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Month: April 2021

WeWork will accept Bitcoin for membership fees

WeWork CEO Sandeep Mathrani. (Getty, WeWork) WeWork will begin to accept cryptocurrency, including Bitcoin and Ethereum, as a form of payment for its workspaces. The company announced Tuesday that customers can use the currency to pay ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Rihanna pays $10M for 2nd Beverly Hills home

Rihanna and the home in Beverly Hills Post Office (Getty, Google Maps) Rihanna has added to her growing L.A. real estate portfolio with a second home in Beverly Hills, next door to the one she bought in March. For the latest purchase, ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Let there be light: Atlas Capital will overhaul windowless Pasadena office block

Rendering of the new Pasadena office and existing building inset. (JLL, 101 South Marengo) A year after Atlas Capital Group paid $72 million for a massive, windowless office complex in Pasadena, the firm has embarked on a complete ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Jeffrey Epstein’s Palm Beach mansion is being demolished

The property at 358 El Brillo Way, Todd Michael Glaser, Jeffrey Epstein (Google Maps, Getty/Illustration by Kevin Rebong for The Real Deal) Jeffrey Epstein’s Palm Beach mansion is turning to rubble. Developer Todd Michael Glaser, who ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Inside Rich Barton’s quest to dominate homebuying

Rich Barton The lights were dimmed. Soft music played in the background as Dan Levy, clad in paisley pajamas, parted his lips and tossed his head. “I need a new fantasy,” he moaned. “Are you in your 30s? You need something new,” a ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Garcetti’s wishlist for LA includes expanded rent relief

Mayor Eric Garcetti (Getty, County of Los Angeles) Los Angeles Mayor Eric Garcetti’s post-pandemic priorities include expanding rent relief for tenants and landlords, and awarding small business grants, along with plowing nearly $1 ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Fannie, Freddie say housing market could see slight hiccup

Freddie Mac’s economists said the slowdown will be caused by a hike in mortgage rates and limits on housing supply. (iStock) The red-hot housing market could be heading for a slight slowdown, according to Fannie Mae and Freddie Mac. ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Great Value Storage files for bankruptcy to stop foreclosure

Nate Paul of World Class Holdings (Facebook/GreatValueStorage, iStock) Nearly two years after the FBI raided the offices of Great Value Storage’s founder, the company has filed for bankruptcy. The firm, led by Austin-based developer ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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Editor’s note: Survival of the retro-fittest

Stuart Elliott It’s a golden age for golden ages. We are sitting at home during the so-called golden age of TV, with enough quality streaming to last us several pandemics. And there will probably be a golden age of partying and travel ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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Tesla inks big lease on office/warehouse in Santa Monica

Tesla’s new property is 82,000 square feet. (Getty, Daum Commercial) Elon Musk may be pivoting to Texas, but his electric car company is still expanding in Los Angeles. Tesla signed a five-year lease for an 82,000-square-foot warehouse ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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