by Greg Wasik | Sep 30, 2017 | Los Angeles Real Estate and Appraisal News
…Some real estate executives in Texas are hoping to get rich quick with homes damaged by Hurricane Harvey.Longtime investor Ray Sasser detailed the strategy at a real estate conference in Houston this month: Buy up to 50 flooded homes for a fraction of what...
by Greg Wasik | Sep 30, 2017 | Los Angeles Real Estate and Appraisal News
The average L.A. County home seller made $200,000 in the sale of their home last year, according to a study from Zillow. That 53.7% gain, during a time of rising home prices nationwide, was better than 28 of the 33 metropolitan areas studied. Around Southern...
by Greg Wasik | Sep 25, 2017 | Los Angeles Real Estate and Appraisal News
…environmental groups agreed to a deal that will allow a new city of 58,000 residents to rise in the Santa Clarita Valley. The pact clears perhaps the largest remaining hurdle for the Newhall Ranch project, which was proposed during the development boom of the...
by Greg Wasik | Sep 21, 2017 | Los Angeles Real Estate and Appraisal News
…home prices jumped 7.5% from a year earlier, reinforcing new poll results showing widespread concern about the state’s housing affordability. Across the six-county region, the median price increased to $500,000 from $465,000 a year earlier, though down slightly...
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...
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