Hanover House in Beverly Hills A modernist mansion built by spec home developer-to-the-stars Roman James has relisted at a discount roughly six months after first hitting the market, The Real Deal has learned. The 12,000-square-foot residence on Hanover Drive is now seeking $39 million, down about 13 percent from the original $45 million. There are […]
This land is our land: Homeowners group says Forest City project is on their property
Renderings of 949 S. Hope Street (Credit: Solomon Cordwell Buenz and iStock) A homeowners association is appealing the construction of a South Park apartment complex high-rise, claiming the project’s entitlements wrongly allow the developer to build on a lot the group owns. The Central Los Angeles Planning Commission will hear the appeal on Tuesday, potentially […]
Justice Department fines Ocwen subsidiary for foreclosing on military members’ homes
Ocwen’s Glenn Messina (Credit: iStock) A subsidiary of Ocwen agreed to pay a $750,000 fine to the Justice Department in order to settle allegations that it illegally foreclosed on the homes of service members of the U.S. military. The federal agency alleges PHH Mortgage Corporation, a mortgage servicer that was acquired by West Palm Beach-based […]
This week in celeb real estate: Texas philanthropists unload mansion for $40M, Jeremy Piven lists bi-coastal properties.. And more
Jeremy Piven and his Malibu and Tribeca homes, and Alexandra Dwek and the home on Bellagio Road (Credit: Getty Images, Zillow, and StreetEasy) Aside from one pricey trade in the upscale Bel Air, this week proved to be a relatively slow week in the effervescent celebrity real estate market in Los Angeles. Actors also looked […]
Could Amazon break into real estate by buying Redfin?
Redfin CEO Glenn Kelman overlaid on Jeff Bezos (Credit: Getty Images and Redfin) Amazon has a history of breaking into new industries with a splashy buy, having disrupting the grocery business with the $13.7 billion acquisition of Whole Foods. Should the company do the same to real estate by buying online brokerage Redfin? One analyst […]
They didn’t love it. Kim and Kanye back out of Miami Beach condo purchase
Kim and Kanye West walking away from Faena House at 3315 Collins Avenue (Credit: Getty Images and Highrises) Maybe she didn’t love it? Kanye West has backed out of buying a luxury condo at Faena House in Miami Beach, according to Page Six. West will reportedly lose his deposit on the unit, a four-bedroom, 4,700-square-foot condo […]