Items Tagged with 'California real estate'

ARTICLES

  • Burgeoning real estate giant Compass buying Pacific Union

    The real estate tech company just took over the biggest brokerage in California
    Growing real estate tech company Compass is buying Pacific Union, the fifth largest brokerage in the nation. Compass is serious about growth and has been on an absolute tear since raising a whopping $775 million in funding over the last few years. And now, the company is putting some of that money towards seriously growing its California business by acquiring Pacific Union.
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  • California landlords fined for housing discrimination

    Allegedly discriminated against testers based on race and national origin
    The owners of two California apartment complexes will pay a four-figure fine to settle charges that they discriminated against prospective tenants on the basis of their race or national origin. “Denying someone an apartment because of how they look or where they come from not only deprives them of a home, it is against the law,” said Anna María Farías, HUD assistant secretary for fair housing and equal opportunity.
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  • Crowdfunding platform DiversyFund plans $50M investment in multifamily, commercial real estate

    Claims new fund’s projected returns are between 15% and 20% per year
    DiversyFund, a crowdfunding platform that specializes in real estate investing, is launching a new fund that will target multifamily and commercial real estate. The company is planning to raise $50 million for the fund with a minimum investment of $5,000, and claims that the fund’s projected returns are between 15% and 20% per year.
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  • California man admits to running $24 million real estate Ponzi scheme

    Used investors’ money to pay personal expenses, fund gambling activities
    A California man admitted in court this week that he ran a massive real estate Ponzi scheme and defrauded investors out of $24 million by falsely promising that he planned to use their money to purchase residential properties and either manage the properties for rental income or flip the properties and resell them for a profit.
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  • Four Californians accused of running mortgage fraud scheme that targeted minorities

    Face a total of 194 counts
    Four Californians face a total of 194 charges for allegedly operating a mortgage fraud scheme that preyed on distressed minority borrowers who were seeking help with paying off their mortgages. According to the indictment, between 2012 and 2017, they used a fake insurance company called SafeCare, claiming to offer mortgage aid to primarily minority families for a low monthly fee.
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  • Real estate startup Reali will help buy or sell your California home for only $950

    Rolls out flat fee for homes priced under $250,000
    Reali, a tech-focused real estate startup that charges flat fees for both homebuyers and sellers, is now offering one of the nation’s smallest transaction fees in one of the nation’s most expensive real estate markets. Reali announced this week that it is rolling out a new program that will help certain California buyers and sellers buy or sell their home for only $950.
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  • California real estate shakeup: Merger will create state’s largest independent brokerage

    Pacific Union International, Partners Trust announce plans to merge
    In a move that will create the state of California’s largest independent real estate brokerage, Pacific Union International and Partners Trust announced plans to merge. According to a release from the companies, the combined firm creates the largest independent luxury real estate brokerage in California, with 2016 sales volume of $12.61 billion and projected 2017 sales volume of more than $15 billion.
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