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Cannabis Entrepreneur Carissa Davino Lists Hollywood Hills Mansion
2020 May 26, 12:01pm | 290Read More...Avanzato Technology CEO and owner Carissa Davino is hoping to flip her California mansion for $11.5 million. According to Variety, the Chicago-based vape mogul purchased the Sunset Strip property last year for $9 million in cash. The Hollywood Hills home, which spans 6,487 square feet,...
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Matthew Stafford Is Selling A 7,700-Square-Foot House With Michigan's Biggest Infinity Pool
2020 May 24, 2:48pm | 268Read More...The biggest infinity pool in Michigan is now up for grabs. Detroit Lions quarterback Matthew Stafford is selling the pool — with his gated Bloomfield Township house — for $6.5 million. The three-story home has 7,720 square feet replete with five bedrooms, five fireplaces, seven...
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BofA Downgrades Closed-End REITs On Distribution Risks
2020 May 21, 1:35pm | 286Read More...With some holdings ceasing dividend payouts, REITs are facing a hit to income potential, while lower net asset values (NAVs) have resulted in a substantial increase in the distribution rates of the funds, according to BofA Securities. Downgrades Elias Lanik downgraded the ratings for Cohen &...
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Mastercard Employees Can Work From Home Until Pandemic Is Under Control
2020 May 21, 5:54am | 388Read More...Mastercard Inc. (NYSE: MA) is reassessing its real estate needs and letting employees work from home until the COVID-19 pandemic is brought under control. What Happened The world’s second-largest payment processor is allowing employees to work from home until the pandemic is under control,...
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Who Could Win, Lose As US Homebuilding Starts Decline: Home Depot 'Performing Well' During Coronavirus Crisis
2020 May 19, 11:25am | 862Read More...The coronavirus capped groundbreaking on U.S. homebuilding projects at a five-year low for the month of April, according to a Tuesday report from the Commerce Department. “Due to recent events surrounding COVID-19, many governments and businesses are operating on a limited capacity or have...
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Pro Says To Avoid Temptation To Buy This Beaten-Up Sector
2020 May 18, 9:45am | 342Read More...The real estate investment trust sector has been the worst-performing group in the S&P 500 index, and investors should not buy the dip, according to Michael Bapis, managing director of Vios Advisors at Rockefeller Capital Management. What Happened The real estate sector is among the most...
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Real Estate Data Giant CoStar Buys Ten-X For $190M
2020 May 14, 8:04am | 362Read More...CoStar Group Inc. (NASDAQ: CSGP), a company that provides commercial real estate information and analytics, has purchased Ten-X LLC, the real-estate digital transaction platform, for $190 million. What Happened CoStar has purchased Ten-X, owner of ten-x.com, a website for real estate...
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Zillow Reports Q1 Sales Beat
2020 May 07, 4:43pm | 217Read More...Zillow Group (NASDAQ: ZG) said during the first quarter, the company sold 2,394 homes and purchased 1,479 homes through Zillow Offers, ending the quarter with 1,791 homes in inventory, down from 2,707 homes at the end of the fourth quarter. Zillow reported quarterly sales of $1.126 billion, which...
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Highlights From Sam Zell's Bloomberg Interview On Coronavirus Economy: 'Extraordinary Shock'
2020 May 06, 11:11am | 449Read More...Sam Zell expects the coronavirus pandemic to have a similar impact on the economy and society as a whole as the Great Depression, the billionaire real estate guru said on a Bloomberg TV interview. Consumer Sentiment 'Permanently Scarred' Most people who lived through the Great Depression...
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2 Of Elon Musk's Houses May Actually Be For Sale: Here's Why
2020 May 04, 9:33pm | 534Read More...True to his word, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk listed two of his houses for sale -- one of which used to be famed actor Gene Wilder's home. Last Friday, Musk said in a series of tweets that he wants to sell all of his "physical possessions" and plans to "own no...
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Power REIT To Expand Its Cannabis Facilities In Colorado
2020 May 01, 1:35pm | 387Read More...After getting $15.5 million in debt financing, Power REIT (NYSE-AMEX: PW) set aside a chunk of that cash for acquisitions. Today, it’s starting with a new cannabis cultivation facility in southern Colorado. The property, dubbed Maverick 5, spans 5,040 square-feet and, so far,...
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Alphabet, Boeing Shares Get A Lift Following Earnings, While GE Falls Short
2020 Apr 29, 10:01am | 2374Read More...Today, the intensity meter goes to 11. If the busiest earnings week of the quarter hasn’t grabbed your interest, maybe throwing in a Fed decision and key economic growth data today could get you excited. There’s also fresh positive news about a drug trial aimed at coronavirus. This is...
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Will Crisis Breed Inflation And What Can Investors Do To Prepare?
2020 Apr 27, 8:20am | 1293Read More...Given the tumult that continues to swell through global economies and financial markets, investors are faced with a variety of uncertainties regarding their investment portfolios. Between the seemingly endless economic stimulus being issued by central banks to the vague fiscal guidance coming from...
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You Can Rent The LA Home That Prince Once Purpled-Out For $80K A Month
2020 Apr 26, 2:03pm | 348Read More...A red stone driveway connects Sierra Alta Way and the buzz of the Sunset Strip to a property where you could party like it's 1999. The 2.15-acre property encompassing 1235 and 1255 Sierra Alta Way holds an 18,410-square foot mansion complete with 10 bedrooms, 13 bathrooms, a cave-like...
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Agree Realty's CEO On Why Real Estate Investors Should Know 'What Distressed Really Means'
2020 Apr 24, 2:08pm | 752Read More...On Thursday, Joey Agree, the president and CEO of Agree Realty (NYSE: ADC) joined Benzinga’s PreMarket Prep to discuss the real estate market, the impact of COVID-19 and potential opportunities to buy distressed properties. Agree shares have performed well for long-term investors since...
