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Month: June 2020

California Association of Realtors’ new role? Mixed-use developer

An illustration of Jeanne Radsick and 525 S. Virgil Avenue (Credit: Google Maps) The National Association of Realtors wears many hats including Multiple Listings Services operator, Washington mega-lobbyist, and VC fund manager. Now the ...

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  • 15 Jun
  • The Real Deal
  • Uncategorized
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Dean Koontz fan buys author’s Orange County mansion for $50M

Glenn Stearns and Dean Koontz (Credit: Amanda Edwards and Jason LaVeris/FilmMagic, via Getty Images) Dean Koontz wrote a bestseller in Orange County. The author sold his 2.5-acre home in Newport Coast to mortgage firm head Glenn ...

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  • 15 Jun
  • The Real Deal
  • Uncategorized
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TRD Insights: Can CLOs recover from the pandemic?

Hudson Commons and 444 N. Michigan Ave. One of the fastest growing segments of the commercial real estate financing space has been commercial real estate collateralized loan obligations. But the strong growth trajectory for CRE CLOs ...

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  • 15 Jun
  • The Real Deal
  • Uncategorized
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Hotels are reopening. Will anyone come?

The Gaylord hotel brand is now spending between $10 million and $12 million on new safety procedures. (iStock) Hotels across the country are starting to reopen for business, but guests who show up will face a very different ...

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  • 15 Jun
  • The Real Deal
  • Uncategorized
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Saudi prince asks $40M for absolutely massive Beverly Park compound

Saudi Prince Turki bin Nasser and the home (Credit: AMER HILABI/AFP via Getty Images, and Redfin via Dirt.com) Saudi Prince Turki bin Nasser is asking $40 million for a compound in Beverly Park, or a little over a million bucks per ...

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  • 15 Jun
  • The Real Deal
  • Uncategorized
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Steve Harvey picks up friend Tyler Perry’s old Atlanta mansion for $15M

Steve Harvey and Tyler Perry with the house (Credit: Jim Spellman/WireImage and Cindy Ord, via Getty Images, and Atlanta Fine Homes Sotheby’s International) Steve Harvey is the new owner of a sprawling estate outside Atlanta once owned ...

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  • 14 Jun
  • The Real Deal
  • Uncategorized
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How will house-flippers fare post-COVID? Look to Cleveland

Cleveland is ripe for a post-COVID house-flipping surge. (iStock) Cleveland has been one of the most profitable places to flip single-family homes as rentals in recent years. The coronavirus pandemic is likely to make it even more ...

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  • 14 Jun
  • The Real Deal
  • Uncategorized
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Top Vatican officials approved London property sale under investigation

60 Sloane Avenue in London and Cardinal Pietro Parolin (Google Maps, Getty) Vatican officials last week arrested a man who appears to be at the center of a U.K. real estate scandal that has been a thorn in the side of the Holy See for ...

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  • 14 Jun
  • The Real Deal
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Tencent prepares its insane version of Hudson Yards in China

Tencent CEO Ma Huateng and a rendering of Net City (Wikipedia Commons) Chinese tech conglomerate Tencent is preparing to break ground on a development in Shenzhen that can only be described as a neighborhood built from the ground up. ...

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  • 13 Jun
  • The Real Deal
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Trump Administration pulls plug on Marriott’s Havana Sheraton

Marriott CEO Arne M. Sorenson. President Donald Trump and Marriott Four Points in Havana (Getty) The Trump Administration is putting an end to Marriott International’s business in Cuba. Administration officials told the hospitality ...

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  • 13 Jun
  • The Real Deal
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