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Month: November 2018

Jose Huizar removed as chairman of influential planning committee following FBI raid

Jose Huizar and Herb Wesson Embattled Los Angeles City Councilmember Jose Huizar has been stripped of his position as chairman of the influential Planning and Land Use Committee, in the wake of an FBI raid on Huizar’s home and Council ...

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  • 16 Nov
  • The Real Deal
  • Uncategorized
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Wanda Group selling One Beverly Hills to Beny Alagem, Cain International

Wang Jianlin, Beny Alagem and One Beverly Hills In a surprising turn of events, Beny Alagem, the hotel mogul and longtime foe of One Beverly Hills, has emerged as the buyer of the sprawling hotel and condo project entitled by Dalian ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Affordable housing developers plan 140-unit project in Venice

200 Venice Boulevard and Mayor Eric Garcetti A group of community housing developers are looking to turn a city parking lot into an affordable housing complex in Venice. Hollywood Community Housing and Venice Community Housing, both ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Here are the under 50-unit resi projects proposed in LA last week

A rendering of Schon Tepler Group’s Temple Street project A 42-unit project in Westlake and two smaller multifamily projects on the northeastern edge of the San Fernando Valley were the only mid-sized proposals filed by developers last ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Commercial brokers made more money last year than ever before: NAR

Median gross annual income for commercial members hit an all-time high last year, according to the National Association of Realtors. Commercial real estate brokers, agents and appraisers made more money than ever last year, even as ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Pacific Urban Residential offloads Vue Hollywood for $45M

The Vue Hollywood Pacific Urban Residential has sold the Vue Hollywood apartment building in Hollywood for $45 million. The 92-unit multifamily sold to Phoenix Group, according to a press release from Institutional Property Advisors, a ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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“Too Big to Fail” author says WeWork may now be “too big to fail”

Adam Neumann and New York City (Credit: Getty Images and iStock) It’s been called a “$20 billion house of cards” and a “Ponzi scheme.” Now, WeWork is being called “too big to fail.” Andrew Ross Sorkin — author of “Too Big to Fail” — ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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New Bel Air spec mansion spanning 25K sf listed for $88M

Builder Ardie Tavangarian listed a new mega-mansion for $88 million. (Credit: Hilton & Hyland) The siege of spec mansions listing for more than $50 million in Bel Air shows no sign of abating. The latest edifice of extravagance ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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KimYe hire private firefighters to save $60M mansion, plus others, from blaze

Kanye West and Kim Kardashian West (Credit: Getty Images) In the celebrity world, Kim Kardashian and Kanye West have just proven that private jets aren’t the only luxury money can buy. The star couple hired a private team of ...

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  • 14 Nov
  • The Real Deal
  • Uncategorized
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Sprawling manse in Rolling Hills sells at auction for steep discount at $22M

The Turkish bath at Hacienda de la Paz They don’t call it “no reserve” for nothing. A sprawling and opulent Rolling Mills estate has sold at a no-reserve auction for $22.4 million — less than half its original asking price, according ...

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  • 14 Nov
  • The Real Deal
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