February 5, 2025 - 06:49
The Los Angeles City Attorney's office has initiated legal action against the real estate company Blueground, claiming that the firm engaged in illegal price gouging practices amid the ongoing crisis caused by recent fires. The lawsuit alleges that Blueground took advantage of the emergency situation by significantly raising rental prices, thereby exploiting vulnerable residents who were in desperate need of housing.
City officials have expressed their commitment to protecting consumers and ensuring that businesses adhere to the laws designed to prevent price gouging during emergencies. The complaint highlights specific instances where rental prices were allegedly inflated beyond reasonable limits, making it difficult for individuals and families affected by the fires to secure affordable accommodations.
As the legal proceedings unfold, the City Attorney's office is urging other businesses to comply with existing regulations and refrain from taking advantage of the crisis. This case reflects a broader effort to hold companies accountable for their actions during emergencies and to safeguard the interests of the community.
September 13, 2025 - 21:42
Rise in Short Interest Among S&P 500 Real Estate Stocks Noted in AugustAt the end of August, the average short interest in S&P 500 real estate stocks saw a slight uptick, rising to 2.62% of the shares float compared to 2.60% at the end of July. This increase indicates...
September 13, 2025 - 02:53
Generous Donation Fuels Expansion of Real Estate Education at the University of AlabamaA transformative $5 million gift from Rance and Angie Sanders is set to enhance the University of Alabama`s Real Estate Program, providing students with essential educational resources in a rapidly...
September 12, 2025 - 18:16
The Importance of Energy Efficiency in Real Estate DecarbonisationThe World Economic Forum has highlighted the significant role of real estate in the global emissions landscape, attributing 40% of total emissions to this sector. This alarming statistic...
September 12, 2025 - 08:46
Milestone Group Successfully Closes $1.1 Billion Real Estate FundDallas-based Milestone Group has announced the successful closing of its Milestone Real Estate Investors VI fund, reaching an impressive $1.1 billion. This achievement comes in a challenging...