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Month: September 2020

SoCal home sale prices keep rising

(iStock) August was a very strong month for the SoCal residential market. Home sales were up and so were the prices buyers paid. The median sales price across the six counties of Southern California was $600,000 last month, a 12 ...

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  • 24 Sep
  • The Real Deal
  • Uncategorized
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United Wholesale Mortgage goes public with $16B valuation

United Wholesale Mortgage Mat Ishbia and Gores Holdings IV CEO Alec Gores (Photos via United Wholesale Mortgage and Gores) United Wholesale Mortgage is merging with Gores Holdings IV, a special-purpose acquisition company, and ...

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  • 23 Sep
  • The Real Deal
  • Uncategorized
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Brookfield and Namdar plan to hand over keys to struggling malls

Jared Chupaila, CEO of Brookfield Properties’ retail group, with Florence Mall and Fashion Square (Brookfield, TripAdvisor, iStock) Some mall owners have given up trying to revive their struggling malls and pay off their debt payments ...

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  • 23 Sep
  • The Real Deal
  • Uncategorized
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Newly uncovered trademarks show Trump’s Cuba real estate aspirations

Donald Trump (Credit: Win McNamee/Getty Images) Newly uncovered trademarks illustrate President Trump’s Cuba real estate ambitions, as well as those in other countries. The Trump name had legal protections for use in real estate ...

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  • 23 Sep
  • The Real Deal
  • Uncategorized
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Beverly Hills Flats home sells for $40M, reported record for area

Joshua Greer and the home (Credit: Kevin Winter/Getty Images) A 9,000-square-foot home in the Beverly Hills Flats has sold for $40 million, The Real Deal has learned. The price is a record for the area, sources said. Sellers of the ...

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  • 23 Sep
  • The Real Deal
  • Uncategorized
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Eric Trump must sit for deposition in AG’s probe before election

New York State Attorney General Letita James and Eric Trump (Getty; iStock) Eric Trump must participate in an investigation into potential fraud at the Trump Organization prior to the November election, a judge ruled Wednesday. The ...

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  • 23 Sep
  • The Real Deal
  • Uncategorized
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Hotel industry is in trouble and more lenders want out

With about $23 billion of hotel-related CMBS loans in forbearance, more lenders are looking to offload those mortgages. (iStock) As hotels across the U.S. continue to suffer — average occupancy is just under 50 percent — an increasing ...

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  • 23 Sep
  • The Real Deal
  • Uncategorized
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Blackstone assembles biggest real estate debt fund ever

Blackstone Real Estate Debt Strategies’ Jonathan Pollack (Blackstone; iStock) PTA moms can look to Blackstone for fundraising inspiration. The giant firm gathered $8 billion for a property debt fund born last year and closed this ...

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  • 23 Sep
  • The Real Deal
  • Uncategorized
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How do companies decide who should return to offices first? It’s tricky

Companies are relying on surveys and other data points to determine who will come back to offices first. (iStock) Companies are starting to bring employees back to offices after months of working from home, but deciding who should come ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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Chris Cortazzo sells his own Malibu investment property for $10M

Chris Cortazzo and the property (Credit: Google Maps) Compass’ Chris Cortazzo brokered the sale of another Malibu investment property on behalf of one of his most prolific and reliable clients — himself. Cortazzo sold the home at 5721 ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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