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Month: August 2020

Survival of the slimmest: TRD looks at the future of the residential brokerage

Real estate brokerages in Los Angeles and elsewhere have made shifts in their business over the last five months that could be for the long-term. In early April a dejected-looking Kurt Wisner posted a video in front of an empty van. ...

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  • 25 Aug
  • The Real Deal
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Bankruptcy for Balducci’s, Kings Food parent company

Balducci Balducci’s at 300 W 57th Street and Kings Food Markets at 870 Franklin Avenue in Garden City (Google Maps) The parent company of Kings Food Markets and Balducci’s has filed for Chapter 11 bankruptcy, becoming the latest grocer ...

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  • 25 Aug
  • The Real Deal
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Gerald Hines, developer who changed Houston’s skyline, dies at 95

Gerald Hines Gerald Hines, who transformed Houston’s skyline and built the Lipstick Building in Manhattan, died at his Connecticut home Sunday. He was 95. Hines built some of Houston’s largest office and shopping centers including the ...

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  • 24 Aug
  • The Real Deal
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Five ways Biden could change the game for real estate

Democratic presidential nominee Joe Biden has laid out changes he would make to programs and policies beloved by the real estate industry. (Photos via Getty Images) For the last four years, real estate companies have had one of their ...

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  • 24 Aug
  • The Real Deal
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Life after Cher: Goddess of Pop’s former Miami Beach mansion to list for $22M

64 La Gorce Circle, Cher and Lourdes Alatriste (Credit: Bruce Glikas/Bruce Glikas/FilmMagic via Getty Images) If she could turn back time, would Cher have held onto her Miami Beach home? Not sure, but the Goddess of Pop’s former ...

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  • 24 Aug
  • The Real Deal
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Blackstone pays $62M for data center in Southeast LA

Blackstone CEO Stephen Schwarzman, and the building (Credit: Google Maps) Blackstone Group paid $62 million for a data center in Southeast Los Angeles, continuing its push for industrial space. The 461,000-square-foot property is ...

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  • 24 Aug
  • The Real Deal
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Real estate investors raise billions while skipping debt payments

Brookfield’s Brian Kingston and Colony Capital’s Tom Barrack (Getty, iStock) In the real estate investment world, being delinquent on debt doesn’t mean investors have run out of money. They are likely to be cutting losses to shift ...

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  • 24 Aug
  • The Real Deal
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LA County properties valued at nearly $2 trillion…before pandemic

LA County assessor Jeffrey Prang Combined, the assessed value of Los Angeles County’s commercial and residential properties was $1.7 trillion. But that was as of Jan. 1, well before the coronavirus upended the county, country and the ...

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  • 24 Aug
  • The Real Deal
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SoCal surge: Home sales rose 27% in July

Southern California home sales rose 27 percent in July compared to June Southern California’s housing market surged in July, as buyers plowed into the market despite the overall economic uncertainty. Home sales and home prices rose ...

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  • 24 Aug
  • The Real Deal
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The Battery Atlanta is not for sale, says Braves real estate exec

Mike Plant and the Battery Atlanta The CEO of Braves Development Corp. cleared the air on Tuesday regarding the future of the mixed-use development outside Atlanta’s Truist Park: it’s not for sale. CEO Mike Plant said on Tuesday that ...

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  • 23 Aug
  • The Real Deal
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