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Month: March 2021

Multifamily landlord JRK Property pays $91M for Glendale complex

JRK CEO Jim Lippman and The Harrison Glendale. (Molasky, Twitter via Jim Lippman) Multifamily landlord JRK Property Holdings paid $90.7 million for a 164-unit complex in Glendale. The purchase was made through a 1031 exchange in an ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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Flood costs are highest in formerly redlined areas

(Getty, iStock) Flooding costs U.S. homeowners billions of dollars every year, and new data shows that those costs are highest in areas that were previously redlined, Bloomberg CityLab reported. The analysis, compiled by Redfin using ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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Rihanna drops $14M on Beverly Hills mansion

Rihanna and her Beverly Hills home (Getty) Rihanna found love — in Beverly Hills. The singer and mogul behind Fenty Beauty and Savage X Fenty dropped $13.8 million on a 7,600-square-foot mansion, according to Dirt. The home sits near ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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Did pandemic really trigger mass exodus from California?

A prevailing narrative of the pandemic has been that more Californians have left the state, and moved to places with lower taxes, cheaper housing and more space. But is it true? Well, it’s complicated. From October through December, ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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Blackstone, Starwood strike $6B deal for Extended Stay America

Blackstone CEO Stephen Schwarzman, and Starwood CEO Barry Sternlicht (Getty) A long-in-the-works deal for an extended-stay hotel chain is finally coming to fruition. Blackstone Group and Starwood Capital Group have acquired Extended ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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Serena Williams lists Beverly Hills mansion; may be eyeing Montecito

Serena Williams and her Beverly Hills home (Getty, Redfin, iStock) Tennis great Serena Williams is looking to sell her Beverly Hills Post Office home. The 23-time Grand Slam winner and her husband, Alex Ohanian, are asking $7.5 million ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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Newmark’s bid to acquire Knotel is nearly complete

Knotel CEO Amol Sarva and Newmark CEO Barry Gosin (Sarva via Sasha Maslov; Gosin via Getty) Newmark’s bid to acquire Knotel is nearly complete. The bankrupt flex-office provider was scheduled to be sold on Friday afternoon in an ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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Jeffrey Epstein’s Palm Beach house sells for $19M

Jeffrey Epstein and 358 El Brillo Way (Getty, Corcoran Group) The former Palm Beach home of convicted sex offender Jeffrey Epstein sold to developer Todd Michael Glaser for $18.5 million. The closing follows news that Epstein’s former ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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LA restaurants, movies, gyms now open for — indoor — business

Movie theaters are among the businesses that are allowed to reopen. (Getty) Los Angeles County businesses reopened Monday for indoor dining, working out, movie watching and more. California health officials last week set new criteria ...

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  • 15 Mar
  • The Real Deal
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California contractors still report Covid-related disruptions

(iStock) California contractors are still feeling the pandemic’s impact on business. Firms responding to a survey by the Associated General Contractors of America said Covid-related delays and disruptions continue, according to the Los ...

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  • 15 Mar
  • The Real Deal
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