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Month: July 2018

Investors show strong demand for data center properties

A data center (Credit: iStock) Investor interest in the data center sector remains strong, and expected future demand for their services means the sector might be strong enough to weather a downturn at the end of the cycle. The sector ...

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  • 23 Jul
  • The Real Deal
  • Uncategorized
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This week in celeb real estate: Tinder co-founder spends $27M, Tom Petty’s former home hits market… and more

Tom Petty and Jerry Perenchio with the homes Sean Rad is swiping right in the Hollywood Hills. The co-founder of the popular dating app Tinder paid $26.5 million to acquire a 10,400-square-foot home, the Wall Street Journal reported. ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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Return of the Yolanda: Real estate blogger posts again after unmasking

James McClain (Credit: Yolanda’s Little Black Book, Public Domain Pictures, PxHere, Pixabay) UPDATED July 20, 5:07 pm The controversial real estate blog “Yolanda’s Little Black Book” resurfaced on the L.A. real estate scene Friday, ...

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  • 20 Jul
  • The Real Deal
  • Uncategorized
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WeWork gets into the brokerage business

From left: David Fano, a WeWork space, and Jason Bauer (Credit: WeWork and Voda Bauer) A year after launching a real estate investment fund, WeWork is getting into the brokerage business. On Friday, the coworking company announced that ...

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  • 20 Jul
  • The Real Deal
  • Uncategorized
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Mark your calendars: These are LA’s top real estate events next week

There will be two new real estate events in Los Angeles next week. On July 24, Keller Williams is hosting its Real Estate Career Night from 5:15 p.m. to 6:15 p.m. at their South East Los Angeles office, 8255 Firestone Blvd. The event ...

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  • 20 Jul
  • The Real Deal
  • Uncategorized
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Cushman plans to raise $750M with IPO

225 West Wacker Drive in Chicago and Brett White (Credit: 225 West Wacker) Cushman & Wakefield plans to raise $750 million through its initial public offering at a valuation of $6 billion, including debt. The global brokerage ...

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  • 20 Jul
  • The Real Deal
  • Uncategorized
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Could baby boomers spur a housing bust?

Will baby boomers turn into party poopers when they unload their homes in large numbers starting in the next decade? Could they create an indigestible oversupply in the market that lowers home prices and frustrates sales? That’s a ...

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  • 20 Jul
  • The Real Deal
  • Uncategorized
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Fundrise launches $500M Opportunity Zones fund

Fundrise co-founder Ben Miller. Opportunity Zones pock South Los Angeles A crowdfunding startup is launching a $500 million investment fund to focus on developments in distressed areas that the federal government has made eligible for ...

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  • 20 Jul
  • The Real Deal
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Movers & Shakers: Paragon Commercial Group adds investment manager, Stream Realty poaches from Colliers International…& more

From left: Todd Huber, John Pallante, Martin Pupil, Mark Ejnes Paragon Commercial Group, a retail development firm based in El Segundo, hired Todd Huber as senior investment manager for California. In this newly created role, Huber ...

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  • 20 Jul
  • The Real Deal
  • Uncategorized
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Redondo Beach deals major blow to waterfront development

Redondo Beach waterfront Park View and Mayor Bill Brand (Credit: Daily Breeze) After a five-year struggle, city officials in Redondo Beach have withdrawn their application to redevelop the city’s waterfront, effectively killing the ...

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  • 19 Jul
  • The Real Deal
  • Uncategorized
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