Top News for Real Estate Pros
World's Largest Franchisee Makes Personal Bet on San Francisco’s Office Recovery
Through a joint venture with Ellis Partners , Flynn Properties paid about $40 million to purchase a roughly 108,750-square-foot office property in San Francisco, with its CEO stating the city "is going to come back in a big way."
First US City To Adopt Single-Family Zoning Set To Overturn It
Berkeley, California, the first U.S. city to adopt single-family zoning, is set to approve plans to eliminate most of its single-family zoning districts to encourage apartment development and address the nationwide housing shortage.
Biggest Office-to-Residential Conversion in New York Lands Financing
New York’s biggest office-to-residential conversion project — involving the redevelopment of pharmaceutical giant Pfizer’s former headquarters near Grand Central Terminal — has taken a crucial step as it begins physical work.
Brokers Market Clint Eastwood’s Former Mayoral Estate in California to Out-of-State Buyers
The 100-year-old estate "Los Ondas," where Hollywood icon Clint Eastwood lived while serving as mayor of the California beachfront city Carmel-by-the-Sea, is now on the market for $21 million.
As Rental Costs Surge, Cities Fund More Affordable Housing for the Middle Class
As housing costs surge across the United States, more state and local officials are adopting policies and programs to address the needs of those who can't afford rents — even though they make what some have traditionally considered a middle-class income in a profession often requiring a post-graduate degree.