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Month: February 2020

WeWork’s turnaround star will need a new script

WeWork CEO Sandeep Mathrani and predecessor Adam Neumann (Illustration by Zach Meyer) Sandeep Mathrani carved a slight figure as he took the stage to explain why he had just become CEO of a company with huge financial problems and ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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REITs take a hit amid growing coronavirus concerns

REIT stocks fall amid global coronavirus concerns (Credit: Getty Images, iStock) Real estate investment trusts were not immune from Monday’s global market sell — particularly hotel properties — a result of the growing fears surrounding ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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Highlights from Day 1 of TRD’s Future City summit

The second year of The Real Deal’s annual executive retreat kicked off at Baha Mar Resort in the Bahamas. Future City’s 2020 attendees — including Bentley Zhao of New Empire Real Estate, David Kramer of Hudson Companies, Doug Eisenberg ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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Goodbye, NRT. Hello, Realogy Brokerage Group

From left: Ryan Schneider, Ryan Gorman, Philip White, and Pam Liebman Realogy is saying goodbye to its alphabet soup of names. Amid a company-wide consolidation, the real estate brokerage giant is renaming NRT, the business unit that ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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It costs $500K to build one affordable housing unit in LA

Regulatory fees are culprit in housing building costs. (Credit: iStock) Homelessness and the related matter of housing supply are the top political issues in California, with Gov. Gavin Newsom using the annual “state of the state” ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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Westfield adds affordable units to $1.5B Promenade redevelopment

A rendering of the project (Credit: Ian Espinoza Associates vis Urbanize) Unibail-Rodamco-Westfield’s ambitious redevelopment of the decaying Promenade mall in Warner Center will include a new element — affordable housing. According to ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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Inside WeWork’s $2M+ settlement over claims of drug use, sexual harassment

The document threatened a lawsuit against WeWork when it was in the midst of rapid growth and fundraising (Credit: Getty Images) A woman who formerly worked in WeWork’s real estate business sent a 50-page document to the beleaguered ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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The latest real estate billionaire? Zillow’s Rich Barton

Zillow CEO Rich Barton (Credit: iStock) Zillow founder Rich Barton has become a billionaire. The listings giant CEO hit the milestone after strong results from Zillow’s risky new instant home-buying strategy caused shares to increase ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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The best real estate markets on earth over the last decade

Clockwise from right: Hong Kong; Columbo, Sri Lanka; and Zagreb, Croatia (Credit: Wikipedia, iStock) It’s been quite the decade economically in many parts of the world, and it shows in the values of homes. Home values have more than ...

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  • 23 Feb
  • The Real Deal
  • Uncategorized
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Vatican police raid another Holy See official over botched London property deal

Vatican police have been raiding church officials’ offices (Credit: iStock) Dan Brown wishes he wrote this one: All the Pope’s men are descending on London over an expensive and failed real estate deal. Vatican police raided the home ...

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  • 23 Feb
  • The Real Deal
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