Sunday, 12 July, 2020

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The price for Matthew Perry’s “mansion in the sky” is coming back down to earth. The actor of “Friends” fame relisted his Century City penthouse this week for $27 million, down from $35 million last year. Located within the Century high-rise, the full-floor residence was reimagined during Perry’s ownership by architect Scott Joyce and interior designer LM Pagano. Subdued colors, Read more…


Decking built around mature trees creates a feeling of living in a tree house at this recently renovated home in the Mount Washington neighborhood of Los Angeles. Designed by local firm KeltnerCo, the house has been outfitted with dark Calacatta marble countertops in the kitchen and a three-sided fireplace in the living room. A cedar soaking tub and a detached Read more…


On Friday, the House Committee on Financial Services will hold a hearing titled, “Protecting Homeowners During the Pandemic: Oversight of Mortgage Servicers’ Implementation of the CARES Act.” Mortgage servicers are lined up to bear the brunt of the CARES Act according to Berkeley Research Group Managing Director Greg Halm on Law360. Halm notes that current legislation provides assistance to some borrowers who Read more…


The latest episode of DS5: Inside the Industry features Ed Pinto, Director, Senior Fellow, the AEI Housing Center. Pinto discusses with DS5 the impact COVID-19 has had on homeowners and the decisions they make when moving and deciding where to live. You8 can view the full video at the embed below or at the following link. [embedded content]


In Palos Verdes Estates, a Spanish Revival-style home built for Fred Roessler, the city’s first mayor, is on the market for $19.5 million. Roessler was instrumental in the efforts to incorporate Palos Verdes Estates, which was established as a subdivision in the early 1920s before its incorporation as a city in 1939. A chemist and veteran of World War I, Read more…


A historic mansion-turned-rock star’s retreat has surfaced for sale in Oakland. The French Normandy-style home, which was owned by Green Day frontman Billie Joe Armstrong for over a decade, hit the market last month for $7.25 million. In the early 20th century, the property held the Red Gate Mansion built by Julia Morgan, the architect known for her work on Read more…


Bidding has commenced in an auction of the Viceroy L’Ermitage Beverly Hills, a legendary hotel last owned by a highflying Malaysian investor now on the lam after being accused of embezzling billions of dollars from his country’s government. The low-key boutique hotel has been known as a celebrity haunt for decades, where the likes of Elizabeth Taylor, Richard Burton and Read more…


Linda Orlans Orlans PC announced that Founder & Executive Chair Linda Orlans was named an award winner of the inaugural #NEXTPowerhouseAward, honoring the most influential women in the mortgage industry. Julie Moran, Senior Executive Counsel, was also the recipient of a #NEXTPowerhouseAward. The winners are celebrated for being technologically innovative, sharing new ideas, and pushing the limits to keep their Read more…


Abner Mares is walking away a winner in Huntington Beach. The world champion boxer just sold his slick modern home for $2 million, around half a million more than he paid for it five years ago. Clad in concrete, the contemporary house sits close to the water on man-made Davenport Island. One of about 400 homes on the island, it Read more…


The Federal Housing Finance Agency (FHFA) announced that the GSEs—Fannie Mae and Freddie Mac—will extend several loan origination flexibilities until August 31. These flexibilities were set to expire on July 31, 2020. Extended flexibilities include: Alternative appraisals on purchase and rate term refinance loans; Alternative methods for documenting income and verifying employment before loan closing; and Expanding the use of Read more…


Basketball coach David Fizdale, who recently spent stints with the Memphis Grizzlies and New York Knicks, is putting down roots in Southern California. The L.A. native just bought a Mediterranean-style home in Calabasas for $2.25 million. That’s about half a million shy of the original asking price, records show. Recently remodeled, the two-story house sits on a third of an Read more…


Here’s a look at what roughly $400,000 buys in Palm Desert, La Quinta and Indio in Riverside County. PALM DESERT: Designed by Hollywood Regency architect-to-the-stars John Elgin Woolf, this bright pink villa boasts a courtyard in front and golf course views out back. Address: 47465 Tangier Drive, Palm Desert, CA 92260 Listed for: $399,000 for two bedrooms, two bathrooms in Read more…


Thirty-two percent of Americans did not make a full, on-time housing payment is July, according to Apartment List. This is up slightly from 30% in June. The report added that missed payments are concentrated among renters, young and low-income households, and residents of dense urban areas. During the first week of July, 19% of Americans had made no housing payment, Read more…


Adam Lambert couldn’t quite turn a profit in Hollywood Hills. The “American Idol” alum just sold the modern digs for $2.92 million, or $75,000 shy of what he paid six years ago. The sale arrives about two years after the glam rocker paid $6.5 million for a bigger place in Hollywood Hills West, The Times previously reported. Stark in style, Read more…


DJ Khaled is passing the key in Florida, where he just sold his waterfront home in the Miami suburb of Aventura for $4.8 million. The deal wraps up a multiyear effort by the hip-hop mainstay, who first floated the house for sale at $7.999 million in 2018. The original listing came a few months after he dropped a whopping $21.75 Read more…