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Month: April 2020

Nearly 6% of home loans are now in forbearance

Covid-19 has led to a sharp increase of the amount of loans in forbearance, reaching 6% by mid-April, according to data from the Mortgage Bankers Association (Credit: iStock) The number of mortgages where borrowers are putting off ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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He’s back: Adam Neumann to sue SoftBank for bolting WeWork bailout

A photo illustration of Adam Neumann (Credit: Illustration by The Real Deal, Neumann by Kelly Sullivan/Getty Images, iStock) Adam Neumann isn’t going gently. The former WeWork CEO plans to sue the company’s chief financial backer, ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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“Capitalism without bankruptcy is like Catholicism without Hell”: These distressed-debt players are ready for a feast

Oaktree co-founder and co-chairman Howard Marks (Credit: Marks by K. Y. Cheng/South China Morning Post via Getty Images) “The firewood had been stacked,” Oaktree Capital Management said in a recent presentation to investors. And the ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Lakers’ Anthony Davis lists West Lake mansion — basketball gym included

Anthony Davis (Credit: Zhong Zhi/Getty Images) The coronavirus has put a dent in the Los Angeles luxury market, but Los Angeles Lakers all-star and soon-to-be free agent Anthony Davis is undeterred. The star forward has listed his ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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In bid for relief, restaurants wage lobbying war against insurers

Restaurants and insurers are at war over whether coronavirus distress is covered by business-interruption insurance. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) Restaurants and the insurance ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Self-storage tenants are getting some rent relief, too

Joseph D. Margolis, CEO of Extra Space Storage, which is among the self-storage firms halting evictions on its spaces in L.A. Some self-storage companies across Los Angeles County have halted evictions and rent hikes on their customers ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Some retail landlords have collected just 15% of April rents: Report

Retail landlords and mall owners have collected just 15 percent of what they were owed (Credit: background by Erin Lefevre/NurPhoto via Getty Images) The fight over commercial rent payments looks like it may be ugly. So far in April, ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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5 things to know about supertall condo developer Michael Stern

  JDS Development Group’s Michael Stern   Michael Stern is one of the boldest luxury developers in the United States. Projects under his JDS Development Group include the skinny supertall at 111 West 57th Street and Walker Tower at 212 ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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Barbara Corcoran: Now is the time to find “sweetheart deals”

Barbara Corcoran (Credit: Mike Pont/WireImage, iStock) The pandemic has made buying or selling a home a real feat, but Barbara Corcoran says those who keep their ears to the ground will be rewarded. The Corcoran Group founder told ...

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  • 18 Apr
  • The Real Deal
  • Uncategorized
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McDonald’s real estate strategy could help it weather storm

McDonald’s owns the land beneath many of its restaurants (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images) Fear not, America: The Golden Arches are positioned to endure the coronavirus pandemic. The real estate and ...

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  • 18 Apr
  • The Real Deal
  • Uncategorized
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