News

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.

Peter Madoff’s New York Residence Sold for $4.6 Million

As Peter Madoff is heading to prison an account of charges of helping his brother, Bernie Madoff in his scandalous exploits, he and his wife Marion Madoff have sold their Upper east Side home for $4.6 million. All the money and possessions have been turned in to the government.

California Commercial Estate Market Witnessing a Surge

The commercial real estate markets of California will be witnessing a mounting surge as more number of investors are taking advantage of the prevailing low rents and high vacancy rates. Builders believe that the value of properties will rise subsequently in 2013.