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Month: December 2018

Japan has millions of vacant homes you can buy for next to nothing

Shinjuku (Credit from back: Morio, iStock) The U.S. housing market is dealing with low inventory — especially in major metro areas — but that’s not the case in Japan. The world’s third-largest economy has a growing stock of vacant ...

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  • 29 Dec
  • The Real Deal
  • Uncategorized
  •  1

Think big: Tiny home builder raises nearly $50M in IPO

(Credit: iStock) Big things sometimes come in small packages. Tiny home builder, Legacy Housing Corp., just raised $48 million in an initial public offering, reported Inman. The Texas-based company sold 4 million shares for $12 a pop. ...

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  • 29 Dec
  • The Real Deal
  • Uncategorized
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Concierge Auctions opens in “correcting” Vancouver market

(Credit: iStock) It’s fitting that a company born amid the 2008 housing market crash sees opportunity in Vancouver as its red-hot housing market falters. Florida-based Concierge Auctions is opening up an office in Vancouver, reported ...

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  • 29 Dec
  • The Real Deal
  • Uncategorized
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Developer nabs acquisition loans on 2 big SoCal resi complexes

Riverside and Redlands properties (Credit: Google Maps and iStock) Afton Properties secured $122 million in acquisition loans on a pair of big apartment complexes in Riverside and San Bernardino counties. The Los Angeles-based real ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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This week in celeb real estate: A Grateful Dead drummer buys in Point Dume, Mark Cuban pulls the trigger in Laguna Beach…and more

From left: Leonardo DiCaprio, Mark Cuban, Bill Kreutzmann, and Kristen Wiig (Credit: Getty Images and iStock) This week in celebrity real estate featured multimillion-dollar buys from across the entertainment spectrum including actors, ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Sears to close 80 more stores, full liquidation possible as deadline looms

Chairman of Sears Edward Lampert (Credit: Getty Images and iStock) Sears Holdings plans to close 80 more stores nationwide in March as it teeters on the brink of full liquidation. News of the latest closures comes on the last day for ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Movers & Shakers: Public Storage gets new CEO, longtime CBRE retail expert moves up

Salvatore Takoushian and Philip Voorhees Glendale real estate investment trust Public Storage has promoted Joe Russell and Tom Boyle to CEO and CFO, respectively. They’ll start at their new positions in the new year, according to the ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Fed tax overhaul drove more homebuyers to low-tax states like Florida in 2018

President Donald Trump and a penthouse for sale at the Oceana Key Biscayne in Miami (Credit: Getty Images) A lot happened in 2018, but sticking to residential real estate, more people moved to Florida as a direct consequence of the ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Wells Fargo to pay $575M settlement over scandal involving mortgage division

Wells Fargo CEO Tim Sloan (Credit: Getty Images, iStock, and Pixabay) Wells Fargo agreed to pay $575 million to all 50 states and the District of Columbia over misconduct that harmed customers, the latest in a string of payouts for the ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Red Apple’s John Catsimatidis, Slate’s David Schwartz join Future City 2019

Red Apple Group’s John Catsimatidis and Slate’s David Schwartz are the latest additions to The Real Deal‘s Future City 2019 in the Bahamas. The developers will be joining Michael Stern, Don Peebles, Ken Fisher, Louise Sunshine, Bruce ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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