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Month: July 2021

Covid surge, CDC reversal upends back-to-office plans

The Delta variant and the CDC’s recent mask reversal is adding a new element of intrigue to return-to-work policies. (iStock) As the Delta variant fuels a nationwide surge in Covid cases, employers’ return-to-work plans are being ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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Here’s where foreign homebuyers came from and bought during pandemic

Buyers from neighboring countries made up the biggest percentage of foreign sales. (iStock) International sales were severely hampered by the pandemic in 2020, but buyers from several countries still managed to pluck down big bucks for ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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Rise in home prices frees banks to offload mortgage risk

From left: JP Morgan Chase CEO Jamie Dimon, Citigroup CEO Jane Fraser and Texas Capital Bank CEO Rob Holmes (iStock, LowneyJen/Wikimedia, World Economic Forum/Wikimedia, Texas Capital bank) Banks are among the institutions taking ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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Sam Zell’s Equity Residential reports recovery in rental occupancy

Equity Residential chairman Sam Zell (Getty, iStock) The pandemic hit the bottom line of Sam Zell’s Equity Residential pretty hard, but the worst is finally in the rear-view mirror, executives of the real estate investment trust said ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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Proptech revolution grows as landlords turn to big data to manage properties

(iStock) The proptech revolution is accelerating as building operators turn to big data to monitor everything from tenant relations to their properties’ energy use. “Companies are making every piece of information available to every ...

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  • 27 Jul
  • The Real Deal
  • Uncategorized
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CoStar Q2 net income down 17%

(iStock) CoStar Group’s second quarter profits fell after a strong first quarter even as traffic on its analytics and online marketplace jumped. The real estate data giant posted $61 million in net income from April through June, down ...

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  • 27 Jul
  • The Real Deal
  • Uncategorized
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Mansion buyer beware: $43M spec home a “catastrophic failure,” suit alleges

The Beverly Hills spec mansion that Ekkehart Hassels-Weiler bought in 2019. The property is full of structural defects that Hassels-Weilers alleges developers Ian Livingstone and Max Fowles-Pazdro concealed (Luca Lanzetta Group) ...

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  • 27 Jul
  • The Real Deal
  • Uncategorized
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Affordable housing bills stall over union labor requirements

Senate Majority Leader Toni Atkins (Getty, iStock) As California’s housing crisis deepens, state bills meant to promote affordable development have stalled over union labor requirements. A handful of bills are stuck in the Assembly ...

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  • 27 Jul
  • The Real Deal
  • Uncategorized
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Urban Stearns plans apartment, hotel project in Woodland Hills

Plans for the Woodland Hills project with Urban Stearns co-founder Shy Cohen (Togawa Smith Martin, Urban Stearns) Woodland Hills may be getting another apartment and hotel project. Developer Urban Stearns filed plans to build a ...

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  • 27 Jul
  • The Real Deal
  • Uncategorized
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John Legend and Chrissy Teigen wave bye to Beverly Hills mansion

Chrissy Teigen and John Legend with the property (Getty, Douglas Elliman) After adding three properties to their portfolio within six months, John Legend and Chrissy Teigen have offloaded another in Beverly Hills. The celebrity couple ...

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  • 27 Jul
  • The Real Deal
  • Uncategorized
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