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Month: June 2019

With Chinese investment drying up, EB-5 debt isn’t nearly as cheap

EB-5 debt isn’t as cheap as it used to be EB-5’s go-go days are a thing of the past, and now developers are searching for —but rarely finding — cheap debt through the federal visa program. Chinese investors who had accepted near-zero ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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Golden Opportunity: KOAR unloads incentive-rich Hollywood development site

1600 North Hudson and Bruce Rothman (Credit: Google Maps and LinkedIn) Two of the hottest incentives for real estate developers these days are Opportunity Zones and Transit Oriented Communities. A Hollywood parking lot that qualifies ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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WATCH: Ron Moelis & David Schwartz talk NYCHA and affordable housing profits

L+M Development Partners’ Ron Moelis and Slate Property Group’s David Schwartz discussed the ins and outs of the complicated affordable housing market at The Real Deal’s 12th annual New York Showcase in May. They expounded on how the ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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Sapir Corp. posts $7M loss in first quarter of 2019

Alex Sapir (Credit: Getty Images) Developer Alex Sapir’s Israeli real estate company Sapir Corp. reported a loss of 26 million shekels in the first quarter, the equivalent of roughly $7.2 million. The company’s revenue in the first ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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Here’s what you should know about Measure EE ahead of Tuesday’s vote

LA Unified School District Superintendent Austin Beutner and LAUSD headquarters in DTLA On Tuesday, Los Angeles voters will decide on Measure EE,  which would establish a new tax on all properties within the city’s sprawling Unified ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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Hermes-themed helipad included: Hotelier Patrick Nesbitt lists Montecito mansion

Patrick M. Nesbitt and 120 Montecito Ranch Lane The CEO of Embassy Suites’ parent company is selling his 43,000-square-foot oceanfront home in Montecito, where celebrities like Oprah Winfrey and Ellen DeGeneres also own homes, The Real ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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Real Capital Analytics raises $115M to buy out Daily Mail Group Trust’s stake

Robert M. White, Jr., founder and president of Real Capital Analytics Real Capital Analytics, the data firm that tracks global commercial real estate sales and trends, secured $115 million in growth equity to fund expansion into ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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Mega homebuilder Lennar moving ahead with Anaheim townhome, condo project

Lennar Corporation CEO Rick Beckwitt and a rendering of the project The country’s biggest homebuilder can move ahead with its plan to build two new townhouse and condo developments totaling 238 units in the Platinum Triangle. Lennar ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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The Plaza’s many lives: How moguls, labor fights and a changing city shaped an icon

Like many projects today, the construction of the Plaza Hotel was complicated by a fight over the use of nonunion labor. What sets that conflict apart, however, is it resulted in a murder. Before the iconic hotel topped out, ...

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  • 01 Jun
  • The Real Deal
  • Uncategorized
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Hamptons resi brokers remain resolute, despite a slumping luxury market

For Bespoke Real Estate’s Vichinsky brothers, sitting atop a ranking of the top residential brokers in the Hamptons is not unfamiliar territory. The duo landed in the No. 1 spot in The Real Deal’s 2019 ranking of ultra-luxury brokers — ...

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  • 01 Jun
  • The Real Deal
  • Uncategorized
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