Tag Archives: News Brief

Bay Area rail workers allegedly built secret apartments in train stations

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Two railway workers in the Bay Area are facing felony charges for allegedly building secret apartments in two train stations. Continue reading →

Newcastle Courtyards persists in court challenge to Measure ULA

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The group filed a brief with the U.S. Court of Appeals for the Ninth Circuit, requesting that the court overturn the dismissal of their lawsuit seeking to end the transfer tax on property sales priced $5 million and up. Continue reading →

Spain to eliminate ‘golden visa’ program for foreign investors

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The program, which allows non-European Union citizens who invest at least 500,000 euros in Spanish real estate three years of residency, will soon be eliminated amidst affordability concerns, Prime Minister Pedro Sanchez said. Continue reading →

JPMorgan Chase CEO warns of higher rates, more inflation

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Jamie Dimon thinks interest rates could rise to 8 percent or more. He also said in a new letter that a recession and stagflation could be in the offing. Continue reading →

Blackstone ramps up activity with $10B multifamily acquisition

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The acquisition of AIR Communities marks Blackstone’s largest in the multifamily sector and shows a bullishness in rental housing, as well as a mentality that the commercial market may be bottoming out. Continue reading →

Ohio multiple listing service MLS Now appoints new CEO

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Garry Marsoubian previously held a leadership position at Bright MLS and has experience working with multiple listing services’ data and technology. Continue reading →

Putrid garbage house stinks up LA neighborhood

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The trash-strewn property is sandwiched between two large, multimillion-dollar mansions, and residents are concerned the mounds could negatively affect property values in the area. Continue reading →

LeadingRE adds ‘Notable’ partner to Solutions Group

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Leading Real Estate Companies of the World has selected a new partner for its Solutions Group in Notable, a pay-at-close home renovation vendor. Continue reading →

Barbara Corcoran on the $418M NAR settlement: It’s ‘not a big deal’

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Corcoran told Yahoo! Finance she doesn’t believe the effects of the settlement will be as earth-shattering as many make them out to be, but that “the confusion it’s causing is amazing.” Continue reading →

T3 Sixty nixes this year’s Mega 1000 list in wake of NAR settlement

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The move comes two weeks after the National Association of Realtors signaled a $418M settlement of commission lawsuits. T3 Sixty said it will bring the ranking back when litigation is resolved. Continue reading →