California Developers Build Vertiports Before Air Taxis Win Approval

Luxury developers in Los Angeles and New York are building vertiports for electric air taxis years before FAA certification arrives. The post California Developers Build Vertiports Before Air Taxis Win Approval appeared first on Propmodo.

Read more

Sovereign Wealth Funds Double Down on Grocery-Anchored Retail Real Estate

Norway's $2.2 trillion sovereign wealth fund partners with Asana on a $500 million U.S. retail property investment focused on grocery-anchored centers. The post Sovereign Wealth Funds Double Down on Grocery-Anchored Retail Real Estate appeared first ...

Read more

AI Wealth Fuels Bidding Wars and Million-Dollar Premiums in San Francisco Housing

San Francisco home prices surge 22 percent as AI wealth drives bidding wars, with 44 homes selling $1 million over asking in June alone. The post AI Wealth Fuels Bidding Wars and Million-Dollar Premiums in San Francisco Housing appeared first on Prop...

Read more

Trade Group Drops NAIOP Acronym for Plainspoken Industry Label

NAIOP rebrands as the Commercial Real Estate Development Association after multiyear research process involving 21,000 members across North America. The post Trade Group Drops NAIOP Acronym for Plainspoken Industry Label appeared first on Propmodo.

Read more

FTC Takes Zillow and Redfin Rental Partnership to August Trial

Federal judge sends FTC case against Zillow and Redfin rental partnership to trial, rejecting preliminary injunction over $100 million exclusive listing agreement. The post FTC Takes Zillow and Redfin Rental Partnership to August Trial appeared first...

Read more

Insider-turned-outsider sells more shares of industrial REIT

Michael Frankel keeps selling shares of his old REIT. In early July, he proposed the sale of about 59,000 shares of Rexford, a chunk that had a market value of $2 million, per a Securities and Exchange Commission filing.  A month earlier, he pro...

Read more

LA County looks to give nonprofits edge in multifamily market, Orange aims for accountability

Local governments in Southern California made several moves carrying implications for real estate investors over the past week. In Los Angeles County, the Board of Supervisors is drafting the Community Opportunity to Purchase Act. The law would requi...

Read more

SoCal condo sales 25% below average amid broader economic woes

Condominiums in Southern California aren’t selling as much as they used to.  In the year-long period ending in April, Southern California saw 41,300 condos sold, bringing the region’s sales pace to its slowest in more than two decades and no...

Read more

Eagle Partners buys back OC apartments in $133M affordable preservation deal

Eagle Real Estate Partners and Vistria Group joined forces to acquire a workforce housing community in Orange County.  The multifamily investment firms purchased the 402-unit Crystal View Apartments at 12091 Bayport Street in Garden Grove for $1...

Read more

LA city’s top construction permits: Week ending July 4, 2026

🏆 The largest new development to score permits last week was in Woodland Hills, where plans were filed to build a 300,020-square-foot building at 5909 North Variel Avenue. The $32 million project will have 316 units and stand seven stories tall. I...

Read more

LA real estate agent “Mr. La Cañada” sentenced in Eaton fire price gouging case

A year and a half after the Eaton fire broke out, a real estate agent has been sentenced in one of the first criminal price gouging cases tied to the deadly blazes.  Mike Kobeissi, who calls himself “Mr. La Cañada,” has been sentenced to 12...

Read more