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Month: May 2021

Demand for short-term rentals surges past pre-pandemic levels

April’s occupancy levels climbed to 61.6 percent, above March’s 60.9 percent. (iStock) It’s gearing up to be the best summer ever — for short-term vacation rentals. Last month, demand for short-term rentals was 5.4 percent greater than ...

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  • 14 May
  • The Real Deal
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Here’s where homes virtually sold out in the pandemic

Cape Cod and the Jersey Shore suffered among the sharpest inventory declines. (iStock) New data confirm what brokers and home buyers have long felt: The pandemic surge in homebuying decimated inventories most drastically in vacation ...

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  • 14 May
  • The Real Deal
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DA targets tuition paid for Trump CFO’s grandkids

Clockwise from top left: Allen Weisselberg, Columbia Grammar & Preparatory School, Donald Trump (Getty, Google Maps, iStock) Tuition paid to a Manhattan private school is the latest target in New York prosecutors’ probe of former ...

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  • 14 May
  • The Real Deal
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Airbnb’s losing spree continues with $1B loss in Q1

Airbnb CEO Brian Chesky. (Airbnb, Getty) With travel finally picking up 14 months into a pandemic that has wreaked havoc on the industry, Airbnb may finally have the chance to show investors what it’s made of. But for now, the ...

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  • 13 May
  • The Real Deal
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Evan Metropoulos’ West Hollywood penthouse heads to auction

Evan Metropoulos and 9255 Doheny Road (Metropoulosis, The Altman Brothers) Three years after listing his West Hollywood penthouse for $58 million — and after one massive price cut — Evan Metropoulos will auction off the “whitebox” ...

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  • 13 May
  • The Real Deal
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Yelp to experiment with return-to-work plans

Chief People Officer Carolyn Patterson (Getty, Yelp) Yelp is reviewing its office spaces, and not all will receive five stars. In February, the tech company announced that it will adopt a hybrid office model. Soon it will experiment ...

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  • 13 May
  • The Real Deal
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WPH Holdings plans another affordable complex in Sun Valley

A rendering of the project and an aerial view of the development site (WPH Holdings, Google Maps) A 135-unit affordable housing complex with a large amount of ground-floor retail could rise on two acres in the San Fernando Valley ...

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  • 13 May
  • The Real Deal
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Brookfield posts record FFO in Q1 — but not because of real estate

Brookfield Asset Management’s Bruce Flatt (iStock) A year ago, as the impact of the pandemic was just starting to sink in, Brookfield Asset Management reported funds from operations of $884 million. For the first quarter of this year, ...

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  • 13 May
  • The Real Deal
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Matthew Stafford scores Hidden Hills home after trade to Rams

Matthew Stafford and renderings of his future Hidden Hills manse. (Getty, EGC Real Estate) Matthew Stafford wasted no time getting settled in Los Angeles following his trade from the Detroit Lions to the L.A. Rams. Just a week after ...

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  • 13 May
  • The Real Deal
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LA’s Covid-era al fresco dining rules could last

Outdoor dining in Santa Monica (Getty) Los Angeles’ Covid-era regulations that cleared the way for a burst of outdoor dining establishments may become a permanent fixture. The City Council voted to study a permanent al fresco dining ...

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  • 13 May
  • The Real Deal
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