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Month: June 2021

EB-5 program set to expire at the end of June

Hudson Yards (iStock) A U.S. visa program that gave green cards to investors and was popular among real estate developers, is set to expire, with no clear plan for an extension. As it stands, the EB-5 program allows foreign investors ...

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  • 16 Jun
  • The Real Deal
  • Uncategorized
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New Hamptons sales and listings promise ocean views… and eternal life

40 Meadow Lane, Southampton The Hamptons continues to be the hottest housing market in the tri-state area, with several notable sales and listings in recent weeks as the summer season kicks off. The flight of well-heeled city residents ...

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  • 16 Jun
  • The Real Deal
  • Uncategorized
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New housing construction leaves US 5M units short

(iStock/Illustration by Kevin Rebong for The Real Deal) In the past 20 years, new housing construction lagged 5.5 million units behind historical levels, according to a report by the National Association of Realtors. The trade group is ...

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  • 16 Jun
  • The Real Deal
  • Uncategorized
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Single-family rent growth more than doubles in April

(Illustration by Kevin Rebong for The Real Deal) April showers bring May flowers — but this year, daffodils aren’t the only things sprouting in your yard. Rents are growing through the roof. This April, single-family rental prices ...

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  • 16 Jun
  • The Real Deal
  • Uncategorized
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Fairfield Residential plans luxury complex at 60-year-old diner

Fairfield CEO Greg Pinkalla and renderings of the development plans (Carrier Johnson + Culture, Fairfield Residential) Dinah’s Family Restaurant is a 60-year-old diner on the Culver City border, known for its fried chicken. Now, ...

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  • 16 Jun
  • The Real Deal
  • Uncategorized
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Hankey Capital provides $29M bridge loan on Le Méridien in Pasadena

Don Hankey and Le Méridien Pasadena Arcadia hotel (Hankey Investment Company, Marriott) Hankey Capital provided a $29 million bridge loan to Chateau Group USA on its newly built Le Méridien Pasadena Arcadia hotel in the San Gabriel ...

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  • 16 Jun
  • The Real Deal
  • Uncategorized
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Hello, from Beverly Hills: Adele buys Nicole Richie’s home

Adele and Nicole Richie (Getty, Google Maps) Star singer Adele paid $10 million for friend Nicole Richie’s Beverly Hills home. The off-market deal for the 5,500-square-foot home in the Coldwater Canyon closed late last month, according ...

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  • 16 Jun
  • The Real Deal
  • Uncategorized
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Elon Musk relists San Francisco mansion for $38M

Elon Musk and the San Francisco estate (Getty, Gullixson / Compass) Before Elon Musk heads to Mars or takes Dogecoin to the moon he is selling off his real estate. Musk has re-listed his San Francisco mansion, which he calls his ...

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  • 15 Jun
  • The Real Deal
  • Uncategorized
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Employers face uphill battle luring staff back to the office

Nationally, just under one-third of office workers have returned to the office spaces they occupied before the pandemic. (iStock) With more than half of all adults fully vaccinated, Americans are once again eating at their favorite ...

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  • 15 Jun
  • The Real Deal
  • Uncategorized
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Here’s what tenants are paying at Hines & CalPERS’ 609 Main in Houston

Hines chairman and CEO Jeff Hines with 609 Main in Houston, Texas (Hines) The following is a preview of one of the hundreds of data sets that will be available on TRD Pro, the one-stop real estate terminal that provides you with all ...

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  • 15 Jun
  • The Real Deal
  • Uncategorized
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