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Month: August 2020

LA County launches $100M rental assistance program

Kathryn Barger, member of the Los Angeles County Board of Supervisors Los Angeles County launched its $100 million rental assistance program this week. County residents have until the end of August to apply for aid, according to ...

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  • 18 Aug
  • The Real Deal
  • Uncategorized
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The Real Deal South Florida wins SPJ Sunshine State awards

The Real Deal South Florida took home two awards for excellence from the Society of Professional Journalists at its 2020 Sunshine State Awards. TRD was recognized in the magazine division both for its staff coverage and for individual ...

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  • 18 Aug
  • The Real Deal
  • Uncategorized
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August brings no sign of the rent apocalypse

(iStock) Tenants across the country are largely still paying rent despite high unemployment and waning government aid, a new report found. About 87 percent of apartment households made a full or partial rent payment by Aug. 13, ...

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  • 17 Aug
  • The Real Deal
  • Uncategorized
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Not your father’s distress: Down market could be opportunity of a lifetime or a big letdown

(Illustration by Daniel Castro Maia) This story was originally published in May 2020. As the coronavirus pandemic bore down on the economy, veteran investor Tom Barrack emerged as one of the loudest voices urging a lifeline for the ...

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  • 17 Aug
  • The Real Deal
  • Uncategorized
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TRD analysis: How Compass came to dominate one of LA’s hottest neighborhoods

Kurt Wisner and Robert Reffkin (Credit: Brad Barket/Getty Images) The northeast Los Angeles neighborhood of Silver Lake – filled with trendy coffee shops, organic grocery stores, and a popular reservoir – is Compass territory. For ...

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  • 17 Aug
  • The Real Deal
  • Uncategorized
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Nearly 1 in 6 FHA mortgages are delinquent

(iStock) As the coronavirus pandemic continues to devastate the economy around them, an alarming share of people holding America’s most accessible and affordable mortgages are behind on payments. Around 16 percent of Federal Housing ...

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  • 17 Aug
  • The Real Deal
  • Uncategorized
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Billionaire investor pays $23M to reunite sprawling Holmby Hills estate

Nicolas Berggruen, Gary L. Wilson, and the property (Credit: Google Maps and Patrick McMullan via Getty Images) Billionaire real estate investor Nicolas Berggruen paid $22.5 million to reunite the former Goetz estate in Holmby Hills, ...

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  • 17 Aug
  • The Real Deal
  • Uncategorized
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Project Roomkey has locked out most vulnerable, advocates charge

Heidi Marston, Executive Director of LAHSA The state’s Project Roomkey was designed to house elderly, vulnerable and homeless people in hotels to slow the spread of the coronavirus. But housing advocates are now accusing the Los ...

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  • 17 Aug
  • The Real Deal
  • Uncategorized
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Gagosian inks lease at former Masonic temple on Wilshire Boulevard

Larry Gagosian and the building (Credit: Google Maps) The gallery of art dealer Larry Gagosian has signed a lease for a chunk of the former Marciano Art Foundation building on Wilshire Boulevard. Gagosian leased the 13,000-square-foot ...

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  • 17 Aug
  • The Real Deal
  • Uncategorized
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Hong Kong security laws, that block dissent, also complicate RE investments for China’s elites

Hong Kong skyline Individuals with family ties to some of the most powerful figures in China’s Community Party have tens of millions of dollars invested in Hong Kong, including some $51 million in high-end real estate. Now, new ...

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  • 16 Aug
  • The Real Deal
  • Uncategorized
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