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Month: January 2022

California ultra-luxury project halted on wildfire risk

(Lotusland Investment Holdings) Plans for 1,400 luxury homes in a wildfire hotspot about 90 miles north of San Francisco have been put on hold over concerns about how residents would be evacuated when the next blaze hits. According to ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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Chinese property buyers flock to Metaverse as nation’s IRL market sags

TooRichCity (Twitter) Chinese property buyers are flocking to the Metaverse as the nation’s real-life real estate market sags and developers such as Evergrande face default. Digital artist Huang Heshan sold 310 virtual homes in his ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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Better boat? Kenny Chesney sells Nashville-area home

Country superstar Kenny Chesney (Zillow, Getty Images, iStock) Country superstar Kenny Chesney can move to the “Bar at the End of the World” after selling his home near Nashville for $11.5 million. Chensey originally listed the ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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Fullerton Towers deal ends 2021 in top spot

1400-1440 N. Harbor Blvd., Fullerton (Loopnet) Fullerton Towers, one of the largest office complexes in the North Orange County municipality, has sold for $45.5 million. Los Angeles-based Barker Pacific teamed up with Las Vegas-based ...

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  • 07 Jan
  • The Real Deal
  • Uncategorized
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Shekhter’s WSC gets $125M loan for LA resi developments

Neil Shekhter, WS Communities CEO Scott Walter and 1550 Lincoln Boulevard It’s been a whirlwind couple of months for Neil Shekhter’s WSC Communities. The firm, led by CEO Scott Walter and Shekhters’ sons, most recently scored a $125 ...

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  • 07 Jan
  • The Real Deal
  • Uncategorized
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Apartments proposed in place of vintage triplex in Mid-City

Rendering of a five-story apartment complex at 1450 S. Orange Grove Ave. in Los Angeles (Zillow.com) A local multifamily developer hopes to replace a Mid-City triplex with a five-story apartment building with some low-income units. ...

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  • 07 Jan
  • The Real Deal
  • Uncategorized
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Tides Equities buys Dallas apartment complex for $40M

8780 Park Lane and Tides Equities’ Ryan Andrade and Sean Kia (Clover on Park Lane, Tide Equities) California’s Tides Equities seems to have its eye – and its money – set on a Texas takeover. The L.A.-based investment firm added another ...

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  • 07 Jan
  • The Real Deal
  • Uncategorized
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Residential brokerage shares take a hit in first week of 2022 trading

Robert Reffkin, founder & ceo, Compass (Getty Images, iStock, Illustration by Kevin Cifuentes for The Real Deal) The new year is off to a rocky start for some of real estate’s biggest publicly traded residential brokerages, which ...

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  • 07 Jan
  • The Real Deal
  • Uncategorized
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Four Seasons changes up its game in Texas

A photo illustration of the planned Four Seasons Private Residences Lake Austin (left) and the “funicular” (right) that comes with each unit (DBOX for Austin Capital Partners) It’s not every day that your new luxury pad comes with a ...

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  • 07 Jan
  • The Real Deal
  • Uncategorized
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Inland Empire draws LA money for multifamily

850 N Benson Avenue in Upland and New Standard Equities CEO Edward Ring (Apartments.com, LinkedIn) A Los Angeles-based multifamily investor has spent $81 million on an apartment complex in the Inland Empire. New Standard Equities got a ...

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  • 07 Jan
  • The Real Deal
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