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Month: February 2020

How much bigger can Brookfield get?

(Illustration by Daniel Castro Maia) You don’t become the city’s biggest commercial landlord without taking some big risks. Buying malls when everyone says brick-and-mortar retail is dying. Building a megaproject in the South Bronx ...

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  • 04 Feb
  • The Real Deal
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It’s back: AIDS Healthcare rental cap bill heads to ballot

Michael Weinstein, the director of the AIDS Healthcare Foundation Don’t call it a comeback, statewide attempts to cap rent hikes have been ongoing for years. The California Secretary of State’s office announced this week that the ...

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  • 04 Feb
  • The Real Deal
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Macy’s to close 125 stores, slash 2K jobs

Macy’s CEO Jeff Gennette and the Herald Square location (Credit: Getty Images and Google Maps) Beleaguered retail giant Macy’s is planning to close over 100 of its stores, cut 2,000 jobs and test out a new strategy for future ...

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  • 04 Feb
  • The Real Deal
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Amazon insiders: HQ2 campaign driven by Bezos’ ego, subsidy envy

Amazon CEO Jeff Bezos and Tesla CEO Elon Musk with Long Island City (Credit: Getty Images, Wikipedia) Early in Amazon’s search for a second headquarters location, the company had a list of 25 cities that could support 20,000 new ...

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  • 04 Feb
  • The Real Deal
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Here’s why Zillow is getting brokerage licenses

Rich Barton (Credit: iStock) For years, Zillow Group insisted it didn’t want to replace brokers or usurp their clients. But its quest to obtain brokerage licenses nationwide may test those claims. The push to get licensed comes as the ...

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  • 04 Feb
  • The Real Deal
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Shvo, partners buy SF’s iconic Transamerica Building for $700M

The Transamerica Building in San Francisco and Michael Shvo (Credit: iStock) San Francisco’s iconic Transamerica Building has been sold for the first time. The pyramid-shaped tower was acquired for close to $700 million by a ...

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  • 04 Feb
  • The Real Deal
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Another day, another $100M listing in Malibu

Scott Gillen has listed his Malibu spec mansion for $100 million. In Malibu luxury real estate, $100 million is the new $50 million. Scott Gillen, a developer who this summer decided to put a portfolio of trophy Malibu homes up for ...

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  • 04 Feb
  • The Real Deal
  • Uncategorized
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Zillow says new brokerage license in NY signals national aspirations

StreetEasy CEO Richard Barton and RealDirect CEO Doug Perlson (Credit: JD Lasica via Flickr, RealDirect) Zillow Group is now a licensed corporate broker in New York. It’s part of a national growth strategy in which Zillow is getting ...

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  • 03 Feb
  • The Real Deal
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An embattled Jose Huizar revives Pershing Square redesign

Jose Huizar gave new details Monday on Pershing Square redesign (Credit: Getty Images and Wikipedia) Jose Huizar is back in the public eye, and so is his six-year-old plan to redesign the historic downtown Pershing Square park. The ...

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  • 03 Feb
  • The Real Deal
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Andreessen Horowitz leads funding round for self-storage startup

Neighbor CEO Joseph Woodbury (Credit: iStock) In an age of sharing space, you can make money off just about anything: Your house is on Airbnb. Your car is on Turo. You can even rent out your swimming pool on Swimply. And now, if you ...

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  • 03 Feb
  • The Real Deal
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