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Month: August 2018

Zillow’s StreetEasy maps hit by “Jewtropolis” hack

StreetEasy was among the websites and apps struck by an anti-Semitic hack on Thursday that for a brief time labeled maps of New York City as “Jewtropolis.” The attack also affected Snapchat, Citi Bike and the New York Times — all of ...

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  • 30 Aug
  • The Real Deal
  • Uncategorized
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Could LA’s lack of land be holding its economy back?

Los Angeles skyline (IStock) A lack of developable land could be holding back the economy in Los Angeles. That’s according to one Bloomberg columnist, who says that Southern California’s issues with supply could be contributing to its ...

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  • 30 Aug
  • The Real Deal
  • Uncategorized
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City Council gives green light to $150M Icon at Panorama

A rendering of Icon Panorama and Bill Ruvelson A vandalized and crime-ridden site in Panorama City will finally see new life after nearly two decades of blight. In a unanimous vote on Wednesday, the City Council approved the massive ...

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  • 30 Aug
  • The Real Deal
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Long Beach reaches for the sky with new downtown towers

Mayor Robert Garcia and The Waterfront (Credit: VisitCalifornia, Wikipedia) Long Beach is reaching ever-higher in its era-defining development boom. In a public presentation on Tuesday, Mayor Robert Garcia outlined a taller, denser ...

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  • 30 Aug
  • The Real Deal
  • Uncategorized
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In monumental vote, commissioners advance Centennial mega-project

Gregory Medeiros, Gregory S. Bielli and the project The Regional Planning Commission voted 4-1 on Wednesday to advance the contentious Centennial project, drawing the potential for a new city to rise 60 miles north of Los Angeles a big ...

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  • 29 Aug
  • The Real Deal
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Here’s why home-builders’ shares are tumbling this year

Toll Brothers’ Doug Yearley and a home under contruction (Credit: Getty Images and iStock) Home builders are lagging behind the broader market. As the stock market returned to all-time highs and consumer confidence is strong, shares of ...

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  • 29 Aug
  • The Real Deal
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Fortress is doubling down on CRE debt

Fortress Investment Group’s Wes Edens (Credit: Getty Images) Fortress Investment Group is in the midst of raising two real estate funds. The SoftBank Capital-owned investment firm is set to close a $1.5 real estate credit fund by the ...

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  • 29 Aug
  • The Real Deal
  • Uncategorized
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Pending home sales have dropped for seven straight months

A house for sale and National Association of Realtors Chief Economist Lawrence Yun (Credit: Pixabay) Pending sales for existing homes nationwide dropped by 0.7 percent in between July and June, and have now fallen for seven straight ...

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  • 29 Aug
  • The Real Deal
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Langer’s Deli hits the market amid uncertain future

Langer’s storefront and one of the restaurant’s famous No. 19 pastrami sandwiches (Credit: T.Tseng and Sam Felder via Flickr) The longtime home of a Los Angeles institution is up for sale. The corner property of Langer’s Deli, L.A.’s ...

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  • 29 Aug
  • The Real Deal
  • Uncategorized
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These 10 US cities account for 33% of the nation’s residential real estate

(Credit: iStock and Wikipedia) The value of all residential real estate in New York City is equivalent to the gross domestic product of France. That surprising — though not astonishing — statistic was among the findings in ...

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  • 29 Aug
  • The Real Deal
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