Items Tagged with 'Los Angeles real estate'

ARTICLES

  • Singapore real estate giant CapitaLand enters U.S. multifamily with $835 million acquisition

    Buying 16 Class-B properties in Seattle, Portland, Los Angeles, and Denver
    With rents continuing to rise with little sign of slowing, multifamily real estate in the U.S. is beginning to draw some serious international investor interest, as one of Asia’s largest real estate companies is planning a U.S. invasion of its own. Singapore’s CapitaLand announced Tuesday that it is entering the U.S. multifamily market with an $835 million acquisition of 16 apartment communities in Seattle, Portland, Los Angeles, and Denver.
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  • After finding success in U.K., flat-fee real estate agency Purplebricks debuts in U.S.

    “Next-generation” agency launching in Los Angeles
    Purplebricks, which bills itself as “next-generation” real estate agency, is launching in the U.S. after building successful businesses in the United Kingdom and Australia. The company, which offers a flat fee for home sellers along with other technological advances, will roll out its service in the Los Angeles market first.
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  • U.S. joins whistleblower lawsuit that accuses Los Angeles of misusing HUD money

    City accused of not providing enough accessible housing
    The federal government is joining a lawsuit that accuses the city of Los Angeles of misusing hundreds of millions of dollars from the Department of Housing and Urban Development that were earmarked for providing accessible housing for people with disabilities, the Department of Justice announced this week.
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  • Court of Appeals hands Wells Fargo victory over Los Angeles in fair housing lawsuit

    Appeals upholds lower court’s dismissal of discriminatory lending suit
    Wells Fargo may be facing a lawsuit from the city of Philadelphia over alleged discriminatory lending practices against minority borrowers, but a federal Court of Appeals just handed the bank a victory in a similar lawsuit brought by the city of Los Angeles back in 2013.
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  • U.S. to continue investigating money laundering by foreign real estate buyers

    Title companies required to reveal identities of high-end cash buyers
    The federal government will continue investigating whether foreign buyers are using high-end U.S. real estate to launder money after an expanded investigation found that potentially illicit activity is behind as many as one in three cash purchases from foreign buyers in select markets.
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  • U.S. expands investigation into money laundering by foreign cash buyers

    Government finds evidence of suspicious activities in high-end real estate
    The federal government revealed Wednesday that its investigation into foreign buyers using high-end U.S. real estate as a means to launder money found that potentially illicit activity is behind a "significant" portion of the cash transactions in Manhattan and Miami, and plans to expand the investigation into Los Angeles, San Francisco, and several other areas.
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  • Los Angeles Realtor 'hijacks' Coachella social media feeds

    California music festival attendees unwittingly and repeatedly tagged agent
    It’s not often that we at HousingWire talk about things reported by The Hollywood Reporter, but this one is just too good to pass up. A Los Angeles Realtor is in a bit of social media hot water after his name and profile suddenly began showing up all over social media posts emanating from the Coachella Valley Music and Arts Festival over the weekend.
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  • St. Louis Rams sacked by real estate reality as team moves to Los Angeles

    Moving from modestly priced Midwest to high-cost California
    When the National Football League announced last week that the St. Louis Rams are moving back to Los Angeles, it seemed that everyone involved got what they wanted, except Rams’ fans in St. Louis, of course. But for those moving from St. Louis to Los Angeles with the team, they are about to take a big financial hit thanks to the vastly different costs of living from St. Louis to Los Angeles.
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