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Month: February 2022

Kimco buys out partner in Anaheim Plaza

Anaheim Plaza and Kimco Realty CEO Conor Flynn (Kimco, LinkedIn) Kimco Realty bought out its joint venture partners in California shopping centers Orange County and the Bay Area. The New York-based firm paid $134 million for an ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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Growth of home sale prices slowed, but affordability worsened

NAR’s chief economist, Lawrence Yun (National Association of REALTORS, iStock) The fourth quarter of 2021 held a glimmer of good news for homebuyers: growth in home prices slowed. The bad news: affordability worsened overall amid ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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LA County provides nonprofit builder land, $72M for affordable housing project

Rendering for mixed-use project at Vermont and Manchester Avenues (TCA Architects) Nonprofit developer Bridge Housing Corp. has received $72.4 million in bond financing to build an affordable housing complex on a long-blighted lot in ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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Hollywood hotels flash signs of comeback

(iStock) Foot traffic on the Hollywood Walk of Fame — a key measure of the neighborhood’s tourism sector and economic vibrancy — approached pre-pandemic levels at the end of 2021, according to a report published on Wednesday. The ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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Home sale-leaseback startup EasyKnock raises $57 million

EasyKnock’s CEO, Jarred Kessler (iStock, Illustration by Kevin Cifuentes for The Real Deal) EasyKnock, a startup that buys homes and rents them back to sellers, raised $57 million in Series C funding, with plans to expand its services ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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Buyer beware: Proptech SPACs have lost their shine

For proptech companies considering going public, it may be prudent to wait. Most of the proptechs that did so over the last 18 months the fashionable way — via mergers with special purpose acquisition companies, or SPACs — have been ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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Douglas Elliman reports record-shattering sales in 2021

Douglas Elliman’s Howard Lorber (Getty, Illustration by Kevin Rebong for The Real Deal) When Douglas Elliman made its debut as a publicly traded company in December, it did so with significant momentum, coming off a record-shattering ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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Outer-space robotics specialist takes 36K sf in Altadena

OffWorld lab in JPL Building 600, at 540 W. Woodbury Rd (OffWorld, iStock, Illustration by Shea Monahan for the Real Deal) OffWorld, a space robotics company, has inked a deal to lease a former Jet Propulsion Laboratory building in ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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Study confirms market heat, pinch on apartments at big complexes

(iStock, Photo illustration by Priyanka Modi) As the apartment market rebounds from the pandemic, rental prices in larger complexes across Southern California have seen the biggest gain in a decade while vacancy rates have sunk to a ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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Buck Design buys into Little Tokyo

120 S. San Pedro Street (Google Maps, iStock) The Buck will soon stop in Little Tokyo. Buck Design, a media company based in Lincoln Heights, paid $26.5 million for an 80,000 square-foot building at 120 S. San Pedro St., Bisnow ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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