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Month: May 2020

Thalía and Tommy Mottola pay $8M for Surf Club Four Seasons condo in SoFla

Four Seasons Residences at The Surf Club with Tommy and Thalía Mottola (Credit: Craig Barritt/Getty Images) The queen of Latin pop and her music producer husband picked up a new home in South Florida. Mexican singer and actress Thalía, ...

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  • 27 May
  • The Real Deal
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Stephen Ross to retailers: Brace yourself for bankruptcies

Stephen Ross, chairman of Related Companies (Getty) Stephen Ross predicts the coronavirus pandemic will result in a “flood of cases going to the bankruptcy court.” The chairman of Related Companies appeared on CNBC’s “Squawk Box” ...

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  • 27 May
  • The Real Deal
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REIT stocks rise as NYSE trading floor reopens

The FTSE Nareit All REITs index rose by 3.68 percent on Tuesday, outpacing the broader markets as the New York Stock Exchange reopened its trading floor following a two-month closure. (Getty; iStock) The reopening of the New York Stock ...

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  • 27 May
  • The Real Deal
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Jade Enterprises plans apartment complex in Hollywood

JADE Enterprises Director of Development Daniel Taban and the development site (Credit: Google Maps) Developer Jade Enterprises filed plans to build an apartment project in Hollywood that would have at least 50 units and would include ...

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  • 27 May
  • The Real Deal
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Six weeks, six jumps in mortgage applications to buy homes

(Credit: iStock) Homebuyers are back in the game as reopening continues. The volume of mortgage applications to purchase homes increased by 9 percent last week, according to the seasonally adjusted weekly index kept by the Mortgage ...

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  • 27 May
  • The Real Deal
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Greystar probed tenants’ “character,” “reputation,” “rental history,” lawsuit claims

Greystar CEO Bob Faith in front of Greystar-owned DTLA building Greystar, one of the largest multifamily property owners in the country, is accused of gathering extensive financial and personal information on several prospective ...

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  • 26 May
  • The Real Deal
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Loophole allowed big-name landlords to get bailout funds

(Credit: iStock) Some lucky landlords have secured bailout funds through the federal government’s Paycheck Protection Program — all thanks to a legal loophole. The program, created through the CARES Act and administered by the Small ...

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  • 26 May
  • The Real Deal
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At Prime Group’s 4,200-unit Park La Brea, social distancing is a big problem

John Atwater, CEO of Prime Group, and Park La Brea (Credit: Brown University, and Park La Brea) Adhering to social distancing guidelines in the time of coronavirus has been a challenge in big cities, but for residents of one of the ...

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  • 26 May
  • The Real Deal
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Activist investor Jonathan Litt is shorting big office landlords

From left: SL Green CEO Marc Holliday, Land & Buildings Investment Management founder Jonathan Litt and Vornado chairman Steven Roth (Unsplash; Land & Buildings Investment Management; Getty) Activist investor Jonathan Litt, ...

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  • 26 May
  • The Real Deal
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If you clean it, will they come? Rick Caruso’s visible plan to reopen malls & resorts

Rick Caruso, the Grove mall (Credit: Donato Sardella/Getty Images, and CARUSO) Rick Caruso plans to make his malls and resorts exceptionally clean when they reopen. So much so that he’s swapping out valet parkers for “distancing ...

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  • 26 May
  • The Real Deal
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