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Month: July 2018

Anti-money laundering reform needs more Republican support: Sen. Grassley

Sen. Charles Grassley after the Senate Policy luncheons in the Capitol on July 10, 2018 (Credit: Getty Images) As the Treasury Department increases its efforts to crackdown on money laundering in real estate, legislation that would ...

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  • 19 Jul
  • The Real Deal
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Fortress falls out of contract for Fred Sands’ building in Brentwood: sources

Fortress executives Fred Sands and Randal Nardone with the property Fortress Investment Group has fallen out of its roughly $58 million contract to purchase a Brentwood high-rise developed by the late real estate impresario Fred Sands, ...

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  • 19 Jul
  • The Real Deal
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Specialty REITs record big gains and attract big dollars

Servers in a data center, one of the sectors where specialty REITs are thriving Speciality real estate investment trusts are posting strong gains and attracting an increasing amount of investment dollars. These nontraditional REITs ...

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  • 19 Jul
  • The Real Deal
  • Uncategorized
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Beckham’s bid for a Miami MLS stadium will go to voters

MLS stadium, Francis Suarez and David Beckham Miami voters will get to decide whether David Beckham’s latest pitch for a Major League Soccer stadium passes muster — if a legal challenge doesn’t derail it first. On Wednesday afternoon, ...

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  • 19 Jul
  • The Real Deal
  • Uncategorized
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Compass is spending “billions” of dollars on an end-to-end platform

Compass CEO Robert Reffkin (Credit: Compass and iStock) UPDATED, July 19, 3:50 p.m.: By 2028, Compass CEO Robert Reffkin wants agent commissions to account for only 20 to 30 percent of their earnings. The rest can come from title and ...

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  • 19 Jul
  • The Real Deal
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Cranes up: US big cities report more crane activity but Toronto tops them all, report shows

Toronto skyline and an American construction crane (Credit: The City of Toronto via Flickr) The U.S. likes its construction projects, but the latest count of crane activity around North America shows that Canadian cities are in the ...

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  • 19 Jul
  • The Real Deal
  • Uncategorized
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In major pivot, Compass to license its tech

(Composite by Kerry Barger for The Real Deal) Since landing $450 million in funding from Softbank last year, Compass has been aggressively scooping up brokerages and agents across the country. And now, the venture-backed company is ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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Airbnb listings tumble in Santa Monica

Santa Monica Pier, Airbnb CEO Brian Chesky, and Santa Monica Mayor Ted Winterer The number of Airbnb listings in Santa Monica fell by 17 percent over the last year, a possible indication that the city’s stricter home-sharing laws are ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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Hudson Pacific Properties advances with new office project in Hollywood

1001 N Seward St and Victor Coleman Hudson Pacific Properties, the film and TV studio-space giant, is making headway on its plan to deliver 575,000 square feet of new development on the Sunset Las Palmas Studio campus. The Los ...

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  • 18 Jul
  • The Real Deal
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Cannabis cubicles: Developer repositions DTLA building for pot-related companies

Rendering of the space (Credit: Public Domain Pictures) Bow West Capital is giving new meaning to “green spaces” in commercial real estate. The Santa Monica-based developer is repositioning a seven-story office building in Downtown Los ...

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  • 18 Jul
  • The Real Deal
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