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Month: January 2018

Fed leaves benchmark rate steady at Yellen’s final meeting

Janet Yellen and the Federal Reserve building (Credit: Wikimedia Commons, Public Domain Images) In Janet Yellen’s final policy committee meeting as Federal Reserve chairwoman, the benchmark interest rate was left unchanged in a ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
  •  1

Keller Williams claims it’s now the No. 1 franchise in the world

Gary Keller and John Davis UPDATED: Jan. 31, 2:00 p.m.: In 2010, Keller Williams Realty launched an aggressive campaign to boost its ranks. As of today, the Texas-based brokerage says it’s the largest franchise firm in the world with ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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South Los Angeles receives $35M for more affordable housing

Aerial view of Jordan Downs (Credit: Bridge Housing) California awarded $35 million to fund affordable housing and recreational parks in South Los Angeles’ Watts neighborhood, the latest effort to improve the long-struggling area. A ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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How to close a real estate deal using Bitcoin

From left: Natalia Karayaneva, Andrew Hinkes and William Kakon (Credit: Pixabay, iStock, Images Money via Flickr) Daniel de la Vega is a Bitcoin believer. But his faith comes with a catch. As president of One Sotheby’s International ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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Home truths: Resi brokers at both ends of the pricing spectrum are feeling LA’s inventory crunch

The five-bed, six-and-a half-bath home at 9573 Lania Lane in Beverly Hills sold for $5.4 million in a deal brokered by Steve Frankel. The residential market in L.A. is as hot as ever as demand for homes at several price points largely ...

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  • 31 Jan
  • The Real Deal
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PNK Group to bring Hyatt-branded hotel to Hollywood

Hyatt President and CEO Mark S. Hoplamazian and renderings of the Hyatt-branded boutique hotel (Credit: nklosures) PNK Group Investments is developing a 63-key Hyatt-branded boutique hotel in Hollywood amid what has been described as a ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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Disney’s Bob Iger sells UES pad for $19M

Disney’s Bob Iger and 1125 Fifth Avenue There’s no screening room to speak of, but Disney’s Bob Iger sold his Fifth Avenue pad for nearly $19 million anyway. The CEO’s seventh-floor co-op at 1125 Fifth Avenue fetched $18.8 million, ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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Spotify nearing deal for major expansion into Arts District: sources

Spotify’s Daniel Ek and rendering of At Mateo at 555 Mateo Street (Credit: Wikimedia Commons, At Mateo) There’s more than just an IPO in Spotify’s future. The music streaming service giant is close to leasing 100,000 square feet at 555 ...

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  • 30 Jan
  • The Real Deal
  • Uncategorized
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Rents in major US cities fluctuate as much as 5.8% during the year

Miami, Los Angeles, New York City and Chicago skylines (Credit: Max Pixel, Public Domain Pictures, Pexels) Renters in the nation’s largest cities could save as much as $2,200 a year on rent if they wait for the right time of the year ...

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  • 30 Jan
  • The Real Deal
  • Uncategorized
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LA, New York, Miami home prices continue to rise

(Credit: S&P) Home prices continued their upward streak in November. The 20-city index registered a 6.4 percent growth rate year-over-year, marking the biggest increase since June 2014. The monthly data was released Tuesday by the ...

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  • 30 Jan
  • The Real Deal
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