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Month: June 2020

Realogy upsizes debt offering to $550M

Realogy CEO Ryan Schneider Realogy Holdings just raised $550 million, bolstered by strong demand for a previously-announced debt offering. The brokerage giant announced a $400 million offering of second lien notes on Monday; it upsized ...

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  • 10 Jun
  • The Real Deal
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AMC may close some theaters in an effort to stay in business

AMC is pressed to get eyes back in front of their screens starting in July — but not without some cuts ahead. (Getty) AMC is pressed to get eyes back in front of their screens — but not without some cuts ahead. The world’s largest ...

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  • 10 Jun
  • The Real Deal
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Landlords sue Big Retail as missed rent payments pile up

A growing number of retail landlords are suing to get unpaid rent from “credit tenants” like H&M, Urban Outfitters, and Gap that have been battered by the coronavirus. (Getty) Before the coronavirus, retailers like H&M and ...

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  • 09 Jun
  • The Real Deal
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Nearly 80% of renters have made payments in June: report

One survey of 11.5 million apartments shows that 80 percent of renters paid at least some rent in June. (iStock) Rent collections continue to appear stronger than initially expected despite financial stress brought on by the ...

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  • 09 Jun
  • The Real Deal
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How Blackstone plans to keep its upper hand in the downturn

From left: President Donald Trump with Blackstone’s Jonathan Gray; Blackstone’s Bill Mulrow with New York State Gov. Andrew Cuomo Seated in the New York State Capitol’s Red Room, Gov. Andrew Cuomo introduced the team that would restart ...

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  • 09 Jun
  • The Real Deal
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Retailers take stock of insurance coverage after looting

Damages to retailers from civil unrest may prove more manageable than the coronavirus in one respect — insurance coverage. (Getty) Looting and vandalism in cities across the country, which arose alongside peaceful protests for racial ...

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  • 09 Jun
  • The Real Deal
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Corcoran agent in Miami loses job over “racist and fear-based” marketing

Joseph Swedroe (Corcoran, iStock) A Corcoran Group agent in South Florida sent out an email blast in the hopes of attracting New York buyers, but the way he did it has cost him his job. Joseph Swedroe’s email, with the subject line ...

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  • 09 Jun
  • The Real Deal
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“Modern Family” star buys sprawling Beverly Park estate

Sofía Vergara and Joe Manganiello, with the home (Credit: Kevin Mazur/Getty Images, and Realtor.com via Dirt.com) “Modern Family” star Sofia Vergara and her actor husband Joe Manganiello have added a sprawling Beverly Park estate to ...

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  • 09 Jun
  • The Real Deal
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LA movie theaters will soon re-open, but they won’t be the same

The Egyptian theater (Credit: iStock) Los Angeles County could allow movie theaters to open as soon as Friday. The state has allowed L.A. County, along with most other counties statewide, to re-open several types of businesses and ...

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  • 09 Jun
  • The Real Deal
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WeWork may abandon WeLive

Sandeep Mathrani, the WeLive website and 110 Wall Street (Google Maps) WeWork is considering ditching its co-living business. The Sandee Mathrani-led firm is working with an adviser on options to hand over operations of its two ...

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  • 08 Jun
  • The Real Deal
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