Author Archive
Rocket trims workforce after completing Mr. Cooper acquisition
“Following the Mr. Cooper acquisition, we carefully reviewed our combined structure, identified overlapping roles and made the difficult decision to streamline teams,” the company said in a statement to HousingWire. Rocket closed the ...
SB 79 Potential Boon for Real Estate Developers
Will Senate Bill 79 be the new builder’s remedy for developers? It appears that it could be.This may be why there was a scramble by the city of Los Angeles to push back on the transit-oriented housing bill after Gov. Gavin Newsom signed it in...
DOJ accuses real estate executives of fraud in homeless funding
The U.S. Department of Justice on Thursday announced charges against two real estate executives accused, in unrelated cases, of misappropriating millions of dollars in state funds allocated to combat homelessness. Prosecutors charged Brentwoo...
New York City Casino Players Change Their Odds
Still stinging from the rejection of its casino bid, SL Green made a splash this week by agreeing to buy the 36-story Park Avenue Tower at 65 East 55th Street in the Plaza District for $730 million, a discount on the roughly $925 million that t...
Landlord Gerald Marcil Accused of Defrauding Banks
The man who made Jamie Dimon worry about a wave of commercial mortgage fraud is a California multifamily player and big-time Republican donor, Gerald Marcil, who is now facing serious legal allegations.Marcil was among the defendants named in a...
Californian home insurance startup uses AI to expand in risky markets
Stand Insurance has raised $35 million in a Series B funding round to expand its artificial intelligence-powered coverage for homeowners.The company targets insurance markets deemed risky, with policies covering properties valued at a total of...
Georgina Chapman Faces Foreclosure on West Village Apartment
Photo: Gilbert Flores/Variety via Getty Images Georgina Chapman, the Marchesa founder and ex-wife...
Citing fire risk, Malibu wants to arrest homeless people who refuse to stop camping illegally
On Monday morning, a homeless man sat in front of the county courthouse in Malibu, where he sleeps each night. In front of him was a small, green propane tank affixed with a torch, which he said he uses to cook and form wood pipes for tobacco ...
