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Month: May 2018

Hot or not? Decline in WeWork bond values may suggest waning interest in startups

Adam Neumann (Credit: Getty Images) In a sign that perhaps interest in startups is waning among investors, the value of WeWork’s first bonds has dropped dramatically. At the end of April, WeWork raised $702 million by selling new ...

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  • 04 May
  • The Real Deal
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Appraisal-free loans save millions for buyers

For homeowners and buyers, it’s been an unexpected windfall: relief from having to pay for a traditional mortgage appraisal that usually costs between $400 and $600. The savings nationwide to consumers in just the past year alone may ...

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  • 04 May
  • The Real Deal
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Greystar seeks buyer for massive $1.2B apartment portfolio

Greystar exec Bob Faith with photos from the Arts District project and Desmond apartments Greystar Real Estate Partners is selling two apartment properties in Greater Los Angeles as part of a 13-property portfolio valued at $1.2 ...

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  • 04 May
  • The Real Deal
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Francesco Aquilini gets his mansion on Loma Linda Drive in Beverly Hills

1184 Loma Linda Drive Score one for Canadian billionaire Francesco Aquilini. After years of negotiation and political intrigue, the Beverly Hills City Council gave the go-ahead to issue permits for one of two controversial mansion ...

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  • 04 May
  • The Real Deal
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Brookfield sees big gains in Q1 income

Brookfield Place and CEO Brian Kingston Brookfield Property Partners saw net income soar in the first quarter, thanks in part to gains in its core office business and investment growth that offset weaker performance in its core retail ...

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  • 04 May
  • The Real Deal
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CBS campus advances on landmark status

CBS campus (Credit: Wikimedia Commons) The Los Angeles Cultural Heritage Commission signed off on a plan to award historic-cultural-monument status to the CBS Television City campus, making it harder for any future owner to redevelop ...

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  • 04 May
  • The Real Deal
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Here are LA’s five biggest construction projects approved in April

Rendering of W3 at Water’s Edge, with Rockwood Capital’s CEO and Chairman Edmond A. Kavounas (SPF:a) Developers secured permits to build projects in Hollywood, Vernon and East Los Angeles last month, with one company resuscitating an ...

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  • 04 May
  • The Real Deal
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Housing shortage pushing more lower-income residents out of California

Irving, Texas, a suburb of Dallas (Credit: La Citta Vita via Flickr) California is becoming, more and more, a land for the rich. Facing the worst housing shortage in the country, California is also coping with a relentless exodus of ...

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  • 03 May
  • The Real Deal
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National Cheat Sheet: LLC use in the spotlight thanks to Sean Hannity … & more

Clockwise from top left: Sean Hannity purchases raise concerns about LLCs, SL Green founder and chairman steps down (Credit: Steve Friedman), Hillary Clinton asks RE firms to support Gateway (Credit: Gage Skidmore) and Fed holds ...

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  • 03 May
  • The Real Deal
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In joint venture deal, Westside Pavilion valued at $190M

The inside of the Westside Pavilion (Credit: Wikimedia Commons) Macerich and Hudson Pacific Properties are still full steam ahead on the Westside Pavilion. The developers valued the struggling Westside Pavilion, acquired earlier this ...

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  • 03 May
  • The Real Deal
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