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Month: October 2018

Related Companies placing $3B bet on luxury senior housing

Related Companies’ Bryan Cho (Credit: The Bowery Mission) Related Companies sees a golden opportunity in seniors with a taste for luxury. The company announced this week that it plans to build $3 billion worth of high-rise luxury ...

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  • 17 Oct
  • The Real Deal
  • Uncategorized
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TRD LA’s fall issue will be available to subscribers This Friday!

Digital subscribers will get an exclusive first look at the new issue The Real Deal LA’s fall 2018 issue is almost here, and it’s jam-packed with juicy stories and rankings. Next week, digital subscribers will get first dibs on reading ...

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  • 17 Oct
  • The Real Deal
  • Uncategorized
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Developers no longer need City Council approval letter to build affordable housing

California Governor Jerry Brown and Los Angeles City Hall (Credit: Neon Tommy via Flickr) The need for affordable housing and housing for the homeless in Los Angeles is pressing. Now, building those properties just got a little easier ...

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  • 17 Oct
  • The Real Deal
  • Uncategorized
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With IPO ahead, Compass lures agents with stock options

Compass CEO Robert Reffkin After raising $400 million last month in its latest funding round, Compass appears heading toward an IPO within 24 months. And now, it’s offering agents stock options. For every dollar the agent invests, for ...

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  • 17 Oct
  • The Real Deal
  • Uncategorized
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Senator says Opportunity Zones guidelines will be released soon

Tim Scott (Credit: Economic Innovation Group) The federal Opportunity Zones program has drawn increasing interest — despite limited details on its rules — from real estate investors and developers who have launched funds to take ...

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  • 16 Oct
  • The Real Deal
  • Uncategorized
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California NAACP president criticized for work as paid consultant on anti-Prop 10 campaign

California NAACP President Alice Huffman and an apartment building in Los Angeles The president of the California chapter of the National Association for the Advancement of Colored People is under fire for taking money from a campaign ...

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  • 16 Oct
  • The Real Deal
  • Uncategorized
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Koreatown developer faces blowback from Planning Commission

Hankook Property Management’s Kee Whan Ha and 1000 S. Vermont Avenue The Los Angeles Planning Commission has shot down — for the moment — plans to redevelop a full-block on a busy Koreatown street, claiming the developer was unprepared ...

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  • 16 Oct
  • The Real Deal
  • Uncategorized
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Industrial investors buoyed by strong economy and e-commerce, but wary of tariffs and interest rates

(Credit: iStock) Boosted by e-commerce and steady economic growth, investors are shaking off their doubts over the staying power of the country’s industrial development boom. Nearly half of investors surveyed in Real Capital Markets’ ...

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  • 16 Oct
  • The Real Deal
  • Uncategorized
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Hackman Capital in contract to purchase historic CBS campus

Hackman Capital Partners CEO Michael Hackman and the Television City campus Developer Hackman Capital Partners has won out in its bid to acquire the historic CBS Television City studio complex, closing the loop on a year-long search ...

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  • 16 Oct
  • The Real Deal
  • Uncategorized
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Co-living concept might be finally taking off

(Credit: iStock) Co-living may have reached its maturity phase. The concept is less than 10 years old, but developers are now getting ready to build some of the continent’s biggest new co-living properties, indicating its growing ...

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  • 16 Oct
  • The Real Deal
  • Uncategorized
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