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Month: August 2020

MetaProp seeks $200M to back bigger startups

Left to right: MetaProp partners Zach Aarons, Aaron Block, Zak Schwarzman and Maureen Waters (Images via Metaprop) MetaProp, a New York-based venture capital firm, is looking to raise $200 million — its biggest fund yet — to back ...

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  • 05 Aug
  • The Real Deal
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Home sale prices got a bump, but a drop is coming: Report

Home sale price declines are expected for July, after a recent bump, according to a CoreLogic report. (iStock) Home sale prices nationwide rose in June, though experts predict price growth will falter in July when the numbers come in. ...

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  • 05 Aug
  • The Real Deal
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Statewide eviction and foreclosure ban could end Aug. 14

Chief Justice Tani Cantil-Sakauye (UCDavis, iStock) Ready or not, California is poised to end its historic ban on evictions and foreclosures, a possibility that has lawmakers rushing to extend the measure. Remarks released this week by ...

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  • 05 Aug
  • The Real Deal
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Construction and permitting sunk after coronavirus hit

(iStock) The number of building permits issued by the city of Los Angeles in the second quarter of this year was almost half of the number issued during the same period last year, a clear impact of the coronavirus pandemic. The L.A. ...

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  • 05 Aug
  • The Real Deal
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Home loan applications fall again amid tight credit rules, weak job market

The weekly survey tracking purchase loans saw a seasonally adjusted decline of 2 percent in the final week of July. (iStock) The volume of applications for home loans fell again last week, due to a weak job market and tightening credit ...

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  • 05 Aug
  • The Real Deal
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Barry Sternlicht on 1031s: Kill them

Barry Sternlicht (Getty, iStock) Barry Sternlicht compares the coronavirus pandemic to a race at the Indianapolis Speedway gone wrong. As a pace car laps around the track, lenders have to pull into the pit to change the tires and ...

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  • 05 Aug
  • The Real Deal
  • Uncategorized
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In tough market, West Hollywood condo developer plans $100M listing

Frederik Eklund and a rendering of 8899 Beverly Boulevard (Getty, building courtesy of 8899 Beverly) The construction of a West Hollywood condo isn’t scheduled for completion until next year but its developer vows to sell a single unit ...

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  • 04 Aug
  • The Real Deal
  • Uncategorized
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SEC opens investigation into hotelier Monty Bennett’s companies

Hotelier Monty Bennett and Marriott Beverly Hills (Bennett via Ashford Inc.; Marriott via Booking) Texas-based Hotelier Monty Bennett and his affiliated companies came under public scrutiny in the spring when they received $68 million ...

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  • 04 Aug
  • The Real Deal
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J.C. Penney taps Cushman, B. Riley to sell 163 locations

B. Riley Real Estate president Michael Jerbich and  J.C. Penney CEO Jill Soltau (Getty, Linkedin, J.C. Penney) As part of its plan to reduce its portfolio and cut costs amid Chapter 11 bankruptcy, J.C. Penney is looking to sell off its ...

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  • 04 Aug
  • The Real Deal
  • Uncategorized
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Heiress and sex cult financier sues over West Hollywood swimming pool

Clare Bronfman and 8517 Franklin Avenue (Patrick McMullan/Getty, Zillow) A West Hollywood spec mansion tied to an heiress and accused sex cult financier has a problem with its pool. An LLC created by Clare Bronfman, daughter of former ...

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  • 04 Aug
  • The Real Deal
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