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Month: July 2020

LA County sublease space hits record level in Q2

(iStock) A staggering 5 million square feet of sublease space went on the market in Los Angeles County in the second second quarter, as transaction volume plummeted during the stay-at-home lockdown and difficult reopenings. Available ...

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  • 27 Jul
  • The Real Deal
  • Uncategorized
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Ventas slashes rents 45% on senior housing operator

Brookdale Senior Living president and CEO Lucinda M. Baier and Ventus CEO Debra Cafaro (iStock) Senior housing and medical office REIT Ventas has renegotiated leases for a firm that operates 121 of its senior living facilities across ...

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  • 27 Jul
  • The Real Deal
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BH Properties launches $200M fund to capitalize on troubled real estate

BH Properties CEO Steve Gozini (BH Properties, iStock) West Los Angeles-based investment firm BH Properties launched a $200 million distressed real estate fund to capitalize on a wave of opportunities expected in the near future. The ...

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  • 27 Jul
  • The Real Deal
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Jumbos now cost more than traditional mortgages

(iStock) Interest rates on so-called jumbo mortgages are above the historically low rates for smaller traditional mortgages for the first time in five years. It’s a sign that lenders now see smaller loans as safer since the federal ...

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  • 27 Jul
  • The Real Deal
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Authentic Brands, Sycamore eye buy of Ann Taylor parent company

Authentic Brands CEO Jamie Salter and an Ann Taylor store (Getty) Authentic Brands wants to make another big investment in the retail apocalypse. The company, along with frequent partners Simon Property Group and Brookfield, is eyeing ...

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  • 27 Jul
  • The Real Deal
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Tesla to build $1.1B assembly plant outside Austin, Texas

Elon Musk and the Cybertruck with Austin, Texas (Getty) Tesla plans to build a $1.1 billion auto assembly plant in Travis County outside Austin. There’s no word on whether Elon Musk is paying in Bitcoin, but the factory will be one of ...

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  • 26 Jul
  • The Real Deal
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Switzerland may surpass Hong Kong as the top global corporate tax haven

Switzerland (Credit: iStock) Some parts of Switzerland may soon become better corporate tax havens than the mother of all tax havens, Hong Kong. The Swiss government is implementing a massive tax reform that could drop the tax burden ...

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  • 26 Jul
  • The Real Deal
  • Uncategorized
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Pricey home sales plummet, but not prices themselves

The coronavirus pandemic hampered luxury residential deals in most major cities across the globe High-end residential sales in the world’s most expensive cities dropped like a rock in the first half of the year. Sales above $10 million ...

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  • 26 Jul
  • The Real Deal
  • Uncategorized
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Disney parks could lose 100M visitors in two years

A recent Cowen and Company report projects a 47 percent drop in attendance at Disney-owned parks next year and a 35 percent drop the year after. (Getty) Attendance at Disney-owned parks could drop by nearly 100 million people over two ...

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  • 26 Jul
  • The Real Deal
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COVID-safe office buildings come at a cost to Mother Nature

(iStock) Many office landlords are beefing up their HVAC systems and running them longer to mitigate the airborne spread of Covid-19, but that comes at a cost. Increasing the circulation of outside air through a building is seen as the ...

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  • 25 Jul
  • The Real Deal
  • Uncategorized
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