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Month: November 2020

Real estate industry in suspense as election hangs in balance

Joe Biden and Donald Trump (Illustration by The Real Deal) UPDATED, 2: 25 a.m., Nov. 4: The presidential election remained too close to call early Wednesday morning, leaving the future uncertain for the real estate industry. Polls in ...

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  • 03 Nov
  • The Real Deal
  • Uncategorized
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“Don’t let the zombies eat your brain.” Prop 21 opponents spend nearly $100M to campaign against rent measure

Michael Schall of Essex Property Trust and Michael Weinstein of AIDS Healthcare Foundation (Credit: Jerod Harris/Getty Images) “Don’t let the zombies eat your brain!” screamed one recent ad denouncing Proposition 21. “Renter alert!” ...

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  • 03 Nov
  • The Real Deal
  • Uncategorized
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Tishman Speyer, Suffolk back supply-chain startup

Maria Rioumine and Ryan Gibson (Agora, iStock) Building materials cost around $250 billion a year. To help keep spending in check, Tishman Speyer and Suffolk Construction have just backed a startup aimed at streamlining the supply ...

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  • 03 Nov
  • The Real Deal
  • Uncategorized
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Friendly’s files for bankruptcy, enters sales agreement

Friendly’s announced Sunday that it has filed for Chapter 11 bankruptcy (Getty) The Covid-19 pandemic hasn’t been friendly to Friendly’s. The restaurant chain announced Sunday that it has filed for Chapter 11 bankruptcy, according to a ...

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  • 03 Nov
  • The Real Deal
  • Uncategorized
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Core real estate funds delay investors from cashing out

Pension fund investors are seeking to take cash out of real estate funds as property values fall, like at Water Tower Place in Chicago (Photo via iStock; Wikipedia Commons) Pension fund investors are seeking to take cash out of real ...

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  • 03 Nov
  • The Real Deal
  • Uncategorized
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Skanska building its first ground-up LA development

A rendering of the project (Credit: SKANSKA via Commercial Observer) Skanska broke ground on an office building project in Beverly Hills, its first ground-up commercial development in Los Angeles. The 46,000-square-foot property at ...

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  • 03 Nov
  • The Real Deal
  • Uncategorized
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Real estate pros say Trump better for market than Biden: survey

Donald Trump and Joe Biden (Getty) Asked if Donald Trump or Joe Biden would be a better president for real estate, many industry professionals surveyed by The Real Deal picked the president, but more in some cities than others — and ...

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  • 03 Nov
  • The Real Deal
  • Uncategorized
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Corcoran axes broker who cursed at woman planting Biden signs

Roy Silber (Corcoran, Twitter/Women2DC, iStock) Corcoran Group severed ties with a broker who was filmed calling a woman a vile term and giving her the finger during a confrontation over political signs last weekend. Long Island woman ...

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  • 02 Nov
  • The Real Deal
  • Uncategorized
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Jeffrey Epstein’s Palm Beach house under contract

Jeffrey Epstein and 358 El Brillo Way (Getty, Corcoran Group) Spec home developer Todd Michael Glaser is under contract to buy the Palm Beach property owned by the late financier and convicted sex offender Jeffrey Epstein. The ...

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  • 02 Nov
  • The Real Deal
  • Uncategorized
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ByteDance inks massive data-center deals in US

ByteDance founder & CEO Zhang Yiming (Credit: Zheng Shuai/VCG via Getty Images) ByteDance, the parent company of social video platform TikTok, has leased an enormous amount of data-center space in a Virginia corridor known as ...

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  • 02 Nov
  • The Real Deal
  • Uncategorized
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