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Month: April 2019

New Opportunity Zones rules are released. Will developer money follow?

Steven Mnuchin (Credit: Getty Images) The government released its long-awaited and latest set of Opportunity Zone regulations Wednesday, hoping to provide investors who have been on the fence with the clarity needed to begin developing ...

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  • 17 Apr
  • The Real Deal
  • Uncategorized
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France unveils international design competition for Notre Dame spire

Notre-Dame Cathedral seen at sunrise following the major fire (Credit: Getty Images) France plans to hold an international competition to come up with a replacement design for Notre Dame Cathedral’s spire, which was destroyed in a fire ...

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  • 17 Apr
  • The Real Deal
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LA County’s top 5 multifamily investment sales of March

The San Pedro complex and Mark Litman of Ridan with the property at Riverside Drive Multifamily developers spent a combined $114.3 million on the five biggest deals in Los Angeles County in March, reflecting a minor drop from the $121 ...

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  • 16 Apr
  • The Real Deal
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Could McDonald’s franchise model help IWG beat WeWork?

(Credit: iStock) IWG, the world’s largest flexible-office provider, is now turning to McDonald’s for inspiration on how to ward off competition from WeWork. The Swiss firm, which has about 555,000 workstations globally, is planning to ...

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  • 16 Apr
  • The Real Deal
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French billionaires Arnault and Pinault pledge 300M euros to rebuild Notre-Dame

Bernard Arnault and François-Henri Pinault and the Notre-Dame Cathedral (Credit: Getty Images) A pair of French billionaires are among those who are pledging hundreds of millions of euros to rebuild the fire-ravaged Notre-Dame ...

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  • 16 Apr
  • The Real Deal
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Jodie Foster finds buyer for $15M Beverly Hills mansion

Jodie Foster and her former home (Credit: Getty Images and David Kramer) Actress Jodie Foster didn’t have to wait long to snag a buyer for her updated 1950s-built Beverly Hills spread. The actor, director, and producer sold the home ...

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  • 16 Apr
  • The Real Deal
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How some execs are making money off assets they don’t even own

Vornado Realty Trust chairman Steven Roth (Credit: Getty Images) Vornado Realty Trust’s Steven Roth is not just one of New York’s top commercial landlords. He is also one of its top collectors of dividends from shares he does not own. ...

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  • 16 Apr
  • The Real Deal
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Movers & Shakers: Loren Judd joins Hilton & Hyland, Compass continues poaching from the Agency.. and more

Don Heller and Loren Judd Loren Judd has left his 15-year stint at Coldwell Banker to join Hilton & Hyland. Judd had been working as a manager at the firm’s Beverly Hills North office for the last five years. In his new role, ...

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  • 16 Apr
  • The Real Deal
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Compass Commercial has done just “a handful of deals” since its launch

Adelaide Polsinelli and Robin Abrams of Compass with the Compass Global Headquarters at 90 Fifth Avenue (Credit: Google Maps) Nine months after launch, Compass’ commercial division is yet to make its mark on the New York commercial ...

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  • 16 Apr
  • The Real Deal
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Here are the latest under 50-unit resi projects proposed in LA

From top down: Development sites on Fairfax, Barrington , and Commerce avenues In Los Angeles, multifamily developers are increasingly taking advantage of the city’s incentives for building next to transit stations and for including ...

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  • 15 Apr
  • The Real Deal
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