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Macerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanGrupo Frali buys Edgewater dev site to complete full block assemblageGrupo Frali buys Edgewater dev site to complete full block assemblageLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlords
South Florida

Old home styles are new again

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In the down market, housing developers around the country are moving away from mansions and going back to building affordable family homes that can compete with rentals. KB Homes is returning to its roots by creating low-cost, small homes, using the same facades as their old tract houses but cutting the size, and price, of the homes in half. Young entry-level buyers used to be priced out of the housing market, but are now finding that buying is as cheap as renting as prices fall.