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REAL ESTATE NEWS

  • Trio of 'Real Housewives' run the gamut in Los Angeles-area real estate

    Trio of 'Real Housewives' run the gamut in Los Angeles-area real estate

    When it comes to the “Real Housewives” franchise, the drama isn’t limited to the television screen. Various cast members often provide real estate fodder, especially recently.  In Venice, Stephanie Hollman of “The Real Housewives of Dallas” has sold a newly transformed home for $5.61 million. That’s...

  • 2017: What's next in housing

    2017: What's next in housing

    Expect increased rent prices in San Diego County next year and many of the same hurdles to get new homes built.  That’s at least some of the consensus coming out of two real estate forecast conferences in San Diego this week attended by builders, landlords and investors.  There was cautious optimism...

  • Developer details high-rise residential, retail plans for historic L.A. Times property

    Developer details high-rise residential, retail plans for historic L.A. Times property

    The new property owner of the historic Los Angeles Times building unveiled details Friday about its plans to dramatically transform the downtown Civic Center with high-rise residential towers and a host of stores. Onni Group, a developer in Vancouver, Canada, bought the 202 W. First St. property...

  • Your apartment might make a great condo

    Your apartment might make a great condo

    If there was any question about demand for condos in San Diego County’s housing market, Hillcrest’s Deca complex may have answered it. The luxury condos on Park Boulevard, starting near $500,000, went on sale last week. In five days, eight of the 31 units up for sale had sold, developers said. ...

  • What $1 million buys in Beverly Crest, Hollywood Hills and Sherman Oaks

    What $1 million buys in Beverly Crest, Hollywood Hills and Sherman Oaks

    A million dollars, once a line for defining personal wealth and real estate, doesn’t buy what it once did in Los Angeles County’s housing market, but it’s still enough to get into some trendy neighborhoods. Here’s a look at what $1 million buys in Beverly Crest, Hollywood Hills and Sherman Oaks...

  • 'Celebrity' real estate ties can be shaky — or even unreal

    'Celebrity' real estate ties can be shaky — or even unreal

    What’s in a name? In Los Angeles real estate, a lot. A property’s connection to an A-list celebrity or renowned architect can add glamour, intrigue — and a price premium. Name-dropping such ties is a common practice, but estates can be mistakenly attributed to notables, and the “Marilyn Monroe...

  • Feds crack down on deceptive reverse-mortgage ads

    Feds crack down on deceptive reverse-mortgage ads

    The federal Consumer Financial Protection Bureau said Wednesday that it has fined two Southern California reverse-mortgage firms for deceptive advertising practices, saying the companies wrongly told borrowers they could not lose their homes. American Advisors Group in Orange agreed to pay a civil...

  • Marijuana REIT prices IPO, shares drop early on

    Marijuana REIT prices IPO, shares drop early on

    A San Diego real estate firm that aims to own buildings used to grow medical marijuana became a publicly traded company on Thursday, opening at $20 a share but seeing its stock price fall by the end of the week.  Shares of Innovative Industrial Properties, lead by former BioMed Realty Chief Executive...

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MORE REAL ESTATE NEWS

  • Median home price in San Diego County surpasses $500,000

    Median home price in San Diego County surpasses $500,000

    The median home price in October exceeded a half-million dollars for the first time in a decade in San Diego County, real estate tracker CoreLogic reported Tuesday.  Pushed up by high demand and limited supply, the median price hit $507,500, up 11 percent from a year ago. It has still not reached...

  • Southern California home prices jump, U.S. values surpass bubble-era peak

    Southern California home prices jump, U.S. values surpass bubble-era peak

    Southern California home prices jumped last month, but sales flatlined in a region where homeownership is increasingly out of reach for the middle class. The six-county region’s median price rose 6.9% from a year earlier to $465,000 in October, real estate firm CoreLogic said Tuesday. Sales inched...

  • A pair of 'Real Housewives' make real estate moves in the L.A. area

    A pair of 'Real Housewives' make real estate moves in the L.A. area

    When it comes to the “Real Housewives” franchise, the drama isn’t limited to only the television screen. The various cast members often provide fodder in other walks of life, even in real estate news. In Venice, Stephanie Hollman of “The Real Housewives of Dallas” has sold a newly transformed home...

  • Report: SoCal to build more housing in '17

    Report: SoCal to build more housing in '17

    San Diego County homeowners saw some of the biggest home value increases in Southern California in the last year, while landlords benefited from some of the lowest rental vacancy rates in the region, said a detailed industry report released Sunday. While high demand for housing propelled prices...

