants Face Evictions in Increasing Numbers

March 6, 2023

Living in the suburbs isn’t a guarantee of being housed. The number of suburban families that have been evicted from their homes has been increasing for years, USA Today reports, citing a study by Princeton University’s Eviction Lab. “These findings remind us that housing precarity and homelessness are not just urban issues,” Scott Allard, professor […]

Canadian Foreign Buyer Ban Has Unintended Consequences

March 5, 2023

Canada’s two-year ban on the purchase of residential property by foreigners was supposed to help Canadian buyers and the real estate business. Instead, it’s created new headaches. Flaws in the language of the legislation are causing real harm, according to a note from the economics arm of the Canadian Imperial Bank of Commerce. The note […]

Commercial real estate continues to get pummeled

March 5, 2023

Commercial real estate continued to take it on the chin last week, and brokerages are preparing for even rougher times ahead. CBRE, JLL, Colliers and Cushman Wakefield, among others, are moving forward with cost-cutting measures, including layoffs as property sales and leasing eat into their profits. Symbolic of the tough times, the iconic — but […]

Real Estate Dealmakers Hit The Slopes This Ski Season

March 5, 2023

Daniel de la Vega just got back from Aspen, Philip Hordijk has been skiing in Davos, and Liz Hogan is off to Vail next week. It’s ski season, and any real estate player with a fondness for powder and adrenaline is hitting the slopes. When it’s time to shred, real estate’s dealmakers head to mountain […]

Estee Lauder Heir Lists Palm Beach Lots for Record $200M

March 5, 2023

Cosmetics heir William Lauder has listed two adjacent, empty Palm Beach parcels for an eye watering $200 million, The Wall Street Journal reported. If the oceanfront parcels — at 1063 and 1071 North Ocean Boulevard — fetch that price, it will be the most expensive sale for vacant land in Palm Beach history, the Palm […]

eXp Named in Explosive Sexual Assault Lawsuit

March 5, 2023

Four women have filed a civil lawsuit in California, accusing two eXp Realty real estate agents of drugging and assaulting or attempting to assault them between 2018 and 2020. In addition to the male agents, the complaint names eXp Realty and its parent company, eXp World Holdings, the Seattle Times reported. The Washington-based brokerage was […]

Lofts in West Hollywood / Beverly Hills, Koreatown, Arts District or DTLA – LA Loft Blog

March 5, 2023

ASK COREY Q: Where are your favorite lofts in West Hollywood / Beverly Hills, Korea town, Art District or DTLA? Corey Chambers, Broker A: Each of the neighborhoods you mentioned has a unique character and offers different types of lofts that may appeal to different individuals. My personal favorites for the price are Alta Lofts […]

Amazon Pauses Construction on Second HQ

March 5, 2023

As further evidence of office and tech malaise: Amazon confirmed on Friday that it has pumped the brakes on building the second phase of its second headquarters in northern Virginia, the Associated Press reported. The news that Amazon is pausing construction of PenPlace — three 22-story buildings as well as the 350-foot Helix center — […]

Unbuilt Arizona Estate Asks Record $75M

March 5, 2023

Residential real estate’s slowdown isn’t stopping developers from building what would easily be the most expensive home ever built in Arizona. Cullum Homes and Wow Luxury Properties announced last week they’re building the $75 million Palo Cristi Estate, replete with luxury amenities, in the Phoenix suburb of Paradise Valley, according to a release. The 33,000-square-foot […]

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