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Month: March 2020

TOC project with 85 units planned in Westlake

500-512 S. Union Avenue (Credit Google Maps and iStock) An 85-unit Transit-Oriented Communities project is in the works in Westlake. The seven-story project was filed with the city by Ramin Shillian, president of 3-D Construction, ...

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  • 18 Mar
  • The Real Deal
  • Uncategorized
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Brokerage stocks plunge amid market turmoil

From left: Realogy’s Ryan Schneider, Cushman & Wakefield’s Brett White and Newmark Knight Frank’s Barry Gosin (Credit: iStock) Real estate brokerage stocks plunged Wednesday, after a market selloff prompted U.S. stocks to ...

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  • 18 Mar
  • The Real Deal
  • Uncategorized
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Garcetti orders a moratorium on commercial evictions in LA

Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStockphoto) Los Angeles Mayor Eric Garcetti late Tuesday ordered a moratorium on commercial evictions for business owners who are unable to pay their rent ...

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  • 18 Mar
  • The Real Deal
  • Uncategorized
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Embattled Coachella hotel developer to auction Beverly Hills manse

Stuart Rubin (l) and Gary Stiffelman in front of hotel rendering. Facing a myriad of lawsuits as his Coachella luxury hotel site hurtles toward receivership, developer Stuart Rubin is putting his Beverly Hills mansion up for auction, ...

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  • 17 Mar
  • The Real Deal
  • Uncategorized
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Proptech startup Landis inks deal to turn renters into buyers

Cyril Berdugo and Tom Petit (Credit: Landis) Landis, a startup that uses technology to boost homeownership, has inked a deal with Transcendent Investment Management, a major owner of single-family rentals, to turn some of its tenants ...

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  • 17 Mar
  • The Real Deal
  • Uncategorized
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TRD Talks Live: hear from NYC’s biggest brokerage heads

A pandemic is rocking the real estate industry, and its effects are unprecedented. With New York under threat of shelter-in-place and real estate stocks tanking, The Real Deal is committed to keeping readers connected to the business. ...

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  • 17 Mar
  • The Real Deal
  • Uncategorized
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Real estate pros weigh in on Fed and Trump’s moves to bolster economy from COVID-19 pains

US Federal reserve Chairman Jerome Powell and President Donald Trump (Credit: Drew Angerer/Getty Images and ERIC BARADAT/AFP via Getty Images) The Trump administration’s effort to work with Congress on an $850 billion stimulus package ...

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  • 17 Mar
  • The Real Deal
  • Uncategorized
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SoftBank may bail on WeWork bailout: report

Former WeWork CEO Adam Neumann and Softbank CEO Masayoshi Son (Credit: Getty Images) SoftBank no longer plans to proceed with all of its bailout of WeWork, justifying its decision to back out of its $3 billion pledge to buy shares back ...

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  • 17 Mar
  • The Real Deal
  • Uncategorized
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No more playrooms, pools or gyms as NYC resi buildings hunker down

(Credit: iStock) Pools are shutting down, along with playrooms, lounges and sleek co-working spaces that just a few days ago were among the most sought-after amenities at New York City luxury buildings. Doormen are stopping delivery ...

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  • 17 Mar
  • The Real Deal
  • Uncategorized
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As schools, work shut down, Garcetti puts moratorium on evictions

Eric Garcetti issues partial citywide suspension of evictions (Credit:iStockphoto) Los Angeles Mayor Eric Garcetti has issued a partial citywide suspension of evictions in response to the coronavirus, sparking landlord fears over lost ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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