  • 'Spider-Man' actor swings into Brentwood, and other top sales

    'Spider-Man' actor swings into Brentwood, and other top sales

    A pair of speculative developers, a philanthropist and one of Hollywood’s biggest tickets were among those closing deals in L.A. County’s high-end real estate market in late October and early November. $22 million — Beverly Crest After selling a $100-million spec house to Tom Gores, developers...

  • Bob Hope's desert retreat sells to billionaire Ron Burkle for $13 million

    Bob Hope's desert retreat sells to billionaire Ron Burkle for $13 million

    The Bob and Dolores Hope estate in Palm Springs, designed by renowned Modernist architect John Lautner, has sold to billionaire Ron Burkle for $13 million. That’s just more than half the most recent asking price of $24.999 million and considerably less than the original list price of $50 million,...

  • The time to protect your real property assets is before any HOA litigation

    The time to protect your real property assets is before any HOA litigation

    Question: Not long after we moved into our townhouse, we came to loggerheads with the board. Try as we might to resolve our differences, nothing worked. My wife and I found ourselves in a lawsuit with the association that started shortly after we moved here. Yesterday our attorney explained the...

  • Industrial tops 2017 real estate prospects

    Industrial tops 2017 real estate prospects

    Industrial properties, particularly those serving online shopping businesses, top the list of best real estate prospects in 2017, according to a survey of brokers, developers and other building-industry leaders. The recently released “Emerging Trends in Real Estate” from the Urban Land Institute...

  • Mortgage rates keep rising after Trump's election, threatening home affordability

    Mortgage rates keep rising after Trump's election, threatening home affordability

    Long-term U.S. mortgage rates continued to surge this week in the aftermath of the election of Donald Trump as president.  Mortgage giant Freddie Mac said Wednesday that the average rate on a 30-year fixed rate loan shot up to 4.03%, the highest since July 2015 and up from 3.94% a week earlier....

  • SoCal not expected to share in rosy 2017 housing forecast

    SoCal not expected to share in rosy 2017 housing forecast

    Homeownership rates will rise across the nation in 2017 after years of declines as more millennials enter the market, Zillow predicted Tuesday in its look-ahead report.  But, the Southern California market is not expected to see the same gains experienced in the rest of the country because of a...

  • U.S. home sales reach strongest pace in nearly a decade

    U.S. home sales reach strongest pace in nearly a decade

    Americans bought homes in October at the fastest pace in nearly decade, helped out by low mortgage rates that have since started to climb following the presidential election of Donald Trump. The National Assn. of Realtors said Tuesday that sales of existing homes rose 2% to a seasonally adjusted...

  • It's in titleholders own best interest to make sure HOAs have all their addresses

    It's in titleholders own best interest to make sure HOAs have all their addresses

    Question: My daughter just learned that her homeowner association is foreclosing on her condominium, but she was never served with notice. Doesn’t she have to be personally served? Also, the board told her she did not comply with a legal requirement that she inform them of other addresses she may...

  • Hundreds of new downtown rentals approved

    Hundreds of new downtown rentals approved

    Get used to a  skyline filled with construction cranes. The downtown  housing boom looks like it’ll continue for the next six years. Civic San Diego, the city’s downtown development review agency, reviewed seven projects with 1,650 apartments Wednesday — possibly a one-meeting record in more than...

  • U.S. home construction jumps the most in 34 years

    U.S. home construction jumps the most in 34 years

    Builders broke ground on the most new homes in nine years last month, a response to strong demand that should lift the economy. Home construction soared 25.5% to a seasonally adjusted 1.3 million in October, the Commerce Department said Thursday. That is the biggest percentage gain since July 1982....

  • Bob Hope's Palm Springs estate, once listed at $50 million, sells for $13 million

    Bob Hope's Palm Springs estate, once listed at $50 million, sells for $13 million

    The Bob and Dolores Hope estate in Palm Springs, designed by renowned Modernist architect John Lautner, has sold for $13 million. That’s just over half the $24.999 million asking price and considerably less than the original list price of $50 million, but still among the priciest home sales ever...

  • Millennials aren't settling in San Diego. Here's why.

    Millennials aren't settling in San Diego. Here's why.

    San Diego is beautiful, but if you’re a young person without a lot of cash, North Carolina doesn’t look half bad. Despite hip locales, craft beer and a bike lanes, San Diego County had one of the smaller millennial population increases in the nation from 2005 to 2015, said a study from Apartment...

  • Westside spec house fetches $100 million in complex sale

    Westside spec house fetches $100 million in complex sale

    A spate of recent sales, including a nine-figure deal in Holmby Hills, has kept the market for high-end homes in Greater Los Angeles red hot through the month of October. Among the buyers and sellers was an NBA franchise owner and a Grammy-winning singer. Here’s a look at the priciest home sales...

