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California Gives Provisional Approval for State Farm’s 22% Rate Hike

California Gives Provisional Approval for State Farm’s 22% Rate Hike

by Phil Hall | Mar 14, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California Insurance Commissioner Ricardo Lara has provisionally approved a request by State Farm for a 22% emergency interim rate increase in homeowners insurance following the vast devastation created by the Los Angeles County wildfires. In a statement, Lara...
New Book Details Newsom’s Financial Backing by Pacific Gas & Electric

New Book Details Newsom’s Financial Backing by Pacific Gas & Electric

by Phil Hall | Mar 11, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

A new book is claiming that California Gov. Gavin Newsom intervened on behalf of the utility responsible for some of his state’s worst wildfires after receiving hundreds of thousands in donations from the utility’s executives. Rather than penalize the utility, Newsom...
Most At-Risk Q4 Housing Markets Primarily in Three States and NYC Area

Most At-Risk Q4 Housing Markets Primarily in Three States and NYC Area

by Phil Hall | Mar 6, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two-thirds of the 50 counties with the most at-risk housing markets in the fourth quarter of 2024 were in California, Florida, Illinois, and the New York City area, according to new data from ATTOM. County-level housing markets on the latest list included 14 were in...
Richmond American Homes to Open Arden at Bedford in Corona, California

Richmond American Homes to Open Arden at Bedford in Corona, California

by Phil Hall | Mar 6, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Richmond American Homes of Maryland Inc. announced the grand opening of Arden at Bedford, an addition to its Bedford masterplan in Corona, California. Arden at Bedford offers single- and two-story homes that are available in three floor plans that span 3- to...
Bascom Group Acquires California Apartment Community for $127 Million

Bascom Group Acquires California Apartment Community for $127 Million

by Phil Hall | Mar 3, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Bascom Group LLC, a private equity firm, has acquired Highridge Apartments, a 257-unit apartment community in the coastal market of Ranchos Palos Verdes, California, for $127 million. Highridge Apartments is an institutionally owned, 1972-vintage property that has...
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