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Month: November 2020

CBRE latest real estate firm to hop on SPAC bandwagon

CBRE CEO Robert Sulentic (Getty, iStock) Another major real estate firm is hopping on the SPAC bandwagon. CBRE, the world’s largest real estate services firm, has formed a blank-check company, called CBRE Acquisition Holdings. The new ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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South Florida office landlords are offering sweeteners to lure tenants amid the pandemic

Javier Lopez and 2525 Ponce de Leon Boulevard, Coral Gables (Credit: Google Maps) As the date approached to renew their office lease in Coral Gables, Javier Lopez and his partners at the Kozyak Tropin & Throckmorton law firm ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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National Association of Realtors cracks down on hate speech

(Getty, iStock) It’s no secret that the path to homeownership can involve discrimination towards prospective buyers. After a marked rise in racist and homophobic slurs and threats by its members on their personal social media accounts, ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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New York’s Covid-fueled retail apocalypse hits condo and co-op owners

(Getty, iStock) As luxury stores remain shuttered, the pandemic and economic fallout are sparking a rift among owners of residential and retail property in one of the country’s top real estate markets. For many condominium and co-op ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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Caltech wants to build 80K sf mass timber research lab

Thomas F. Rosenbaum, Caltech President, and a rendering of the project The California Institute of Technology wants to build an 80,000-square-foot research laboratory on the east side of its Pasadena campus. Plans for the Resnick ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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Here’s where real estate leaders put their money in 2020 election cycle

George Marcus, Sheldon Adelson and Stephen Schwarzman (Marcus & Millichap, Getty) The presidential election captured the most attention but it was just one of the races that top real estate brokers, developers and industry ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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CrowdStreet launches e-commerce property fund

CrowdStreet CIO Ian Formigle and CEO Tore Steen (CrowdStreet) UPDATED: Nov. 9, 9:15 p.m.: To meet the surge in demand for last-mile real estate, CrowdStreet is launching an e-commerce property fund. The Portland, Oregon-based ...

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  • 09 Nov
  • The Real Deal
  • Uncategorized
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Lame-duck Congress will resume stimulus package talks

President elect Joseph Biden with Mitch McConell, President Trump and Nancy Pelosi (Getty) After several long days of vote counting last week, former Vice President Joe Biden emerged as the president-elect, Republicans gained more ...

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  • 09 Nov
  • The Real Deal
  • Uncategorized
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Sapir Corp CEO Amir Richulsky resigns

Alex Sapir and Amir Richulsky (Sapir Corp, iStock) After about half a year as Sapir Corp’s CEO, Amir Richulsky is leaving for another firm. The developer announced Richulsky’s resignation in a Sunday filing on the Tel Aviv Stock ...

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  • 09 Nov
  • The Real Deal
  • Uncategorized
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Office, apartment REITs get shot in the arm from vaccine news

(Getty, iStock) New York office and apartment landlords received a rare shot of good news Monday with Pfizer’s announcement that it’s getting closer to developing an effective Covid-19 vaccine. An early analysis found that Pfizer’s ...

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  • 09 Nov
  • The Real Deal
  • Uncategorized
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