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Month: May 2020

Behind Brookfield’s critical Covid moment

Brookfield Property Partners CEO Brian Kingston and two of Brookfield’s largest retail assets, Ala Moana Center in Hawaii and Oakbrook Center in Illinois (Credit: Brookfield; iStock) Brookfield Asset Management is taking a bold step in ...

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  • 08 May
  • The Real Deal
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“Unlawful” and “hypocritical”: WeWork members threaten legal action over fees

(Credit: Alex Tai/SOPA Images/LightRocket via Getty Images, iStock) A group of WeWork members is threatening the co-working giant with legal action if it continues to collect fees even though the coronavirus has prevented them from ...

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  • 07 May
  • The Real Deal
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Cushman’s income drops 70% in Q1

Cushman & Wakefield’s Brett White (Credit: iStock) Cushman & Wakefield reported net income of nearly $7 million in the first quarter of 2020, down 70 percent from the same time last year. Revenue remained relatively flat at ...

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  • 07 May
  • The Real Deal
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Don’t miss LA’s top dealmakers on Monday’s TRD Talk

Hiten Samtani, Sally Forster Jones, Santiago Arana, and Aaron Kirman On another episode of TRD Talks Live, TRD Associate Publisher Hiten Samtani will catch up with three top agents and leaders in LA’s residential real estate community ...

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  • 07 May
  • The Real Deal
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RE/MAX ready for “full brunt” of pandemic: CEO

RE/MAX CEO Adam Contos (Credit: Facebook) The future is bright, but the second quarter won’t be. That was the mix of cautious optimism and realism offered by RE/MAX CEO Adam Contos in an earnings call Thursday as he explained that ...

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  • 07 May
  • The Real Deal
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Despite revenue uptick, Redfin posts $60M loss in Q1

Redfin CEO Glenn Kelman Redfin posted a $60 million loss in the first three months of 2020, a period in which the company’s revenues and expenses grew dramatically before crashing in March amid the coronavirus pandemic. The ...

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  • 07 May
  • The Real Deal
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Zillow CEO on coronavirus crisis: “We have passed peak fear”

Zillow CEO Rich Barton (Credit: Andy Cross / The Denver Post via Getty Images) Zillow’s losses ballooned to $163.3 million during the first quarter despite record revenue from its now-halted iBuying business. That’s a 142 percent ...

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  • 07 May
  • The Real Deal
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Mining company asks court to reveal Beny Steinmetz’s NYC real estate plays

Beny Steinmetz and a rendering of The XI at 76 11th Avenue (JACK GUEZ/AFP via Getty Images; BIG) For years, Israeli billionaire Beny Steinmetz has denied any connection to New York real estate. But a Brazilian mining company that’s ...

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  • 07 May
  • The Real Deal
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He sold the Willis Tower and the GM Building. But can Doug Harmon sell the Mountain?

Doug Harmon, Chairman of Cushman & Wakefield, and the Mountain of Beverly Hills (Credit: Cushman & Wakefield) Top New York City investment-sales broker Doug Harmon snagged himself an assignment unlike any he’s had before — ...

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  • 06 May
  • The Real Deal
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Michael Bloomberg picks up $44M estate in Colorado

Michael Bloomberg and the Westlands in Meeker, Colorado (Credit: Bloomberg by Toni L. Sandys/The Washington Post via Getty Images) Michael Bloomberg’s got the mother of all homes to quarantine in. The former presidential candidate ...

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  • 06 May
  • The Real Deal
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