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Month: September 2018

Brightline buys high-speed rail project linking Las Vegas to L.A.

“XpressWest” – a high-speed rail project that will connect Las Vegas to Southern California, with plans to link directly to Los Angeles The 270-mile drive from Downtown Los Angeles to Las Vegas – one of the most traveled routes in the ...

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  • 19 Sep
  • The Real Deal
  • Uncategorized
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Bernard Arnault buying Rodeo Drive double-lot for $250M: sources

Bernard Arnault and the property (Credit: Jay Luchs) An entity tied to French billionaire Bernard Arnault, CEO of Louis Vuitton’s parent company, is buying a double-lot property on Rodeo Drive for about $250 million, The Real Deal has ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Details revealed for 97-unit mixed-use project in Long Beach

1112-1130 Locust Avenue in Long Beach (Credit: Pixabay) Long Beach could see not one, but two large residential projects within blocks of each other move forward this Thursday. Along with a 120-unit mixed-use project at 1105 Long Beach ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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WeWork revises non-compete agreements following settlement with NY AG

From left: Barbara Underwood and Adam Neumann (Credit: Twitter and Getty Images) The New York Attorney General’s office has reached a settlement with WeWork over non-compete agreements which the company had required almost all its ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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L’Oreal signs major lease in unincorporated Kern County

The Tejon Ranch Commerce Center in Kern County (Credit: Colliers International, iStock) One of the world’s largest cosmetics companies will soon fill up half of a 480,000 square-foot industrial center in unincorporated Kern County, ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Trump’s latest tariffs on China target steel, metal products

U.S. President Donald Trump and Chinese President Xi Jinping (Credit: Getty Images and iStock) Steel and other metal products are among the goods included in President Trump’s latest round of tariffs against Chinese imports, and come ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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All-cash buyers are growing in LA, but still lag compared to 2013

(Credit: iStock, Public Domains Pictures) The amount of all-cash buyers grew across Los Angeles during the second quarter, but still lagged post-recession levels. A new report from Attom Data Solutions, a real estate data firm, shows ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Low apartment stock could spell trouble for residents displaced by Hurricane Florence

Flooding from Hurricane Florence is seen in Leland, North Carolina, which is located just outside of Wilmington, North Carolina (Credit: Getty Images)  Low apartment inventories might make relocating residents displaced by Hurricane ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Triple Five buying Wanda’s One Beverly Hills condo-hotel project

Rendering of One Beverly Hills, with Triple Five executive Nader Ghermezian (Richard Meier) Triple Five Group, whose developments include shopping malls and entertainment complexes, is in escrow to purchase Dalian Wanda Group’s One ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Deasy Penner to buy out Podley Properties

Mike Deasy, CEO/Co-Managing Director, William Podley, Chairman of Podley Properties, which is being acquired by Deasy (Credit: Pixabay) The wave of consolidation involving California residential brokerages is showing no sign of ...

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  • 18 Sep
  • The Real Deal
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