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Month: August 2021

Chatham Lodging Trust buys two Marriott-branded hotels in Austin for $71M

Residence Inn Austin Northwest, TownePlace Suites Austin Northwest and Chatham Lodging Trust CEO Jeffrey Fisher (Marriott, Chatham Lodging Trust) Chatham Lodging Trust is expanding its lodging portfolio in Texas, taking advantage of ...

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  • 04 Aug
  • The Real Deal
  • Uncategorized
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LA city council to consider vaccine mandate for indoor spaces

LA City Council President Nury Martinez (LA City Council) Los Angeles could soon become the second major U.S. city to bar unvaccinated people from entering indoor venues. City Council President Nury Martinez and Councilmember Mitch ...

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  • 04 Aug
  • The Real Deal
  • Uncategorized
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Colliers reports major rebound in revenue

Colliers CEO Jay Hennick (Hennick, iStock) Colliers International reported $946 million revenue in the second quarter, up 72 percent from a year ago and 27 percent from 2019. The strong performance was seen across the board except for ...

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  • 04 Aug
  • The Real Deal
  • Uncategorized
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Biden to approve new, targeted eviction ban as landlords plead for rent relief

RSA president Joe Strasburg, President Joe Biden and NAA President Bob Pinnegar (Getty, NAA) Three days after the federal eviction ban lapsed, President Biden is expected to introduce a new moratorium that would freeze proceedings for ...

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  • 03 Aug
  • The Real Deal
  • Uncategorized
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UCLA, USC survey: LA renters owe $3B in back rent

(iStock) A survey from UCLA and USC researchers helps illuminate the extent of Los Angeles tenants’ – and landlords’ – pain during the pandemic. And it comes out to an estimated $3 billion. The study was released last week and included ...

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  • 03 Aug
  • The Real Deal
  • Uncategorized
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Michael Stern forms $200M SPAC with former Citadel analysts

Michael Stern of JDS Development JDS Development’s Michael Stern has found his next venture, confidentially filing to form a SPAC with two former Citadel credit analysts. The blank-check firm, called Onyx Acquisition Co. I, will seek ...

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  • 03 Aug
  • The Real Deal
  • Uncategorized
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Keller Williams breaks sales records for fourth straight quarter

Keller Williams president Marc King and kwx CEO Carl Liebert Keller Williams is no stranger to breaking records, and last quarter was no different. The brokerage set all-time production records in sales volume and closed transactions ...

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  • 03 Aug
  • The Real Deal
  • Uncategorized
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Nearly 10M sf of LA industrial space leased in Q2

Submarkets near the ports accounted for 69.1 percent of total leases signed in Q2 2021 (Getty) The Los Angeles industrial market recorded one of the busiest quarters ever, largely on strong demand for logistics and distribution space. ...

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  • 03 Aug
  • The Real Deal
  • Uncategorized
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Don’t miss the next big story: Follow TRD today

(iStock) Real estate news is never just about real estate. It’s also about financial markets, government policy, and new technologies shifting the way we do business. At The Real Deal, we cover it all in one place so you can stay one ...

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  • 03 Aug
  • The Real Deal
  • Uncategorized
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Homebuilder Plant Prefab nabs Series B funding, eyes 3rd factory

Plant Prefab CEO Steve Glenn (Plant Prefab) Prefabricated homebuilder Plant Prefab has raised $30 million in a Series B funding round and said it had opened a second factory and plans a third next year. The latest funding round for the ...

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  • 03 Aug
  • The Real Deal
  • Uncategorized
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