Spring Bunting Real Estate Broker Associate

Regulatory costs including permits, building codes, inspections, and design standards now make up 26.4% of the average new home's sale price, adding $131,734 to the typical $499,500 home and rising nearly 40% in just five years, according to a new National Association of Home Builders study.

Lizzo has sold her Beverly Hills mansion for $11.15 million, taking a $3.9 million loss on the property she bought for $15 million four years ago. After listing it for $15.99 million in December 2024 and repeatedly cutting the price to $12.5 million, she ultimately accepted an offer more than $1 million below her most recent ask.

The renovation of 18th and 19th streets will be done in three phases. STORY: https://www.kget.com/news/local-news/major-street-renovation-walkability-project-underway-in-downtown-bakersfield/

A fire sale has office buildings across America going for more than 90% off.

Landlords and their lenders held on to their office towers for years, hoping for a turnaround after Covid. Now, they are accepting enormous losses.

Owners and creditors are capitulating to the reality that more employees are splitting their work time between home and office. They are also resigned to stubbornly higher interest rates, which lower property values and make it harder for buyers to borrow.

Developer Asher Luzzatto paid a mere $5.3 million for the Denver Energy Center, after a foreclosure process. The two-building complex sold for $176 million in 2013.

In Chicago, real-estate developer Marc Calabria bought a 485,000-square-foot office building for $4 million. The building sold for $68.1 million a decade ago.

These distressed sales are paving the way for new owners to pursue redevelopment ideas that would have been unthinkable just a few years ago.

Rock-bottom prices are also accelerating the move to residential conversion.

🔗 Read more: https://on.wsj.com/4vhKC4K

The Old Baptist Church across Truxtun Avenue from the county administrative building has been reincarnated as an education administration building — a 95-year-old, $9.5-million reincarnation — and it’s a sight to see. In a good way.

A downtown palace fit for pop royalty. Mariah Carey’s longtime Tribeca penthouse is hitting the market for $27 million, marking its first sale in nearly three decades. Spanning three levels atop Franklin Tower in New York City, the 12,700-square-foot residence was transformed by designer Mario Buatta into a glittering, art deco-inspired showpiece filled with signature butterfly motifs. The eight-bedroom home features everything from a grand salon with a historic white baby grand piano to an underwater-themed media room and a rooftop terrace with skyline views. Lavish details like hand-painted ceilings, marble baths, and a boutique-style dressing room elevate the already dramatic footprint. Equal parts spectacle and sanctuary, it’s a rare chance to own a piece of Carey’s ultra-personal world.

The Village at Lyons offers a rare chance to own an entire Irish village for $23 million. Set across 20 acres just 30 minutes from Dublin, the historic estate includes 47 bedrooms spread among rose-covered cottages that preserve intricate ceilings, fireplaces, and period charm alongside modern upgrades. Originally developed in the 1820s and later revitalized by Tony Ryan, the property now blends heritage with hospitality, featuring multiple dining venues, lush gardens, orchards, lakes, and a full spa with outdoor soaking tubs. Additional amenities, from a yoga space to a home theater, position it as either a private multigenerational compound or a turnkey wellness retreat. It is a singular offering that merges

A piece of rock history is back on the market. Ozzy Osbourne and Sharon Osbourne’s longtime Los Angeles home has returned with a $17 million ask, nearly a year after the Black Sabbath frontman’s passing. The Mediterranean Revival estate in Hancock Park spans roughly 11,500 square feet, with seven bedrooms, a guesthouse, and a glam overhaul courtesy of the Osbournes. Interiors range from a grand chandelier-lit foyer to a striking red velvet screening room signed by icons from Elvis Presley to Rita Moreno. Outside, a mosaic-tiled pool, pizza oven, and manicured grounds round out the offering. The gated residence, built in 1929, is being shown exclusively to prequalified buyers.

Tower Hill Farm, a rare 20-acre New Jersey estate built for Macy's heir Herbert Straus and steeped in Titanic history, is hitting the market for the first time since 1949, asking $10 million.

Heather Dubrow and Terry Dubrow’s famed “Dubrow Chateau” is back on the market for $62 million in Newport Beach. First made famous on The Real Housewives of Orange County, the 20,100-square-foot estate features seven bedrooms, 13 baths, and over-the-top details like a Champagne wall, a 22-foot chandelier, and a glass-etched family tree mural. Set atop a promontory in the guard-gated Crystal Cove enclave, the Tuscan-style villa pairs sweeping Pacific Ocean views with amenities including a 21-seat theater, mirrored gym, and a 20-car subterranean garage. Originally sold in 2022 for $55 million, the property remains one of Orange County’s most recognizable residences.