Buy & Sell

Live Nation CEO Purchases Properties Worth $15 Million in Los Angeles

The CEO of entertainment and concert company, Live Nation Entertainment, Michael Rapino has dropped around $15 million for two properties in Brentwood, Los Angeles. Together, the two properties claim a square footage of nearly two acres. Rapino purchased the two adjacent plots from financier John Rocchio who first listed the lots in November 2012.

Foreign Investors Jumping into US Rental Market

As the housing economy of the U.S. is recovering, the rental markets are raking in a larger number of foreign investors. A new trend of foreign investment firms purchasing property in the U.S. and renting them out for a profitable price has kicked off recently. The increasing availability of property and weak dollar rates make the U.S. market safe for the investors.

US Single Family Home Constructions and Permits hit Four-Year High, NAHB report

According to a report released by the National Association of Home Builders (NAHB), construction of single family home rose by 0.8 percent throughout the country in January. The number of permits for the construction of these homes also rose 1.9 percent to hit a record high in the past four years.