Real Estate Blog

Freedom Mortgage Corp. founder and CEO Stanley Middleman and wife Roslyn Middleman bought a new mansion along the beach in Ocean Ridge for $19.88 million.

Ocean Ridge 6161 N.Ocean LLC, managed by Donna M. Sotillo in West Palm Beach, sold the 13,674-square-foot home at 6161 N. Ocean Ridge Blvd. The price equated to $1,454 a square foot.

Built on the 1.55-acre site in 2017, the home features five bedrooms, six bathrooms, three half-bathrooms, marble floors, a pool, bar and an elevator.

Middleman…

The Milwaukee County Board will decide next week whether to vote in a policy forbidding apartment building owners and property managers from turning away renters based solely on them receiving rental or housing assistance from the U.S. government.

County Supervisor Marina Dimitrijevic, who represents the county's 4th District, has proposed adding the language “receipt of rental or housing assistance” to Milwaukee County's Fair Housing ordinance, making the language part of prohibited forms of discrimination…

With school out and summer around the corner, more people are on the move, and so too are scams artists trying to take advantage of them.

Bogus ads on Craigslist, Facebook and other forums offering rentals that really aren’t for rent tend to rise with the temperatures outside. The ads, which can stay up for hours before getting flagged as fraudulent, usually show appealing pictures pulled from other online postings and offer an alluring lease rate.

Almost always, the poster had had to move away because of an unforeseen situation that solicits sympathy. And while common sense says never wire money to rent a place you haven’t seen in person, the posters insist they are completely trustworthy. Just wire the money and the key will be on its way.

“Rents are high and people are desperate,” said Hope Grandon, who ran across more than a half dozen bogus ads in her search last month for a studio/one-bedroom rental in Denver.

At first she was suspicious, then frustrated, and then angry when ..

LAS VEGAS — Another day, more troubling numbers for the U.S. housing market.

The National Association of Home Builders forecasts builders will get started on 909,000 new homes across the county over the course of 2018, chief economist Robert Dietz said during a panel discussion at the National Association of Real Estate Editors conference here Thursday. The problem is that figure will fall 300,000 short of demand.

“We continue to under build single-family housing,” Dietz said. “(So) home-price growth should continue to outpace income growth due to the scarcity.”

The prediction jibes with data being tracked by Seattle-based real estate brokerage Redfin. In a newly released assessment of 174 U.S. metro areas, Redfin found that home prices went up an average of 6.3 percent last month over a year ago. In Denver, average home prices crept up just slightly May over April, hitting $415,500. But that figure is 10.4 percent higher than the average price Redfin tracked in the metro area in Ma..

Foxconn Technology Group will have 500 employees in the downtown Milwaukee office building it recently bought from Northwestern Mutual.

Foxconn bought the office at 611 E. Wisconsin Ave. to house its North American headquarters operations. It also will have a large innovation center for startup companies developing technology relating to Foxconn’s high-resolution LCD screens.

Louis Woo, special assistant to Foxconn founder and CEO Terry Gou, said the building will house “most if not all of…

The property last traded for $18.5 million.

Social media network Facebook has been on tear, leasing up buildings in the Bay Area including a huge new deal in Fremont.

The buyer plans significant upgrades to the property.

Architect Glenn Mason, whose firm is known for its restoration work and research on historic buildings in Hawaii and the Pacific, estimates he’s worked on some two-thirds of the buildings on the tour.

Units are priced up to $1 million.