TRD Talks: Hear from SoCal resi brokerage chiefs on how to navigate the pandemic

TRD Talks: Hear from SoCal resi brokerage chiefs on how to navigate the pandemic

Source: TheRealDeal.com

Even in the best of times, running a residential brokerage is a survival-of-the-fittest business. Razor-thin margins, demanding agents and increased competition from venture-backed firms and technology platforms are lofty challenges. But what do leaders do when the world stops? Join us Wednesday, March 25 at 2 p.m. PT as we bring together some of the leading brokerage executives in Southern California, dealmakers who have set records in the country’s luxury market while juggling the responsibilities

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Kaufman, AXA make $50M Midtown South buy

Kaufman, AXA make $50M Midtown South buy

Source: TheRealDeal.com

The Kaufman Organization has bought an office building in Midtown South for nearly $50 million. Kaufman, along with its joint-venture partner AXA Investment Managers, closed Tuesday on the purchase of the 12-story office building at 56 West 22nd Street, the buyers told The Real Deal. The purchase price of the all-cash deal, $48.5 million, works out to nearly $725 per square foot for the 67,000-square-foot building. Michael Kazmierski, president of Kaufman Investments, said the buyers

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This article was imported from an external RSS feed distributed by TheRealDeal.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Real estate stocks rebound as deal nears for massive stimulus

Real estate stocks rebound as deal nears for massive stimulus

Source: TheRealDeal.com

A day after stocks fell when Congress failed to pass a $2 trillion stimulus package, financial markets rallied on Tuesday — and with them real estate stocks — as lawmakers edged closer to a massive deal to boost the economy. The Dow Jones Industrial Average added more than 2,100 points — or about 11 percent — closing the day at 20,705. The S&P 500 closed nearly 9 percent higher. The FTSE Nareit All REITs index,

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This article was imported from an external RSS feed distributed by TheRealDeal.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Two construction sites shut down as workers get Covid-19

Two construction sites shut down as workers get Covid-19

Source: TheRealDeal.com

Construction has been temporarily halted at two major infrastructure projects, including part of the multibillion-dollar overhaul of LaGuardia Airport, after workers were diagnosed with Covid-19. Work on the western concourse at LaGuardia’s Terminal B was shut down until March 30 after one worker tested positive for the coronavirus, according to the joint venture between Skanska and the Walsh Group that is working on the project. Construction was immediately halted “on the affected section of the

Please note:

This article was imported from an external RSS feed distributed by TheRealDeal.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.

Home values in formerly redlined areas still lagging behind

Residential Sales | Zillow The value of homes in formerly redlined neighborhoods still lag behind other areas. In December 2017, the median value of a U.S. home in a redlined district stood at $276,199, 14.9 percent less than the $324,489 in non-redlined areas. The disparity was less pronounced in Manhattan. During the month, the median value of a home in a redlined area stood at $1,778,488, which is 4.4 percent less compared to the $1,860,758 […]


Source: The real deal

What’s old is new: Real estate private equity firms raise funds by emailing investors

A Chicago-based company is providing real estate investors with a somewhat retro way to raise capital — emailing really rich people. Capitalizing on changes in securities regulations around raising cash, Origin Investments is using a crowdfunding-like platform to raise money from family offices and wealthy investors through email, according to Bloomberg. The company was founded in 2007 by real estate fund managers Michael Episcope and David Scherer to invest their own money in office buildings […]


Source: The real deal