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Month: March 2021

Swiss banker’s sentence slashed in alleged $1B Venezuelan money laundering scheme

Matthias Krull (Linkedin, iStock, US District Court – Sourthern District of Florida/Illustration by Alexis Manrodt for The Real Deal) A Swiss banker’s sentence was cut for his role in an alleged $1 billion international money ...

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  • 24 Mar
  • The Real Deal
  • Uncategorized
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Malibu 92065: Pandemic propels LA’s hottest housing market

(Getty, iStock/Illustration by Alexis Manrodt for The Real Deal) When Jack Pritchett scored the listing for a 2,300-square-foot home in Malibu, he thought he had a decent property on his hands. A mile north of the Pacific Coast ...

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  • 24 Mar
  • The Real Deal
  • Uncategorized
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LA County commits $10M to landlords for homeless housing program

(Getty, iStock) Los Angeles County committed $10 million to a program that would provide incentives to landlords who allocate entire buildings to house homeless people with vouchers. The owners of 10 buildings with 373 units total have ...

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  • 24 Mar
  • The Real Deal
  • Uncategorized
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In-N-Out: Burger chain billionaire relists Bradbury mansion

Lynsi Snyder’s property was last listed for just short of $20 million. (Getty, Realtor.com) In-N-Out Burger’s billionaire owner and granddaughter of the founders relisted her Bradbury Estates mansion for $16.8 million. The price tag ...

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  • 24 Mar
  • The Real Deal
  • Uncategorized
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Developers see green in turning golf courses into warehouses

A photo illustration of the Broadmoor Golf Course in Oregon (Broadmoor, iStock) It’s a hole-in-one for warehouse developers. Builders have been turning golf courses into warehouse locations as the industrial space boom continues, ...

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  • 24 Mar
  • The Real Deal
  • Uncategorized
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Storage-sharing startup Neighbor snags $53M in Series B

Neighbor.com CEO Joseph Woodbury. A company looking to become the Airbnb for storage has raised $53 million in a Series B funding round. Neighbor.com, founded in 2017, allows users to rent out storage space in their properties. The ...

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  • 24 Mar
  • The Real Deal
  • Uncategorized
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LA’s $235M rent relief program goes live March 30

Mayor Eric Garcetti (Getty, iStock) The city of Los Angeles is launching its $235.5 million rent relief program on March 30, opening applications for both landlords and tenants. While the pool of funds is twice as large as the city’s ...

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  • 24 Mar
  • The Real Deal
  • Uncategorized
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Miami condo craze returns as developers look to seize the moment

A rendering of Baccarat Miami With half the business elite seemingly moving to Miami, South Florida’s residential developers are betting that migration momentum will overcome even the market’s significant supply glut.    They’re ...

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  • 23 Mar
  • The Real Deal
  • Uncategorized
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Modular housing startup Veev raises $100M to build homes faster, cheaper

Veev CEO Amit Hallar (Veet, iStock) Modular home builder Veev has raised $100 million to further its goal of speeding up residential construction. The startup, which uses prefabrication and 3D printing, raised the new cash on TASE UP, ...

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  • 23 Mar
  • The Real Deal
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Jordana Reuben buys massive Beverly Hills estate at a big discount

The property includes a large model train that spans the yard. (Getty, Zillow) Jordana Reuben Yechiel, daughter of real estate mogul David Reuben, paid $29.4 million for a massive Beverly Hills estate that had been on the market for ...

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  • 23 Mar
  • The Real Deal
  • Uncategorized
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