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Month: February 2020

LA Chamber of Commerce explores doubling density of resi buildings

LA Chamber of Commerce, under CEO Maria Salinas, explores ballot measure doubling density of resi buildings. (Photo credit: iStock Photo, LA Chamber of Commerce.) The state couldn’t get it done. Now, it’s the turn of players in the ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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CrowdStreet hits $1B milestone, crowdfunding firm claims

CrowdStreet CEO Tore Steen (Credit: iStock) CrowdStreet said it has raised over $1 billion for commercial real estate deals through its online crowdfunding platform. The milestone comes as the crowdfunding industry continues to mature, ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Amherst Holdings to buy single-family landlord for $2.3B

CEO of Amherst Holdings LLC Sean Dobson In an effort to expand its already large portfolio, Amherst Holdings is acquiring heavily indebted single-family landlord Front Yard Residential Corp. in a $2.3 billion deal. The acquisition will ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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“Let’s call it what it is. It’s a disgrace:” Newsom on CA homeless crisis

Governor Gavin Newsom calls CA homelessness “a disgrace” (Credit: Getty Images) Gov. Gavin Newsom vowed to use every resource available to his administration to tackle California’s worsening homeless crisis, and threw the weight of his ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Zillow revenue doubled to $2.7B on iBuying bet – but losses ballooned

Zillow CEO Rich Barton (Credit: iStock, Getty Images) UPDATED, Feb. 19, 2020, 6:04 p.m.: After betting heavily on iBuying, Zillow Group’s revenue more than doubled in 2019 to $2.7 billion, the company said Wednesday. Just 20 months ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Bed Bath & Beyond to invest $1B in store upgrades and buybacks

Bed Bath & Beyond CEO Mark Tritton (Credit: Getty Images, Mike Mozart via Flickr) Bed Bath & Beyond will spend $1 billion on upgrading its stores and lease buybacks in an attempt to turn around the business after an ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Top Keller Williams agent bolts to start own Westside brokerage

Jesse Weinberg Jesse Weinberg was twice recognized as Keller Williams’ top nationwide sales agent, but he has now struck out on his own and plucked a team of agents to join him. Weinberg filed papers last week to start Jesse Weinberg ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Rockwood Capital pays $66M for Santa Monica phone building

1314 7th Street, Santa Monica and DivcoWest CEO Stuart Shiff An affiliate of investment firm Rockwood Capital has paid $65.7 million for the 1930s-era Telephone Building in Santa Monica. Verizon maintains a condominium stake in the ...

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  • 18 Feb
  • The Real Deal
  • Uncategorized
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Netflix’s “Dirty Money” series delves Jared Kushner, 1MDB scandal

Jared Kushner and Jho Low (Credit: Getty Images) Two years ago, the Netflix documentary series “Dirty Money” trained its sights on Donald Trump in an episode it called “The Confidence Man.” This time around, it’s staying in the real ...

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  • 18 Feb
  • The Real Deal
  • Uncategorized
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How Blackstone became the world’s biggest landlord

Clockwise from the top left: Bellagio Las Vegas, Blackstone’s Jon Gray, Embassy Office Parks in Bangalore, Blackstone’s Ken Caplan, Stuyvesant Town, and  Blackstone’s Kathleen McCarthy (Credit: Blackstone, Embassy Office Parks, ...

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  • 18 Feb
  • The Real Deal
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