Southern California residential rents are likely to rise for two years as home prices climb and apartments remain in short supply, according to a study by the University of Southern California’s Lusk Center for Real Estate and the state’s Realtors group.
International Property Developers announced plans to build a $3.5 billion office, residential, hotel and retail project in downtown Chicago, including a 120- story tower that would be the tallest in the U.S.
An Andy Warhol “Dollar Sign” is among artworks worth as much as $3 million being sold by Ireland’s National Asset Management Agency (NAMA) to recoup some of the debts of real-estate investor Derek Quinlan.
Redwood Trust Inc., the only issuer of new home-loan securities without government backing since the market froze, plans to sell bonds tied to $375 million of so- called jumbo mortgages, in the second deal this year.
For J.H. Snyder Co. to start building a $197 million Los Angeles apartment complex in June, the developer cobbled together funds from two city agencies, a mezzanine lender and a pension fund to help fill a 63 percent funding gap left by JPMorgan Chase & Co.’s construction loan.