News

US Apartment Rents Increase while Vacancy Rates Fall

Rents of apartments are hitting new highs in the U.S. residential market while vacancy rates are declining. However, if the rentals keep increasing, more people will be drawn toward buying a home.

US Office Space Demand on a Slow Track

The demand for Office space in America is on a sluggish track. Since the economy is on a slow rebound and employers declaring cautious hiring, the forecast for the market is slow and steady.

Howard Marks Malibu Beach Front Property Fetches $75 Million

Oaktree Capital Management chairman, Howard Marks sold his 9.5 acre Malibu Beach front residence for $75 million, all in hot cash. The property is reportedly purchased by an anonymous Russian couple who plan on retaining the residence as a holiday home.