Commercial
Umm Qarn Stud Farm: Six-star Luxury Hotel for Celebrity Horses
Fred Durst's Los Angeles Home Hits the Market for $1.85 Million
Zsa Zsa Gabor's 'Argo' Bel-Air Mansion Finally Sells
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
Sony Corp, one of the world's largest electronics manufacturing company has sold its prized Tokyo office building, Sony City Osaki, to a Japanese real estate trust fund and Nippon Building Fund Inc. for $1.2 billion. The move comes as an effort to reorganize assets and strengthen its corporate structure. Frank Gehry to Design New Hotel Tower and Art Museum in Santa Monica
Renowned starchitect, Frank Gehry has just revealed the designs and artworks of his next project. Gehry will be designing a 22 story building at the Ocean Avenue and Santa Monica Boulevard in downtown Santa Monica.Plans of building a 36,000 square feet art décor museum were also unveiled on Thursday, Feb 28. Green Building Trends Gaining Popularity among Business Firms, Report
In a recent report published by McGraw Hill Construction, the real estate research unit of McGraw Hill companies it was revealed that a larger number of companies are moving their operations into “Green Buildings”. China's New Mortgage Rules, The Latest Efforts To Cool Real Estate Market
As China's housing market displays an extreme price gap between the biggest and the smaller cities, Chinese central banks are increasing down-payment costs and interest rates for second-home mortgages, reported Bloomberg Businessweek. 30-Year Fixed Mortgage Drops to Historic Low 3.51 percent
This week the average U.S. rates on fixed mortgages hit a new record low--at 3.51 percent for 30-year fixed mortgage, reported The Associated Press. BMW to Move Distribution Center to Redlands, California
German luxury auto manufacturing giant, BMW will be moving operations of the Ontario distribution center/ warehouse to the outskirts of Redland, California. Construction on the new warehouse will start in the second quarter of 2013 and is expected to be completed by 2014. Amazon Seeking Office Space in New York
The Seattle based e-commerce retailing giant, Amazon.com is seeking office space of around 500,000 square feet in New York City. The deal would be a big jump for the company as it already owns 100,000 square feet of office space in Manhattan. Privatizing Long Island Power Authority, Can It Lower Electric Bills For Long Island Families?
Governor Cuomo wants to privatize Long Island Power Authority, LIPA, in an effort to lower electric bills for families, reported WNYC.org. Canada Mortgage and Housing Corp. Hiding From Buyers The Homes Were Foreclosures
Canada's national housing agency is being questioned on whether they're selling properties that were foreclosed, reported The Financial Post. Urban League To Develop First Civil Rights Museum in New York City, Part of a $225 Million Development Center (PHOTO)
The new development, called the Urban League Empowerment Center is budgeted at $225 million and will include a 400,000-square-foot complex with affordable housing and retail stores. It will also house a brand new national headquarters for the National Urban League, reported the Daily News.
