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...The technology investor tapped his sprawling nine-acre estate in Woodside, California, for cash in December 2019, at a time when his company’s fortunes were cracking under the weight of a failed WeWork IPO...
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...Home insurance is becoming increasingly unaffordable in areas such as California and Australia, as global warming has made storms, floods and wildfires more frequent and severe....
...Blackstone owes the University of California twice as much as it did last quarter as part of a complex transaction to shore up its flagship real estate fund....
...“I doubt if the city will want to try to take over the property itself,” Spivack said....
...Who Mexico Sotheby’s International Realty Villa, Baja California, $19.85mn Where On a hillside overlooking Palmilla Beach, at the tip of the Baja California peninsula....
...Monégasque property tycoon Patrice Pastor, who like legions before him has fallen hard for Carmel’s charms, seems to be the person behind quite a few of its new developments; among the flurry of residential...
...Behind the scenes has been Zach Lasry, a property developer who receives rare praise from the gallery community. Lasry is, it seems, everything you could want from an LA real-estate figure....
...That wasn’t the case for a California grocery chain, the FT’s Behind the Money podcast explains....
Fantasy, storytelling and cartoonish forms — influenced by the city’s film industry — are an antidote to pared-back neutrals
...To alleviate pressures on the fund’s liquidity as it met redemptions, Blackstone a year ago took a $4.5bn investment from the University of California that came with a high return promise....
...At the end of last year, Scott, who works in tech and is the sole earner for a family of four, bought a home in Orinda, California, in need of renovation....
...Who Coldwell Banker Warburg House, Malibu, California, US, $14mn Where A five-minute drive from Malibu Beach, to the west of Los Angeles....
...It is not a property market without intrigue, however....
...The two had known each other back home and Neutra leapt at the chance of an entry into the California lifestyle....
...There are various terraces and seating areas for taking in the property’s spectacular ocean views....
...California, New York and London are overheating and squeezing out young families because their planning systems place artificial constraints on supply, making urban development extremely difficult....
...Ding was arrested on Wednesday in Newark, California, and charged with four counts of theft of trade secrets....
...Up on the rooftop amid the high-tech rigs and “sails” are Bar 33 and the Cigar Merchants – that pair of glass boxes, like miniature California modernist villas, also designed by Tessier....
...In recent years Calstrs has moved more deeply into private markets, such as private equity and commercial property, where assets are less easily traded....
...Further research, he added, would shed light on the compounds’ properties....
...A string of Chinese property developers, which had invested heavily in the city, defaulted on loans in the past two years, forcing them to halt developments and put land up for sale....
...In wildfire-prone California, large insurers, including State Farm, have paused new applications....
...In addition to the Milan pop-up, it has a travelling immersive exhibition — currently stationed in Venice Beach, California — called Sensory Field, where visitors can experience a “synaesthetic melding”...
...The picture’s the same for the two biggest US housing markets, New York state and California. Here’s New York’s price distribution by area, which is most notable for the disappearing second peak....
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