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Month: August 2018

Lendlease launches $2B multifamily fund

A rendering of Southbank in Chicago (top), Slip 65 at Clippership Wharf in Boston (bottom), and Jason Alderman of Lendlease (Credit: Lendlease and CL Properties) Australia-based construction giant Lendlease has co-launched a ...

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  • 22 Aug
  • The Real Deal
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Cain International buys into Beny Alagem’s Beverly Hilton

The Beverly Hilton with Cain International CEO Jonathan Goldstein and Beny Alagem Beny Alagem has a new partner in the Beverly Hilton and Waldorf Astoria Beverly Hills. The Beverly Hills hotel mogul inked a partnership deal with ...

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  • 22 Aug
  • The Real Deal
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Dual agency dispute serves as a warning sign for brokers

(Credit: iStock) In spring of 2017, Pamela Goldstein spotted a $599,000 listing for a Colonial-style four-bedroom home in the Hartsdale section of Greenburgh. She contacted the listing agent, Gino Bello at Houlihan Lawrence, and ...

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  • 22 Aug
  • The Real Deal
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Preservationists dealt blow in latest fight against Crossroads project

Bob Blumenfield, Selma las Palmas Courtyard Apartments (Credit: Cultural Heritage Commission) A Los Angeles City Council committee has voted against landmarking four properties in Hollywood that are standing in the way of the ...

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  • 22 Aug
  • The Real Deal
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Nonbanks eat up lending market share with 40% increase in loan origination

California State Teachers’ Retirement System CEO Jack Ehnes and Children’s Investment Fund Foundation CEO Kate Hampton (Credit: Getty, Twitter, and iStock) While banks struggle with financial regulations, non-conventional lenders are ...

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  • 22 Aug
  • The Real Deal
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Canadian firm plans $450M industrial project in the Inland Empire

Daniel Fournier and the property A Canadian firm is looking to scoop up a piece of Southern California’s tight industrial market. A joint venture between Ivanhoe Cambridge, a Montreal-based real estate firm, and Newport Beach-based ...

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  • 22 Aug
  • The Real Deal
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City officials sign off on celeb-backed Arts Club on Sunset Strip

Gwyneth Paltrow and a rendering of 8920 Sunset Boulevard The West Hollywood City Council gave final approvals for the Arts Club late Monday evening, paving the way for another posh members-only club to rise on the Sunset Strip. All but ...

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  • 21 Aug
  • The Real Deal
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Brookfield’s plan for GGP: Add housing, office, hotels to underperforming malls

The Water Tower Place mall in Chicago and Brookfield Property Partners CEO Ric Clark (Credit: Gabe Popa via Flickr and Getty Images) Brookfield Property Partners is wasting no time with its plan to turn around General Growth ...

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  • 21 Aug
  • The Real Deal
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Westlake condo project planned amid rising home prices

2841-2853 W. Leeward Avenue A developer is planning a 46-unit condominium in Westlake near MacArthur Park, where housing prices have risen sharply in recent years. The project will combine two lots, at 2841-2853 West Leeward Avenue, ...

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  • 21 Aug
  • The Real Deal
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Compass to acquire Pacific Union in blockbuster deal

Mark McLaughlin and Robert Reffkin (Credit: Jeff Newton, iStock) UPDATED, August 21, 2:50 p.m.: Compass is closing in on a blockbuster deal to buy Pacific Union International Realty, one of the largest brokerages on the West Coast, ...

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  • 21 Aug
  • The Real Deal
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