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Month: May 2018

Handful of landlords dominating downtown and keeping office rents high

Downtown LA skyline (Credit: haymarketrebel via Flickr) Downtown Los Angeles has recently seen rents and vacancy rates surge at the same time, a paradox rarely seen in office markets. Optimism about coming demand is not enough to ...

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  • 09 May
  • The Real Deal
  • Uncategorized
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Douglas Elliman loses $8M in Q1

Douglas Elliman lost $8.1 million during the first quarter due to sluggish sales in New York City and costs associated with acquiring Los Angeles-based Teles last year, the firm said Wednesday. The New York-based brokerage reported ...

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  • 09 May
  • The Real Deal
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CRE has a big problem with sexual discrimination: survey

(Credit: Pixabay, Public Domain Pictures) Sexual discrimination is an industrywide problem in commercial real estate, according to a new survey by the National Real Estate Investor. Almost three-quarters of the 252 respondents said ...

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  • 09 May
  • The Real Deal
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Warren Buffett pays $130M to buy Brookfield out of brokerage

Warren Buffett (Credit: PxHere, Pixabay, Wikimedia Commons) Warren Buffett’s Berkshire Hathaway has paid $130 million to buy out Brookfield Asset Management’s stake in the conglomerate’s fast-growing real estate brokerage. Berkshire ...

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  • 09 May
  • The Real Deal
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SpaceX-leased industrial complex in Hawthorne hitting the market

SpaceX founder Elon Musk and Zelman Development co-president Paul Casey, with Century Business Center (Wikimedia Commons/Zelman) In Hawthorne, an opportunity to become SpaceX’s next landlord is ready for blastoff. A 1.4 ...

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  • 09 May
  • The Real Deal
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Meet the California bank backing Brooklyn’s Hasidic developers

Gregory Garrabrants and the Brooklyn skyline (Credit: Getty Images) It’s 1999. AOL is how most people receive email, and computers everywhere could soon succumb to the Millenium bug. It’s also the year when a new lender emerges and ...

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  • 08 May
  • The Real Deal
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Realogy’s presence in LA far outweighs competitors: report

Ryan M. Schneider and Los Angeles homes (Credit: Realogy, PxHere) Realogy may not be the first name that comes to mind when talking about Los Angeles real estate. But in REAL Trends’ recent ranking, it’s hard to find anything other ...

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  • 08 May
  • The Real Deal
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Pasadena mixed-use project will feature 71-unit condo building

The parking lot where the multifamily is set to rise and Arthur Liu (Credit: Committeeof100) A media man appears to be getting into the real estate development game with plans for a mid-rise condominium building in Pasadena. The Oak ...

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  • 08 May
  • The Real Deal
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Case dismissed: Judge says Zillow’s Zestimates are clearly just estimates

Spencer Rascoff A Zestimate, in the end, is just an estimate. A federal judge dismissed a lawsuit by several Chicago-area homeowners over Zillow’s “Zestimates” of home values. The suit had alleged Zillow leads homebuyers to believe ...

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  • 08 May
  • The Real Deal
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WeWork taps Bjarke Ingels as chief architect

Adam Neumann and Bjarke Ingels (Credit: Alexei Hay via WeWork) WeWork hired Danish architect Bjarke Ingels as “chief architect,” as the co-working company ramps up its development business. Ingels, who designed the Durst Organization’s ...

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  • 08 May
  • The Real Deal
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