Tuesday, 29 September, 2020

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Tag: Real Estate News


It took most of 2020, but retired basketball player Kenyon Martin has finally sold his Calabasas home. Records show that the estate sold for $3.025 million — about $600,000 shy of his February asking price. The gated retreat is almost unrecognizable compared to 2016, when Martin bought it from pro baseball player Jason Kubel for $2.8 million. In the years Read more…


On September 16, Bloomberg reported that online retail behemoth Amazon has plans to open as many as 1,500 delivery hubs in American cities and suburbs. The move marks a sharp turn in strategy for Amazon, whose warehouses have typically existed on the outskirts of exurban areas. But now that Walmart and Target are offering same-day delivery from their urban and Read more…


On November 3, Americans will head to the polls to decide on who will lead the country for the next four years. Californian voters will also face decisions on several ballot propositions, one of them being Proposition 15. Prop. 15 is a “split roll” initiative that would have major implications to the way that commercial and industrial properties are taxed. Read more…


Sagent, a fintech company modernizing mortgage and consumer loan servicing for American banks and lenders, last week appointed veteran technology leader Uday Devalla as Chief Technology Officer (CTO). The move accelerates Sagent’s vision to improve loan servicing engagement and consumer experience from the homeowner perspective, the company said. Uday’s appointment is one in a series of executive hires by CEO Read more…


It’s shaping up to be a short stay in Hancock Park for Armie Hammer. A year after buying a 1920s Tudor in the historical neighborhood for $4.72 million, the actor is asking $5.8 million for the home. Tucked into a cul-de-sac, the 93-year-old residence sits right across the street from Wilshire Country Club on a lushly landscaped, secluded quarter-acre lot. Read more…


“James Bond” star Pierce Brosnan is shooting for nine figures in Malibu, where his Thai-inspired retreat on Broad Beach just hit the market for $100 million. The mammoth price tag makes it the eighth-priciest home currently on the market in L.A. County. If it sells for anywhere close to $100 million, it’ll mark a massive return on investment for the Read more…


The history of the atrium goes back to ancient Rome, where an interior grand, open space served as the focal point of the home. Today, atriums are more commonly found in large-scale public spaces like office buildings or hotels, but occasionally an architect will be inspired to include one in the design of a residential home. Whether imagined as an Read more…


Who has the best refinance rates?  We analyzed data on every refinance loan from the biggest lenders in 2019, searching for the lowest refinance and cash-out refinance rates1,2. These lenders topped the list for best 30-year refinance rates on average: Citizens Bank Navy Federal Credit Union* USAA* Veterans United* Freedom Mortgage loanDepot Bank of America Caliber Home Loans Quicken Loans Read more…


Today’s mortgage and refinance rates  Average mortgage rates edged lower again last Friday. That was the fourth consecutive day of modest falls. And conventional loans today start at 2.75% (2.725% APR) for a 30-year, fixed-rate mortgage.  Markets last week were in a nervous and sour mood. But rallies late last Friday and early today suggest investors are doing their best Read more…


Continuing a tradition of support for military families, the Veterans Financial Services Advisory Council (VFSAC) is hosting an online charity auction through October 5. With items on the block ranging from school supplies to signed Joan Jett records and even a Walt Disney World Day pack, proceeds from the auction will benefit military veterans and their families. To participate and Read more…


In storied locations from Sag Harbor to Sonoma, these irreplaceable homes offer the opportunity to own a personal piece of American history. A Cape Cod Classic Yarmouth Point, Massachusetts | Parke Madden, Sotheby’s International Realty – Osterville Brokerage Built in 1830 on Nantucket and relocated to Cape Cod in 1865, this elegant historic home is listed on the National Register of Historic Read more…


Kathy Griffin is staging a sale in Bel-Air, putting her gated Mediterranean mansion on the market for $15.995 million. That’s about $5.5 million more than she paid for it four years ago. The Emmy-winning comedian kept things mostly the same during her stay, as the 13,377-square-foot home features grand living spaces with dramatic beams, pocketing doors and a host of Read more…


Perched atop the new Pendry Residences West Hollywood, this nearly completed penthouse offers the five-star treatment with curated interiors and exterior amenities such as a private terrace and spa. Designed by Martin Brudnizki in collaboration with Ehrlich Yanai Rhee Chaney Architects, the showplace-in-the-sky features honed marble finishes, eye-catching fixtures and walls of windows that take in the cityscape. For a Read more…


Well, it’s been a few weeks, so it must be time for yet another Wells Fargo scandal. Wells Fargo CEO Charlie Scharf is in hot water after revelations that he blamed the lack of diversity at the bank on “a very limited pool of Black talent to recruit from.” Scharf’s comments were made in a June memo that was later Read more…


As resistant as the mortgage industry can sometimes seem when it comes to innovation, its growing acceptance of data analytics as a tool for enhancing performance in almost every facet of the business, from marketing to product development, is happening at a rapid clip. The logical step after a lender or servicer has secured access to both robust data and Read more…