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Month: May 2021

Facebook’s NYC offices will open to employees in July

Facebook CEO Mark Zuckerberg with 770 Broadway and Hudson Yards (Getty, VNO, iStock) Facebook was one of the first major companies to give employees the option of working from home permanently in the wake of the pandemic. Now, a year ...

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  • 26 May
  • The Real Deal
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Proptech hits puberty: Insights from Camber Creek’s Casey Berman

Casey Berman and Hiten Samtani. (Camber Creek) Total addressable market, or TAM, is a metric investors use to figure out whether a sector is worth their trouble. With a tiny TAM, even a home-run investment in a startup may not generate ...

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  • 26 May
  • The Real Deal
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Digital mortgage platform Snapdocs valued at more than $1B

Snapdocs CEO Aaron King (Photo via Sequoia Capital) Digital closing platform Snapdocs is officially a unicorn. The startup has raised $150 million in a series D funding round, bringing the value of the company to more than $1.5 ...

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  • 26 May
  • The Real Deal
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Bradley Cooper buys 2nd Pacific Palisades pad

Bradley Cooper and his Pacific Palisades home (Getty, Realtor, iStock) Last summer, a listing agent in Fairfield, Connecticut, turned to Facebook to dispel the rumor that Bradley Cooper had purchased a mansion in the tony town. He did ...

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  • 26 May
  • The Real Deal
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Ralphs-anchored Mid-City mall nabs $64M refi

LoanCore Capital’s Chapin Hunt and 4707 Venice Boulevard (Google Maps) The owner of a Ralphs-anchored Mid-City shopping center secured a $63.8 million refinance amid increased consumer activity and a loosening of Covid restrictions. ...

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  • 26 May
  • The Real Deal
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‘Wholesaler’ home flippers prompt new regulations

Wholesale home flippers don’t hold real estate licenses, making it difficult for regulators to crack down on the practice. (Getty) A new kind of house flipper has infiltrated low-income neighborhoods, prompting local governments and ...

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  • 25 May
  • The Real Deal
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Berkshire Hathaway HomeServices names new CEO

Berkshire Hathaway HomeServices CEO Christy Budnick (Berkshire) Warren Buffett’s Berkshire Hathaway HomeServices is seeing some changes in its C-suite. The company announced that it has appointed Christy Budnick as its new president ...

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  • 25 May
  • The Real Deal
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Home prices rise for 10th straight month, skyrocketing above 2006 peak

(iStock) During the housing bubble, home prices peaked in July 2006 before plunging to new lows in a crash that endured until 2012. Now, they’re once again reaching new highs. Home prices soared to a 13.2 percent year-over-year gain in ...

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  • 25 May
  • The Real Deal
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Developer plans 76-unit rental complex in Hollywood

An aerial view of the development site (Google Maps) Developer Elkwood is planning a 76-unit apartment complex in Hollywood, near a creative office project it has in the works. For its latest filing, the firm wants to replace a series ...

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  • 25 May
  • The Real Deal
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Ellen DeGeneres buys back Montecito estate from Tinder co-founder

Ellen DeGeneres and Portia de Rossi with their Montecito ranch (Getty, Zillow) Ellen DeGeneres and Portia de Rossi are seasoned luxury real estate buyers and sellers, but they appear to have a soft spot for a particular property in ...

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  • 25 May
  • The Real Deal
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