California Bill Would Guarantee Insurance for Fire-Safe Homes

The post California Bill Would Guarantee Insurance for Fire-Safe Homes appeared first on Propmodo.

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Lawmakers Seek Federal Inquiry Into Property Giant After Evacuations

The post Lawmakers Seek Federal Inquiry Into Property Giant After Evacuations appeared first on Propmodo.

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JLL Earnings Beat Helps Push Back Against AI Scare in CRE Stocks

The post JLL Earnings Beat Helps Push Back Against AI Scare in CRE Stocks appeared first on Propmodo.

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NYC Property Tax Hike Threat Signals Fiscal Pressure on Real Estate

The post NYC Property Tax Hike Threat Signals Fiscal Pressure on Real Estate appeared first on Propmodo.

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Federal Bill Could Require Data Centers to Generate Their Own Power

The post Federal Bill Could Require Data Centers to Generate Their Own Power appeared first on Propmodo.

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Hsieh takes victory lap on billion-dollar mall sell-offs

Santa Monica-based Macerich has joined the parade of REITs selling off real estate, with the retail specialist dumping more than a billion dollars worth of property in the last year and a half. And it isn’t through. Macerich is now under contract t...

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LA County far behind housing production goals as shortage worsens

Los Angeles County has a long way to go before fixing its housing shortage after decades of building too little housing to meet growing demand.  Over a 40-year period since the 1970s, California built 325 new housing units for every 1,000 new people...

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Izek Shomof’s next office-to-resi target: Americana at Brand-adjacent building in Glendale

Izek Shomof is taking his office-to-residential conversion talents from downtown Los Angeles and Long Beach to Glendale.  The developer has filed plans to convert a 19-story office building at 101 North Brand Boulevard into 312 units, Urbanize L...

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Proposed billionaire tax “icing on cake” of resi headwinds in California

Really?  That’s what some in Los Angeles real estate are asking as proponents look to put a proposed billionaire tax onto the November ballot. “This will be the icing on the cake and the most detrimental thing to happen to California, puttin...

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Irvine locals raise big stink over Brookfield’s landfill-adjacent housing plans

Irvine city leaders wasted little time in handing over an industrial site to Brookfield Residential Properties for development, but the project is already causing a big stink — and dealing with one.  Earlier this month, demolition crews knocke...

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NorthPoint sells 100 acres in Lancaster for planned 400K sf manufacturing facility

The Inland Empire and South Bay are two of the top industrial markets in the country, but Jensen Infrastructure is looking to expand elsewhere in Greater Los Angeles.  Reno, Nevada-based Jensen acquired 100 acres in Lancaster, California, from N...

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