by Greg Wasik | Sep 16, 2017 | Los Angeles Real Estate and Appraisal News
Boxer Floyd Mayweather Jr. has bought a home in Beverly Hils. …Floyd Mayweather Jr. has purchased Beverly Hills home for $25.5 million. The French modern-style home, built in 1992 and renovated in 2015 by spec developer Nile Niami, encompasses slightly...
by Greg Wasik | Aug 23, 2017 | Los Angeles Real Estate and Appraisal News
The $142.3M Westside Pavilion loan was put on the servicer watchlist earlier this month. TreppWire reports. “[The] property performance has been trending downward.” The loan was originally underwritten with a debt-service coverage ratio of 1.40. The ratio...
by Greg Wasik | Aug 19, 2017 | Los Angeles Real Estate and Appraisal News
The Los Angeles Times reports that the music power couple has bought a newly built, contemporary mansion in Bel Air. The reported price is $90 million for the sleek, hotel-like spread. At that price it will set a year-to-date record as the most expensive home sale in...
by Greg Wasik | Aug 9, 2017 | Los Angeles Real Estate and Appraisal News
…A Nantucket-style estate in the Hill Section of Manhattan Beach has sold for $20 million, making it among the priciest residential transactions in the history of the South Bay community. The sale of the spacious 30-room house is bested only by a multifamily...
by Greg Wasik | Aug 8, 2017 | Los Angeles Real Estate and Appraisal News
…Home prices surge in Southern California and nationwide. There’s a lot of demand, and houses for sale are still scarce. In Los Angeles County, the median price in June jumped 7.4% from a year earlier to $569,000, surpassing the previous record set in May....
by Greg Wasik | Jul 11, 2017 | Los Angeles Real Estate and Appraisal News
…Oceanwide Plaza, a billion-dollar development in downtown Los Angeles, unveiled plans today for Park Hyatt Los Angeles Residences. On the drawing board: A collection of 164 private residences which will be the first major Park Hyatt-branded dwellings on the...
by Greg Wasik | Jun 22, 2017 | Los Angeles Real Estate and Appraisal News
The Los Angeles County median hit $560,500 in May amid a persistent housing shortage and strong demand from buyers. According to a report released Wednesday from real estate firm CoreLogic, the county’s median price in May rose 6.8% from a year earlier to reach...
by Greg Wasik | May 30, 2017 | Los Angeles Real Estate and Appraisal News
.Three years ago, Los Angeles city officials demanded that builders halt work on a colossal mansion in the rarefied hills of Bel-Air. The massive home being erected on Strada Vecchia Road was bigger and taller than allowed, city prosecutors said. It also included...
by Greg Wasik | May 18, 2017 | Los Angeles Real Estate and Appraisal News
…A homeowner has filed suit against online realty giant Zillow, claiming the company’s controversial “Zestimate” tool repeatedly undervalued her home, creating a “tremendous road block” to its sale. The suit, which may be the first of its kind, was filed in Cook...
by Greg Wasik | May 16, 2017 | Los Angeles Real Estate and Appraisal News
…A mixed-use development that would be among the biggest in Hollywood history will face public scrutiny with the planned release Thursday of its draft environmental impact report. Dubbed Crossroads Hollywood, the project aims to freshen up the historic...
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