The chapter delves into the challenges faced by luxury towers in downtown LA in light of the discounted sale of a tower by CIM Group. Speculations on the influence of the sluggish office market on residential property sales and pricing are explored.
In December, Democrats in Congress introduced a bill that would put an end to hedge fund ownership of single-family homes. As demand for single-family rentals continues to grow, developers specializing in build-to-rent claim they'll get burnt. Deconstruct breaks down who's in the crosshairs and the likelihood that legislation can rein in the investment giants.
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