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Month: January 2019

Fewer sales, more supply and Millennial ‘X’ factor: Housing experts forecast 2019 market

(Credit: iStock and Getty Images) National experts predict Chicago will have the worst housing market in the country in 2019. But some local experts and industry observers say the situation is much more complicated than that. Chicago ...

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  • 19 Jan
  • The Real Deal
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A Sicilian town is selling homes for a single Euro

(Credit: iStock) Got a buck? Or, rather, a Euro? That could get you a home in scenic Sambuca de Sicilia, Italy. The town on the island of Sicily is selling off 17 properties there for as little as €1 to help attract people to a ...

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  • 19 Jan
  • The Real Deal
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Miami couple sue after seller refuses to close $2M sale

Douglas Gallagher and 13061 Lerida Street (Credit: Redfin) When it comes to buying one particular five-bedroom, five-bathroom waterfront house in Gables by the Sea, one Miami couple isn’t taking no for an answer. On Jan. 8, Juan Carlos ...

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  • 19 Jan
  • The Real Deal
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This week in celeb real estate: Ex-motorcycle racer seeks $30M, Muhammad Ali’s former home lists for sale.. and more

John Kocinski and Muhammad Ali (Credit: Getty Images and Wikimedia) This week saw a flurry of new listings hit the market, ranging from $17 million to $55 million. Sellers also dropped the prices of some older listings, the latest sign ...

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  • 18 Jan
  • The Real Deal
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Editor’s note: Our tech addiction

Heidi Patalano Is the Los Angeles market as dependent on Facebook, Amazon, Apple, Netflix and Google [FAANG] as I am? Doubtful, but it’s a question I considered while editing this edition’s cover story, in which TRD L.A.’s managing ...

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  • 18 Jan
  • The Real Deal
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Hedi Slimane lists Beverly Hills home for $18M

Hedi Slimane (Credit: Wikipedia and Google Maps) An icon of the fashion world is looking to unload his Beverly Hills home. Hedi Slimane, the French creative director for luxury brand Celine, has listed his 4,600-square-foot home in the ...

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  • 18 Jan
  • The Real Deal
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Bank OZK signals appetite for big condo construction loans in 2019

George Gleason, Chairman of Bank OZK and New York City (Credit: Bank OZK) Bank OZK, among the most aggressive real estate lenders in the country, has signaled it could continue to make big construction loans in 2019. The news, which ...

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  • 18 Jan
  • The Real Deal
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Owners of The Mountain reject Scott Gillen’s $400M offer

Scott Gillen and The Mountain of Beverly Hills (Credit:Jeff Newton and A Bird’s Eye)  The never-ending saga of the 157 acres of undeveloped land in Beverly Hills Post Office that can’t seem to find an owner willing to build on it will ...

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  • 18 Jan
  • The Real Deal
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WeWork is too big to avoid public responsibilities: Sam Zell

Sam Zell and Adam Neumann (Credit: Getty Images) Adam Neumann, CEO of the recently rebranded We Company, is facing more blowback for leasing he has ownership interest in to WeWork. Billionaire real estate investor Sam Zell said ...

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  • 18 Jan
  • The Real Deal
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Chicago developer picks up flex warehouse near Arts District for $68M

Bridge Development Partners CEO Steve Poulos and the BoxYard Bridge Development Partners has paid Atlas Capital Group $68 million for a large warehouse property near Downtown Los Angeles. The development, called the BoxYard, has five ...

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  • 18 Jan
  • The Real Deal
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