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Month: July 2021

Instacart to build fulfillment centers near supermarkets

Instacart CEO Apoorva Mehta (Getty) Instacart is the latest company seeking to cash in on the industrial real estate boom, making plans to build its own fulfillment centers for supermarkets. The grocery delivery company will begin ...

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  • 23 Jul
  • The Real Deal
  • Uncategorized
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Watch: Can venture capital solve real estate’s wicked problems?

Billions of venture capital dollars have flowed into real estate to improve the experience of residents, office tenants and landlords themselves. But where’s the money for the really important stuff? The climate crisis, the national ...

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  • 22 Jul
  • The Real Deal
  • Uncategorized
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Developer plans 332-unit project in Van Nuys

Plans of the project as submitted to the City of Los Angeles and Eddie Lorin of Alliant Strategic (AC Martin / City of Los Angeles, Alliant) A developer wants to build a 332-unit complex in Van Nuys, a project that would include about ...

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  • 22 Jul
  • The Real Deal
  • Uncategorized
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Home sales rise in June, snapping four-month downward streak

(iStock and Unsplash) Even as prices continue to rise, home buyers are finally starting to loosen their grip on their wallets. Existing home sales saw a modest increase in June, ending a four-month streak of declines, according to the ...

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  • 22 Jul
  • The Real Deal
  • Uncategorized
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The land that time forgot: A North Fork real estate saga

Cove Beach It’s easier to spot open real estate from thousands of feet above. Just ask Enzo Morabito. Back in the early 1990s Morabito was scouring the entire East End for his clients, among them Annie Leibovitz, who was looking to buy ...

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  • 22 Jul
  • The Real Deal
  • Uncategorized
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Blackstone eyes return to hotel business as real estate fuels strong Q2

Blackstone president Jonathan Gray (Blackstone and iStock) Blackstone backed out of hotels in the nick of time. “It wasn’t because we anticipated the pandemic,” said president Jonathan Gray on the firm’s Q2 earnings call Thursday. ...

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  • 22 Jul
  • The Real Deal
  • Uncategorized
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As summer heats up, so do rental scams

The summer months tend to heat up the rental market but victims of rental scams lose the most money in the summer (iStock) Across the country, the summer months tend to be the busiest for renters. The weather is generally milder and ...

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  • 22 Jul
  • The Real Deal
  • Uncategorized
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M+D Properties looks to offload 600K sf mixed-use complex

The retail development known as The Source was completed in 2016 (The Source) M+D Properties is shopping its 600,000-square-foot mixed-use retail complex in Orange County. Called The Source, the Buena Park complex opened four years ago ...

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  • 22 Jul
  • The Real Deal
  • Uncategorized
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Home building slowing despite hot market

(iStock) The housing market is on fire, but the same can’t be said for home building. Although housing starts are up, building permits — an indicator of future construction — declined last month to 100,000 below the six-month average, ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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Redcar buys Dynasty shopping center in Chinatown

Redcar Properties CEO Jim Jacobsen with Dynasty Center (Google Maps, Industry Partners) A dynasty changed hands in Los Angeles’ Chinatown. Redcar Properties bought the nearly 80,000-square-foot Dynasty Shopping Center for $29.5 ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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