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Month: September 2018

Video game publisher Nexon inks lease in El Segundo

A rendering of the 621 Hawaii Street property (Source: Montana Avenue Capital Partners Video game publisher Nexon America is leaving Starwood’s PCT complex for a standalone office less than two miles away. The company signed a ...

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  • 07 Sep
  • The Real Deal
  • Uncategorized
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Tencent, Warburg Pincus are betting big on China’s housing market

Tencent CEO Ma Huateng and the Beijing skyline (Credit: Getty Images and Francisco Anzola via Flickr) Chinese internet giant Tencent is betting $1 billion on one of the country’s largest brokerages. Beijing-based Lianjia is planning to ...

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  • 07 Sep
  • The Real Deal
  • Uncategorized
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A market grows for entitled LA properties

330 N. Patton Street and Keller Williams Realty agent Shawn Kormondy (Credit: iStock) Go on, take the money and run. That was the temptation facing Thomas Agius, owner of a development property in Echo Park, after a two-year ordeal ...

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  • 07 Sep
  • The Real Deal
  • Uncategorized
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Crown Equity buying Rodeo Drive property for $100M: sources

Michael Shabani and the property (Credit: WireImage/Getty Images) Crown Equity, a real estate investment company owned by Michael Shabani, is buying two storefronts on Beverly Hills’ Rodeo Drive for around $100 million, The Real Deal ...

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  • 07 Sep
  • The Real Deal
  • Uncategorized
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Here’s how Keller Williams plans to take on Zillow and Redfin

(Credit: iStock) Keller Williams wants to compete with Zillow and Redfin. The brokerage acquired SmarterAgent, a platform that connects more than 650 multiple listing services and allows brokers and agents to create branded real estate ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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First temporary homeless shelter to open in Downtown

City leaders joined to celebrate the opening of the first temporary homeless shelter (Credit: Mayor’s Office) At least 45 homeless Angelenos will be housed and given living support next week at a temporary shelter near Downtown, in the ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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National Cheat Sheet: LaSalle calls off the deal with Blackstone … & more

Clockwise from top left: Zaha Hadid’s South Beach condo sells for $5.75M, Blackstone to get $112M breakup fee as LaSalle opts for Pebblebrook’s bid, Manhattan apartment owned by German ‘punk princess’ fetches $5.2M, and Trump thinking ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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Balfour Beatty sues CIM Group over unpaid work at 2 California Plaza

CIM Group co-founder Shaul Kuba, Balfour Beatty CEO Leo Quinn, and 2 California Plaza A contractor claims CIM Group failed to pay it more than half a million dollars for work at 2 California Plaza in Downtown Los Angeles. Balfour ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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Still ready for their closeup: How these once-aspiring actors became broker stars

From left: Steve Lewis, Beth Styne, Jay Luchs, Branden Williams with James Franco and Jessica Alba (Credit: iStock) It’s clear in the mannerisms. It shows in the pretty face. It shines in the hair. And most of all, it flashes in the ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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County official admits to accepting bribes from developer Arman Gabay

Arman Gabay and the Hawthorne Plaza mall, LA Superior Court (Credit: Pixabay) A former Los Angeles County official admitted to accepting cash bribes from a prominent West Hollywood real estate developer in exchange for helping him ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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