Rent prices still spiking in Phoenix: CoreLogic
According to the latest CoreLogic data released Tuesday, rent prices for single-family properties in November grew by 3 percent nationwide.
Whopping 3.9M more homes needed to meet buyer demand
From 2012 to 2019, builders constructed 5.9 million homes — far fewer than what’s needed for the 9.8 million households created during the same time period.
‘Expendables’ star Jason Statham sells Malibu estate for $18.5M
Branden Williams and Rayni Williams of Hilton & Hyland represented both the sellers and the buyer.
Would you live in a house made from living bacteria?
A team of researchers from the University of Colorado engineered “living building materials” made out of bacteria, begging the question, “Would you live in a home made of bacteria?”
Real estate fundraising plunges to lowest level in 6 years
The amount of capital raised by real estate private equity funds shrunk from $35 billion in the fourth quarter of 2018 to $18 billion in 2019.
The search for housing in San Francisco continues — this time, with subterranean ‘sleeping pods’
Development company Elsey Partners has proposed two new apartment buildings in San Francisco’s Mission District that seek to provide affordable housing options by way of underground communal living areas in a city that’s increasingly pricing out the average person.
Apartment-hotel startup Locale raises $11M in Series A
Locale plans to use the capital to bolster its staff, expand to new markets and upgrade its product offerings.
Vulture investors are scooping up defaulted real estate debt in China
Several large firms have invested more than $3B in nonperforming Chinese commercial loans, according to a Wall Street Journal report.
Meryl Streep sells Tribeca penthouse for $15.8M
After listing for $24.6 million in 2018 and being cut in price twice, Meryl Streep’s New York apartment has sold for $15.8 million.
JLL, Century 21 among top real estate firms on Forbes diversity list
A handful of well-known real estate firms have landed on Forbes’ 2020 list of best employers for diversity, with JLL and Century 21 taking the top spots among companies in the property business.
