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Month: May 2019

Again, the We Company’s revenue and losses mount

The We Company CEO Adam Neumann (Credit: Getty Images and iStock) In providing a window into the We Company’s financial position ahead of a planned initial public offering, the $47 billion company reported $728 million in revenue, more ...

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  • 15 May
  • The Real Deal
  • Uncategorized
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LA’s minority-run architecture firms suffer under 20-year-old state law

Architect Roland Wiley of RAW International and Ward Connerly of the American Civil Rights Institute A two-decade-old statewide law intended to combat “reverse discrimination” in public institutions has contributed to a significant ...

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  • 15 May
  • The Real Deal
  • Uncategorized
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Ventus Group buys assemblage at “Fig” DTLA megaproject

Ventus Group Executives Scott Gale and John Booty with the site (Credit: Google Maps) With support from the Los Angeles Planning Commission, Ventus Group is moving ahead with its plan to bring 300 hotel rooms and about 400 units of ...

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  • 15 May
  • The Real Deal
  • Uncategorized
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CompStak raises $12M in round backed by IA Capital

CompStak CEO Michael Mandel UPDATED, 12:50 p.m., May 15: CompStak, the real estate analytics firm that crowdsources leasing and investment-sales comps from brokers, has raised the another $12 million, the company told The Real Deal ...

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  • 15 May
  • The Real Deal
  • Uncategorized
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Miami investor starts crypto platform for real estate investment

Remy Jacobson (Credit: LinkedIn) UPDATED, May 14, 9:15 a.m: Miami real estate investor Remy Jacobson is a cryptocurrency enthusiast. But when the Initial Coin Offering – the crypto equivalent of an IPO – craze came and ended at the ...

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  • 14 May
  • The Real Deal
  • Uncategorized
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Media moves: The Hollywood Reporter, Billboard relocate to Beverly Hills

Valence Media co-CEOs Modi Wiczyk and Asif Satchu with a rendering of  100 North Crescent Billboard-Hollywood Reporter Media Group and Dick Clark Productions have inked a lease to occupy 118,000 square feet in a Beverly Hills office ...

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  • 14 May
  • The Real Deal
  • Uncategorized
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Despite LA’s plan to protect renters, some landlords find new ways to evict

Landlords are encouraging evictions by undergoing renovation (Credit: iStock) With rent prices rising and inventory at a premium, rent-stabilized apartments in Los Angeles are dwindling. Some landlords have gone to great lengths to ...

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  • 14 May
  • The Real Deal
  • Uncategorized
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NAR inks partnership with Crexi

NAR CEO Bob Goldberg (left) and Crexi CEO Michael DeGiorgio A year-and-a-half after the National Association of Realtors’ commercial tech partner, Xceligent, shut down, NAR is partnering with another real estate platform. And it’s not ...

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  • 14 May
  • The Real Deal
  • Uncategorized
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Big-box store closures in Q1 clear out retail space in LA: report

An empty big-box store (Credit: iStock) The big boxes of Los Angeles are emptying out. The city has an increasing amount of vacant retail space, in large part because of some major big-box store closures, according to a new report from ...

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  • 14 May
  • The Real Deal
  • Uncategorized
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Human rights watchdog has Manhattan lease denied… by the Chinese government?

88 Pine Street (Credit: Google Maps) Human rights watchdog group Amnesty International U.S.A. was ready to join the lower Manhattan office leasing wave — until the Chinese government said no. Amnesty International was about to sign a ...

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  • 14 May
  • The Real Deal
  • Uncategorized
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