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Month: October 2019

Ribbon raises $330M to aid all-cash buyers

Ribbon CEO Shaival Shah (Credit: iStock, Pixabay) A startup that empowers buyers to make all-cash offers on homes just got a lot more firepower. Ribbon, based in New York and Charlotte, North Carolina, announced $330 million in new ...

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  • 29 Oct
  • The Real Deal
  • Uncategorized
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It doesn’t turn a profit, but Soho House is now valued at $2B

Soho House New York at  29-35 9th Avenue and Soho House CEO Nick Jones (Credit: Getty Images, Google Maps) Soho House, the luxury hotel and private members’ club, has raised $100 million to fund a global expansion over the next few ...

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  • 28 Oct
  • The Real Deal
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“You’d think it was the apocalypse:” Fires ravaging L.A. have luxe homeowners on edge

Robert Balzebre and his home in the Hollywood Hills Working from New Orleans on Friday, Robert Balzebre had been anxiously scanning his phone for alerts on wildfires erupting in the bedroom communities situated northwest of Los Angeles ...

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  • 28 Oct
  • The Real Deal
  • Uncategorized
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Hackman Capital picks up industrial property near its $620M Culver Studios project

Michael Hackman and the Hayden Tract property (Credit: The Mason Canter Group) Hackman Capital Partners has placed another real estate bet on Culver City, where it’s building out the historic Culver Studios property as a $620 million ...

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  • 28 Oct
  • The Real Deal
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Nonbank lenders could give serious boost to cooling housing market

Lenders issued the most mortgages in 14 years last quarter (Credit: iStock) The sluggish housing market could receive a nice jolt as mortgage rates continue to fall and lenders are originating loans at record levels. Lenders issued the ...

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  • 28 Oct
  • The Real Deal
  • Uncategorized
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Prologis to buy rival logistics firm for $13B

Prologis CEO Hamid Moghadam and Liberty Property Trust CEO Bill Hankowsky (Credit: Prologis, B.PHL, iStock) Warehouse giant Prologis is purchasing its rival Liberty Property Trust for $12.6 billion, creating a massive new player in the ...

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  • 28 Oct
  • The Real Deal
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“Billionaire” mansion sale is the latest fail in “ego pricing:” brokers

Bruce Makowsky sold his mansion for $156 million less than its original asking price Josh Flagg warned him. When Bruce Makowsky listed his Bel Air spec mansion for $250 million in 2017, Flagg, a broker at Rodeo Realty not involved in ...

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  • 25 Oct
  • The Real Deal
  • Uncategorized
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Century Plaza project developer says it has $200M in luxury condo pre-sales

Century Plaza project rendering (Credit: DBOX) Woodridge Capital Partners, which had stalled for years in the marketing of twin condominium buildings and luxury hotel residences at its Century Plaza redevelopment project, says it has ...

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  • 25 Oct
  • The Real Deal
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Former Bel Air home of LA real estate legend Jon Douglas hits market for $63M

300 Stone Canyon Road The “monumental house” built for brokerage founder Jon Douglas is up for grabs. Originally built for Douglas in 2001, the eight-bedroom mansion at 300 Stone Canyon Road in Bel Air was renovated over the past nine ...

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  • 25 Oct
  • The Real Deal
  • Uncategorized
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Trump Organization might sell its controversial Washington D.C. hotel

Trump International Hotel in Washington D.C. and President Donald Trump (Credit: Getty Images, iStock) The Trump Organization may sell its Trump International Hotel in Washington D.C., following years of criticism that the family is ...

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  • 25 Oct
  • The Real Deal
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