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Month: March 2021

Compass lost $270M in 2020, revenue up 56% : IPO filing

Robert Reffkin (Getty, Securities and Exchange Commission) On the verge of going public, Compass disclosed it earned $3.7 billion in revenue last year but lost $270 million, according to an investor prospectus it filed Monday. The IPO ...

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  • 01 Mar
  • The Real Deal
  • Uncategorized
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U.S. mall values fall 60% after appraisals

Many of the lower-tier malls that will be sold will likely be redeveloped into something else. (Getty) The suburban mall that you frequented as a teenager could now be worth substantially less than the dirt underneath it. U.S. mall ...

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  • 01 Mar
  • The Real Deal
  • Uncategorized
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CoStar ups its bid to acquire CoreLogic

  Photo illustration of CoStar Group CEO Andrew Florance (iStock, Getty/Illustration by Kevin Rebong for The Real Deal) The fight for the future of CoreLogic continues. CoStar Group upped its offer to acquire the real estate data ...

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  • 01 Mar
  • The Real Deal
  • Uncategorized
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“Stuck With U” songwriter drops $13M for Beverly Hills manse

Freddy Wexler and his new Beverly Hills home. (Getty, Jade Mills Estates) Songwriter Freddy Wexler is the new owner of an 8,155-square-foot mansion in Beverly Hills Flats. The 34-year-old paid $12.8 million for the nine-bedroom, 8.5 ...

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  • 01 Mar
  • The Real Deal
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Construction spending hits new record in January

Homebuilding is largely responsible for the increase in construction spending. (Getty / Photo Illustration for The Real Deal) U.S. construction spending reached the highest level on record last month as both local and federal ...

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  • 01 Mar
  • The Real Deal
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Westside apartment portfolio fetches $73M

Two buildings in the apartment portfolio (Google Maps, iStock) A portfolio of eight Westside apartment properties traded hands for $72.7 million. Property records show the seller was BG I Properties LLC, a Beverly Hills-based entity ...

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  • 01 Mar
  • The Real Deal
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