Worth more than $500 million, Lore wants this $10 billion moonshot to be his legacy project.
In some hotspots, like the Village and SoHo, the extreme competitiveness has given the advantage back to property owners.
Latch, which had revenues of $18 million last year, was founded in 2013.
Similar to a bevy of competitors, Homeward provides cash to buyers so they can submit the most competitive possible offers, or buy a new property prior to selling their existing home.
The changing dynamic comes as the overall rental market remains discounted.
Patrick Zalupski took a big hit investing in condos just before the Great Recession. So he tried a new tactic designed to minimize his risk and weather economic downturns — and now he’s a billionaire.
The property sold below its $75 million listing price, though it still marked one of the biggest deals in California over the past year.
In a choppy year for global real estate markets, these firms ended up on top.
“There’s still such a high amount of inventory, and tenants know that,” says Hal Gavzie, executive director of leasing at Douglass Elliman.
Crosby reportedly lived in Toluca Lake from 1936—when the home was built—to 1943.