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Month: September 2018

Blackstone launches $18B distressed real estate fund

Jonathan Gray and 345 Park Avenue (Credit: Getty Images) Blackstone Group is looking to raise $18 billion for its largest real estate fund to date. New York-based Blackstone will invest the money in distressed properties globally, ...

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  • 14 Sep
  • The Real Deal
  • Uncategorized
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Landmark effort could upend Jay Penske’s plan to convert Venice church

The church at 685 Westminster Avenue, Elaine Irwin, Jay Penske and Mike Bonin (Credit: Getty Images, Pixabay) Jay Penske officially has a fight on his hands over the future of the First Baptist Church in Venice. An application has ...

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  • 14 Sep
  • The Real Deal
  • Uncategorized
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Resi brokerage ups referral game with Amazon shopping list

From left: Amazon CEO Jeff Bezos, a screengrab of the Corcoran affiliate page on Amazon, and Corcoran CEO Pam Liebman (Credit: Getty Images and Amazon) Q: What do a leather pouf, UGG slippers and crystal decanter have in common? A: ...

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  • 14 Sep
  • The Real Deal
  • Uncategorized
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Mehdi Bolour faces 25 criminal charges over illegally rented Hollywood building

6362 Hollywood Boulevard and Councilmember Mitch O’Farrell Developer Mehdi Bolour may have had the most topsy-turvy week of anyone in L.A. real estate. First, The Real Deal found out his company Denley Investment & Management ...

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  • 14 Sep
  • The Real Deal
  • Uncategorized
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Perenchio family puts another Bel Air property on the market

Jerry Perenchio and the home UPDATED, Friday, 5:00 p.m.: Another Bel Air home tied to Jerry Perenchio, the late television mogul and real estate impresario, has hit the market. But unlike his iconic Chartwell listing, this one is not ...

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  • 14 Sep
  • The Real Deal
  • Uncategorized
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Where are all the Millennials going?

L.A., Chicago and New York topped a survey of Millennial populations. With today’s young adults choosing city life at a much-higher rate than in previous generations, which neighborhoods in the country are attracting the highest ...

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  • 14 Sep
  • The Real Deal
  • Uncategorized
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Planning Commission clears road to Crossroads Hollywood

A rendering of Harridge’s vision for the Crossroads of Hollywood mixed-use project. (Credit: Crossroads Hollywood) There’s one less hurdle on the path to Crossroads Hollywood. The nine-member Planning Commission advanced Harridge ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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No reservations: Latest condo amenity is resident-only restaurants

Eduardo Costantiniand the Ballerina restaurant at Oceana Bal Harbour Can a delicately prepared five-course meal be enticing enough to get a condo buyer to sign on the dotted line? The latest amenity at high-end condominium towers is ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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An LAX parking lot hits the trading block at $100M

Amalgamated Bank CEO Keith Mestrich, parking lot A chance to own a parking garage that abuts one of the country’s busiest airports is ready to take flight. Amalgamated Bank, the largest union-owned bank, has put QuickPark LAX on the ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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Tishman Speyer selling 1M sf Miracle Mile office campus: sources

Wilshire Courtyard, Tishman Speyer CEO Rob Speyer UPDATED, Thursday, Sept. 13, 3:45 p.m.: Tishman Speyer is putting the sprawling Wilshire Courtyard office campus in Miracle Mile up for sale, The Real Deal has learned. Sources close to ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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