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Month: February 2021

Sorry, but Bieber takes loss on Beverly Hills home sale

Justin Bieber and Hailey Baldwin with 1710 Tropical Avenue (Getty, Redfin) Bieber and Baldwin have officially left Beverly Hills. Justin Bieber and wife, Hailey Baldwin, sold their 6,000-square-foot home for a hair under $8 million, ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Redfin to publicize flood risk data for all listings

Redfin CEO Glenn Kelman (Ars Technica, iStock/Illustration by Kevin Rebong for The Real Deal) UPDATE, Feb. 19 2021, 3:30 p.m.: Redfin began publishing flood risk data for millions of homes listed on its platform this week, six months ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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When Compass comes clawing: How the firm’s contracts lock agents in

(Photo illustration by Paul Dilakian) The nightmare began a year ago. After rebuffing Compass for several years, a New York agent finally gave into temptation. “They sold the dream,” said the agent, who spoke on the condition of ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
  •  1

Hudson Pacific office occupancy still below 25%

Hudson Pacific Properties CEO Victor Coleman with his LA office building The Harlow. (Hudson Pacific)   The 279,000 square feet of office space that Hudson Pacific Properties inked in the fourth quarter was the firm’s highest total of ...

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  • 18 Feb
  • The Real Deal
  • Uncategorized
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Editor’s note: Clawbacks, SPAC attacks … and Barney

Stuart Elliott Compass brokers vomiting over clauses in their contract. The “Barney” theme song being used to torture homeless people. A SPAC-backed company being valued at 86 times its revenue. This month’s magazine shows there is a ...

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  • 18 Feb
  • The Real Deal
  • Uncategorized
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TRD Tips: Citizens Bank’s Ace Watanasuparp on mortgages during Covid-19

Mortgage interest rates may be on the rise again, but for the past year, they were trending downward, with each week seeming to hit yet another record low. So what does this mean for homebuyers? Ace Watanasuparp, Senior Vice President ...

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  • 18 Feb
  • The Real Deal
  • Uncategorized
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Discount brokerages launch fresh attacks on size of residential fees

American broker fees are among the highest in the world. (Getty)   The age-old question of what justifies broker fees often comes up as people embark on buying or selling their homes — and discount brokerages are egging on the ...

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  • 18 Feb
  • The Real Deal
  • Uncategorized
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Knock, a CRM for landlords, raises $20M

Knock co-founders Tom Petry and Demetri Themelis (Photos via Knock) Knock, which bills itself as the “front-office tech stack” for apartment landlords, has raised $20 million in growth equity to accelerate the rollout of new products, ...

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  • 18 Feb
  • The Real Deal
  • Uncategorized
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Mortgage rates tick up again

(iStock) Mortgage rates keep climbing. The average 30-year, fixed-rate loan last week was 2.81 percent, compared to 2.73 percent the previous week. That’s the highest since November and 16 basis points above the record low of 2.65 ...

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  • 18 Feb
  • The Real Deal
  • Uncategorized
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88-unit Koreatown apartment complex planned

A rendering of the 88-unit apartment complex in Koreatown (Rendering via Kevin Tsai Architecture) A developer is planning an 88-unit apartment complex in Koreatown, a neighborhood that continues to see steady construction despite the ...

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  • 18 Feb
  • The Real Deal
  • Uncategorized
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