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Month: June 2021

Hotel, apartment complex planned for northeast end of West Hollywood’s Sunset Strip

Renderings of the project (The Harper on Sunset) West Hollywood may get a new hotel and apartment complex, on the Sunset Strip at Harper Avenue. The Harper on Sunset proposal includes a 172-room hotel and 46 mixed-income apartments ...

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  • 11 Jun
  • The Real Deal
  • Uncategorized
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Unicorn founders hold court on proptech’s resi revolution

From left: Nikki Pechet of Homebound, Assaf Wand of Hippo Insurance, The Real Deal’s Hiten Samtani, Brendan Wallace of Fifth Wall and Max Simkoff of Doma (Wallace via Jeff Newton) Home is where the heart is. Often, for U.S. homeowners, ...

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  • 11 Jun
  • The Real Deal
  • Uncategorized
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Long-distance movers found cheaper and larger homes in 2020

Last year more people relocated to ZIP codes with lower home values and more space. (Getty) Long-distance movers got more bang for their buck in 2020. The average out-of-town mover last year relocated to areas where homes cost less and ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Chateau Marmont workers say iconic West Hollywood hotel misused rescue funds

The Chateau Marmont (Getty) and protest signs (Unite Here Local 11) It’s not all glitz and glamour at the Chateau Marmont. The hotel, where Kate Hudson was a teenage rock-and-roll groupie in Almost Famous and Emma Stone settled after ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Traders eye Fed pullback on mortgage bonds

Federal Reserve Chair Jerome Powell (Getty) Mortgage traders have eyes on the Federal Reserve’s purchasing of mortgage bonds. With the housing market booming and lending rates still low, suspicions are growing that the Fed will no ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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LA Unified School District explores affordable housing development for employees

Superintendent Austin Beutner with Normont Elementary School (LAUSD) The Los Angeles Unified School District wants to provide 2,000 units of affordable housing for employees so they can live near the schools where they work. LAUSD ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Kourtney Kardashian drops $12M on brand new mansion in Palm Springs

Kourtney Kardashian and her Madison Club property. (Getty, Madison Club) Kourtney Kardashian picked up a brand new, fully furnished mansion in Palm Springs. Kardashian paid $12 million for the 9,000-square-foot home on just under an ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Inside Katerra’s final days

Masayoshi Son and Katerra’s founders Fritz Wolff, Jim Davidson and Michael Marks. (Getty, Katerra) Katerra’s cash position was “perilous.” Its biggest backer, SoftBank, bailed out the construction startup with a $200 million investment ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Harris County set to buy downtown Houston office building for close to $29M

1111 Fannin Street, Houston (Google Maps, iStock) Harris County is set to purchase a downtown Houston office building for close to $29 million. County commissioners gave the Harris County budget management’s office the go-ahead to ...

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  • 09 Jun
  • The Real Deal
  • Uncategorized
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Venture capital fund closes fund to invest in “rent tech”

John Helm of RET Ventures Big money is pouring into single-family rentals. RET Ventures, a Utah-based venture capital firm, raised $165 million for a fund that plans to invest in technology for single-family rental and multifamily ...

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  • 09 Jun
  • The Real Deal
  • Uncategorized
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