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Month: June 2021

Fifth Wall, Robert Downey invest in climate tech financing firm

Fifth Wall’s Brendan Wallace and actor Robert Downey Jr. (Getty) Venture capital firm Fifth Wall and actor Robert Downey Jr. are investing in a firm that offers financing incentives for homeowners who want to reduce their energy ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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What’s next for the East End’s community preservation fund?

(IStock) Objectively, the Peconic Bay Region Community Preservation Fund has been a massive success. Funded by a 2 percent transfer tax on real estate sales in the five East End towns — East Hampton, Riverhead, Shelter Island, ...

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  • 23 Jun
  • The Real Deal
  • Uncategorized
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ING “green building” loan program targets energy upgrades

Stuart Miller of Lennar with The Maddox complex (Lennar, LMC) It seems like every large real estate firm is going green, but those efforts have had some seeing red. Landlords are targeting net-zero emissions to attract investors and ...

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  • 23 Jun
  • The Real Deal
  • Uncategorized
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Black and Latino homeowners left behind in mortgage refinancing wave

The pandemic disproportionately impacted unemployment rates for Black and Latino households, making them more likely to enter mortgage forbearance. (iStock) Low interest rates encouraged millions of Americans to renegotiate their ...

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  • 23 Jun
  • The Real Deal
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City wants to toss lawsuit forcing LA to house thousands of homeless

The homeless problem in L.A. is among the worst in the country (Getty) Los Angeles wants a federal court to dismiss a lawsuit that would compel it to house thousands of the city’s homeless. Lawyers for L.A. argue the suit asks the ...

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  • 23 Jun
  • The Real Deal
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Office investors Tishman Speyer, Brookfield put money where mouth is

Photo illustration of Tishman Speyer Properties President Rob Speyer and Brookfield Asset Management CEO Bruce Flatt (iStock, Getty) Since early in the pandemic, office landlords have maintained that work-from-home would not cripple ...

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  • 23 Jun
  • The Real Deal
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Suburban homebuying frenzy rages on even as NYC reopens

In April, a modest three-bedroom split-level hit the market in New Providence, New Jersey, about a one-hour NJ Transit ride from Manhattan. It was listed on a Friday at $699,000. The property attracted 90 showings. By Sunday, there ...

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  • 23 Jun
  • The Real Deal
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Harbor pays $47M for 220-unit complex in Pomona

Jordan Slone of Harbor Group with the Olive Ridge complex (Harbor) Continuing a slew of multifamily buys across the country, Harbor Group International has made another purchase in Los Angeles County. Harbor bought the 220-unit Olive ...

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  • 23 Jun
  • The Real Deal
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Huge home headache hassles North Fork locals

The North Fork prides itself on what residents like to call its “small town feel.” Rain or shine, neighbors relish in the wide, scenic landscape, and wave “hi” to one another — a key giveaway as to whether you’re a local or you’re new ...

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  • 22 Jun
  • The Real Deal
  • Uncategorized
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Blackstone to acquire single-family rental firm for $6B

Blackstone CEO Jon Gray and Home Partners of America CEO Bill Young (Blackstone, Owler) Blackstone is once again going all-in on the single family rental market. The investment giant has agreed to acquire Home Partners of America, ...

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  • 22 Jun
  • The Real Deal
  • Uncategorized
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