Rapti Gupta
The 10-story Beverly Hills headquarters of Hustler Magazine, published and managed by Flynt Publications owner, Larry Flynt has sold for $89 million. The buyers were identified to be popular real estate investment trust, Douglas Emmett Inc. Builder Confidence in New Single Family Homes Strengthens in May; NAHB Report
Confidence among U.S. builders for new single family homes improved in May to reach 44 points, after dropping slightly in April from the values of March, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Jennifer Love Hewitt Buys House in Pacific Palisades for $3.2 Million (PHOTOS)
“The Client List” actress, Jennifer Love Hewitt has reportedly snagged a posh residence in Pacific Palisades, California for $3.25 million. Jennifer Lopez to Buy $10 Million Water Mill Estate in Hamptons
The beautiful Latina crooner, Jennifer Lopez has reportedly agreed to buy a huge Water Mill estate in Hamptons for $9.99 million. She toured the property several times with her boyfriend, Caspar Smart and her two twins and is quite serious about snagging the property, according to Curbed. Toni Collette Sued For Backing Out Of Property Purchase Deal
Toni Collette of the “Fright Night” and “United States of Tara” fame has reportedly been sued by a couple for backing out on a purchase of buying a home in Sydney, Australia worth $6.35 million. Building World Famous Structures with Lego Bricks
Lego has manufactured around 474 billion bricks until 2013 and the number increases by 36 billion every year. So, if you could lay hands on all the Lego bricks ever manufactured, what famous structures of the world could one build? US Housing Affordability Remains Steady for the First Quarter of 2013, NAHB report
Housing affordability among the public of the U.S. remained steady for the first quarter of 2013 when compared to the first quarter figures of 2012, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). Luxury Home Prices Drop in Singapore and Hong Kong on Cooling Measures
Luxury home prices dropped in Singapore and Hong Kong on strong property curbs making them, the only two Asian markets that witnessed price declines in the sector, according to recent reports released by property services firm, Jones Lang LaSalle. Jensen Ackles Buys Malibu Residence for $4.8 Million (PHOTOS)
The “Supernatural” star, Jensen Ackles has reportedly purchased a plush Malibu pad for himself and his wife for a cool $4.8 million. The two story home was apparently listed for $5.9 million but looks like Ackles got a discount on the purchase. Mad Men Star, Jon Hamm’s Home Fire Scare
Jon Hamm, who plays Don Draper on the period drama series, Mad Men just escaped a fire, well! There was no fire! Rupert Murdoch Announces Bel Air Vineyard Purchase on Twitter
Rupert Murdoch, the billionaire media giant recently announced that he had purchased a vineyard estate in the Bel Air area of Los Angeles. The purchase price was however undisclosed. Barbie Dreamhouse Experience Opening in Berlin
Another stroke of marketing genius/desperate effort to raise sales, has made its way into the market with Mattel, the toy company that manufactures Barbie® dolls, opening “The Barbie Dreamhouse Experience” in Berlin, Germany May 16, 2013. Herzog and de Meuron to Build Oxford University School Building worth $47 Million
After much ado, famous design firm, Herzog and de Meuron has finally been given the green light to start building the Blavatnik School of Government for the Oxford University. The project will cost something around $47 million. China Home Sales Drop 13 Percent in April on Housing Curbs
Home sales in China dropped 13 percent in April when compared to the figures of a month ago due to the various housing curb measures imposed by the Chinese government. Pat Riley’s Malibu Pad For Rent (PHOTOS)
Pat Riley, the former NBA Coach and now president of basketball team, Miami Heat, will reportedly be offering his Malibu pad up for rent asking just $18,000 a month from September. Kevin James’ Encino Mansion Sells for $5.5 Million
The “Grown Ups” actor, Kevin James' Encino mansion has sold just after 36 days of sitting on the market. James had listed his home in April for around $5.5 million and has got exactly the amount he had listed it for from the sale. The actor had purchased the home in 2003 for around $3.2 million. NASCAR Star Jeff Gordon Selling New York Condo for $30 Million
Racing superstar, Jeff Gordon has reportedly listed his Condo in 15 Central Park West, Manhattan, New York City for $30 million. He purchased the home back in 2007 for $9.6 million and remodeled the interiors Marc Anthony Buys LA Bachelor Pad for $2.5 Million
The “My Baby You” crooner, Marc Anthony has reportedly snagged a home in Los Angeles for $2.5 million. The purchase comes just at the heels of dumping girlfriend, Chloe Green. Ice Tsunami Hits Lake Community of Manitoba, Destroys Many Homes (VIDEO)
A huge Ice wave from a nearby lake hit a small lakeside community, Manitoba in Canada destroying and damaging many homes Friday, May 10. Strong winds blowing at the rate of 80 kilometers per hour drove large amounts of ice from the lake Dauphin towards the shore and onto the land making it look like a giant ice tsunami. Builders Submit Bids for Seward Park Lot Development
Plans of improving the Seward Park Lot on the Lower East Side of New York City have received a fresh boost as many affluent developers have submitted their bids to develop the six acre parcel. The large lot has nine separate plots. Bids were solicited for one or more plots. Kim Kardashian Home Hunting in Beverly Hills?
