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Month: June 2018

Fed hikes interest rates again, raises outlook for more increases in 2018

Jerome Powell and the Federal Reserve building in Washington D.C. (Credit: Wikimedia Commons) The Federal Reserve announced it will raise interest rates a quarter percentage point on Wednesday, and signaled that it could raise interest ...

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  • 13 Jun
  • The Real Deal
  • Uncategorized
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Dubai’s skyline serves as a haven for the criminal elite

Dubai Skyline (Credit: David Rodrigo via Unsplash and iStock) Dubai’s real estate boom was in part funded by gun-runners, terrorism financiers, and warmongers, according to a new report using leaked city data to prove what has long ...

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  • 13 Jun
  • The Real Deal
  • Uncategorized
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Home-flipper Opendoor raises $325M

Opendoor CEO Eric Wu (Credit: LinkedIn and Pixabay) House flipping company Opendoor has raised a $325 million Series E and plans to expand to 50 markets by 2020, the company said Wednesday. The latest round — far more than the $200 ...

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  • 13 Jun
  • The Real Deal
  • Uncategorized
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Parker Center conversion project rises to $700 million: report

Parker Center at 105 N. Los Angeles Street (Credit: Getty Images) Just how much will it take to get rid of the building named after a controversial figure in Los Angeles’ policing past? About $225 million more than previously expected. ...

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  • 13 Jun
  • The Real Deal
  • Uncategorized
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Sam Zell apologizes for “p— on the block” comment about women

Sam Zell (Credit: Pixabay) Sam Zell has apologized for using a vulgarity to describe women in the workforce during a discussion about gender diversity and the #MeToo movement last week. The chairman of Equity Group Investments spoke at ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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Hanover Co. plans 394-unit resi complex at Warner Center

Executive at Hanover Co: Murry Bowden, founder & chairman Hanover Company wants to build a 394-unit residential complex at 6636 Variel Avenue in the Warner Center, The Real Deal has learned. The project is the third residential ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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Gala Asher wants $135M for Beverly Hills spec home

2571 Wallingford Drive in Beverly HIlls Developer Gala Asher’s latest spec home in Beverly Hills is hitting the market for $135 million. The so-called “Wallingford Estate” includes 12 bedrooms, 24 bathrooms, and includes a “guest ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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Virtual real estate can set you back $200K

Etheremon on Decentraland (Credit: Decentraland) A plot of land in Genesis City can go for as much as $200,000 — though interested buyers will need virtual-reality headsets to visit it. The blockchain-based real estate is made of ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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Shenzhen New World Group plans 77-story hotel conversion in DTLA

Shenzhen Exec Huang Wei and the hotel At a time when other major Chinese developers are retreating from Los Angeles because of a change in Chinese government policy, Shenzhen New World Group is bucking the trend and planning an ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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TOMORROW: The Real Deal’s first ever DTLA Spotlight

Get tickets now for The Real Deal’s DTLA Spotlight Showcase & Forum at One California Plaza on Wednesday, June 13 from 1:00 to 6:00 p.m. LA real estate’s top players will take a deep dive into DTLA development across both the ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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