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Month: June 2021

Sticker shock? Existing home sales fall for fourth straight month

As home prices went up, sales edged down — by 0.9% from April to May (iStock) As home prices soared, existing home sales dipped for the fourth month in a row, according to the National Association of Realtors’ report for May. Sales ...

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  • 22 Jun
  • The Real Deal
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JPMorgan invests in private-label mortgage platform

JPMorgan Chase CEO Jamie Dimon (Getty) A sector of the mortgage market that became a boogeyman during the Great Recession is seeing renewed interest from Wall Street. JPMorgan Chase is the latest company to invest in “private label” ...

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  • 22 Jun
  • The Real Deal
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Former Freddie Mac CEO’s new lending platform is here

NewPoint Real Estate Capital CEO David Brickman (Photo via Freddie Mac) Months after former Freddie Mac CEO David Brickman declared that he would lead a new company to shake up the multifamily sector, the lending platform has finally ...

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  • 22 Jun
  • The Real Deal
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Regent Properties bets on San Diego offices with $420M purchase

Regent Properties CEO Eric Fleiss with 701 B Street, 1 Columbia Place, 2 Columbia Place, and 707 Broadway (Regent Properties) UPDATED, 3:23 p.m., June 22: Regent Properties is making a big bet on the return of office workers in San ...

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  • 22 Jun
  • The Real Deal
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MetaProp closes $100M fund to back early-stage proptech

Zach Aarons and Aaron Block of MetaProp Venture capital firm MetaProp closed a $100 million fund to invest in early-stage proptech companies. The New York-based firm’s fund, MetaProp Ventures III, is more than twice the size of its ...

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  • 22 Jun
  • The Real Deal
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The unsellables: Even in a hot market, these Hamptons homes don’t move

7 Beach Plum Court, Amagansett (Corcoran) Even in a scorching-hot market, some long-term listings in the Hamptons still won’t sell. Why do these homes linger on the market for years, in the most desirable of areas, where investors are ...

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  • 21 Jun
  • The Real Deal
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WeWork reports membership growth, best sales since 2019

WeWork CEO Sandeep Mathrani (WeWork, iStock) As businesses seek greater flexibility in a post-pandemic world, WeWork’s offerings could be regaining popularity. The co-working giant is seeing its best net desk sales in nearly two years, ...

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  • 21 Jun
  • The Real Deal
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Angelo Gordon JV lands $231M inventory loan on luxury condo project

9900 Beverly (Binyan Studios) Developers Angelo Gordon and Townscape Partners landed a $231 million inventory loan on their ultra-luxury West Hollywood condo project, where the first units are expected to open in August. Deutsche Bank ...

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  • 21 Jun
  • The Real Deal
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Action: Regal Cinemas inks deal at Sherman Oaks Galleria

The Sherman Oaks Galleria (Marriott) California has dropped most Covid restrictions and now Regal Cinemas is moving into the former ArcLight Cinemas in the Sherman Oaks Galleria. The second largest movie chain in the U.S. signed an ...

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  • 21 Jun
  • The Real Deal
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With major financial choices to make, Newmark receives $850M infusion

What to do with $850 million? That’s the question Newmark is now asking itself. By virtue of some Wall Street wheeling and dealing, the commercial brokerage is set to receive a windfall in the form of hundreds of millions of dollars’ ...

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  • 21 Jun
  • The Real Deal
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