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Real Estate News

Source: Los Angeles Times Real Estate News
Expanded rent control in California failed with voters Tuesday, but it might be an issue that refuses to go away. Proposition 10 sought to repeal a 1995 law, the Costa-Hawkins Rental Housing Act, that limits county and city governments’ ability to slow rent hikes. Around 38 percent of voters in... [...]
Wed, Nov 07, 2018 11:00:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
A Boston company bought a cluster of San Diego office buildings this week for $112 million, one of the biggest local real estate sales of the year. The cluster of 12 buildings had been owned by San Diego-based Parallel Capital Partners, a real estate investment firm. The total area sold [...]
Tue, Nov 06, 2018 11:10:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
Wells Fargo & Co. acknowledged Tuesday that it failed to offer mortgage modifications to hundreds more borrowers who were due them and that many ultimately lost their homes because of the error. The San Francisco bank reported in August that it miscalculated certain fees when determining whether... [...]
Tue, Nov 06, 2018 10:05:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
In the United States more than almost anywhere else, wealth and income are concentrated among business owners and landlords. That club, blessed by capitalism, is becoming increasingly difficult to join. Business owners and landlords tend to be about four times as wealthy as the average American.... [...]
Tue, Nov 06, 2018 1:15:00 AM, Continue reading at the source