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Month: October 2018

Media startup Quibi inks lease at JH Snyder’s Hollywood 959

Hollywood 959 Mobile media streaming startup Quibi is the latest tenant at Jerry Snyder’s Hollywood 959 complex. The company signed a 10-year, 49,000-square-foot lease at the West Wing building, with plans to establish its headquarters ...

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  • 25 Oct
  • The Real Deal
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At $245M, Bel Air estate touting itself as priciest listing in U.S.

Perenchio with former Bel Air Chartwell estate (Credit: Hilton & Hyland) The title for most expensive home listing in the United States now belongs to a 10-acre estate in Bel Air. For more than a year, the owners of the former ...

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  • 25 Oct
  • The Real Deal
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Elon Musk is turning garages into secret entries to his tunnels

Houses on West 119th Place and Elon Musk The first of the revolutionary Los Angeles tunnels envisioned by Elon Musk could be open to the public for free rides as early as December. The Boring Co. executive has chosen an unlikely means ...

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  • 24 Oct
  • The Real Deal
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Western Avenue Capital plans 180-unit multifamily in Arlington Heights

Joshua Kaplan and the property Western Avenue Capital, a Central Los Angeles-based real estate investment and management firm, is requesting approvals to build a large multifamily complex in Arlington Heights. The proposed project, ...

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  • 24 Oct
  • The Real Deal
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Haroni Investments plans 136-unit TOC project in South LA

1632 W. Florence Avenue (Credit: Pixabay) A local developer is planning a 136-unit apartment building in South Los Angeles with Transit-Oriented Community bonuses. Haroni Investments Inc., based south of the Fashion District near ...

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  • 24 Oct
  • The Real Deal
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New home sales see fourth consecutive month of decline

New homes sales dropped again in September (Credit: iStock) The market for new construction single-family homes is losing momentum, as sales dropped for the fourth month in a row in September. Seasonally adjusted sales of new homes ...

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  • 24 Oct
  • The Real Deal
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Viking Cruises founder anchors in Malibu for $11.4M

Torstein Hagen spent $11.4 million for a Malibu home (Credit: Wikimedia Commons) In the four months a year that Norwegian billionaire Torstein Hagen was spending in Los Angeles, he said he always chose to stay at a beachfront hotel. ...

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  • 24 Oct
  • The Real Deal
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LA says Mohamed Hadid’ $100M spec mansion not ‘ultra high-end luxury’

Mohamed Hadid and his mansion in Bel Air (Credit: Google Maps, Getty Images) Illegal construction and stalled work at Mohamed Hadid’s unfinished spec mansion in Bel Air has earned him 200 hours of community service and a lawsuit from ...

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  • 24 Oct
  • The Real Deal
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Movers & Shakers: Skanska recruits from Ratkovich Co., CBRE expands & more

Claire DeBriere and John Simones (Gary Leonard) Skanska, a New York-based investment firm, hired Claire DeBriere to serve as an executive vice president for the firm’s office in Downtown L.A. Prior to the move, DeBriere was an ...

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  • 23 Oct
  • The Real Deal
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WiredScore raises $9M in Series A

Clockwise from left: WiredScore’s Arie Barendrech and Fifth Wall Ventures’ Brendan Wallace and Brad Greiwe WiredScore, the building connectivity rating company that was once majority-owned by Jared Kushner, has raised $9 million in a ...

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  • 22 Oct
  • The Real Deal
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