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Month: March 2021

Kawhi Leonard’s $17M Pacific Palisades buy marks 3rd SoCal home

Kawhi Leonard and his Pacific Palisades (Getty, Redfin, iStock) Los Angeles Clippers star Kawhi Leonard paid $17.1 million for a Pacific Palisades mansion, making it his third Southern California home. The 11,815-square-foot home on ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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Cerberus Capital, Stonemont Financial form $1B domestic industrial venture

Cerberus co-CEO Stephen Feinberg and Stonemont CEO Zack Markwell (iStock) Stonemont Financial Group and an affiliate of Cerberus Capital Management LP have formed a joint venture to invest in the white-hot logistics sector. The ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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More Americans are buying homes in Tel Aviv

By some counts, applications from Americans to move to Tel Aviv more than doubled year-over-year in 2020. (Getty) The pandemic has sent some Americans with the means searching for bigger homes and more space. But some are also looking ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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Huge Soho loft seen on “The Real World” goes in contract

The first season of The Real World was set in this iconic Broadway loft. (Brown Harris Stevens, MTV Vault via YouTube) A historic Manhattan home that architect Philip Johnson once called “the most beautiful loft in Soho” is finally in ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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Land conservation scheme cheated IRS out of $250M: feds

Land conservation scheme cheated IRS out of $250M (Getty) Federal prosecutors allege that participants in a tax fraud scheme involving green space conservation deductions cheated the IRS out of $250 million. In December, two brothers ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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World’s first NFT “digital house” sells for over $500K

Krista Kim’s “Mars House” (Vimeo via Krista Kim) Is it a house? Is it art? Is it merely a string of code? Whatever you want to call “Mars House,” it just sold for more than half a million dollars. Toronto-based artist Krista Kim was ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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Bubble trouble? Canada’s hot housing market raises concern

Canadian housing market could be headed to bubble territory (Getty) Canada’s sizzling housing market has again raised concern about a bubble in a country where mortgages make up one of the biggest consumer debt piles in the world. Home ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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The Closing: Gil Dezer

Gil Dezer (Photos by Sonya Revell) Any screenwriter who pitched the character of Gil Dezer to a Hollywood studio would be laughed out of the room. A chain-smoking, gold chain-wearing, foul-mouthed developer who owns the Aston Martin ...

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  • 19 Mar
  • The Real Deal
  • Uncategorized
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PG&E among utilities looking to cut subsidies on solar homes

PG&E CEO Patricia K. Poppe, San Diego Gas & Electric CEO Caroline Winn and Southern California Edison CEO Kevin M. Payne. (Getty, PG&E, SDGE, Edison) PG&E and two other large California utilities want the state to ...

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  • 19 Mar
  • The Real Deal
  • Uncategorized
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Landlords shun federal rent relief over program requirements

(iStock/Illustration by Kevin Rebong for The Real Deal) The federal government wants to give landlords and tenants $50 billion to help keep renters in their homes — but some of those property owners are turning down the funding that ...

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  • 19 Mar
  • The Real Deal
  • Uncategorized
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