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Month: May 2020

CDC recommendations would drastically alter offices

The Centers for Disease Control released new guidelines for offices as they reopen amid the coronavirus. (Getty) Sweeping new recommendations from the nation’s health protection agency would drastically alter how people work in ...

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  • 29 May
  • The Real Deal
  • Uncategorized
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Survival of the Fullest: Restaurants fear capacity constraints will kill them

Capacity constraints may cause agony for restaurateurs and their landlords (iStock, Getty) As restaurants move to open, owners are agonizing over capacity constraints and social distancing guidelines, which are expected to result in a ...

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  • 28 May
  • The Real Deal
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The biggest new tenant in New York City is… TikTok

Douglas Durst, One Five One, and Tik Tok CEO Kevin Mayer (Getty, Google Maps, iStock) TikTok is coming to Times Square. The parent company for the video-sharing app has inked a lease with the Durst Organization for 232,000 square feet ...

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  • 28 May
  • The Real Deal
  • Uncategorized
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Malibu cliffside home with its own ticket to ride lists for $125M

Diana Jenkins and Paradise Cove (Credit: Michael Kovac/Getty Images, and iStock) A Malibu home once owned by Kenny Rogers has listed for $125 million, the latest and priciest ultra-luxury property in the beachside community to hit the ...

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  • 28 May
  • The Real Deal
  • Uncategorized
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Pandemic takes a Toll: Builder’s profits drop 42%

Toll Brothers CEO Douglas C. Yearley Jr. (Credit: iStock) As coronavirus battered the residential market, Toll Brothers said its second-quarter profits dropped nearly 42 percent from a year ago, to $75.7 million. The luxury home ...

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  • 28 May
  • The Real Deal
  • Uncategorized
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Tensions brew on WeWork’s board with appointment of new members

Frederick Arnold, formerly of Convergex and Alex Dimitrief, formerly of General Electric (Getty, Twitter Navient) A brewing dispute at WeWork is set to intensify after a Delaware court approved the co-working company’s decision to ...

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  • 28 May
  • The Real Deal
  • Uncategorized
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Hotel occupancy hovers around 35% after Memorial Day boost

Hotel occupancy continued its recovery from the coronavirus, with rates reaching an average of 35% in the U.S. after Memorial Day weekend. (Getty) Hotels are slowly clawing their way back from pandemic purgatory. National occupancy ...

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  • 28 May
  • The Real Deal
  • Uncategorized
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“Large pools of talent”: Mark Zuckerberg touts remote-work plan

After announcing that Facebook will move toward more working from home, Mark Zuckerberg has detailed why the plan will work in his company’s favor. “The biggest advantages I think are access to large pools of talent who don’t live ...

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  • 28 May
  • The Real Deal
  • Uncategorized
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Marcus & Millichap laying off 20% of workforce

Marcus & Millichap CEO Hessam Nadji and their Calabasas office. Marcus & Millichap plans to lay off 20 percent of its workforce as the publicly traded commercial real estate brokerage goes through a restructuring. The ...

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  • 27 May
  • The Real Deal
  • Uncategorized
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Ex-Huizar staffer admits to accepting bribes for DTLA skyscraper project

Jose Huizar and the proposed tower (Credit: Rebecca Sapp/WireImage via Getty Images. and Los Angeles Department of City Planning via The Architect’s Newspaper) A former staffer for Councilman Jose Huizar is the latest figure to plead ...

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  • 27 May
  • The Real Deal
  • Uncategorized
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