  • Treasury candidate is a Wall Street executive who has backed movies such as last summer's 'Suicide Squad'

    Treasury candidate is a Wall Street executive who has backed movies such as last summer's 'Suicide Squad'

    Much of liberal Hollywood may be lamenting the prospect of a Donald Trump presidency, but one prominent industry player could wind up getting a high-profile position in the new administration. Steven Mnuchin, 53, a wealthy Wall Street executive and successful film financier who served as the national...

  • What will a President Trump mean for SoCal housing and L.A.'s building boom?

    What will a President Trump mean for SoCal housing and L.A.'s building boom?

    With home prices and rents rising in Southern California, developers are busy building houses, condos and apartments – particularly in downtown Los Angeles, where a residential building boom is underway. So what does an unexpected Trump presidency mean for the housing market, which has continued...

  • What will a President Trump mean for SoCal housing?

    What will a President Trump mean for SoCal housing?

    Southern California housing under a Trump presidency could see higher mortgage rates but also emboldened builders who hope regulatory hurdles will be reduced, said regional housing experts.  California continues to have some of the highest home and rent prices in the nation, with wages not keeping...

  • Vista apartment complex sells for $6.2M

    Vista apartment complex sells for $6.2M

    An Orange County private real estate investment firm has purchased a 32-unit apartment complex in Vista for $6.2 million.  Bascom Group paid $193,750 per unit for the Hillside Terrace complex, a 28-year-old property, earlier this month.  Sixteen apartment properties have sold in Vista in the past...

  • Should San Diego students live on or off campus?

    Should San Diego students live on or off campus?

    Local universities continue to feel pressure to provide more student housing in a climate of rising rent and home prices, said school planners at an event Tuesday in downtown San Diego.  But, there could be changes coming because of shifting preferences, opportunities for private builders and new...

  • Miami, in unusual legal strategy, sues big banks to recoup losses during mortgage crisis

    Miami, in unusual legal strategy, sues big banks to recoup losses during mortgage crisis

    The housing collapse of 2008 nearly broke the city of Miami. Now, its leaders have embarked on a novel and aggressive legal strategy to recoup losses from the big banks they say created the crisis with discriminatory and predatory lending practices. It is a high-stakes effort that is being encouraged...

  • Realtor spat leads to possible online home listing change

    Realtor spat leads to possible online home listing change

    The main website where some San Diegans list their homes for sale might be changing but, for buyers and sellers, it will probably be hard to notice any difference.  Right now, almost all homes on market in San Diego County go on a central database called Sandicor that is used by real estate agents...

  • Wells Fargo will pay $50 million to settle allegations it overcharged homeowners for appraisals

    Wells Fargo will pay $50 million to settle allegations it overcharged homeowners for appraisals

    Wells Fargo & Co. reached a $50-million settlement this week with homeowners who alleged that the bank marked up home appraisal fees for borrowers who defaulted on their residential loans. Under the terms of the settlement, which is still subject to a judge’s approval, San Francisco-based Wells...

  • Real estate investors bet on the next big thing for L.A.'s Arts District: Offices

    Real estate investors bet on the next big thing for L.A.'s Arts District: Offices

    In recent years, the once-gritty Arts District in downtown Los Angeles has seen an influx of restaurants, bars and residences, including large apartment projects from major developers. But now, with the streets cleaner and more lively, real estate investors are betting on a different type of property:...

  • San Diego's biggest landlords

    San Diego's biggest landlords

    At the height of the housing boom, one of the nation’s largest publicly traded apartment companies made around $39 million from San Diego rentals.  Equity Residential, according to its earnings reports in 2005, had 3,486 apartments in San Diego County that made up 4.1 percent of its net operating...

  • The lowdown on new low-down-payment mortgage programs

    The lowdown on new low-down-payment mortgage programs

    Potential home buyers who can’t quite pony up the traditional 20% down payment have often had FHA loans as an alternative. But some lenders are shying away from these loans for legal and regulatory reasons. Over the last few months, those same lenders have begun filling the gap with their own low-down-payment...

  • Southern California home sales dip in September

    Southern California home sales dip in September

    The Southern California real estate market took a breather in September, with sales dipping slightly as the market entered a typically slower season amid price gains that have made homes less affordable. Real estate firm CoreLogic said Wednesday that sales in the six-county region fell nearly 1%...

  • San Diego median home price fell in September

    San Diego median home price fell in September

    The San Diego County median home price hit $495,000 in September, a drop from the previous month but a strong showing for a typically slow part of the year, real estate tracker CoreLogic reported Wednesday. Last month, the median home price reached $498,000, its highest point in a decade, but the...

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