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Month: April 2018

Bruce Makowsky relists Bel Air spec home for $188M

The spec house in Bel Air and Bruce Makowsky (Credit: Makowsky via LA Times, Getty) Bruce Makowsky’s sprawling mansion featuring a moat-like canal and Louis Vuitton-designed bowling alley is back on the market. It’s still wildly ...

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  • 16 Apr
  • The Real Deal
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Average construction costs jumped nationally year-over-year

(Credit: Rider Levett Bucknall) Average construction costs across the U.S. rose 4.2 percent last year, with Los Angeles logging the largest uptick, according to a new report. Costs jumped 7.59 percent from January 2017 to January 2018, ...

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  • 16 Apr
  • The Real Deal
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LaSalle seeks $1B for latest value-add real estate fund

Miami Tower, sold by a previous Income & Growth Fund in 2016 (Credit: Wikimedia Commons) LaSalle Investment Management is looking for $1 billion for its latest value-add real estate fund. The firm, an arm of JLL, will call the ...

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  • 16 Apr
  • The Real Deal
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WeWork venture just spent a ton of money on this London office complex

Devonshire Square and Adam Neumann WeWork has money to spend on trophy properties, and spend they will. The co-working giant partnered with two other companies to purchase a warehouse/office complex in London for about $826 million. ...

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  • 16 Apr
  • The Real Deal
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Hard Rock Cafe co-founder Peter Morton nears record-breaking $110M home sale

Peter Morton and the home (Credit: Richard Meier, Wikimedia Commons) Peter Morton, best known for co-founding the Hard Rock Cafe chain, is trying to give two fellow moguls a run for their money when it comes to home sale prices. The ...

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  • 16 Apr
  • The Real Deal
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California’s housing shortage is the biggest in the nation, by far

Single family home in California (Credit: IRA) Nearly half of U.S. states aren’t producing enough housing to keep up with growing demand and California is the biggest culprit, according to one measure of production over the last 15 ...

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  • 16 Apr
  • The Real Deal
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This week in celeb real estate: Ben Affleck puts down roots in the Palisades, nightclub owner Sam Nazarian relists…and more

Sam Nazarian and Ben Affleck Ben Affleck, he of the “Good Will Hunting” and “Batman” franchise, is close to buying a mansion in the Pacific Palisades, just a few blocks away from his former pad. Spanning 12,850 square feet, the $19.25 ...

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  • 14 Apr
  • The Real Deal
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US Attorney to Michael Cohen: You’re hardly a lawyer

From left: Deputy US Attorney Robert Khuzami, Michael Cohen and Loews Regency Hotel President Trump’s personal attorney Michael Cohen shouldn’t receive any special access to evidence against him that was confiscated in a raid at the ...

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  • 13 Apr
  • The Real Deal
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WATCH: Where Elon Musk’s Hyperloop could go in NYC — if it ever happens

 For most, the idea of traffic-less, headache-free travel is nothing but a pipe dream. For Elon Musk, it could be the future of mass transit. Last summer, the tech mogul tweeted that he received “verbal govt approval” for his fabeled ...

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  • 13 Apr
  • The Real Deal
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Ben Affleck snags mansion in Pacific Palisades for $19M

Ben Affleck and the property (Credit: Gary Glass Estates, Wikimedia Commons) Ben Affleck is done with hunting, house hunting that is. The actor is in the middle of closing on a 12,850-square-foot mansion in the Pacific Palisades for ...

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  • 13 Apr
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