ArcaMax

Surcharges that California homeowners have been hit with statewide by insurers defraying the costs of Los Angeles County's wildfires were ruled legal in a decision released late Tuesday.

L.A. County Superior Court Judge Tiana Murillo turned down a petition by advocacy group Consumer Watchdog to halt the charges, which insurers began levying ...Read more

A massive real estate development that would include more than 1,500 residences, dramatically transform three city blocks and alter the downtown Los Angeles skyline was approved Tuesday by the City Council.

The planned Fourth & Central complex would cost $2 billion to build and include a mix of residential, office, restaurant and shop spaces in...Read more

LOS ANGELES -- With SpaceX’s historic initial public offering minting a small army of new millionaires overnight, the Southern California housing market is bracing for a big wave of buyers looking to upgrade their digs or perhaps snag a second home, potentially driving up prices in some in-demand neighborhoods.

Shares of SpaceX started ...Read more

The NYC Rent Guidelines Board approved a rent freeze for the city’s one million rent stabilized units on Thursday — in a major win for Mayor Mamdani.

The freeze marks the first complete fulfillment of one of Mamdani’s core campaign promises, and it comes just days after candidates he backed swept their primary elections. A legal challenge...Read more

Five years ago, Florida’s millions of condo dwellers awoke to a new reality.

The Champlain Towers South building in Surfside had collapsed in the pre-dawn hours of June 24, 2021 — a generational tragedy that claimed 98 lives and forced anyone living in a large condo building to confront an existential question: What if mine’s next?

Such ...Read more

A member of the NYC Rent Guidelines Board resigned hours before the board was scheduled to vote on Mayor Mamdani’s promise of a rent freeze for stabilized tenants, saying the panel’s work had become corrupted as it pursued a preordained political outcome.

Christina Smyth, a landlord representative on the board reappointed by ex-Mayor Adams ...Read more

More than a third of short-term rental properties like Airbnb and VRBO in Philadelphia have licensing issues, according to a new report from the City Controller’s office released Tuesday.

The controller found that of 3,734 analyzed licenses associated with short-term rentals, 1,327 were expired or noncompliant.

“Short-term rentals are an ...Read more

Elon Musk is no stranger to financial alchemy. His latest feat: adding billions of dollars of debt onto his cash-burning business empire while simultaneously cutting its annual interest burden.

SpaceX sold $25 billion of investment-grade bonds on Tuesday, marking the final step to replace the costly debt that had helped finance Musk’s 2022 ...Read more

Tech stocks took another big hit Tuesday as investors sold off shares of companies that have powered the artificial intelligence boom.

Technology companies have been spending billions of dollars investing in data centers and infrastructure needed to support the race to advance AI. But sky-high valuations and geopolitical tensions have some ...Read more

Shares in Elon Musk's rocket company SpaceX halted their three-day slide that had erased roughly $600 billion off its market value.

SpaceX shares closed at $156.11 with a nearly 1% gain on Tuesday, a slight recovery from a 16% fall on Monday.

That loss dropped the stock below $160.95, where it ended the day June 12 after a 19% surge during ...Read more

The Massachusetts Supreme Judicial Court struck down a ballot proposal that would have imposed the strictest statewide rent control in the US.

The measure sought to limit apartment rent increases to 5% or the annual gain in the Consumer Price Index, whichever is lower. The proposal can’t go before voters in November because it includes an ...Read more