June 12, 2025 - 21:48
In a significant legal move, California Attorney General Rob Bonta has initiated a lawsuit against prominent Southern California landlord Mike Nijjar. This action follows an extensive three-year investigation into Nijjar's business practices, which allegedly involve widespread violations of tenant rights and habitability standards across his extensive portfolio of 22,000 rental housing units.
The lawsuit claims that Nijjar has systematically neglected necessary repairs and maintenance, creating unsafe living conditions for tenants. It also alleges that he has failed to adhere to various tenant protection laws designed to safeguard renters from exploitation. This legal challenge reflects the state's commitment to ensuring that all residents have access to safe and habitable living environments.
Bonta's office emphasized the importance of holding landlords accountable for their responsibilities, particularly in a housing market where many individuals and families struggle to find affordable and decent housing. The outcome of this lawsuit could have significant implications for tenant rights and landlord accountability in California.
June 13, 2025 - 09:39
Will the New Tax on Non-Owner-Occupied Mansions Attract Celebrities to Rhode Island?As discussions intensify around the newly proposed tax on non-owner-occupied mansions, local real estate stakeholders are expressing concerns about its potential impact. Dubbed the `Taylor Swift...
June 12, 2025 - 10:34
Private Equity Firms Deploy Over $1 Billion in Real Estate and Infrastructure LoansIn a significant move within the alternative investment landscape, private equity and venture capital firms have collectively allocated over $1 billion towards loans in the real estate and...
June 11, 2025 - 23:09
Mitsubishi Estate Acquires Majority Stake in Patron CapitalMitsubishi Estate Co. has made a significant move in the European property market by acquiring a majority stake in Patron Capital, a private equity real estate fund manager. This strategic...
June 11, 2025 - 02:15
Community Approves Agreement for Somernova Development in SomervilleRecently, residents of Somerville`s Spring Hill neighborhood cast their votes in favor of a Community Benefits Agreement for the highly anticipated Somernova development. This decision marks a...