The Los Angeles residence where “Friends” actor Matthew Perry passed away last year is now in the hands of a new owner. The home quietly sold for $8.5 million in an off-market deal, according to the New York Times. The property’s new owner, Arizona real estate developer and producer Anita Verma-Lallian, closed the transaction via
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There’s a new president in California. The Golden State’s famous White House replica sold Wednesday for a cool $23 million. Known as the “Western White House,” the 24,400-square-foot Georgian Colonial mansion was put on the market in June 2023 — and was sold well below its original $38.9 million asking price. The Western White House
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It’s an out-of-the-box undertaking. What is expected to be the “world’s largest building” has officially broken ground in Saudi Arabia. The ambitious $50 billion project — called The Mukaab — in capital city Riyadh is part of a wave of futuristic construction across the Arab nation, the Sun reported. A rendering of the massive Mukaab,
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A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage demand moved lower again last week, even though mortgage interest rates didn’t move. Total mortgage application volume dropped 6.7% from the previous week, hitting its lowest level since July, according to the Mortgage Bankers
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Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to the National Association of Realtors. Sales were 3.5% lower than in September 2023. Sales fell in three out of four U.S. regions, with just the
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The double-townhouse residence of the late jet-setting couple Mica and Ahmet Ertegun has sold for $9.3 million, Gimme Shelter has learned. The proceeds of the sale, at 121-125 E. 81st., went to their charity, said brokers involved in the deal. The home was asking $12.9 million. Mica, a noted interior designer who fled Romania after the
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Fashion Nova’s billionaire founder Richard Saghian has splashed out $30 million for a prime piece of Miami Beach property — two of them, in fact. The retail mogul scored two properties in a swift, all-cash deal: a luxe waterfront mansion and a house across the street, both located on exclusive North Bay Road, according to
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As mortgage rates stagnate around 6%, prospective homebuyers are feeling nostalgic for the 3% interest rates of 2020 and 2021. Google search results for the term “assumable mortgage” spiked in May, following a steady upward trend starting in 2022. Mortgage assumptions allow buyers to take over an existing mortgage at its current rate, possibly securing
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America’s office market is teetering on the edge of a massive shake-up as rising debt and the permanent shift to remote work leave countless office buildings across the country vacant and struggling. In response, experts predict a wave of fire sales and conversions that will turn these once-bustling office towers into much-needed residential housing. With
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