Just as everyone was speculating if the much-talked-about couple, Kim Kardashian and Kanye West will be homeless when their child arrives, Queen Kim has thwarted all conjecture and silenced some talking mouths. Kim was seen home hunting in Beverly Hills on May 10, reports US Magazine. Ben Stiller Sells New York Home at $1 Million Loss (PHOTOS)
The “Zoolander” star, Ben Stiller has finally sold his Riverside Drive, New York duplex home for something around $9 million. Stiller and his wife Christian Taylor have sold it for a full $1 million loss. Thomas Jefferson Designed Virginia Mansion to be Auctioned in June
A historical mansion designed by Thomas Jefferson, the third president of the United States in Spring Grove, Virginia is all set to go under the hammer on Wednesday, June 26. The property is being offered for sale by the estate of late congressman, Robert W. Daniel Jr. whose family has owned the estate for more than a century. Fannie Mae to Pay Back $59.4 Billion to US Treasury Department after Record Quarterly Profits
The Federal National Mortgage Association, popularly known as Fannie Mae will be paying back $59.4 billion to the U.S. Treasury as it reports record quarterly profits and hopes to capitalize on the loans it had received from the department during the housing crisis. Breckin Meyer Lists Beverly Hills Home for $2.9 Million (PHOTOS)
Breckin Meyer, the “Franklin and Bash” actor who just turned 39 on May 7 has reportedly listed his Beverly Hills estate on the open market with an asking price of $2.9 million. Did Beyonce and Jay Z Just Snag Cher’s $41 Million Mansion?
A rumor has hit the brokerbabble that pop and RnB songstress, Beyonce and her rapper husband Jay Z have picked up “Moonstruck” actress, Cher’s Malibu mansion that had hit the market just two months back for $41 million. John Paulson Lists Aspen Ranch Estate for $30 Million
John Paulson, famous hedge fund manager and founder of Paulson &Co. has reportedly listed his Aspen ranch estate for around $30 million. Paulson had grabbed real estate headlines when he purchased the Aspen estate for $24.5 million in 2010. China's State-Run Newspaper Getting Penis-Shaped Headquarters (PHOTOS)
The People’s Daily, a popular newspaper in China is building its new headquarters in Beijing and the half-constructed building looks just like a “Giant Penis”. That has caused the newspaper to become the butt of an international joke. Builder Confidence in 55+ Single Family Housing Market Rises in First Quarter of 2013: NAHB
The 55+ single family Housing Market Index (HMI) analyzed by the National Association of Home Builders (NAHB), rose to reach 46 points in the first quarter of 2013, making it the highest first quarter point recorded since the introduction of the measure in 2008. Twitter Leases Office Space in Sunnyvale, Debuts in South Bay
Micro blogging giant, Twitter Inc. has reportedly leased office space of around 8000 square feet near the Caltrain Station in Sunnyvale, one of the major cities that make up Silicon Valley, California. The move marks its debut in the South Bay area of the state, according to Mercury news.
EDITOR'S PICKS
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Fed Slashes Interest Rates, But Mortgage Rates Surge Up To 6.72% - Here's Why It's Happening
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New Real Estate Platform Allows US Homebuyers To Check The Political Affiliations Of Their Neighbors For Free
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NYC Bill Relieving Renters Of Broker Fees Passes Without Mayor's Signature. Real Estate Groups Are Suing To Stop It
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Suspect In UnitedHealthcare CEO Killing Hails From Real Estate Family, Grew Up In This $800K Home
