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Month: August 2021

Oak Hill leads $327M bet on suburban office market

Oak Hill Advisors CEO Glenn August and Workspace Property Trust CEO Thomas Rizk (Oak Hill Advisors, Wordspace Property Trust, iStock) Will the pandemic bring new interest to the suburban office market? Oak Hill Advisors believes so. A ...

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  • 25 Aug
  • The Real Deal
  • Uncategorized
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AvantStay launches brokerage arm

AvantStay CEO Sean Breuner (AvantStay, iStock) In a move that goes beyond rentals, AvantStay has launched its brokerage arm. The short-term rental company, which now has over 600 homes throughout the U.S., announced that it will hire ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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CEO of FivePoint, among Cali’s largest homebuilders, stepping down

Emile Haddad will remain on the board for FivePoint (Getty) The CEO of FivePoint Holdings is stepping down amid a shakeup at one of the largest — and most polarizing — homebuilders in California. Emile Haddad, 63, will exit the ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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Nearly four acres of oceanfront land in Laguna Beach lists for $46.5M

There are three small homes on the property (Compass) Nearly four acres of prime oceanfront dirt in Laguna Beach has hit the market for $46.5 million. The cliffside property at 32201 Coast Highway includes 11 parcels, three small ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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Equity, Toll Brothers partner on apartments for $1.9B

Toll Brothers CEO Doug Yearley and Equity Chairman Sam Zell (Twitter/Toll Brothers, Getty) Americans are increasingly turning to rentals as they’re priced out of the housing market. Those who build and develop apartments are doing the ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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Restaurants plead for more relief as Delta variant keeps diners away

370,000 restaurant owners filed applications for relief, but less than one-third were approved before funding ran dry. (iStock) The restaurant industry is coming back for seconds. The National Restaurant Association on Tuesday urged ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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Oh, honey: Goldman Sachs to add beehives to real estate assets across U.S.

Goldman Sachs CEO David Solomon and 1 Flatbush Avenue in Brooklyn (Getty, Hillwest, iStock) That buzzing noise? If you’re a tenant of Goldman Sachs Asset Management, it might not be in your head. The investment giant is partnering with ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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NYC overtakes San Francisco as most expensive city for renters: report

(Getty) Call it a comeback — for New York City, at least. This month, the Big Apple overtook reigning champ San Francisco as the most expensive city for rentals, a report by apartment listing site Zumper found. A New York one-bedroom ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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Industrious hires new COO to lead IPO prep, international expansion

Industrious’ new COO Liz Simon. (Industrious) Industrious has a new chief operating officer. The flex-office provider has tapped Liz Simon, chief operating officer at tech-focused continuing education school General Assembly, as its ...

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  • 23 Aug
  • The Real Deal
  • Uncategorized
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Demand for private-label mortgages on the rise

From left: JPMorganChase CEO Jamie Dimon, Goldman Sachs CEO David Solomon and Morgan Stanley CEO James Gorman (Getty) After virtually disappearing following the financial crisis more than a decade ago, private-label mortgages are back. ...

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  • 23 Aug
  • The Real Deal
  • Uncategorized
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