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Month: November 2020

This Side up: White label brokerage plucks luxury team from Compass

Dana Olmes and Jeffery Biebuyck (Getty, Dana and Jeff Luxury Homes) White label brokerage Side has plucked a seven-member luxury agent team from Compass in Los Angeles County, focusing on the gated Hidden Hills enclave and surrounding ...

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  • 17 Nov
  • The Real Deal
  • Uncategorized
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Ric Clark and Tod Waterman launch investment firm

Brookfield Property Partners chairman Ric Clark and former Tishman Speyer executive Philip “Tod” Waterman (Getty; LinkedIn) Brookfield Property Partners chairman Ric Clark is partnering with former Tishman Speyer executive Philip “Tod” ...

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  • 17 Nov
  • The Real Deal
  • Uncategorized
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Developers proposing fewer projects during pandemic

Construction on the Hotel Tower at The Grand in downtown Los Angeles (Mel Melcon/LAT/Getty) The coronavirus pandemic hasn’t stopped construction in Los Angeles County, but it has made it harder to find financing for new projects. ...

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  • 17 Nov
  • The Real Deal
  • Uncategorized
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Marc Anthony lists waterfront Coral Gables mansion for $27M

Marc Anthony and 300 Costanera Road (Getty, Mint Studios Miami) Marc Anthony listed his sprawling Coral Gables estate for $27 million. The Grammy-winning singer-songwriter, whose real name is Marco Muñiz, is looking to sell the ...

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  • 17 Nov
  • The Real Deal
  • Uncategorized
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Statewide Covid spike forces more businesses to close

Gov. Gavin Newsom (Getty) A wide array of indoor businesses across California will close or operate at reduced capacity as part of the state’s latest measures to counter the recent spike in Covid cases. The rapid rise in cases has led ...

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  • 17 Nov
  • The Real Deal
  • Uncategorized
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Blackstone partners with Worthe Real Estate on 500K sf office tower

Burbank Studios with Blackstone’s Nadeem Meghji and Jeffrey Worthe (Google Maps) Blackstone Group and Worthe Real Estate Group plan to develop a 500,000-square-foot office tower near Burbank and Warner Bros. studios, as companies like ...

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  • 17 Nov
  • The Real Deal
  • Uncategorized
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U.S. retail spending slows but still higher than last year

American shoppers spent $553.3 billion in October (Getty) Americans are spending more money than they did at this time last year — and even last month — but the trend may slow as Covid-19 cases spike throughout the country. According ...

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  • 17 Nov
  • The Real Deal
  • Uncategorized
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Inside Airbnb’s IPO pitch

Airbnb CEO Brian Chesky (Getty) Airbnb is pitching investors with a story of resilience, despite steep losses and an uncertain path to profitability. The S-1 prospectus of the home-share startup was made public Monday, 12 years after ...

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  • 16 Nov
  • The Real Deal
  • Uncategorized
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NexPoint Advisors buys self-storage company for $900M

NexPoint Advisors president James Dondero and Jernigan Capital CEO John Good (Photos via NexPoint; Jernigan) NexPoint Advisors has acquired Jernigan Capital, a large owner of and capital provider to self-storage facilities, for about ...

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  • 16 Nov
  • The Real Deal
  • Uncategorized
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More than 50% of home sales see bidding wars: Redfin

In October, Redfin agents handled a bidding war in 56.8 percent of home sales (iStock) The bidding wars rage on. In October, Redfin agents handled a bidding war in 56.8 percent of home sales, according to Mansion Global. Although ...

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  • 16 Nov
  • The Real Deal
  • Uncategorized
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