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Month: November 2020

FTC sues to stop CoStar’s $585M RentPath buy

CoStar CEO Andy Florance and FTC chairman Joseph Simons (CoStar; Getty) Federal regulators are looking to block CoStar’s $588 million purchase of troubled rental listing platform RentPath, which operates Rent.com and ForRent.com. The ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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“Casino Loyale”: Developers, ex-LA deputy mayor indicted in Huizar corruption scandal

Shenzhen New World chairman Wei Huang and former City Councilman José Huizar (Getty) Real estate developers and a former Los Angeles deputy mayor have been charged in the two-year-long corruption case centered around ex-L.A. City ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Ryan Seacrest reaches for stars with $85M Beverly Hills listing

Ryan Seacrest and 1196 Cabrillo Drive (Getty) This…is a big listing. “American Idol” host Ryan Seacrest has put his Beverly Hills home on the market for $85 million, more than twice what he paid for it in 2012. The listing is the ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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David Geffen sells “Billionaires Row” dev site for $34M

David Geffen and 1169 N. Hillcrest Road (Getty, Google Maps) Billionaire entertainment mogul David Geffen sold a development site in Beverly Hills for $33.8 million, more than a year after he bought the mansion-ready property, The Real ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Pending home sales fall again as prices continue to rise

Second monthly decline in contract activity signals looming decline in U.S. home sales (iStock) In another indication of a potential slowdown in the country’s hot housing market, an index tracking pending home sales declined for the ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Alliant Capital, Strategic Realty propose 148-unit complex in Canoga Park

Strategic’s Edward Lorin and Alliant’s Shawn Horowitz with the property (Linkedin, Alliant, Google Maps) A joint venture wants to build a 148-unit apartment complex in Canoga Park, near fast-developing Warner Center. Alliant Capital ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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CBRE lowers SPAC IPO valuation target to $350M

CBRE CEO Robert Sulentic (iStock) CBRE Acquisition Holdings, a blank-check company formed by CBRE Group, has lowered the target deal size for its upcoming initial public offering to $350 million, according to a filing with the Security ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Former J. Crew CEO Mickey Drexler sells Idaho estate

Former J. Crew CEO Mickey Drexler and 760 N Walnut Ave, Ketchum (Getty; Realtor) Former J. Crew CEO Mickey Drexler sold his Idaho estate and a pair of neighboring lots for $11 million. The property hit the market last year asking $13.9 ...

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  • 29 Nov
  • The Real Deal
  • Uncategorized
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Singapore luxury market rebounds despite fewer foreign buyers

Singapore (iStock) Singapore’s housing market has rebounded from the lows brought on by the pandemic earlier this year, even with fewer foreign buyers. Since January, 2,177 apartments have sold in central Singapore, compared to 1,797 ...

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  • 29 Nov
  • The Real Deal
  • Uncategorized
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In remote work world, some tech CEOs are leaving Bay Area

San Francisco (iStock) Tech industry workers aren’t the only ones leaving San Francisco for new digs. So are their bosses. Several industry CEOs are leaving the Bay Area as their companies announce they’ll embrace remote working, even ...

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  • 29 Nov
  • The Real Deal
  • Uncategorized
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