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Month: April 2018

Apple’s rumored DTLA retail store is having a real impact on neighboring real estate

Tower Theatre on Broadway (Credit: Wikimedia Commons, Pixabay) The latest iPhone release always attracts attention, drawing a crowd of people who wait hours outside each Apple store for their prized possession. But in Los Angeles, it’s ...

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  • 27 Apr
  • The Real Deal
  • Uncategorized
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Please, won’t someone just buy some real estate stocks?

Investors do not seem to be feeling real estate investment trusts these days, but they still love private real estate funds. REITs are trading at a 16.4 percent discount relative to their assets, which is one of the biggest gaps ever ...

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  • 27 Apr
  • The Real Deal
  • Uncategorized
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California lawmakers scale back bill to add more housing

Senator Scott Wiener and a multifamily property (Credit: Lorcan O’Herlihy Architects) California lawmakers this week reduced the requirements in a bill meant to significantly boost housing statewide to alleviate the drastic shortage. ...

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  • 27 Apr
  • The Real Deal
  • Uncategorized
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Who is Barbara Jones, special master in the Michael Cohen investigation?

Michael Cohen, Barbara Jones and the Loews Regency Hotel (Credit: Getty Images and the Loews Regency Hotel) Though federal prosecutors said it wasn’t necessary, Judge Kimba Wood selected a “special master” to review records seized in ...

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  • 27 Apr
  • The Real Deal
  • Uncategorized
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Cruzan pays $69M for Rodeo Realty HQ in Beverly Hills

The office building at 9171 Wilshire Boulevard in Beverly Hills Rodeo Realty has a new landlord. The private equity firm Cruzan paid $69 million this month for the office building at 9171 Wilshire Boulevard in Beverly Hills, property ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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Signs of life: Can LA retail rally?

CBRE, JLL and Lincoln Property are said to be pursuing the Bloc in the wake of Ratkovich’s withdrawal from the project. From the spring issue: It was an announcement that would make fellow retail developers shudder: After five years ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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Harridge pays $152M for massive Highpark housing development

26900 S. Western Ave. Harridge Development Group paid $151.6 million to acquire the massive Highpark housing development site in San Pedro, The Real Deal has learned. The project, formerly known as Ponte Vista, will deliver 676 homes ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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Sandstone Properties plans 184-unit resi at Warner Center

The existing office building at 21515 Vanowen Street Development continues to heat up in the Warner Center area. Plans were disclosed to build a 184-unit multifamily apartment building, replacing what is now a 36,800-square-foot office ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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Related takes over nearly 8K affordable units across US from Aimco

Van Nuys Section 8 senior apartment building in Downtown LA and Matthew Finkle, President of Related Affordable Aimco has left the building — affordable building. Related Companies has agreed to purchase all of the real estate ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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Malibu Beach home sales quadruple in Q1: report

Sunset at Malibu Beach (Credit: Public Domain Pictures) Malibu is proving to be one of the hottest areas in Los Angeles County, with record-breaking home sale prices and a rising number of trades. In glitzy Malibu Beach, there were 24 ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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