by Greg Wasik | Jul 30, 2024 | Los Angeles Real Estate and Appraisal News
In what may be a contrarian indicators of a bottoming market according to the WSJ, the 2nd quarter of 2024 saw commercial foreclosures hit $20.5 billion, the highest level since 2015. One difference now in the distressed market compared to before is that due to the...
by Greg Wasik | Jan 21, 2024 | Los Angeles Real Estate and Appraisal News
The San Francisco Centre, a vast shopping mall in Union Square, is now face with a significant decline in its estimated value, losing nearly $1 billion. Originally appraised at $1.2 billion in 2016, the property’s worth now stands at $290 million, as reported by...
by Greg Wasik | Dec 28, 2023 | Los Angeles Real Estate and Appraisal News
The AON Center in Downtown Los Angeles just sold for $147.8 million per the Real Deal. This sales price was a 45% discount from the October 2014 acquisition price of $268.5 million ($242/SF) paid by Shorenstein Partners. The buyer is Carolwood, a LA-based investment...
by Greg Wasik | Oct 28, 2023 | Los Angeles Real Estate and Appraisal News
Homestar Financial Corporation, headquartered in Gainesville, has declared its intention to discontinue its retail mortgage lending operations. The company, which has established itself as a prominent national mortgage purchase lender, has cited the increased...
by Greg Wasik | Oct 23, 2023 | Los Angeles Real Estate and Appraisal News
The U.S. Department of Housing and Urban Development (HUD) has recently introduced a significant policy change that promises to empower homeowners and promote housing affordability. This groundbreaking alteration allows the income generated from Accessory Dwelling...
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