Family-Run Japanese Hotel Chain Expands to US Gateway Markets

APA Group is expanding into US gateway cities and franchising Coast Hotels, aiming to double overseas rooms by 2031 despite loyalty program gaps. The post Family-Run Japanese Hotel Chain Expands to US Gateway Markets appeared first on Propmodo.

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Housing Market Stagnation Drives Mass Exodus From Brokerage Ranks

The real estate industry faces a major shift as thousands of agents leave amid a sluggish market, shrinking NAR membership, and rising tech competition. The post Housing Market Stagnation Drives Mass Exodus From Brokerage Ranks appeared first on Prop...

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Most Real Estate Organizations Fail to Train Employees on AI

AI is rapidly transforming commercial real estate, but new research reveals a troubling gap between adoption and employee training for effective use. The post Most Real Estate Organizations Fail to Train Employees on AI appeared first on Propmodo.

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CoStar Expands Into Residential Construction With $800 Million Zonda Buy

CoStar Group will pay $800 million for Zonda, adding residential construction data and homebuilder marketplaces to its real estate platform suite. The post CoStar Expands Into Residential Construction With $800 Million Zonda Buy appeared first on Pro...

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Trophy Office Development Returns to Midtown as Flight to Quality Persists

SL Green and Mori Building will develop an 850,000-square-foot office tower near Grand Central as trophy properties dominate Manhattan leasing. The post Trophy Office Development Returns to Midtown as Flight to Quality Persists appeared first on Prop...

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Hollywood single-family lot to be divided for development of 13 more homes

A single-family home lot in Hollywood is poised to be subdivided for the development of more than a dozen additional homes at the site.  A new application filed with the Los Angeles Department of City Planning calls for the splitting of the lot ...

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Repeat record-setting Irvine mansion may do it again with latest listing

A mansion in Irvine that has set multiple price records in the past could do it again just three years after its last sale.  Venture capitalist Chad Peets and his wife Cari listed their six-bedroom, roughly 13,000-square-foot home at 76 Golden E...

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Marriott hotel by LAX in receivership post-$45M default

A hotel about a half-mile away from LAX’s entrance was placed in receivership, according to court documents dated late May.  The court appointed GF Hotels and Resorts’ Jeff Kolessar as the receiver on the Residence Inn by Marriott LAX after ...

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MV Realty barred from CA over homeowner scam claims

A legal dispute headed for Los Angeles County court involving a Florida-based real estate firm has come to a close.  Last week, California Attorney General Rob Bonta announced a settlement with MV Realty, its CEO and its COO over a “predatory ...

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How Kanye’s former Malibu mansion showed the cracks in a home-flipper’s model

After Kanye West gutted the beachfront Malibu mansion, events at the home took a turn. Japanese architect Tadao Ando built the concrete fortress over seven years for banker Richard Sachs, finishing in 2013. Ando, who has a following among celebrities...

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Daniel Negari does it again on WeHo hotel

Pebblebrook just announced that it sold another WeHo hotel, but left the buyer a mystery.  My kneejerk reaction: Is it Daniel Negari, again? I recently profiled Negari for TRD’s monthly magazine — a piece you can read here — and this sound...

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