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Month: April 2020

WeWork taps JLL, Newmark to help negotiate rent relief

Barry Gosin, Sandeep Mathrani and Christian Ulbrich WeWork has hired JLL and Newmark Knight Frank to help it negotiate rent relief or convert lease deals into profit-sharing agreements. The co-working firm has stopped paying rent at ...

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  • 08 Apr
  • The Real Deal
  • Uncategorized
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Not so fast, vultures: Multifamily among better “food groups” poised to weather pandemic

Lightstone’s David Lichtenstein would like to make one thing clear: Not all property classes are in immediate peril. “Read my lips: You are not going to see distress in multifamily,” he said during a TRD Talks Live panel discussion on ...

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  • 08 Apr
  • The Real Deal
  • Uncategorized
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LA considers emergency rent relief program

Nury Martinez Los Angeles is now considering bringing back a citywide program that helps vulnerable residents cover their rent. Under the measure, the City Council would cover a portion of the rent for three months, according to the ...

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  • 08 Apr
  • The Real Deal
  • Uncategorized
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A quarter of Prologis’ tenants request a break on rent. Most won’t get it

Hamid Moghadam Even the booming industrial real estate sector isn’t immune from the effects of the pandemic. Prologis, one of the biggest logistics real estate companies in the world, announced this week that nearly a quarter of its ...

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  • 07 Apr
  • The Real Deal
  • Uncategorized
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Congress fixed tax code “retail glitch” and gave real estate a tax windfall

Senate Majority Leader Mitch McConnell and House Speaker Nancy Pelosi (Credit: (Photo by Drew Angerer/Getty Images) Real estate owners can thank a fix to the “retail glitch” — rectified in the $2 trillion economic bailout — for a new ...

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  • 07 Apr
  • The Real Deal
  • Uncategorized
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Zillow co-founder Spencer Rascoff leaves board

Spencer Rascoff (Credit: John Lamparski/Getty Images) Fourteen months after being replaced as Zillow’s chief executive, co-founder Spencer Rascoff is leaving the company’s board of directors. The Seattle-based listings giant disclosed ...

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  • 07 Apr
  • The Real Deal
  • Uncategorized
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Panorama Group plans 109-unit senior living project in Eagle Rock

Panorama Group Founder Daniel Kianmahd and a rendering of the project Panorama Group is betting big on the need for new eldercare facilities in the Los Angeles area. The Beverly Hills-based firm filed for a 109-unit assisted living ...

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  • 07 Apr
  • The Real Deal
  • Uncategorized
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Luxury broker Marc Noah joins Hilton & Hyland from Sotheby’s

Marc Noah, Hilton & Hyland’s most recent addition (Credit: Google Maps) Luxury broker Marc Noah has jumped to Hilton & Hyland from Sotheby’s International Realty and in keeping with the statewide stay-at-home order, has been ...

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  • 07 Apr
  • The Real Deal
  • Uncategorized
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Sharks circle as mortgage lenders shed portfolios at steep discounts

Wesley Edens’s Fortress Investment Group picked up a mortgage bond portfolio for a steal (Credit: Drew Angerer/Getty Images, iStock) With mortgage lenders under pressure as homeowners miss payments, you better believe the sharks are ...

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  • 07 Apr
  • The Real Deal
  • Uncategorized
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Badgley Mischka is getting into real estate development

Mark Badgley and James Mischka with Florian Haffa (Credit: Eugene Gologursky/WireImage) Beverly Hills-born fashion brand Badgley Mischka has inked a deal to brand real estate developments across the nation. The company is working with ...

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  • 07 Apr
  • The Real Deal
  • Uncategorized
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