MARKET NEWS
Related’s Blau on tenants with cash: “It’s their obligation to pay”
The Real Deal Los Angeles
With a $97 billion real estate portfolio, Related Companies faced a reckoning this month. But after bracing for a major loss of rental income, Related CEO Jeff Blau said “the results have been pretty good so far.” In an interview with Andrew Ross Sorkin on CNBC’s “Squawk Box,” Blau said commercial and residential tenants are by and large paying rent this month. Retailers, however, are another story. Just a few days into April, 88 percent ... The post Related’s Blau on tena ...
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‘I’m terrified’: Tenants making tough decisions about paying rent
Curbed LA - All : Love where you live
In the city of Los Angeles, landlords are not allowed to evict tenants who have been impacted by COVID-19 and are unable to pay rent. | Shutterstock They’re finding little comfort in measures designed to help them Sabrina Johnson is a personal trainer who until March worked in gyms and in clients’ homes. When Los Angeles Mayor Eric Garcetti ordered people to stay inside and forced the closure of many businesses in response to the novel coronavirus pandemic, gyms were among th ...
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Brokers must wait to tap SBA forgivable loan lifeline
The Real Deal Los Angeles
The majority of real estate brokers seeking help from the federal government’s paycheck lifeline program will have to wait until Friday to do so. The Small Business Administration’s $350 billion Paycheck Protection Program, which offers forgivable loans that can be used to cover expenses like employee salaries and rent amid the coronavirus crisis, launched on Friday. But real estate brokers and others who work as independent contractors or are self-employed will have to wait until ... ...
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Proptech and the pandemic: Will coronavirus change how real estate works?
The Real Deal Los Angeles
Proptech pioneers have long sought to disrupt the real estate industry with new ways of doing business. Will the coronavirus pandemic speed up that evolution, or be just a blip on the radar? As real estate pros nationwide have had to adopt new technologies to go about their day-to-day business in the age of social distancing, The Real Deal‘s E.B. Solomont sat down with three proptech leaders Friday, via Zoom, to discuss the short- and ... The post Proptech and the pandemic: Will coronav ...
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Former Lakers big man Tarik Black tests the market in Hollywood Hills
Hot Property
After two years in Hollywood Hills, former Laker Tarik Black has put his three-story home on the market for $2.195 million.
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Real estate and retail shutdowns drive economic slump
The Real Deal Los Angeles
The economic slowdown that is throttling the U.S. has seen economic output drop by three-quarters in some industries, including food services and arts and entertainment. In the tri-state area of New York, New Jersey and Connecticut, the coronavirus-caused slowdown is most acute in the real estate and retail sectors, according to the Wall Street Journal, citing a report from the Economic Innovation Group. A separate analysis from Moody’s found that at least a quarter of ... The post Real ...
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