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Month: July 2019

Goodman Group lands massive Boeing complex, with big conversion plans

Anthony Rozic, CEO of Goodman North America and Dennis A. Muilenburg, Boeing CEO Less than a month after Goodman Group bought a 37-acre manufacturing site from Ralph’s Grocer, the industrial developer acquired a massive Boeing property ...

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  • 09 Jul
  • The Real Deal
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Women make up majority of new REIT board members for second year: report

50.4 percent of the 119 new REIT directors were women (Credit: iStock) For the second year in a row, public real estate companies added more women than men to their boards. During the spring proxy season, real estate investment trusts ...

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  • 09 Jul
  • The Real Deal
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Picture perfect: CIM Group nails down craft retailer Michaels at Mid-Wilshire complex

CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh with a rendering of the project CIM Group is all set for arts and crafts. Despite the dominant reign of e-commerce, the retail chain Michaels signed a lease to occupy ...

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  • 09 Jul
  • The Real Deal
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Bridge Investment met its $500M Opportunity Zone fund goal. Now what?

Bridge Investment Group Chairman Robert Morse and the Willet’s Point neighborhood (Credit: Getty Images) Bridge Investment Group said it had raised $509 million through its Opportunity Zone fund, becoming one of the few big firms to ...

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  • 09 Jul
  • The Real Deal
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Blackstone-backed mortgage lender Stearns files for bankruptcy

Blackstone President and COO Jonathan Gray and Stearns Lending CEO David Schneider (Credit: Getty Images) Stearns Holdings, the parent company of residential mortgage lender Stearns Lending, filed for Chapter 11 protection Tuesday ...

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  • 09 Jul
  • The Real Deal
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Milan’s rising rent, office space shortage sparks investing spree

(Credit: iStock) Investor demand for prime office space in Milan has surged amid a shortage of Class A buildings in the financial capital of Italy. Sources told Bloomberg negotiations that could change the ownership of several trophy ...

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  • 07 Jul
  • The Real Deal
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As protests in Hong Kong rage on, a trade war truce with US gives boost to home sales

(Credit: iStock) While major street protests rage on in Hong Kong, the city’s residential sales market got a boost from other geopolitical movements. The city saw its third biggest weekend of sales last week, with local agents ...

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  • 07 Jul
  • The Real Deal
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Fine print no more: New Florida advertising rules kick in for agent teams

(Credit: Douglas Elliman) What’s in a name? The Florida Real Estate Commission wants you to know. New advertising regulations enacted this month require agents to adhere to a slew of new rules concerning team names — including one that ...

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  • 07 Jul
  • The Real Deal
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Turkey’s gearing up to tax the wealthy and their luxury homes

Luxury villas along the Bosphorus Strait in Turkey (Credit: iStock) High-earners and those looking to purchase luxury homes in Turkey have gotten a brief respite before new taxes are slated to go into effect. The country’s Treasury and ...

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  • 07 Jul
  • The Real Deal
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Benvenuto! Why the number of high-net-worth individuals applying for Italian residency may spike

Tuscany, Italy (Credit: iStock) The number of ultra-wealthy taking up residency in Italy may surge this year. The influx of high-net-worth individuals is due to a new tax program for residents, Bloomberg reports. Known as the “New ...

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  • 06 Jul
  • The Real Deal
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