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Month: March 2020

Boston shuts down construction sites amid coronavirus fears

Construction workers ending their work day on March 16 (Credit: David L. Ryan/The Boston Globe via Getty Images) Boston has shut down all of its construction projects in the city, raising questions about whether other cities such as ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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Real estate stocks take big hit as markets suffer worst day since 1987

Real Estate Stocks Plummet (Credit: wildpixel/iStock) As the stock market saw its worst plunge since the coronavirus outbreak, real estate stocks fared no better. Stocks continued their downward fall Monday, nearly a day after the ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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CMBS at a standstill as panic grips financial markets

(Credit: iStock) The marketplace where lenders sell mortgages on office buildings, rental properties and other types of commercial real estate as securities has ground to a halt as traders try to figure out how to price in risk amid ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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A note to the real estate industry on the coronavirus

  To the Real Estate Community: This is a difficult time for the industry. If 2020 didn’t already feel hard enough as a real estate professional with a sluggish market, rent reform laws, broker fees lawsuits, plunging stock prices and ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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With curfews and public assembly restrictions, what will happen to malls?

The American Dream mega mall (Credit: TIMOTHY A. CLARY/AFP via Getty Images) As cities around the country curtail large public gatherings, institute curfews and shut down schools to prevent the spread of the coronavirus, questions hang ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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Realogy re-signs CEO Ryan Schneider amid market plunge

Realogy CEO Ryan Schneider (Credit: Jhila Farzaneh for The Real Deal) Amid intense market turmoil, Realogy is sticking with the leader it hired in 2017 to turn the company around. In a regulatory filing, the real estate holding company ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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Seamless defers commission fees for restaurants. Critics say it’s not enough

After the state called on restaurants to cut seating in half or shutter Friday, food delivery company Seamless has announced it will defer collecting commission fees from “impacted independent restaurants.” “With dine-in down as much ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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Airbnb launches $1M competition to find unconventional rentals

Airbnb CEO Brian Chesky and a Unique Airbnb Fund home (Credit: Airbnb) Airbnb wants to find the “most unconventional and unusual livable spaces on the planet,” and it’s willing to pay big bucks for good ideas. The company is setting ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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The South Fork is having its worst year since the financial crisis

(Credit: iStock) The Hamptons’ South Fork is breathing heavy under its own weight. The longtime getaway of New York’s ultra-wealthy is experiencing its worst real estate slump since the financial crisis more than a decade ago, ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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Investors may find safety in healthcare REITs

Looking for a safe place to put your money to wait out the coronavirus pandemic? Healthcare stocks and real estate investment trusts in the sector aren’t a bad idea. REITs and companies that own hospitals, medical offices, and medical ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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