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Month: February 2018

The first real estate-backed cryptocurrency is here

(Credit: Pexels) El Segundo-based startup Aperture Real Estate Ventures plans to launch a real estate-backed cryptocurrency by the end of February. The company said it will give investors an “opportunity to own a professionally managed ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Join Hackman Capital, Seritage Growth Properties and Culver City’s mayor at TRD’s Westside event!

The Real Deal is excited about the launch of our new quarterly event series, kicking off with our Westside Spotlight Showcase & Forum March 7 at The Water Garden in Santa Monica. Real estate’s biggest local players will explore ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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This week in celeb real estate: Tyler Perry seeks buyer for Beverly Hills flip, a supermodel relists in the Hills… and more

Tyler Perry and his estate, Rachel Hunter and her estate (Credit: IMDB, Coldwell Banker, Wikimedia Commons) Tyler Perry sure hopes so. The Hollywood actor-director is seeking to sell his Beverly Hills Post Office estate for nearly $17 ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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REITs had a bad week amid market volatility

The new year has gone from bad to worse for real estate investment trust investors, as share prices fell amid global market volatility this week. As of midday Friday, Vornado Realty Trust’s stock was down 4.3 percent since the ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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Little Tokyo office building trades for $18M

321 East 2nd Street (Credit: Charles Dunn Company) A joint venture acquired a 10-story office building in Little Toyko for $18 million, in a neighborhood that has seen a recent flurry of construction and sales activity. The buyers, ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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Real estate’s rock star: Mary Louise Perlman

 The office of Mary Lousie Perlman is a bit different from that of the typical real estate executive. For one, it includes a bass guitar and a few amps. For another, Perlman can often be spotted jamming out in her office with them. ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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Souferian Group seeks buyer for Hollywood office property

1800 N. Highland and Behzad Souferian The Souferian Group is seeking a buyer for a 92,000-square-foot office property at 1800 N. Highland in Hollywood, the company founder, Behzad Souferian, confirmed. Souferian acquired the building ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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‘American Horror Story’ house has become a nightmare: lawsuit

The Rosenheim Mansion (Credit: Wikipedia) What a nightmare. The owners of the “American Horror Story” house in Olympic Park have sued the brokers who negotiated the $3.2 million deal and the former owner for failing to disclose its ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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Zillow revenue tops $1B in 2017

Zillow CEO Spencer Rascoff (Credit: Pixabay, Wikimedia Commons, Twitter) From TRD New York: Listings giant Zillow Group generated more than $1 billion in 2017 revenue — cracking the billion-dollar mark for the first time. Boosted by ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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HNA’s 245 Park Avenue is officially for sale

Chen Feng and 245 Park Avenue HNA Group will put $4 billion in U.S. properties on the market, including 245 Park Avenue, the Manhattan office tower it paid $2.2 billion for just last year. The Chinese conglomerate is looking to address ...

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  • 08 Feb
  • The Real Deal
  • Uncategorized
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