The property was originally listed for $88m and sat on the market for only about five months. The property was originally listed for $88m and sat on the market for only about five months. A luxury Lake Como-inspired estate in the San Francisco Bay Area has sold to a buyer "in the AI world" for a record $70m, in the latest sign of a new tech wealth boom that's pushing home prices to extraordinary heights in the region The property south of San Francisco not only becomes the most expensive sale in its affluent town of Hillsborough, doubling a previous record, but is also the most expensive sale in northern California this year, according to listing agent Jennifer Gilson of Golden Gate Sotheby's International Realty. Gilson declined to share any details about the buyer, other than that the new owner of 3000 Ralston Avenue is a man in the AI industry. It is the latest sign of a housing boom across Silicon Valley being driven by AI wealth.

Things to Do in L.A. Tap to enable a layout that focuses on the article. Gubernatorial candidates Steve Hilton, left, and Xavier Becerra spoke Tuesday in Sacramento about their plans if elected to lead California. This is read by an automated voice. Please report any issues or inconsistencies here . See more from the L.A. Times in Google Search.

Technology Engineering 19th century real estate agents used'peepshow' technology to sell glitzy mansion Cosmoramas were an 1840s version of Zillow--but with paintings. More information Adding us as a Preferred Source in Google by using this link indicates that you would like to see more of our content in Google News results. An illustration of a cosmorama, taken from the women's magazine, La Belle Assemblee. Breakthroughs, discoveries, and DIY tips sent six days a week. By signing up, you confirm you are 16+, will receive newsletters and promotional content and agree to our Terms of Use and acknowledge the data practices in our Privacy Policy .

Rightmove searches for rental properties that allow pets have plummeted since law changes gave renters more rights. Following the introduction of the new rules, pet searches dropped by more than 50% in May and June compared with a year earlier. Landlords in England cannot unreasonably refuse pets in their properties under changes made in May in the Renters' Rights Act. But agents say some renters wrongly believe permission to have a pet is guaranteed, and landlords say some homes remain unsuitable for multiple pets or large dogs. Landlords must consider requests fairly and cannot unreasonably refuse them, but they can still decline where there is a valid reason, said Megan Eighteen, immediate past president of lettings agents trade body ARLA Propertymark. She said there was plenty of potential for misunderstanding, among tenants about pet-friendly properties.

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Things to Do in L.A. Tap to enable a layout that focuses on the article. Television City, at Beverly Boulevard and Fairfax Avenue, has served as a stage for some of TV's most legendary moments. This is read by an automated voice. Please report any issues or inconsistencies here . See more from the L.A. Times in Google Search.

The 2024 Department of Justice antitrust complaint against RealPage, Inc. named five major residential REITs for coordinating algorithmic rent pricing across hundreds of thousands of apartment units in major US metropolitan areas. This paper studies whether census-tract-level corporate landlord concentration (CLC), measured from SEC EDGAR 10-K property filings geocoded to census tracts, the first such application in the literature, is associated with rent growth 2019-2023, and whether that association is larger in majority-minority neighborhoods. Rent outcomes are measured using the Zillow Observed Rent Index (ZORI). To account for the possibility that corporate landlords preferentially locate in neighborhoods already seeing rent appreciation, all regressions control for a fully novel Algorithmic Housing Burden Index (AHBI), a composite of pre-existing rent burden and market tightness from ACS data. Across 665 census tracts in ten US metropolitan areas, doubling REIT concentration is associated with 2.8 percentage points higher rent growth (p = 0.086, p = 0.030, HC1 robust). This association is significantly stronger in majority-minority tracts. Within the same metro, high-CLC majority-minority tracts are associated with 5.9 percentage points higher rent growth than comparable white tracts (p = 0.039). An XGBoost model predicts 44 percent of out-of-sample rent growth variance, with SHAP analysis independently confirming that CLC's contribution is positive in minority tracts and negative in white tracts. Taken all together, these findings provide the first tract-level evidence consistent with corporate landlord concentration being associated with disproportionately higher rent growth in communities of color.

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