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Month: March 2019

Guesty, the short-term rental management platform, raises $35M

Guesty CEO & Co-Founder Amiad Soto The property management platform Guesty has raised $35 million in its latest funding round. The Series C round brings the total funding for the firm to $60 million. The company’s software is ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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San Fernando Valley home sales plummeted in February

San Fernando Valley sees fewest home sales since 1985 February was an ice-cold month for the residential market in the San Fernando Valley. There were just 266 homes sold in the 260-square-mile region last month, according to Southland ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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Class action suit could change real estate commissions

From left: NAR president John Smaby, Realogy CEO Ryan Schneider, Keller Williams CEO Gary Keller, HomeServices of America CEO Gino Blefari, and Re/Max CEO Adam Contos (Credit: Getty Images, Wikpedia, iStock, and Hitchcock + Associates) ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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Cindy Ambuehl, a partner at the Agency, jumps to Compass

Cindy Ambuehl and Robert Reffkin (Credit: Twitter and National Real Estate Investor) Cindy Ambuehl, a top agent and partner at the Agency, has joined Compass, The Real Deal has learned. The luxury residential broker is also bringing ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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Duarte rethinks redevelopment plan amid housing crunch, hospital expansion

Duarte Mayor Tzeitel Paras-Caracci and the city’s new proposal for the site The City of Duarte wants to shift its redevelopment plan for a 19-acre industrial site, nearly tripling the number of residential units amid Los Angeles’ ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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Charlie Kushner fires back about family, business in op-ed

Charles Kushner and 666 Fifth Avenue (Credit: Sasha Maslov) One day after a press conference was held outside 666 Fifth Avenue accusing his family’s real estate company of illegally operating eight buildings, Charlie Kushner penned an ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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Startup that offers alternative to home equity lending raises $122M

Point CBO Eoin Matthews (Credit: Point and iStock) A startup that buys equity in homes and then offers to sell it back to residents has raised $122 million. Point, a Palo Alto-based firm, said Wednesday it raised $22 million in a ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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WeHo nonprofit developer scores construction loan on resi complex

Jesse Slansky, President and CEO of West Hollywood Community Housing Corp., and the seven-story Elden Elms project set for the Pico-Union area of Los Angeles (Credit: Urban Architecture Lab) The West Hollywood Community Housing ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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These are LA’s top real estate events next week

Next week brings a couple of new real estate events to Los Angeles. On Tuesday, March 26, Bisnow is hosting an event on the Future of Downtown Los Angeles at the Wedbush Center, 1000 Wilshire Boulevard from 8 a.m. to 11 a.m. Come to ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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Mortgage giant Freddie Mac names new CEO amid privatization talks

David Brickman (Credit: Freddie Mac) Freddie Mac has promoted its president, David Brickman, to CEO, marking the company’s fourth leader since the financial crisis. Brickman will take over in July, replacing Donald Layton, who has been ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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