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Month: July 2021

Is this condo developer’s fast rise spiraling out of control?

Silverback Development’s Josh Schuster, who is facing numerous legal claims from stakeholders. Photo Illustration of Schuster (Photo by Emily Assiran) People couldn’t help but be impressed when they visited Josh Schuster’s office at 40 ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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Policy change puts $20 a month in home refinancers’ pockets

President Joe Biden (Getty and iStock) In a major victory for the mortgage industry and homeowners who refinance their mortgages, the Federal Housing Finance Agency on Friday announced the elimination of the adverse market refinance ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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High tides are flooding coastal communities with record frequency

As sea levels rise, coastal communities prone to flooding are not only threatened by storm surges, but also the moon. Last year, there were twice as many high-tide flooding days — defined as days when tides are 1.75 to 2 feet above the ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Korean makeup manufacturer inks 100K sf sublease

Rexford Industrial Realty Co-CEOs Howard Schwimmer and Michael S. Frankel (Rexford) A Korean makeup manufacturer is applying itself to a Rexford Industrial Realty warehouse in Atwater Village. The Creme Shop inked a deal to sublease a ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Condos.com launches as iBuying website for new development units in US

Condos.com founders Richard Swerdlow and Neel Kawale (Getty, Hauskey, Condos.com) Condo.com founder Richard Swerdlow and Haüskey founder Neel Kawale partnered to launch Condos.com, an iBuying website for new development and ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Where Airbnb lost the most listings during the pandemic

Airbnb CEO Brian Chesky (Getty, iStock) The pandemic wreaked havoc on Airbnb, with the short-term rental company reporting it lost listings in 19 of 20 major markets. The lone market that came out unscathed? Not surprisingly it was in ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Blackstone buys $5.1B in affordable housing from AIG

Blackstone CEO Stephen Schwarzman (Getty) Blackstone and AIG have agreed to a massive deal involving the sale of $5.1 billion in affordable housing assets. AIG sold the assets to Blackstone as part of a “long-term strategic asset ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Compass expands to Indiana amid stock slump

Compass CEO Robert Reffkin (iStock) Stock performance be damned, Compass is sticking to its growth plan. The nation’s second-largest real estate brokerage by sales volume is dipping into the Indianapolis market, adding 23 top local ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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General Motors to make Pasadena campus its new design and technology center

GM CEO Mary Barra with the Pasadena campus (Getty, CBRE) General Motors plans to open a $71 million design and technology center at a three-building Pasadena campus purchased earlier this month. The automaker paid $49.5 million for the ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Related Companies, CareMax to open 75 senior health centers

Related Companies executive vice president Bryan Cho and CareMax founder Carlos de Solo (Getty, CareMax) A new partnership between Related Companies and CareMax promises to shape the future of senior health care in underserved ...

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  • 14 Jul
  • The Real Deal
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