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Month: February 2020

Small Talk: I Am the Other Person Interested in Buying This Home

You know those other people that brokers always tell you want the same property you do? Turns out they all definitely exist. (Illustration by The Real Deal) Hi there. It’s me, the other person the broker told you was interested in this ...

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  • 13 Feb
  • The Real Deal
  • Uncategorized
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“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand

Redfin’s Glenn Kelman (Credit: iStock) Redfin’s losses nearly doubled to $81 million in 2019, but there was a silver lining to be found on Wednesday. The Seattle-based discount broker said in its quarterly earnings call that it ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Say what? Some eye-popping comments from real estate execs

Clockwise from top left: David Lichtenstein, Michelle Maratto Itkowitz, Donald Trump, Stephen Meister, Charles Kushner and Sam Zell (Photo-illustrations by Isabel Espanol) Real estate heavy hitters are nothing if not passionate about ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Multifamily investor Sares-Regis bets big on Miracle Mile

Sares-Regis Group’s Ken Gladstein in front of 630 Masselin Avenue The multifamily investment arm of Sares-Regis Group is betting big on a fast-changing corridor of Los Angeles’ Miracle Mile. The Orange County-based firm paid $86.7 ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Coldwell Banker is waiving franchise fees for minorities

Coldwell Banker CEO Ryan Gorman Coldwell Banker says it has abandoned franchising fees for veterans and people who identify as minorities in an attempt to boost diversity among its broker ranks. The New Jersey-based brokerage, which ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Jeff Bezos buys David Geffen’s Beverly Hills estate for record $165M

Amazon CEO Jeff Bezos with the home (Credit: Pintrest and Getty Images) Jeff Bezos and David Geffen hammered out the Amazon chief’s record-setting $165 million purchase of Geffen’s Beverly Hills estate while socializing on the former ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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CoStar acquires troubled rental listings firm for $588M

CoStar CEO Andy Florance and RentPath CEO Marc Lefar (Credit: Getty Images) CoStar Group has acquired troubled apartment listing firm RentPath for $588 million. The real estate data giant’s all-cash deal will take RentPath out of ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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SoftBank suspends plan for second Vision Fund

Softbank CEO Masayoshi Son (Credit: Getty Images) SoftBank has abandoned plans to raise $108 billion for its second Vision Fund, after investments in WeWork and Uber have scared off potential investors. Instead, the Japanese technology ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Niami gets $50M+ for Beverly Hills spec mansion

Nile Niami and 1175 N Hillcrest Road (Credit: Redfin) Nile Niami has found an unidentified buyer to purchase his 20,500-square foot Opus mansion in Beverly Hills for a bit north of $50 million, putting a close to a colorful, years-long ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Robert De Niro’s Wildflower Studios closes on NYC site

Robert De Niro and a rendering of Wildflower Studios (Credit: Getty Images and BIG) Robert De Niro’s new film production studio now has its development site in hand. Wildflower Studios closed on its purchase of a 5.25-acre waterfront ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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