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Real estate agents got $3.9 billion in Covid relief PPP loans. The housing market boomed, but few repaid the loans.
While Covid was battering the U.S. economy, Gary Goldberg seems to have done OK. During 2020, the pandemic’s first year, the Santa Barbara, California, real estate agent sold more than $27 million worth of luxury homes, slightly down from the $31 million he closed the year before, according to data from Zillow. In 2021, he sold $82 million worth of real estate. He also applied for and received two loans totaling $95,832 via the federal government’s Covid relief Paycheck Protection Program, according to public records. In his applications, he listed one employee. He asked for the first loan on April 15, 2020, and the second on Jan. 30, 2021. Federal records show…
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DIY Home Improvement Retailing Market Size to Grow by USD 26.42 Billion in Europe: By Product, Distribution Channel, and Geography
The report offers an in-depth analysis of recent developments, changes in market regulations, product approvals, product launches, and the market behavior across segments such as product (lumber and landscape management, decor and indoor garden, kitchen, painting and wallpaper, and others), distribution channel (offline and online), and geography (Germany, France, the UK, Italy, and the Rest of Europe). This report helps businesses create strategies to make the most of future growth opportunities. Didn’t Find What You Were Looking For Customize Report-Speak to our Analyst now! to take full advantage of every opportunity using competitive analysis created just for you “Rising interest in DIY home improvement projects will be crucial in driving the…
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Global Commercial Real Estate (CRE) Software Market Foreseen to Grow Exponentially Over USD 4.42 Billion By 2030
Fior Industry Study LLP Advancement development is the technological progress, these types of as the speedier deployment of true estate application on-premises or in the cloud. Newark, NJ, May possibly 12, 2022 (World NEWSWIRE) — As for every the report revealed title, the world professional serious estate (CRE) software market place is anticipated to mature from USD 2.59 billion in 2021 to USD 4.42 billion by 2030, at a CAGR of 6.11{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} for the duration of the forecast period 2022-2030. The proliferation of digitalization of the business is anticipated to grow demand from customers for the professional actual estate (CRE) software marketplace throughout the projection period of time. Further more,…
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Furniture Rental Service Market Worth USD 139.05 Billion by
Pune, India, May 11, 2022 (GLOBE NEWSWIRE) — The furniture rental service market size is predicted to reach USD 139.05 billion by 2029 and exhibit a CAGR of 9.6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} during the forecast period. Fortune Business InsightsTM has presented this information in its report titled, “Furniture Rental Service Market, 2022-2029”. The market value stood at USD 67.83 billion in 2021 and USD 73.19 billion in 2022. To meet the interior requirements of their indoor areas, most households rely on rental furnishings. Additionally, students prefer to use hired seats and tables to satisfy the study needs of their co-living areas. INHABITER, CORT, and other recent online furniture rental platforms are expected to considerably increase service demand among the…
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JLL Income Property Trust Increases and Extends $1 Billion Credit Facility
CHICAGO, Might 3, 2022 /PRNewswire/ — JLL Money Home Have faith in, an institutionally managed everyday NAV REIT (NASDAQ: ZIPTAX ZIPTMX ZIPIAX ZIPIMX) with $6.3 billion in portfolio property right now announced it has secured a $1 billion credit score facility with a syndicate of nine sector-major real estate lenders. The credit history facility incorporates a $600 million revolving line of credit history and a $400 million time period personal loan with an accordion characteristic that can improve the facility up to a total of $1.3 billion. It has a three-yr expression, moreover extension selections and bears an interest amount dependent on Modified Phrase SOFR as well as .10{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}, moreover…
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Affiliates of Blackstone Real Estate to Acquire PS Business Parks, Inc. for $7.6 Billion
GLENDALE, Calif. and NEW YORK, April 25, 2022–(Business enterprise WIRE)–PS Small business Parks, Inc. (NYSE:PSB) (“PSB” or the “Organization”) and Blackstone (NYSE:BX) now announced that they have entered into a definitive settlement less than which affiliates of Blackstone True Estate (“Blackstone”) will get all exceptional shares of typical stock of PSB for $187.50 for every share in an all-funds transaction valued at somewhere around $7.6 billion, such as transaction bills. The invest in rate represents a premium of around 15{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} to the volume weighted regular share selling price about the past 60 days. Beneath the conditions of the arrangement, which has been unanimously permitted by PSB’s Board of Administrators, Blackstone…
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