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Month: September 2018

National Cheat Sheet: Fed raises rates again, Tishman Speyer launches co-working brand & more

Clockwise from top left: Fed raises interest rates by 0.25 percent, Tishman Speyer is launching a co-working brand that will expand to several cities, Five MLSs from five states will pool their resources via a new data application, and ...

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  • 28 Sep
  • The Real Deal
  • Uncategorized
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San Bernardino County retail absorption outpacing Greater L.A.

San Bernardino County had $138.17 billion in total retail sales last year, and is currently at record low unemployment (Credit: Wikimedia Commons) With land still readily available, retail continues to thrive in San Bernardino County, ...

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  • 28 Sep
  • The Real Deal
  • Uncategorized
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Nike sues Samitaur Constructs for $1M over unfinished Culver City office

Nike CEO Mark Parker and a rendering of 5860 Jefferson Boulevard Nike to Culver City landlord: Just do it. The Oregon sportswear brand sued Samitaur Constructs earlier this month seeking $1 million in damages for failing to complete ...

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  • 28 Sep
  • The Real Deal
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Americans’ credit scores hit record high

704! That’s the new, record-high average FICO credit score among millions of Americans, and it’s positive news for home buyers, sellers, lenders and the economy overall. What it signifies, according to Ethan Dornhelm, FICO’s vice ...

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  • 28 Sep
  • The Real Deal
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San Fernando Valley bracing for market cool down: report

The San Fernando Valley real estate market may have “hit a wall” as buyers struggle to find affordable homes. (courtesy VRBO) With buyers continuing to struggle to find affordable homes, the single-family market in the San Fernando ...

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  • 28 Sep
  • The Real Deal
  • Uncategorized
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Mary J. Blige sued for skipping out on rent on Beverly Hills pad

Mary J Blige and the house she rented (Credit: Getty Images) Mary J. Blige’s former landlord in Beverly Hills is suing her for $58,000, alleging the R&B singer and her ex-husband skipped out on rent and took pricey audio equipment ...

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  • 27 Sep
  • The Real Deal
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Homeowners see highest mortgage rates in 7 years

(Credit: iStock) U.S. mortgage rates are at their highest in more than seven years. The average rate for a 30-year fixed mortgage climbed to 4.72 percent this week from 4.65 percent last week, Bloomberg reported, citing figures from ...

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  • 27 Sep
  • The Real Deal
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Brentwood’s VA Campus picked to be 2nd temporary homeless shelter

El Pueblo site (Credit: the Mayor’s office) The city’s temporary homeless shelter program is rolling out another location, this time on the Westside. The newest location for the mayor’s ambitious A Bridge Home initiative will target ...

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  • 27 Sep
  • The Real Deal
  • Uncategorized
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These are the world’s biggest housing market bubbles

The flag of Hong Kong, the Sydney Opera House in Australia, the Statue of Liberty in New York, and a house in a bubble (Credit: iStock and Wikipedia) Here we go again. Ten years after the financial crisis, many major housing markets ...

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  • 27 Sep
  • The Real Deal
  • Uncategorized
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Ellen DeGeneres picks up elegant Beverly Hills manse for $15M

Ellen DeGeneres and Portia de Rossi with the home (Credit: Hilton & Hyland, Getty Images) Talk show host Ellen DeGeneres and actress Portia de Rossi are the buyers of a Beverly Hills mansion with a notable pedigree. DeGeneres and ...

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  • 27 Sep
  • The Real Deal
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