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Month: January 2018

Funny money: Russell Peters wants $8.8M for Malibu home

Russell Peters and his home (Credit: Gary Gold, Hilton & Hyland, Wikimedia Commons, Max Pixel) Russell Peters, whose most famous jokes are about finding bargains, has listed his beachfront Malibu property for a heavily discounted ...

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  • 11 Jan
  • The Real Deal
  • Uncategorized
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In the weeds: Brokers actively courting marijuana industry

1114 S. Los Angeles Street (Credit: LoopNet, Public Domain Pictures) Let’s hope this property is acquired by a joint venture. New marketing materials from Cushman & Wakefield for a commercial building in Downtown Los Angeles ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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Blackstone buying Maui resort in $1.1B megadeal

Grand Wailea and Blackstone’s Jonathan Grey (Credit: GrandWailea and Wikimedia Commons) The shopping spree isn’t over yet. Blackstone Group agreed to pay $1.1 billion to acquire the Grand Wailea resort in the Hawaiian island of Maui in ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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Burner phones, fake buyers and stolen customers: When lead generation goes wrong

Photo illustration by Lexi Pilgrim for The Real Deal From TRD New York: Nathan Horne was simply calling to confirm a pre-arranged meeting. The Corcoran Group agent had bought a lead online, from a company that fed him names of people ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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Richard Neutra-designed home in Hollywood Hills hits market

2456 Astral Drive in Los Angeles (Credit: Post Rain Productions) A sleek home designed by renowned modern architect Richard Neutra has hit the market for $5.6 million. The Loring House, named after the choreographer Eugene Loring, who ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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Newmark’s IPO bombed. Here’s why

Howard Lutnick and Barry Gosin From TRD New York: Newmark Knight Frank’s blockbuster IPO in December is shaping up to be a disappointment. Blame bad timing and confusion over the company’s earnings. Newmark, which was owned by Howard ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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Here’s how the Trump admin’s El Salvador decision might play out in LA’s housing market

The El Salvador Community Corridor, along Vermont Avenue in Los Angeles (Photo by Jay L. Clendenin/Los Angeles Times via Getty Images) The Trump administration’s decision to end a special status for citizens of El Salvador could have a ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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Revealed: Plans for mixed-use creative campus in Marina del Rey

Steaven K. Jones and Lawry Meister (Credit: sjdcinc) Dog grooming facilities and automatic parking? Marina del Rey is about to get even more yuppie-friendly. A mixed-use complex set to include creative offices, luxury apartments and ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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WATCH: The women behind TRD’s January cover story sound off on RE’s gender divide

From TRD NYC: The red carpet at Sunday’s 75th annual Golden Globes resembled more of a funeral procession than a celebration of entertainment’s elite. Actors both male and female traded in colorful garb for black dress in a show of ...

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  • 09 Jan
  • The Real Deal
  • Uncategorized
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Blackstone just sold a pair of Glendale office buildings for $122M

801 N. Brand Boulevard and 700 N. Central Avenue with Danny Queenan (Credit: Google Maps, CBRE) CBRE Global Investors paid Blackstone Group $122 million, or $294 per square foot, to acquire two office buildings in Glendale in December, ...

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  • 09 Jan
  • The Real Deal
  • Uncategorized
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