MARKET NEWS
Pennsylvania town offers big incentive for people to fix homes
The Real Deal Los Angeles
In an attempt to reverse decades of economic decay and attract investment, a city outside Pittsburgh is dangling a major incentive on its vacant homes. Monessen Mayor Matt Shorraw said his administration will wipe out back taxes on properties if a new owner commits to cleaning them up and renovating, according to the Wall Street Journal. The Pennsylvania city has so far managed to find owners — about half of whom are investors — for ... The post Pennsylvania town offers big incentive ...
Read more...

Credit Suisse Group partners with MARK on $1B-plus rental housing fund
The Real Deal Los Angeles
Credit Suisse Group AG is partnering with investment firm MARK on a European rental investment venture called DOMA. The partners aim to raise an initial 350 million euros for the fund, the equivalent of $414 million, according to Bloomberg. DOMA is targeting single-family homes and small multifamily buildings and wants to eventually acquire a portfolio worth 1 billion euro. The platform was seeded with 700 units across Europe. DOMA is being led by MARK Chief ... The post Credit Suisse Gro ...
Read more...

London fire officials say over 1K buildings unsafe in a fire
The Real Deal Los Angeles
London fire officials say more than a thousand buildings in the British capital are now unsafe in the event of a fire, with a large majority of those suffering from the same problem that contributed to the deadly Grenfell Tower blaze. London Fire Brigade, the city’s fire and rescue service, recently added 39 buildings to its list of structures with fire safety defects, bringing the total to just over 1,000 structures, according to Property Week. ... The post London fire officials say ov ...
Read more...

Robert Durst convicted of murder
The Real Deal Los Angeles
Justice has finally caught up with Robert Durst. The notorious heir to the Durst real estate fortune was convicted of murder Friday by a Los Angeles jury for the execution-style shooting of his friend Susan Berman in 2000. It was one of three confirmed or suspected homicides for which the 78-year-old had long escaped responsibility. Prosecutors argued that Durst shot Berman point-blank in the back of the head because she was planning to tell police ... The post Robert Durst convicted of m ...
Read more...

What just happened with single-family zoning in California?
Real Estate
Gov. Gavin Newsom signed legislation that allows more than one unit to be built on lots zoned for only one. It sounds technical, but it's a major change in California housing policy. Here's what it means.
Read more...

CIM suing SBE Entertainment for unpaid rent at Hollywood eatery
The Real Deal Los Angeles
CIM Group is suing SBE Entertainment over skipped rent at a Hollywood restaurant, alleging the nonpayment stretches back to the start of the pandemic. CIM is seeking $221,300 in rent and maintenance fees for Lono Hollywood, according to a suit filed last week in Los Angeles County Superior Court. The lawsuit marks at least the fourth time since the pandemic that CIM has sued tenants for unpaid rent. The tiki bar and restaurant at 6611 ... The post CIM suing SBE Entertainment for unpaid re ...
Read more...

National Trends


Vacancy Rates


Loan Rates
APLA Group has partnered with multiple lenders that have a proven track record of financing acquisitions and refinancing current assets with the best terms & rates to meet our client's financial goals.


Keller Williams Commercial is a registered trademark
APLA Group © 2021
BRE #01274379 | #01822661