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Month: August 2021

Social Construct falls as pandemic turns world anti-social

Construction-tech startup Social Construct calls it quits “Startups are fragile beasts,” according to Ben Huh, CEO of Social Construct, which just became the latest real estate casualty of the pandemic. The proptech startup, which ...

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  • 09 Aug
  • The Real Deal
  • Uncategorized
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Superyachts and Picassos: How real estate’s wealthiest spend their millions

Gil Dezer in his Miami garage (Photo by Sonya Revell) Going into the final stretch of the 2020 Kentucky Derby, millions of dollars rested on the performance of a 3-year-old horse named Authentic. The stallion, owned by billionaire ...

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  • 09 Aug
  • The Real Deal
  • Uncategorized
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Hines raises $625M for new CRE investment fund

Hines CEO Jeffrey Hines (Twitter/Hines) Houston-based real estate investment firm Hines has raised $625 million for a new CRE investment fund, with no signs of slowing. Hines U.S. Property Partners fund is projected to hit $1 billion ...

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  • 09 Aug
  • The Real Deal
  • Uncategorized
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Blackstone buying WPT Industrial in $3B deal

Blackstone CEO Stephen Schwarzman and WPT CEO Scott Frederiksen (Blackstone and LinkedIn) The Blackstone Group keeps feeding its seemingly insatiable appetite for industrial real estate.  In its latest move, the firm’s private real ...

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  • 09 Aug
  • The Real Deal
  • Uncategorized
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Resi brokerages’ big quarter: Record revenue, new CEOs and major acquisitions

RE/MAX CEO Adam Contos, eXp CEO Glenn Sanford, and Redfin CEO Glenn Kelman (Facebook, eXp, Redfin) The second quarter was a strong one for a number of brokerages. Records were broken, acquisitions were finalized and new executives ...

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  • 09 Aug
  • The Real Deal
  • Uncategorized
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Editor’s note: Landlords left in the lurch

Stuart Elliott They might not have the most beloved public image, and are often caricatured as greedy and heartless. But landlords feel pain, too. And they have bills to pay. As our cover story this month explores, mom-and-pop property ...

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  • 09 Aug
  • The Real Deal
  • Uncategorized
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Compass revenue almost triples, but company lost $7M

CEO Robert Reffkin (LinkedIn, iStock) UPDATED Monday August 9, 2021, 8:01 p.m.: Compass’ losses are narrowing as revenue surges, while top executives are focused on explaining how the company will become profitable and why they are in ...

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  • 09 Aug
  • The Real Deal
  • Uncategorized
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Former CEO of home repair advisory firm lists his under construction property for $34M

Chris Terrill with the property (Getty, Coldwell Banker Realty) The former CEO of HomeAdvisor, a home repair referral business, is listing his under construction Santa Barbara home for $34 million. Perhaps Chris Terrill, who left the ...

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  • 08 Aug
  • The Real Deal
  • Uncategorized
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Blackstone, HPP look to expand studio empire to the UK

Rendering of their planned production studio with Victor Coleman of HPP and Jonathan Gray of Blackstone (HPP, Blackstone, and iStock) Hudson Pacific Properties and Blackstone Group want to expand their production studio footprint ...

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  • 08 Aug
  • The Real Deal
  • Uncategorized
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Barb Ellison, ex-wife of Larry, lists 200-acre equestrian ranch for $20M

Barbara Ellison and Wild Turkey Farm at 14175 SW Wilsonville Rd, Wilsonville, Oregon (Christies Real Estate, Wild Turkey Farm) Larry Ellison’s ex-wife Barb Ellison aims to sell her 200-acre horse farm in Oregon. Ellison is asking $19.5 ...

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  • 07 Aug
  • The Real Deal
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