MetaProp, a New York-based venture capital firm, is looking to raise $200 million — its biggest fund yet — to back later-stage proptech startups. The five-year-old company disclosed the fund, dubbed MetaProp Growth Select I, in a regulatory filing with the U.S. Securities and Exchange Commission on Wednesday. Co-founder Aaron Block is listed as the fund manager. MetaProp declined to comment. But in raising a growth fund, it appears to be shifting its focus from
Ready or not, California is poised to end its historic ban on evictions and foreclosures, a possibility that has lawmakers rushing to extend the measure. Remarks released this week by California Chief Justice Tani Cantil-Sakauye indicate that the temporary ban could be lifted as soon as Aug. 14, when the state Judicial Council will vote again. In April, the Judicial Council ruled that California courts would not process orders related to commercial and residential evictions
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A West Hollywood spec mansion tied to an heiress and accused sex cult financier has a problem with its pool. An LLC created by Clare Bronfman, daughter of former Seagram’s CEO Edgar Bronfman, has filed suit against general contractor Epic Construction and subcontractors for botching the pool design at a planned 7,000-square-foot home at 8517 Franklin Avenue. “Defendants completely failed to properly construct the pool,” states the complaint from 8517 Franklin LLC, filed Friday in
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This story was originally published in July 2020. Just over a year ago, Lyric was riding high. On the heels of a $160 million funding round led by Airbnb, the short-term rental startup was plotting a massive expansion in the spring of 2019. Employees mused about buyouts and stock options. “It was a big deal,” said a former Lyric executive who asked not to be named. “We were depending on a fundraise to grow the
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