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LA area, Chicago among top markets for large industrial leases
Marina Crossings (Courtesy of Cushman & Wakefield) Nationwide, the Inland Empire area around Los Angeles and the Chicago region were go-to places for industrial and logistics lease signings. Both...
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Former Cushman executive assails “old boys network” in $30M discrimination...
Nicole Urquart-Bradley (Credit: Twitter, and iStock) A former executive at Cushman & Wakefield said the brokerage regularly paraded her around as an ambassador for diversity at the firm, but behind...
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Angelo Gordon, Lincoln Property score $128M loan on 4 office properties
Angelo Gordon CEO Michael Gordon, Lincoln Property Company Senior Executive Vice President David Binswanger, and the Redstone office property. Lincoln Property Co. and Angelo Gordon & Co. scored a...
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See no evil: How a culture of secrecy boosts South Florida’s condo market
(Illustration by Adria Fruitos) A lawyer with ties to Venezuela’s oil ministry, a member of the country’s “boliburguesía” elite and a money launderer sat around a Caracas office table while armed...
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Amazon is betting on prefab homes
Jeff Bezos and an assembly of a pre-fab home (Credit: Getty Images and iStock) Amazon putting its money behind pre-fabricated homes. The tech giant’s Alexa Fund was among the investors in Plant...
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Kardashian buying spree continues as matriarch drops $12M on desert mansion
Kris Jenner reportedly paid $12 million for a mansion in Coachella Valley. (Credit: Coldwell Banker, Getty Images) It’s not easy to keep up with the Kardashians’ real estate deals. The latest home...
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Echo Park apartment project, long delayed, shows signs of life
2217 West Sunset Boulevard in Echo Park Dromy International Investment has been trying to build an apartment complex in Echo Park for the last decade. With the economy having long since rebounded and...
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Kevin Garnett shoots for high price on unfinished Malibu compound
Kevin Garnett and his half-finished Malibu mansion (Credit: Getty Images, Hilton & Hyland) NBA superstar Kevin Garnett was known as a finisher on the basketball court, but he’s bowing out early in...
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Realogy launching rapid all-cash offers
Realogy CEO Ryan Schneider with a home on piles of cash (Credit: iStock) Realogy is getting into the business of all-cash offers for sellers who want to shed their properties quickly, putting it in...
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Thomas Safran moves ahead with 98-unit affordable resi in Venice
Thomas L. Safran and the Thatcher Avenue site A public-private partnership is moving forward with a scaled-back plan for an affordable housing complex in Venice. The Department of City Planning...
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The Fed raises interest rates by a quarter percentage point
Federal Reserve Chairman Jerome Powell and the Federal Reserve headquarters in Washington, D.C. The Federal Reserve raised interest rates on Wednesday to between 2 and 2.5 percent, a move that is...
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Tishman Speyer is launching its own co-working brand
Tishman Speyer’s Rob Speyer and 600 Fifth Avenue (Credit: Getty Images, Google Maps, and Tishman Speyer) We-who? Tishman Speyer, one of the world’s biggest private landlords, is launching its own...
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TRD Forum: Consolidation is the new normal in LA’s uber-competitive CRE market
The Real Deal Century City Forum The force fueling consolidation in the commercial real estate industry has little to do with the current cycle. Now, something else is happening. The ultra competitive...
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The private equity paradox: Funds flush with cash can’t find deals with...
(Illustration by André Da Loba) There’s an eyebrow-raising issue playing out in the private equity world right now. While funds have pulled back on the amount of money they’re pouring into real estate...
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Breather CEO Julien Smith is out, just months after startup raised $45M
Julien Smith (Credit: Bryan Hill Media via inoveryourhead) The co-founder and CEO of Breather has left the short-term space rental startup just months after it raised $45 million in a funding round,...
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LA County home sales slowed in August, but prices kept rising: report
CoreLogic analyst Andrew LePage and Van Nuys Southern California saw the slowest summer for home sales in four years. June to August sales fell 6.8 percent year over year in the SoCal area, according...
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TRD Forum: Feared “retail apocalypse” forcing brokers to re-calibrate...
The Real Deal Century City Forum Real estate leaders throughout the country have been bracing for a “retail apocalypse,” as brick-and-mortar locations continue to crumble amid the rapid spread of...
View ArticleAmericans’ credit scores hit record high
704! That’s the new, record-high average FICO credit score among millions of Americans, and it’s positive news for home buyers, sellers, lenders and the economy overall. What it signifies, according to...
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Nike sues Samitaur Constructs for $1M over unfinished Culver City office
Nike CEO Mark Parker and a rendering of 5860 Jefferson Boulevard Nike to Culver City landlord: Just do it. The Oregon sportswear brand sued Samitaur Constructs earlier this month seeking $1 million in...
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San Bernardino County retail absorption outpacing Greater L.A.
San Bernardino County had $138.17 billion in total retail sales last year, and is currently at record low unemployment (Credit: Wikimedia Commons) With land still readily available, retail continues to...
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