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Month: March 2020

Thoroughbred horse sales plummet amid coronavirus fears

Coronavirus Fears Dampen Thoroughbred Horse Sales Thoroughbred horses are the latest asset to take a hit from the weakening global economy. Sales were down by nearly every major metric at day one of Ocala Breeders’ Sales Company’s ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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Brokerages close amid coronavirus crisis- but CA housing construction marches on

Commercial construction projects may be suspended (Credit: David McNew/Getty Images) While the coronavirus continues to spread, parts of California’s real estate industry are grinding to a halt because of Gov. Gavin Newsom’s “stay at ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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Feds looking to lease warehouses for coronavirus triage, testing centers

President Donald Trump (Credit: Chip Somodevilla/Getty Images) The federal government is reaching out to commercial property owners and brokers to lease empty warehouse space for temporary triage centers, as the number of confirmed ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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Cuomo announces drastic rules: No gathering, no going to work

Gov. Andrew Cuomo ordered all non-essential businesses to operate remotely (Credit: Getty Images) Gov. Andrew Cuomo on Friday barred all employees of non-essential businesses from reporting to work, and laid out what amount to ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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REIT declines outpace stock market amid shutdowns nationwide

(Credit: Pixabay) Another barrage of bad news on the coronavirus front led to another rough week for the markets, with the Dow Jones Industrial Average erasing its past three years of growth and real estate investment trusts getting ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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Mark your calendars: These are the top real estate webinars next week

Social distancing is a perfect opportunity to meet virtually. Here are some real estate webinars coming up next week. Host: Urban Land Institute Date: March 24 Time: 10 a.m. to 11:15 p.m. PST The Urban Land Institute is holding its ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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Shadow bankers could be left picking up the tab if hotels fail

Leon Black and Barry Sternlicht (Credit: Andrew Toth/Getty Images) Billionaire investor Leon Black went big on hotels in the years following the Great Recession, as alternative lenders like his Apollo Global Management stepped into the ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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MP Los Angeles plans 14-story office development in Hollywood

Mario J. Palumbo, managing director of Seward Partners and Millennium Partners, and the site (Credit: Google Maps) Developer MP Los Angeles has a new Hollywood project in the works. The Millennium Partners affiliate filed for a ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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LA County orders all non-essential retail businesses to close

LA County orders non-essential retail businesses to close Los Angeles County and LA city officials on Thursday ordered all non-essential retail businesses to close and residents to stay at home as the coronavirus continues to spread ...

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  • 19 Mar
  • The Real Deal
  • Uncategorized
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Coming to a hotel near you: The $2,500 coronavirus quarantine package

  A medical staff member takes temperature for a woman at a hotel arranged as a quarantine center for people returning from overseas countrie (Photo by Wei Liang/China News Service via Getty Images) The hospitality business has taken a ...

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  • 19 Mar
  • The Real Deal
  • Uncategorized
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