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Month: January 2021

Real estate prices fell more in Manhattan than anywhere else in 2020

Clockwise from top left: Seattle, Boston and New York City (Photo Illustration by Kevin Rebong for The Real Deal) Real estate prices in the U.S. have risen at a steady pace since the last recession, and even a pandemic didn’t slow ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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These startups want to guarantee your rent

From left: Flex’s Shragie Lichtenstein, Piñata’s Lily Liu, NestEgg’s Eachan Fletcher and Till’s David Sullivan As millions of Americans struggle to pay their rent on time, investors are betting on a crop of startups to help landlords ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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Outdoor dining to return in LA County this week

(iStock) Outdoor dining is set to return in Los Angeles County by the end of the week, officials said Monday, following the state’s lifting of stay-at-home orders. Several other types of activities and businesses can resume at 50 ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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Target’s expansion continues with takeover of old Kmart stores

As of November, Target had 1,897 stores nationwide. (iStock)   Target has scooped up five Kmart stores as the big-box chain continues to defy the financial havoc brought on by the pandemic. Transformco Properties — the parent of Kmart ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Steve Wynn rolls dice with $110M mansion listing

Steve Wynn and 1210 Benedict Canyon Drive (Getty, Compass) Disgraced casino mogul Steve Wynn is looking for a big payday in Beverly Hills. The billionaire is asking $110 million for his expansive mansion on Benedict Canyon Drive, ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Hard money, hard decisions: Nonbank lenders face pressure to deal with problem loans

(Photo illustration by The Real Deal) Downtown Capital Partners, an alternative lender based in White Plains, New York, fired off a note to All Year Management and its founder, Yoel Goldman, last month: Cough up tens of millions of ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Hospitality startups pick at carnage of failed rivals

(Photo illustration by The Real Deal) Almost everything has remained the same at 70 Pine Street — the oak floors, modern furnishings and colorful art — except for the short-term rental startup operating its 132 rooms. After six years ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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AvalonBay, Abode chosen to redevelop West LA Civic Center

Abode’s Robin Hughes and Avalon’s Tim Naughton with a rendering of the project (iStock) AvalonBay Communities and Abode Communities will redevelop the eight-acre West Los Angeles Civic Center site, a sprawling mixed-use project that ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Newsom lifts stay-at-home orders but will restaurants reopen?

Gov. Gavin Newsom (Getty, iStock) UPDATED, January 25, 2021, 10:51 a.m.: Gov. Gavin Newsom on Monday lifted stay-at-home orders across the state, which could lead the way to loosening restrictions on restaurants and gyms. But with ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Big sale in Big Easy: Four Seasons penthouse sale breaks record

Donald T. Bollinger and the Four Seasons New Orleans (Getty, Four Seasons) The $13 million penthouse sale at the soon-to-open Four Seasons New Orleans Hotel and Private Residences is the priciest condo deal ever in the Big Easy. ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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