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Month: January 2021

DC Ritz-Carlton penthouse seeks record-breaking price

The penthouse at 3150 South Street in Washington, D.C. (Photos via Redfin; Homevisit) A penthouse at the Ritz-Carlton Georgetown in Washington, D.C., is hitting the market for $18 million. If it sells near that price, the ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Ready players: 5M-sf e-sports complex rises in Shanghai

(Super Gen via Twitter/ArjunKharpal, Getty)   A nearly 5.4-million-square-foot e-sports complex will be built in Shanghai, meant to solidify the city as the center of the competitive gaming industry. Work has begun on the Shanghai ...

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  • 16 Jan
  • The Real Deal
  • Uncategorized
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Sun Life Financial unit pays $700M for Tokyo office tower

BentallGreenOak’s Dan Klebes and Avex Group’s headquarters (Photos via Avex; BentallGreenOak) BentallGreenOak isn’t wasting any time putting into action its plan to spend billions on Japanese real estate. The unit of Canadian insurance ...

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  • 16 Jan
  • The Real Deal
  • Uncategorized
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Here’s what tenants are paying at Torrance Towne Center mall

(Google Maps)   The 260,000-square-foot Torrance Towne Center retail complex boasts a prime location in southern Los Angeles county, sitting at the intersection of Crenshaw Boulevard and the Pacific Coast Highway. The city of Torrance ...

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  • 15 Jan
  • The Real Deal
  • Uncategorized
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Real estate stocks hold gains even as market doesn’t

News of President-elect Biden’s $1.9T stimulus plan held promise for employment and economic activity. (Getty) Real estate stocks ended the week in positive territory while the broader market gave up its gains after President-elect Joe ...

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  • 15 Jan
  • The Real Deal
  • Uncategorized
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Retail rent collections rebound to 90%

Before the pandemic, national tenants paid 94 percent of rent. (Getty)   The pandemic has exacerbated the retail sector’s pre-existing problems, deteriorating rent collections and forcing landlords to make compromises with their ...

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  • 15 Jan
  • The Real Deal
  • Uncategorized
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Beyond Meat inks 280K sf lease at Hackman’s 888 Douglas

Beyond Meat founder and CEO Ethan Brown, Hackamn Capital Partner’s Michael Hackman and renderings of 888 Douglas. (Beyond Meat, Hackman, 888 Douglas)   In a work-from-home-world, Beyond Meat still thinks there’s no substitute for the ...

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  • 15 Jan
  • The Real Deal
  • Uncategorized
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Texas Realtor faces criminal charges for role in Capitol attack

Jenna Ryan was part of a group who flew on a private plane from Denton, Texas, to Washington, D.C., with the intention of joining the protestors (Twitter.com/DotJenna) A Texas real estate agent is facing criminal charges for her ...

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  • 15 Jan
  • The Real Deal
  • Uncategorized
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Porch snaps up four startups for over $122M

Porch CEO Matt Ehrlichman (iStock) Porch isn’t wasting time on the acquisition front: Just three weeks after going public, the home-services startup scooped up four companies for $122 million. The Seattle-based company said it inked a ...

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  • 15 Jan
  • The Real Deal
  • Uncategorized
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NBA owes Moinian $7.5M in rent for Fifth Ave store

Joseph Moinian and the NBA Store at 545 Fifth Ave. (Google Maps, iStock) UPDATED, Jan. 15 2020, 4:15 p.m.: Talk about a foul: The NBA Store at 545 Fifth Avenue, which has remained closed throughout the pandemic, now owes $7 million to ...

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  • 15 Jan
  • The Real Deal
  • Uncategorized
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