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Month: October 2020

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave

Phil Collins, Orianne Collins, and 5800 North Bay Road (Credit: Tim Chapman/Getty Images, and John Parra/Getty Images) Phil Collins may be singing the lyrics to his best-known hit these days, as he tries to evict his ex-wife and her ...

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  • 23 Oct
  • The Real Deal
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LA pushes past NY in CRE investment as deals surge nationwide

Data on third quarter CRE investments suggests a nationwide improvement, but Manhattan has been slow to recover (iStock) After the pandemic dramatically slowed commercial real estate deals across the U.S., the summer saw an ...

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  • 22 Oct
  • The Real Deal
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Rent collections in market-rate apartments stagnate in October

The National Multifamily Housing Council’s monthly payment tracker found that 90.6 percent of those households paid some rent by Oct. 20. (iStock) Rental payments for market-rate apartments are holding steady from September, but down ...

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  • 22 Oct
  • The Real Deal
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Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss

Floyd Mayweather & 5501 Pine Tree Drive, Miami Beach (Credit: Google Maps and Jun Sato/Getty Images) Professional boxer Floyd Mayweather Jr. sold his waterfront Miami Beach home for $6.3 million, taking a loss of over $1 million. ...

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  • 22 Oct
  • The Real Deal
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Benchmark’s Bill Gurley: We’ll now back startups without offices

Bill Gurley of Benchmark (Getty; Unsplash) No office, no problem, according to one of Silicon Valley’s major tech investors. In a concerning turn for commercial landlords hoping that tech companies will fill office buildings, Bill ...

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  • 22 Oct
  • The Real Deal
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EOS Investors pays $100M for Beverly Hills hotel seized from Jho Low

Jho Low and the hotel (Credit: Google Maps) EOS Investors is the buyer of a Beverly Hills hotel that the U.S. government seized from Malaysian financier Jho Low. The U.S. government sold the Viceroy L’Ermitage Beverly Hills Hotel in ...

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  • 22 Oct
  • The Real Deal
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Can iBuying go the distance?

When George Schneider decided to sell his home this spring, Opendoor made him an offer he couldn’t refuse. Schneider had paid $76,750 for his three-bedroom stucco house in the Phoenix suburbs a decade earlier. Opendoor, the iBuying ...

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  • 22 Oct
  • The Real Deal
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LA approves $200M in bonds for affordable housing projects

Weingart towers The Los Angeles City Council has approved $203 million in bond funding for six affordable and supportive housing projects in Skid Row and South L.A., among other areas. The Council approved the funding this week for a ...

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  • 22 Oct
  • The Real Deal
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Shadow Ventures launches crowdfunding for proptech startups

Shadow Ventures CEO KP Reddy (Linkedin) The latest in real estate crowdfunding: an accelerator aimed at helping early-stage proptech startups. Shadow Ventures, an Atlanta-based venture capital firm focused on real estate and ...

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  • 21 Oct
  • The Real Deal
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AMC faces serious cash crunch despite theaters reopening

AMC’s financial woes have left the movie theater chain strapped for cash and facing in-court restructuring of its liabilities. (iStock; Getty) Movie theaters are reopening across the country, but that may not be enough to save some of ...

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  • 21 Oct
  • The Real Deal
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