Friday, 31 January 2025

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Real Estate Entrepreneur Sentenced to 3 Years for Swindling Investors

A Louisville real estate entrepreneur was on Friday to 37 months in federal prison for his involvement in mail fraud connected to real estate schemes that resulted in the loss of more than $1 million to investors, according to reports.

Jason Bateman Buys $3 Million Former Home of Ernest Borgnine

Jason Bateman, the "Horrible Bosses actor, bought a $3 million home of the celebrated Ernest Borgnine, who died in 2012. The Country English compound hasn't been available for almost 60 years, reports the LA Times.

Parent to Child Transfers of California Real Property Tax Tip Sheet

Change in California real estate ownership may incur documentary transfer tax and capital gains tax. Ownership changes may increase future property taxes. For simplicity, in this tip sheet the term "parent-child exclusion" refers to both the parent-child exclusion and the grandparent-grandchild exclusion.

EDITOR'S PICKS

Monopoly Replaces Iron with Cat Token Following Fan Votes

The popular real-estate trading game, Monopoly, announced Wednesday that following fans votes on Facebook, the iron token will be replaced by a cat.
By Staff Reporter
Commercial Real Estate Loan Prices Rise in 2012, DebtX Reports

Prices for commercial real estate loans (CRE) sold through DebtX rose in 2012, but closed the year flat, according to the Boston-based marketplace for loans.
By Staff Reporter
Tyler Perry Hollywood Mansion Goes Up For Sale

Tyler Perry’s $11.25 million mansion was put up for sale, according CelebretyCafe. Actor, director and producer Tyler Perry arrives for a special screening of ''Why Did I Get Married Too?'' at the Ritzy cinema, in Brixton, south London May 21, 2010.
By Staff Reporter
Jenni Rivera Mansion Will Go Up For Sale: Reports

Jenni Rivera’s $3.3 million mansion in Encino, Calif., will be put for sale, Mexican entertainment magazine TV y Novelas reported. The sister of the late singer, who met an untimely death in a tragic plane crash last December, was cited to have said that the house is too expensive to maintain.
By Staff Reporter
China home price inflation quickens in Jan - survey

Average home prices in China's 100 biggest cities rose 1 percent in January from December, quickening from the 0.2 percent pace in the previous month and marking the eighth consecutive monthly rise, a private survey showed on Friday.
By Staff Reporter
Spain real estate hit to weigh on BBVA 2012 earnings

BBVA, Spain's second-biggest lender, is expected to report sharply lower earnings on Friday as growing income from emerging markets will not be enough to offset losses from soured property assets at home.
By Staff Reporter
Fed's Bullard paints upbeat picture for 2013 growth

The U.S. economy is on track for a better performance this year and improving growth will put the Federal Reserve in a position to slow or halt its massive bond-buying program, a top central bank official said on Friday.
By Staff Reporter
Europe's Tallest Building 'The Shard' Opens in London

Europe's tallest building, The Shard, opened its doors to the public on Friday in London with Mayor Boris Johnson opening the 984 ft (300 meter) skyscraper.
By Staff Reporter
Seattle House Prices Rose 0.5 Pct from October to Novemeber

Seattle-area house prices bounced back in November after slipping the month before, according to the closely watched Standard & Poor's/Case-Shiller Home Price Index.
By Staff Reporter
A-Rod Renting Miami Mansion for $125,000 a Month: Report

Yankees star Alex Rodriguez has rented his beachfront Miami mansion for more than $125,000 a month after being unable to sell the place, according to the Daily Mail.
By Staff Reporter