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Month: September 2020

Top developers on their reasons for doubling down in South Florida market

For some Miami developers, the last few months have provided an opportunity to “double down.” “Our affordable division is extremely active,” Jon Paul Pérez, executive vice president of Related Group, said during The Real Deal’s latest ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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Newsom signs into law slate of tenant protection and housing measures

California Gov. Gavin Newsom (Credit: Justin Sullivan/Getty Images) Gov. Gavin Newsom signed into law a package of real estate-related measures Tuesday aimed at boosting housing development and protecting tenants. Of the 15 bills, here ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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Retail bankruptcies on pace to rival 2010: report

Retail bankruptcies are on pace to surpass those filed in 2010, while store closings have already passed those from 2019, according to a report (Getty) It’s been a difficult year for retailers, and things may get worse before they get ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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Zillow co-founder Spencer Rascoff to start blank-check company

Spencer Rascoff (Getty; iStock) The co-founder of Zillow and Hotwire is the latest high-profile real estate figure to join the blank-check craze. Spencer Rascoff is co-chairing a special-purpose acquisition company (SPAC), also known ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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In the rough: Trump’s golf clubs and resorts have lost $315M

Donald Trump and the Trump National Doral golf course (Getty, Trump Hotels) President Trump’s golf club and resort properties have long been in the financial rough. Since 2000, Trump has reported combined losses of more than $315 ...

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  • 28 Sep
  • The Real Deal
  • Uncategorized
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Biden vs. Trump: What’s at stake for real estate?

Joe Biden and Donald Trump Biden’s $775B ‘caring economy’ plan would kill 1031 exchanges Joe Biden went after one of the real estate industry’s favorite tax benefits last month. The presumptive Democratic presidential nominee proposed ...

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  • 28 Sep
  • The Real Deal
  • Uncategorized
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Trump took nearly $100M out of Vornado partnership in 2013

Donald Trump with 1290 Sixth Avenue in Manhattan and 555 California Street in San Francisco (Getty, Google Maps) 1290 Sixth Avenue in Manhattan (Google Maps) Donald Trump pulled out nearly $100 million in 2013 from the office ...

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  • 28 Sep
  • The Real Deal
  • Uncategorized
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Troubled commercial properties see values fall 27%: report

The pandemic is leading to huge losses in value for hotels, malls and other commercial properties (iStock) Commercial properties such as hotels and malls may have lost as much as a quarter of their value as the pandemic devastated the ...

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  • 28 Sep
  • The Real Deal
  • Uncategorized
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$99M is not enough: Pierce Brosnan lists Malibu manse at massive price

Pierce Brosnan (Credit: Andreas Rentz/Getty Images) Pierce Brosnan is hoping to pull off a feat more stunning than anything he did playing James Bond: Sell a 12,500-square-foot home for $100 million, or $8,000 per square foot. The home ...

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  • 28 Sep
  • The Real Deal
  • Uncategorized
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Anaheim developer plans 51 units for Koreatown

944-952 S. Dewey Avenue (Credit: Google Maps) A developer out of Anaheim is planning to replace a pair of multifamily buildings in Koreatown with a 51-unit Transit-Oriented Communities complex. RKC Development, using a limited ...

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  • 28 Sep
  • The Real Deal
  • Uncategorized
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