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Month: March 2020

More than 100 Chinese real estate firms have filed for bankruptcy this year

Workers disinfect an apartment complex in Wuhan (Credit: Feature China/Barcroft Media via Getty Images) The coronavirus pandemic has devastated an already weakened residential real estate sector in China. More than 100 real estate ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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This weekend’s open house? You’ll have to tune in via livestream

A growing number of startups and agents are embracing video tours and virtual houses (Credit: iStock) You can forget about having Purell and booties at the door. A growing number of startups and agents are embracing video tours and ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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Trump Tower Mumbai builder sidesteps default with big bond sale

Abhishek Lodha and a rendering of Trump Tower Mumbai (Credit: Prasad Gori/Hindustan Times via Getty Images) HED DEK SEO HED SEO DESC TWEET Macrotech Developers, builder of Trump Tower Mumbai, skirted a default on $324M in debt with a ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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Building towers with stone could be the future, architects say

Groupwork’s Amin Taha and Webb Yates’ Steve Webb (Credit: Groupwork, The Golden Sun project) A group of architects wants to bring their practice back to the stone age. Groupwork and structural engineering firm Webb Yates ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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Tobacco mogul looks to part with over 500,000 acres of prime real estate

Eagle Mountain and Carrizo Mountain ranches (Credit: King Land and Water; iStock) Tobacco billionaire Brad Kelley is ready to sell a mass of land that spans the size of Rhode Island, and all he’s asking for is $500 million. Kelley is ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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Virus outbreak has cost Airbnb tens of millions of dollars so far

Brian Chesky (Credit: Mike Cohen/Getty Images for The New York Times, iStock)Brian Chesky (Credit: Mike Cohen/Getty Images for The New York Times, iStock) Airbnb has lost tens of millions of dollars in booking revenues over the past ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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For LA brokers, coronavirus means closed open houses and peak uncertainty

(Credit: iStock) Open houses are cancelled and private showings postponed as the Los Angeles residential real estate community responds to the coronavirus, the pandemic that has wreaked havoc on the global economy and is rapidly ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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Cresset Partners-led Opportunity Zone fund raises $465M; targets $750M new fund

Cresset Partners Nick Parrish, The Preston in Houston (Credit: Hines) Two investment firms have closed on a half billion-dollar Opportunity Zone fund with projects across the country, and have launched a second fund, with a target ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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Westside’s Spencer Krull jumps to Side as firm’s first SoCal managing broker

Spencer Krull, Side’s new Southern California managing broker Venture capital-backed Side has plucked a veteran real estate executive to manage its Southern California office, on the heels of having lured several high-profile Los ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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Carl Icahn’s biggest short? Commercial real estate

Carl Icahn (Credit: Icahn by Neilson Barnard/Getty Images for New York Times; iStock) The U.S. commercial real estate market is ripe for a meltdown, according to activist investor and notorious corporate raider Carl Icahn. And he’s ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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