News
Otak, Inc. Launching International Business Consulting and Real Estate Firm
Haylie Duff Unloads Toluca Lake Home at a Loss
Kim Kardashian and Kanye West Sell Bel Air Manse at $1 Million Profit
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?
Award winning American chef/restaurateur, Michael Symon has listed his Penthouse in the SoHo neighborhood of New York on the open market with an asking price of $3.5 million. He has also purchased another penthouse in the Gramercy Park area of New York for $2.7 million. Rise in Prices Leads Chinese Government to Curb Home Purchases
According to a survey conducted by the National Bureau of Statistics (NBS), average home prices in China rose the highest in January 2013, when compared to the figures of the same period in 2012. This is leading the Chinese regulators to tighten real estate speculations in the country. MGM Resorts International Contemplating CityCenter Mall Sale
MGM Resorts International, the largest casino operator in Las Vegas is looking to sell parts of its property in the CityCenter complex on the Las Vegas Strip to get out of its “immense” debt. Potential buyers have already started approaching the management with proposals to purchase one of its luxury malls - The Crystals Mall worth $8.5 billion. Otak Inc. Founder Othman launches New Real Estate Investment and Consulting Firm
Nawzad Othman, former CEO of global engineering firm, Otak Inc recently announced the launching of a new international real estate investment firm – The Othman Group on Wed, Feb 20, 2013 in Portland, Oregon in a press release. The new company will primarily aim at meeting needs of clients from the Middle East and the Pacific Northwest. Recent Rise in Homes Sales in Kentucky Prompt Increase In Real Estate Test-Takers
The recent rise of real estate sales in Kentucy has been credited for the real estate profession to come back into the limelight, reported Business First. Could this trend follow in other states? Department of Justice Investigating JPMorgan on Bear Stearns' Mortgage Products
JPMorgan is in deep water. The United States Justice Department is investigating their role in misleading clients about mortgage products, Reuters reported. Russian Lawmaker Resigns From Ethics Committee After Disclosing $1.3 Million Worth of Real Estate in Florida
A Russian lawmaker and the chairman of the country's ethics committee resigned from his office after it was revealed he owned $1.3 million real estate in Florida, The New York Times reported. Amy Smart Drops $2.5 Million on Beverly Hills Home (VIDEO)
The “Shameless” actress, Amy Smart has dropped a cool $2.5 million on a property in Beverly Hills. The model turned actress purchased the property recently with host husband Carter Oosterhouse and plan to settle down in the home. Matthew Perry Sells Hollywood Hills Home for $4.7 Million
Chandler Bing of the “Friends” fame, Matthew Perry has finally sold his Hollywood hills home for a cool $4.7 million. He had listed it in September 2012 asking for $5.3 million. However, he cut off a little chunk of the price as the property sat unclaimed for four months. 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.
