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A basic fact not well understood by the public and politicians is that developers must raise money for their projects — and cannot if the expected return doesn’t compensate for investors’ risk.In other words: No profit, no project.One ele...
What does $400 million buy in Bel-Air? Thirty-nine bedrooms, 59 bathrooms, 70,000 square feet and a piece of history.The mega-mansion, which surfaced for sale this week, is seeking to be the most expensive home sale in U.S. history. The curren...
In a rare moment of political alignment last month, Gov. Gavin Newsom and President Trump vowed to crack down on corporate home buying. Now, a new bill aims to make it a reality.Assembly Bill 1611, introduced by Assemblymember Matt Haney (D-Sa...