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Detroit Hits Crypto Landlord with Record Lawsuit

Retail real estate is stalling as bankruptcies, inflation, and tariff fears slow leasing. Retailers vacated more space than they leased in Q1, and big-box closures are mounting. Tenants now hold more leverage, and landlords face rising costs and unce...

NJ Suburbs Push Back As Court Upholds Affordable Housing Quotas

Fannie and Freddie Chief Urges Probe of Fed Chair’s Luxury Reno

California Ends Most Environmental Reviews for Urban Housing Projects

NAR’s Listing Policies Under Siege Again in Celebrity Broker Lawsuit

Affordable Housing Could Get a Boost from the “Big Beautiful Bill”

Is CEQA win first shot at a broader overhaul for resi market?

Housing advocates sealed a victory this week with some big changes to the California Environmental Quality Act. The statute, which was made law in 1970 by then-governor Ronald Reagan, has long been the source of nightmares for California developers, ...

Hankey finances bargain-bin hotel buy near SF’s Union Square

Los Angeles-based private lender Hankey Capital is backing a bargain-bin buy of a hotel near San Francisco’s Union Square. Hankey, headquartered in Hancock Park, provided an $8 million loan for an affiliate of San Diego-based Oceanic Enterprises to...

Industry group flails as CEQA adjustments hit California builders unevenly

Small to midsize urban housing developers are the winners in California’s rollback of environmental protections this week. The pair of budget trailer bills that Gov. Gavin Newsom signed into law Monday night exempt housing projects up to 85 feet in...

Orange County office tower sells for discounted $19M

City Plaza, a 19-floor office building in Orange County, has sold for quite the discount. Surlamer Investments, a Newport Beach-based firm owned by Fariborz Maseeh, bought the office tower from TPG Capital for $18.5 million, the Orange County Busin...

City to deploy $425M of “mansion tax” money in record spending plan

The Los Angeles City Council approved a plan to bolster affordable housing efforts and homelessness programs with “mansion tax” money. The council gave the green light Tuesday to spend nearly $425 million collected from Measure ULA, known a...

SoCal resi market sees wave of deal cancellations continue

For the second month in a row, home sale cancellations in Southern California were higher than they were a year ago. In May, 2,261 home sales in Southern California fell apart, totaling 15.6 percent of all transactions in the region, the Orange...