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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?
Portugal's commercial real estate market saw its best year with a 154 percent increase in investment in 2015. Investment in the commercial property sector rose to almost €2 billion, reports say. Commercial Real Estate to be More Appealing to Ultra Rich
Over the next decade, commercial real estate will become an established part of the investment portfolios of the ultra-high net worth individuals (UHNWI) from the Middle East and North Africa (MENA), Knight Frank's 2016 Attitude Survey reveals. Chinese Invests in Australian Real Estate Again Now Double the Amount
Chinese investment in the Australian real estate market doubled last year. An annual report showed that China was the biggest investor for the financial year that ended June 30, 2015. China had received approvals to spend $18 billion which was three times the figure the U.S. put in and six times what Singapore invested. Real Estate News: New York City Building for Sale for $50M
A penthouse in New York City is currently being sold for $50 million. A building in New York City is currently being sold for $50 million. According to Elle Décor, the building's penthouse situated on 71-73 Franklin Street is now up for grabs. NYC Real Estate Players Players Named In Offshore Leak Database
NYC real estate had been greatly impacted by the release of the Panama Papers. The leak revealed millions of documents from the illegal offshore law firm Mossack Fonseca. It had already led to the resignation of the Prime Minister of Iceland and had revealed the shady offshore transactions of the likes of Pakistani Premier Nawaz Sharif and the Russian President Vladmir Putin. Washington, Colorado, Oregon States Top List of Markets With Fastest-Growing Prices; New York City, California Left Behind
Home prices had been steadily rising and individuals trying to buy homes had been bemoaning the trend. When it comes to the nation's biggest year-over-year growth in sales prices, already-costly New York and California did not get top spot but instead other Western states dominated the list. Commercial Real Estate Growth To Gradually Drop Without No Significant Rental Rate Decline
Commercial real estate activity had been expected by new industry forecast to drop over the next three years. According to a Washington-based industry trade group Consensus, this was the result of interviews with top real estate analysts and economists for a new set of forecasts. Fox's Rupert Murdoch Lists Greenwich Village Townhouse for $28.9M; Newlyweds Twitter Hints Happy Marriage
Rupert Murdoch, News Corp Executive Chairman, had put his Greenwich Village property on the market for $28.9 million, just a month after his wedding to former model Jerry Hall. The media mogul purchased the house in April 2015 for $25 million. He and Hall became a couple in late summer of that year. Saudi Arabia to Build Own Mortgage-Guarantee Fund
As the kingdom is facing a housing shortage in the next five years, the government is trying to implement some mitigation steps. Saudi Arabia's Housing Ministry is planning to create its own development company that will offer mortgage-guarantee fund to boost housing development in the country and attract foreign investors. Panama Papers Update: Leak Identifies NYC Real Estate Players
The Panama Papers was a large document leak that revealed how individuals operating at the highest levels of power made use of illegal offshore shell corporations and tax havens. The list included entities such as the likes of Russia's Vladimir Putin, China's Xi Jinping, and a number of big real estate names who plied their trades in New York.
