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An oceanfront mansion in Malibu, reportedly linked to Oscar-winning actor Nicolas Cage, was damaged by a massive sinkhole on Tuesday morning amid coastal erosion. Fire officials told ABC7 that crews were dispatched to the home in the 31600 block of Sea Level Drive at around 5:45 a.m. following reports of a suspected gas main break….
Eric Wu built and ran Opendoor, one of the more ambitious real estate startups of the last decade, before stepping away in 2022 after fast-rising interest rates abruptly slowed down home sales. He spent a year resetting — he’d been running the company for eight years at that point — and could have easily jumped…
Zillow and Redfin have reached a settlement with the Federal Trade Commission (FTC) and five states, ending a legal fight over a 2025 partnership that the FTC claimed hurt competition in the rental-listing market. The settlement was announced on Monday, just as the case was scheduled to head toward trial this morning. The case stems…
San Francisco real estate has never been very accessible. But the record sales happening right now in the city’s high-end market are testing the upper limits of what even this famously unaffordable city thought was possible. Consider a six-bedroom, 5,700-square-foot home in Cow Hollow, one of San Francisco’s most coveted neighborhoods. It was listed two…
Coatue, one of the biggest names in venture capital and hedge funds, has a new plan to generate bigger returns on AI beyond its sizable stakes in Anthropic, OpenAI, xAI, and data center companies like Singapore’s DayOne and CoreWeave. It has launched a venture called Next Frontier to buy up land near large power sources…
For more than a decade, Alphabet’s X moonshot factory has been quietly trying to fix one of the world’s most stubborn industries. It failed twice, but this time the industry itself is along for the ride. On Thursday, X said that Anori, its platform for streamlining the notoriously tangled process of getting buildings approved and…
Nick Donahue’s parents were in the business of building houses, which means he spent his childhood hearing about the U.S. construction industry. His dad built homes for major developers, and his mom sold to big-box builders across the East Coast. Donahue was particularly interested in why designing a custom home cost a fortune and took…
Fintech startup Mesa has shut down its Homeowners Card, which awarded points to cardholders for paying their mortgages. A message on the Mesa website states that as of December 12, “all Mesa Homeowners Card accounts are closed,” adding, “All credit cards have been deactivated and you are no longer able to make any new purchases…
Georgia explores putting its public registry on the Hedera blockchain and tokenizing real estate through blockchain-integrated government infrastructure. Georgia’s Ministry of Justice has signed a memorandum of understanding (MoU) with the public blockchain network Hedera, as it considers moving the country’s land registry onchain and tokenizing real estate. According to a Monday announcement from the…
Last year, there were fewer than a dozen rental properties with six-figure leases in the L.A. area, mostly clustered in the predictable seasonal hotspots: Malibu, Beverly Hills and Newport Coast. That was then. Today, more than 250 homes have flooded the market with monthly price tags north of $100,000 in L.A. and Orange counties. Vanessa…