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Month: January 2019

Money-losing golf courses can club the values of nearby homes

(Credit: iStock) Many people who bought homes next to golf courses thought their property value would rise. But they are now discovering that golf-home prices can drop, too, as the popularity of the sport recedes. Decades after ...

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  • 13 Jan
  • The Real Deal
  • Uncategorized
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Mortgage industry chief gets some federal employees back to work with pay

From left: Mortgage Bankers Association chief Robert Broeksmit, Treasury Secretary Steven Mnuchin (Credit: Mortgage Bankers Association, Getty Images) Despite the ongoing government shutdown, hundreds of clerks at the Internal Revenue ...

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  • 13 Jan
  • The Real Deal
  • Uncategorized
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Kroger teams up with Microsoft on “smart” grocery stores

Kroger CEO Rodney McMullen (Credit: University of Kentucky, iStock) As it seeks to fend off Amazon’s expansion into the retail food business, national grocery chain Kroger teamed with Microsoft to roll out new tech-enabled stores with ...

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  • 13 Jan
  • The Real Deal
  • Uncategorized
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Hong Kong developer proposes the city’s densest resi complex ever

(Credit: iStock) Hong Kong, already one of the world’s most densely packed cities, is poised to get its most dense residential project yet. CK Asset Holdings Ltd. is planning to convert its Harbour Plaza Resort City hotel into an ...

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  • 13 Jan
  • The Real Deal
  • Uncategorized
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Report: Availability of warehouse space last year was the lowest since 2000

(Credit: iStock) The availability of warehouse space in the U.S. last year hit the lowest level since 2000 and will remain tight this year as e-commerce continues to boost demand for storage and distribution facilities, especially near ...

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  • 13 Jan
  • The Real Deal
  • Uncategorized
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In the market for a luxury home? 2019 could be your year

(Credit: iStock) The holiday sale season may be behind us, but those shopping for a high-end home in 2019 may have a flurry of discounts still to come. Sellers of luxury housing in a variety of major cities will have to offer price ...

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  • 12 Jan
  • The Real Deal
  • Uncategorized
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Abu Dhabi government fund, Tishman Speyer put Chrysler Building on the market

Chrysler Building at 405 Lexington Avenue (Credit: iStock) In the face of higher costs and increased competition, Manhattan’s landmark Chrysler Building is for sale. The owners, an Abu Dhabi government fund and developer Tishman ...

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  • 12 Jan
  • The Real Deal
  • Uncategorized
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Wells Fargo alleges Related Companies’ SoFla project gave misleading information to appraiser tied to $150M loan

Wells Fargo CEO Tim Sloan and a rendering of CityPlace (Credit: Getty Images) The long-running dispute between Related Companies’ CityPlace in West Palm Beach and its lenders over a $150 million loan just took another turn this month. ...

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  • 12 Jan
  • The Real Deal
  • Uncategorized
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Lin-Manuel Miranda writes new ending for bookstore that could no longer afford its rent

Lin-Manuel Miranda, Drama Book Shop (Credit: Getty Images, Twitter) Lin-Manuel Miranda is not throwing away his shop. Miranda and three of his collaborators from “Hamilton” have purchased the Drama Book Shop in Times Square in an ...

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  • 12 Jan
  • The Real Deal
  • Uncategorized
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One of South Florida’s largest resorts just hit the market, asking as much as $1B

Diplomat Beach Resort in Hollywood (Credit: Agoda) Brookfield Asset Management is looking to sell the Diplomat Beach Resort in Hollywood, the largest resort in Broward County and the second-largest in South Florida after the ...

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  • 12 Jan
  • The Real Deal
  • Uncategorized
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