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Month: April 2018

Job search agency CEO lands $85M Bel Air compound

(Credit: John Pawson) The mystery buyer behind a sleek modernist manse in Bel Air is a discreet tech CEO named Hideki Tomita. Tomita paid $85 million for the property, after it was first listed in September for $125 million, according ...

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  • 03 Apr
  • The Real Deal
  • Uncategorized
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Rough cut: How the global diamond trade shaped New York’s skyline

(Illustration by Brian Stauffer) There are figurative cutthroat businesses, and there are literal ones. Yitzchak Tessler knows the difference. Chain-smoking in his Midtown office, he recalled his days flying from South Africa into ...

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  • 03 Apr
  • The Real Deal
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Finally off the Bloc: Ratkovich Co. sells stake in massive mixed-use development

The Bloc (The Ratkovich Co.) The Ratkovich Co. is officially out of the Bloc. After struggling to get the 1.8-million-square-foot mixed-use complex off the ground, Wayne Ratkovich’s development firm has sold its stake in the project to ...

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  • 02 Apr
  • The Real Deal
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Combo hotel services and co-working firm wants to make waves in LA

A Selina location in Medellin, Colombia (Credit: Selina) There’s a new variation on co-working, and it’s heading to Los Angeles. Panama-based Selina offers hotel services, co-working space and even wellness classes to its clients. ...

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  • 02 Apr
  • The Real Deal
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Fashion shows, ballroom dancers and Nicki Minaj: What brokers do when an open house isn’t enough

Clockwise from top left: Ballroom dancing at 100 Barclay Street, a fashion show at 251 East 61st Street and an art show at 45 Lispenard Street   One night, an Upper East Side townhouse turned into a Parisian-style fashion show. At 251 ...

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  • 02 Apr
  • The Real Deal
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The green cards never came! EB-5 investors allege fraud

California Investment Immigration Fund, LLC operated out this space at a Hilton-brand hotel in San Gabriel, California (Credit: Pixabay) A trio of Chinese investors is suing a California family that operated as EB-5 visa ...

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  • 02 Apr
  • The Real Deal
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Why Downtown Broadway’s big comeback is still a work in progress

(Credit: Bringing Back Broadway) In 2008, Los Angeles kicked off an ambitious, decade-long strategic economic development campaign to boost the historic but faded Broadway corridor and revitalize its real estate stock. In the following ...

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  • 02 Apr
  • The Real Deal
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When building a megamansion goes wayyy over budget

(Credit from back: Pixabay, Images Money/Flickr) Be careful what you wish for — and who you hire to build a dream house. Ziad Ghandour hired Lendlease, a commercial builder inexperienced in building luxury homes, because, he says, ...

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  • 01 Apr
  • The Real Deal
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