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Month: August 2020

Keller Williams reports 15% drop in sales in Q2

Gary Keller (iStock, Courtesy of Keller Williams) Keller Williams saw sales volume plunge and the number of new home listings fall, as the pandemic brought many parts of the country to a standstill in the second quarter. The ...

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  • 10 Aug
  • The Real Deal
  • Uncategorized
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Vast Georgia quail hunting estate asks $26M

Mark Taylor and Chokee Farm (Credit: Jon Kohler & Associates via Bloomberg) A 5,100-acre farm with a rich political history is on the market for $26 million. Chokee Farm is being sold by the family of former two-term Georgia Lt. ...

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  • 09 Aug
  • The Real Deal
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MGM, desperate for cash, launches “Work From Vegas” program

MGM CEO William Hornbuckle and the Bellagio resort For decades, Las Vegas has attracted vacationers with its casinos, clubs and restaurants. Now, one desperate hotel operator wants to bring in the work-from-home crowd. MGM resorts has ...

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  • 09 Aug
  • The Real Deal
  • Uncategorized
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Taubman’s $475M Mall of San Juan gets “knocked out” after reopening

Mall of San Juan (Taubman) The Mall of San Juan, in Puerto Rico’s capital, opened to great fanfare in 2015. But the last five years haven’t been kind to the $475 million upscale shopping center, which has grappled with retail ...

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  • 08 Aug
  • The Real Deal
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Invitation Homes may double its single-family portfolio

Invitation Homes CEO Dallas Tanner (iStock; Tanner via Invitation Homes) Single-family rental giant Invitation Homes Inc. is looking to take advantage of low mortgage rates and growing preference for more space over tighter urban ...

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  • 08 Aug
  • The Real Deal
  • Uncategorized
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National retail chains paid 80% of July rent, a Covid high

Only a few retail categories were able to pay more than 95 percent of rent (Google Maps) An increasing number of retailers are finding their rent is no longer too damn high. Major retail chains paid 80 percent of their July rent, by ...

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  • 07 Aug
  • The Real Deal
  • Uncategorized
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Brightline ends partnership with Virgin Trains in South Florida

Richard Branson and Brightline train (Getty, Virgin) Brightline and Virgin Trains are headed on different tracks and have ended their partnership agreement in South Florida. The commuter train service will go back to using the name ...

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  • 07 Aug
  • The Real Deal
  • Uncategorized
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Mortgage mogul Dan Gilbert sees net worth quicken to $34B

Dan GIlbert (Getty, iStock) In its first day of trading, shares of Rocket Co. rose more than 19 percent, pegging the net worth of Dan Gilbert, the company’s CEO, at $34 billion. The Detroit-based mortgage company is now valued at about ...

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  • 07 Aug
  • The Real Deal
  • Uncategorized
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Retailers rejecting leases amid bankruptcy could bring “tsunami” for landlords

Retailers are rejecting leases amid bankruptcy filings, putting a strain on landlords. (iStock; Pixabay) Retail bankruptcy filings have skyrocketed in recent months, with a key benefit being the ability to exit a pricey, multi-year ...

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  • 07 Aug
  • The Real Deal
  • Uncategorized
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Blackstone boss leads Wall Street charge for Trump

President Donald Trump and Blackstone CEO Stephen Schwarzman (Trump by Scott Olson/Getty Images; Schwarzman by David Fitzgerald/Sportsfile for Web Summit via Getty Images) When others zig, Blackstone boss Stephen Schwarzman zags. Wall ...

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  • 07 Aug
  • The Real Deal
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