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Month: May 2018

Realtors rejoice: NAR temporarily tables 2.5% raise on dues

Tom Riley The National Association of Realtors is holding off on increasing its annual dues by 2.5 percent — for now. The organization’s executive committee decided to postpone the proposal, which would’ve inflated dues by 2020, Inman ...

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  • 18 May
  • The Real Deal
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LA County’s top 5 multifamily investment sales in April

Bell Pasadena, with Bell Partners’ CEO Jon D. Bell The five biggest multifamily investment sales in Los Angeles County in April combined for over $206 million, down from last month’s $274 million total. Bell Partners, based in North ...

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  • 18 May
  • The Real Deal
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What to expect at RECon 2018

Industry professionals will gather in Las Vegas for the ICSC Global Retail Real Estate Convention from May 20 to 23. Tenants, who have had their backs against the wall in recent years, are expected to flex a little more muscle this ...

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  • 18 May
  • The Real Deal
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Former Miss Universe buys home of the late TV exec Michael King for $34M

Home on San Remo Drive, with Bui Simon (Berkshire Hathaway/Getty) Bui Simon, a former Miss Universe winner from Thailand, paid $33 million for the Pacific Palisades estate of the late television executive Michael King, who launched ...

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  • 18 May
  • The Real Deal
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Paul Manafort’s former son-in-law and real estate partner agrees to cooperate in Russia probe

Manafort and the 779 Stradella Road (Credit: Getty Images) Jeffrey Yohai, Paul Manafort’s former son-in-law and real estate partner, cut a plea deal with the Justice Department that could involve cooperating against the former campaign ...

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  • 18 May
  • The Real Deal
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MRK Partners scoops up 150-unit Claremont complex

The Claremont Village apartment complex in Claremont An affordable housing developer purchased a 150-unit apartment complex in Claremont for $53.5 million, according to property records. Century City-based MRK Partners paid roughly ...

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  • 17 May
  • The Real Deal
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Hot South Bay industrial market driving demand and higher prices for older properties

The ports of Los Angeles and Long Beach from Palos Verdes (Credit: Wikimedia Commons) Competition for industrial space in the South Bay is fierce and it’s driving demand from buyers and tenants who are eyeing warehouse properties they ...

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  • 17 May
  • The Real Deal
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Small-scale investors flocking to Long Beach seeking high returns

Long Beach (Credit: Wikimedia Commons) Long Beach, once known as a blue-collar port city catering to manufacturing jobs, is sleepy no more. The rising tide of the Los Angeles residential market has lately led a flock of investors to ...

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  • 17 May
  • The Real Deal
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Trump Doral earned the most of any Trump property in 2017

President Donald Trump and Mar-a-Lago (Credit: Getty Images) President Trump’s newly released financial disclosure revealed more than the $100,000 Stormy Daniels payment to his personal attorney Michael Cohen. The statement, released ...

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  • 17 May
  • The Real Deal
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Commissioners approve artist-friendly apartment project in Arts District

The seven-story building with 122 live-work lofts planned for 1800 East Seventh Street (Credit: city planning department) With artists fleeing from rapidly gentrifying downtown Los Angeles, city officials are looking to build an oasis ...

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  • 17 May
  • The Real Deal
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