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Month: December 2019

London sees flurry of commercial deals after Boris Johnson win

Boris Johnson (Credit: Getty Images) Boris Johnson’s big election win on Dec. 12 has given a boost to London’s commercial real estate market in the closing weeks of 2019. Office investors closed or entered into more than £1 billion ...

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  • 31 Dec
  • The Real Deal
  • Uncategorized
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Compass cites “progress” on 2020 by 2020 goal — but not there yet

Compass CEO Robert Reffkin (Credit: iStock) In the fall of 2017, Compass announced an ambitious plan to grab 20 percent market share in the country’s top 20 cities by 2020. As the deadline approaches, CEO Robert Reffkin told agents the ...

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  • 31 Dec
  • The Real Deal
  • Uncategorized
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Compass rings in New Year by poaching another Coldwell agent

Beverly Hills agent Steve Frankel is the latest agent to join Compass from Coldwell Banker (Credit: iStock) Another luxury agent has left Coldwell Banker for Compass. Steve Frankel, a 20-year Coldwell veteran, will join Compass’ ...

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  • 31 Dec
  • The Real Deal
  • Uncategorized
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The best of: TRD reporters share their picks for top stories of 2019

From troubles at SoftBank-backed startups and botched building sales, to big interviews with key players — including a Trump cabinet member — The Real Deal’s reporters continued to deliver hard-hitting coverage of the industry in 2019. ...

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  • 31 Dec
  • The Real Deal
  • Uncategorized
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LA’s biggest real estate stories of 2019

Art Caption: Clockwise from top left: Assemblyman David Chiu and Gov. Gavin Newsom pushed for a statewide rent control law, L.A. mansions that sold for combined $400+ million, developer Mohamed Hadid battled to save his Bel Air ...

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  • 31 Dec
  • The Real Deal
  • Uncategorized
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Relevant Group scores $61M refi on Dream Hollywood

Relevant Group managing partners Richard Heyman and Grant King with Dream Hollywood (Credit: Relevant Group) Relevant Group has landed $61 million in refinancing on its Dream Hollywood hotel, amid the local developer’s ongoing ...

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  • 31 Dec
  • The Real Deal
  • Uncategorized
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These global luxury markets are set to improve in 2020

London, Los Angeles and Sydney skylines (Credit: iStock) It was a tough year for sellers of high-end residential properties in many of the top markets across the globe. While 2020 could be more of the same in some cities, others are ...

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  • 30 Dec
  • The Real Deal
  • Uncategorized
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LA landlords pitch controversial ownership arrangement as rent law kicks in

Tenancy in common arrangements are growing in gentrifying Eastside neighborhoods like Silver Lake, Echo Park and Glassell Park (Credit: iStock) A lesser-known aspect of the Los Angeles residential market — tenancy in common — is ...

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  • 30 Dec
  • The Real Deal
  • Uncategorized
  •  1

WeWork co-CEOs will land $17M if they leave

WeWork co-CEOs Sebastian Gunningham and Artie Minson (Credit: Getty Images and Twitter) It may not be $1.7 billion, but it’s still a pretty penny. WeWork’s co-CEOs Artie Minson and Sebastian Cunningham will get about $17 million in ...

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  • 30 Dec
  • The Real Deal
  • Uncategorized
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These were the world’s hottest luxury markets in the 2010s

Clockwise from top left: New York, Jakarta, Shanghai (inset), Vancouver and Manila (Credit: iStock) Where are the world’s hottest luxury residential markets? It turns out that’s a question with a very different answer every year. Most ...

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  • 30 Dec
  • The Real Deal
  • Uncategorized
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