The Clampett Mansion from ‘The Beverly Hillbillies’ Gets a Massive Price Cut—to $195 Million

Jed Clampett’s learning the hard reality of the real estate slowdown. The house that was featured as the setting for The Beverly Hillbillies has been on the market for roughly two years and has yet to secure a buyer. And now, the owners have dropped the price–again–by $50 million. That puts the estate, formally known […]

Meet the A.I. Landlord That’s Building a Single-Family-Home Empire

Erin Burrus has endured some misfortune in recent years: After a cancer diagnosis, she lost her home to foreclosure. Today she’s healthy again, and a stable job in sales has helped her mend her finances. “I’m climbing my way back up,” says Burrus. One symbol of her stability is the two–bedroom home she shares with […]

Trump Sold Beverly Hills Estate to Foreign Business Partner for $13.5 Million

Donald Trump hasn’t completely given up the real estate business while he’s in the oval office. The Trump Organization quietly sold a 5 bedroom, 6 bath Beverly Hills estate to an Indonesian business partner for $13.5 million. That’s nearly double what the President paid for the property in 2007, when he was in charge of […]

Google Pledges $1 Billion to Develop 20,000 New S.F. Bay Area Homes Over the Next Decade

In an effort to “build a more helpful Google,” company CEO Sundar Pichai said Tuesday that the Silicon Valley giant would devote $1 billion toward building 20,000 new homes in the Bay Area, mostly in the southern part of the region near Google headquarters. “We hope this plays a role in addressing the chronic shortage […]

Jeff Bezos Is Casually Buying Three NYC Condos Worth an Eye-Popping $80 Million Inc. isn’t setting up a new headquarters in New York City, but Jeff Bezos may be. The tech giant’s chief executive officer is buying three condos at Manhattan’s 212 Fifth Ave. with a total value of about $80 million, the Wall Street Journal reported Tuesday. If the three apartments–a penthouse and two units below […]

Risky Business? New Report Says Banks Are Holding More Real Estate Debt Than Thought

Commercial real estate lenders may have their hands full in the event of a recession, according to a new report. U.S. lenders have “much greater risk exposure than publicly recognized” to the commercial real estate sector, real estate data firm CrediFi says in the report, provided first to Fortune. The study deems lenders’ exposure to […]

Trump’s Presidency Is Hurting His Hotel Business

Donald Trump the president seems to be damaging the reputation of Donald Trump the business owner. The Trump National Doral Miami, which was once the biggest moneymaker in his business empire has seen net operating income drop 69% in the past two years, reports The Washington Post. A tax consultant hired by the hotel says […]