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Month: February 2021

Obama Presidential Center project clears federal review

Former President Barack Obama and a rendering of the Obama Presidential Center (Getty) More than four years after plans were unveiled to build the Obama Presidential Center in Jackson Park, a federal review of the project has been ...

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  • 04 Feb
  • The Real Deal
  • Uncategorized
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Global real estate investment bounced back in Q4

(iStock/Illustration by Alexis Manrodt for The Real Deal) Global commercial real estate investment ended 2020 on a strong note, with deal volume rising 84 percent in the final three months of the year following a drastic slowdown early ...

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  • 04 Feb
  • The Real Deal
  • Uncategorized
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Cypress Equity plans 115-unit resi complex in Santa Monica

Michael Sorochinsky and a rendering of 528 Arizona (DFH Architects via Cypress) Cypress Equity Investments wants to build a 115-unit apartment building in Santa Monica, adding to projects the firm has in the works there and throughout ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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Real estate deal prompted resignation of Trump’s longtime banker

Donald Trump and Rosemary Vrablic (Getty/Illustration by Kevin Rebong for The Real Deal) New details about the resignation of former President Donald Trump’s longtime personal banker at Deutsche Bank were revealed Wednesday in a ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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A Simon mall falls to foreclosure

Simon Property Group CEO David Simon and Town Center at Cobb Mall (Getty, Google Maps, iStock/Illustration by Alexis Manrodt for The Real Deal) Simon Property Group has lost control of a mall in suburban Atlanta, more bad news for one ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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LeaseLock raises $52M for security-deposit alternative

LeaseLock founders Reichen Kuhl, Derek Merrill (Photos via LeasLock; iStock/Illustration by Kevin Rebong for The Real Deal) The pressure is on to ditch rental security deposits. California-based LeaseLock is the latest startup to raise ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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Vice Media co-founder Shane Smith wants $50M for SaMo mansion

Shane Smith and his Santa Monica estate (Photos via Getty; The Agency) Shane Smith, the trailblazing and controversial co-founder of Vice Media, wants $50 million for his 3.4-acre Santa Monica estate. The asking price easily makes it ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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Invesco signs defense tech firm to one of OC’s biggest office leases

Anduril’s Palmer Luckey, SteelWave CEO Barry DiRaimondo and Invesco Real Estate CEO R. Scott Dennis with a rendering of the property (Getty, Steelwave) Invesco Real Estate and SteelWave have signed a defense technology firm to a ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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Low rates give home refinancings a boost

(iStock/Illustration by Kevin Rebong for The Real Deal)   The average home acquisition loan inched a little bit closer to $400,000 last week while overall purchase volume lagged. But lower interest rates drove refinancing activity. An ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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Amazon’s real estate footprint grew leaps and bounds in 2020

Jeff Bezos (Getty, Amazon/Illustration by Alexis Manrodt for The Real Deal) It’s a new era for Amazon. Jeff Bezos is stepping down as CEO of the company and transitioning to executive chair of the Amazon Board. Andy Jassy, chief ...

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  • 02 Feb
  • The Real Deal
  • Uncategorized
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