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Month: March 2021

CDC extends national eviction ban through June

CDC director Dr. Rochelle Walensky (Getty, iStock) A few days before its expiration, the national eviction ban was extended for another three months. The Center for Disease Control and Prevention announced Monday it will continue the ...

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  • 29 Mar
  • The Real Deal
  • Uncategorized
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Bidding war for Diplo’s Hollywood Hills home

Diplo and his Hollywood Hills home (Getty, Redfin) Diplo’s Hollywood Hills home wasn’t even on the market a week before the producer and deejay accepted an offer above his asking price. Diplo — whose real name is Thomas Pentz — sold ...

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  • 28 Mar
  • The Real Deal
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Development duo will pour $400M into Toronto multifamily rentals

Tricon CEO Gary Berman and Canada Pension Plan CEO John Graham (Tricon, CPP) A joint venture led by Canada’s largest pension fund is launching a $400 million joint venture to develop multifamily rentals around Toronto. Canada Pension ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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Intel to invest $20B in Arizona chip manufacturing campus

Intel CEO Pat Gelsinger and an aerial of the Arizona campus in Chandler, Arizona (Getty, Bussinesswire/Berkshire Hathaway) Computer chip giant Intel is making a big real estate investment in the area outside of Phoenix. The company ...

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  • 28 Mar
  • The Real Deal
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Government-linked housing scandal builds in South Korea

South Korean President Moon Jae-in, who vowed to crack down on corruption and curb real estate prices, is now dealing with a crisis involving the Korean Land and Housing Corporation. (Getty) A government-linked real estate scandal has ...

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  • 27 Mar
  • The Real Deal
  • Uncategorized
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Digital “land” in video games attracts NFT investors

NFT-based game The Sandbox is allegedly worth $37 million. (Getty, The Sandbox) The NFT craze is extending into digital “real estate,” which is now attracting millions of dollars from investors. In January, NFT investor Polyient Games ...

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  • 27 Mar
  • The Real Deal
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More than 1 in 5 company execs plan to slash office space

21% of company execs say they plan to reduce office space. (Getty) Even as Covid vaccinations bring a return-to-office closer to fruition, more companies are expecting to reduce their real estate footprints. A recent survey conducted ...

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  • 26 Mar
  • The Real Deal
  • Uncategorized
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Prodigy Network files for bankruptcy as lawsuits mount

84 William St, NY and 1400 N. Orleans St, Chicago (Google Maps, iStock) The beleaguered real estate crowdfunding company Prodigy Network filed for bankruptcy on Thursday as lawsuits pile up and its properties head into foreclosure. ...

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  • 26 Mar
  • The Real Deal
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$500M “healthy living” campus project in Redondo Beach slims down

Beach Cities Health District CEO Tom Bakaly and renderings of the Redondo Beach campus. (BCHD) The Beach Cities Health District is taking a machete to its planned $500 million “Healthy Living Campus” project in Redondo Beach. The new ...

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  • 26 Mar
  • The Real Deal
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LaSalle sews up Beverly Hills medical office for $75M

9033 Wilshire Boulevard (Google Maps) LaSalle Investment Management paid $74.4 million for a five-story medical office building in Beverly Hills. Seller UBS Realty Investors took a slight loss on the deal for the building at 9033 ...

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  • 26 Mar
  • The Real Deal
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