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Month: May 2020

Coronavirus could set back the pro-density movement

New York City (Credit: iStock) The movement toward dense, transit-adjacent development picked up steam over the last few years, but the coronavirus pandemic might prove to be a big setback. The pandemic has forced a quick national ...

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  • 09 May
  • The Real Deal
  • Uncategorized
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Bars and music venues across America worry they’ll never reopen

Great Scott in Boston (Credit: Facebook) The coronavirus pandemic has forced scores of small bars and clubs across the country to shut their doors and some owners fear they won’t open back up. Entertainment operators, both ...

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  • 09 May
  • The Real Deal
  • Uncategorized
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Will insurers cover coronavirus-related business losses? We may soon find out

CNA Financial CEO Dino Robusto A business insurer’s position that it isn’t required to cover coronavirus-related losses is set to face a legal litmus test. A Las Vegas-based company with a CNA Financial’s subsidiary’s policy filed a ...

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  • 09 May
  • The Real Deal
  • Uncategorized
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Travis Kalanick behind $43M Bel Air purchase

Travis Kalanick (Credit: Justin Sullivan/Getty Images) Former Uber CEO Travis Kalanick is the buyer behind Los Angeles County’s biggest home sale completed amid the coronavirus-induced shutdown. Kalanick bought the 20,000-square foot, ...

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  • 09 May
  • The Real Deal
  • Uncategorized
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TRD Insights: California layoffs jumped 2,000% in April

San Francisco (Credit: iStock) April was another record-breaking month for layoffs in California. Companies announced 150,666 of them, up from 6,813 in April 2019, according to an analysis of daily Worker Adjustment and Retraining ...

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  • 08 May
  • The Real Deal
  • Uncategorized
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Douglas Elliman’s losses mount. And the worst is yet to come

President and CEO of Vector Group Howard Lorber (Photo by Ben Gabbe/Getty Images for Douglas Elliman) Douglas Elliman is preparing for an unforgiving market ahead. During an earnings call for the brokerage’s parent company, Elliman ...

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  • 08 May
  • The Real Deal
  • Uncategorized
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Brookfield Property’s Q1 losses come as retail tenants miss payments

Brookfield Property Group CEO Brian Kingston (Credit: Brookfield; Unsplash) Brookfield Property Partners is now negotiating with 2,400 of its retail tenants across the country who have been unable to come up with the rent. That ...

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  • 08 May
  • The Real Deal
  • Uncategorized
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JPMorgan showers single-family rental partnership with cash

American Homes 4 Rent CEO David Singelyn and  JPMorgan CEO Jamie Dimon (Credit: Singelyn via Cal Poly Pomona; Dimon via Alex Wroblewski/Getty Images) JPMorgan Chase is pouring more money into its partnership with single-family rental ...

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  • 08 May
  • The Real Deal
  • Uncategorized
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There’s better data on “the best kind of running sock to buy”: Fifth Wall’s Brendan Wallace on the iBuying imperative and why building sustainability is here to stay

There are red states, and there are blue states. But cities, according to the head of the largest real estate-focused venture capital fund, are going green no matter what. In the second part of an extended conversation with The Real ...

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  • 08 May
  • The Real Deal
  • Uncategorized
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The return of the $100M market: Bel Air spec mansion relists

Ty Cueva and the mansion (Credit: Hilton and Hyland) A 41,000-square-foot spec mansion in Bel Air returned to the market on Tuesday, asking $100 million. The relisting marks something of a turning point for ultra-luxury properties on ...

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  • 08 May
  • The Real Deal
  • Uncategorized
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