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Month: March 2019

FHA tightens belt on risky loans to first-time homebuyers

The FHA is tightening its standards (Credit: iStock) The Federal Housing Administration is worried it is making too many risky loans to first-time homeowners. As a result, the agency is now planning to tighten underwriting standards ...

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  • 25 Mar
  • The Real Deal
  • Uncategorized
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CGI Strategies shifts mixed-use tower plan from rentals to condo-hotel

Gidi Cohen and a rendering of 39 South La Brea Avenue CGI Strategies has a new plan for its proposed mixed-use tower in Hancock Park on the Fairfax District border. The Woodland Hills-based developer is now looking to build 121 ...

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  • 25 Mar
  • The Real Deal
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When snow is a no-show: Climate change threatens ski resorts, nearby home values

(Credit: Pixabay) Ample snow in the western United States has produced one of the best seasons in years for skiers. But climate change is making seasons like this one increasingly uncommon – a threat to the value of ski resorts and ...

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  • 24 Mar
  • The Real Deal
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Living (too) large: Aging baby boomers struggle to sell sprawling Sunbelt homes

(Credit: Pixabay) Older owners of large homes throughout the Sunbelt are struggling to sell them. Many baby boomers spent heavily to retire in jumbo-size houses in such Sunbelt states as Arizona, Florida and South Carolina. But as ...

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  • 24 Mar
  • The Real Deal
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Residents at “keyless” building are suing… to get their keys back

(Credit: iStock, Pixabay) Residents at a Hell’s Kitchen apartment complex are suing their landlord over an app that controls their movement in and out of their building. The owners of the building at 517-525 West 45th Street installed ...

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  • 24 Mar
  • The Real Deal
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As Brexit looms, British consulate pays $16M for Manhattan penthouse

Deputy British ambassador Michael Tatham and 50 United Nations Plaza (Credit: Twitter) Investors in the U.K. might be holding back until Brexit is settled, but the British embassy in New York is doubling down. The British ...

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  • 23 Mar
  • The Real Deal
  • Uncategorized
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Con artist who tried to scam Fyre Festival founder owes lawyers $250K for botched real estate deals

281 Park Avenue South and Anna Sorokin (Credit: Google Maps and Getty Images) A socialite grifter who posed as a German heiress was able to scam banks, other con artists and white-shoe law firms out of hundreds of thousands of dollars. ...

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  • 23 Mar
  • The Real Deal
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A staircase to nowhere or a Shawarma? Thomas Heatherwick responds to criticism of the Vessel

Architecture critics haven’t taken much of a shine to the artistic showpiece of Hudson Yards, the 15-story climbable sculpture called “The Vessel.” The New York Times’ Michael Kimmelman described it as “a 150-foot-high, $200 million, ...

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  • 23 Mar
  • The Real Deal
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This week in celeb real estate: Justin Bieber is a buyer, land parcel with ties to Betty Ford hits market…and more

From left: Betty Ford with the Hollywood Hills, and Justin Bieber, Hailey Baldwin and 1710 Tropical Avenue Justin Bieber wants something more long-term. The pop star — a prolific and some might say notorious renter — paid $8.5 million ...

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  • 22 Mar
  • The Real Deal
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Atlas Capital pays $29M for electric vehicle developer’s HQ

Jia Yueting, CEO of Faraday Future, and the company’s headquarters. (Credit: Getty Images and Google Maps) Atlas Capital Group paid $29 million for the headquarters of an electric vehicle developer, in a deal that included an immediate ...

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  • 22 Mar
  • The Real Deal
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