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Month: January 2018

Transit-oriented housing is ramping up in the Valley

A rendering of what a light rail transit station at Van Nuys and Victory would look like (Credit: Metro) The Valley – a suburban outpost notorious for its sprawling neighborhoods and lack of walkability – is about to get a serious ...

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  • 19 Jan
  • The Real Deal
  • Uncategorized
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Inside LA’s bid for Amazon HQ2

Los Angeles Skyline with Mayor Eric Garcetti, Jeff Bezos (Credit: Wikimedia Commons) Jeff Bezos started a Hunger Games-like competition in September, pitting cities against each other in a nationwide battle for hosting privileges of ...

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  • 19 Jan
  • The Real Deal
  • Uncategorized
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Ollie has raised $15 million to expand co-living operation

(Credit: Wikimedia Commons) Taking advantage of a tight housing market and ever-rising rents, co-living startup Ollie has just raised $15 million, and is expanding into Los Angeles. Ollie already had plans to move into the L.A. market ...

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  • 19 Jan
  • The Real Deal
  • Uncategorized
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Self-storage growth slows, but the pipeline still isn’t shrinking

(Credit: Wikimedia Commons) From TRD Miami: The steady and strong growth of self-storage is softening after years of success in the sector, market indicators show. Self-storage has for years outperformed all other major commercial ...

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  • 18 Jan
  • The Real Deal
  • Uncategorized
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Could the Malibu mudslide scare off buyers?

A dramatic landslide in Malibu put a three-story home in the 2800 block of Hume Road at risk on Wednesday, authorities said. While no one was injured and the home escaped extensive damage, even minor incidents like those present major ...

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  • 18 Jan
  • The Real Deal
  • Uncategorized
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Brookfield and Onex could pay up to $3.7B for WeWork rival

From left: IWG’s Mark Dixon, Brookfield Asset CEO Bruce Flatt and a IWG space From TRD NYC: Brookfield Asset Management and Onex are planning to bid about $3.7 billion for IWG, a WeWork rival based in Switzerland. IWG, formerly known ...

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  • 18 Jan
  • The Real Deal
  • Uncategorized
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Skanksa names new CEO of US operations amid shakeup

Richard Kennedy From TRD NYC: Construction giant Skanska has tapped a new CEO for its U.S. operations, a move that comes as the company faces lackluster profits and undergoes a significant restructuring. Richard Kennedy has been named ...

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  • 18 Jan
  • The Real Deal
  • Uncategorized
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Asking price slashed at Beverly Hills estate once owned by Cher, Eddie Murphy

Cher and the home (Credit: Wikimedia Commons, Aaron Kirman) The asking price on a sprawling Beverly Hills compound whose previous owners include celebrities like Cher and Eddie Murphy has been cut dramatically, to $69 million, from the ...

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  • 18 Jan
  • The Real Deal
  • Uncategorized
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Another Mercer Vine agent quits the team

Morgan Trent and Aaron Kirman (Credit: Wikimedia Commons, Aaron Kirman) Former NFL cornerback Morgan Trent has left Mercer Vine real estate, scrambling to Aaron Kirman’s team at Pacific Union, The Real Deal has learned. Kirman had been ...

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  • 18 Jan
  • The Real Deal
  • Uncategorized
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Buyers, beware: Nearly 40 percent of homes in LA are selling above ask

(Credit: PxHere, Wikimedia Commons) The L.A. metro area housing market is on a tear, with close to 40 percent of homes selling at $14,000 above asking price, according to a recent report from Zillow. It is an indication of heavy demand ...

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  • 18 Jan
  • The Real Deal
  • Uncategorized
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