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Month: November 2018

LA County’s top 5 multifamily investment sales of October

Pacific Urban Residential co-founder and CEO Alfred Pace and Vue at Warner Center The five biggest multifamily investment sales in October totaled just $143.5 million in October, reflecting a sharp drop from September’s $505 million. ...

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  • 22 Nov
  • The Real Deal
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Inglewood scores hotel approval near stadium complex

Ian Carter, Christoper Nassetta and a rendering of the Tru by Hilton Inglewood extended its winning streak when it scored approval for a hotel development by Hilton near the future football stadium. The city approved a six-story, ...

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  • 22 Nov
  • The Real Deal
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Anbang taps Bank of America to help with $5.5B hotel sale

From left: Westin Saint Francis Hotel in San Francisco and JW Marriott Essex House in New York (Credit: Ciao Bambino and Wikipedia) Bank of America will help Anbang Insurance Group sell its $5.5 billion portfolio of luxury hotels in ...

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  • 21 Nov
  • The Real Deal
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Luzzatto to convert South LA warehouse to creative offices

Marc Luzzatto and 3636 South Bronson Avenue (Credit: Google Maps) Local developer Luzzatto Company wants to bring creative offices to Metro’s planned Crenshaw Line construction, banking on the city’s transit expansion. The Beverly ...

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  • 21 Nov
  • The Real Deal
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Welcome to the wild world of private citizens buying bad mortgages

(Credit: iStock) Homeowners who had long stopped paying their mortgages are meeting a new type of debt collector: complete strangers who buy their mortgages, sometimes for as little as $1, and collect the remaining debt. There is about ...

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  • 21 Nov
  • The Real Deal
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Voters will decide fate of Arts Club in West Hollywood

A rendering of the Arts Club. The posh members-only Arts Club is now in the hands of West Hollywood voters. The West Hollywood City Council approved a measure that will allow residents to vote in the city’s March election on whether ...

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  • 21 Nov
  • The Real Deal
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Insider gentrifying: Amazon employees buy LIC condos before HQ2 announcement

Brendan Aguayo and Galarie at 22-18 Jackson Avenue (Credit: Halstead) Buyer interest in Long Island City has spiked since the announcement that Amazon will build a new campus in the neighborhood. But some employees snagged condos there ...

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  • 21 Nov
  • The Real Deal
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Feds tie another alleged $1B money laundering scheme to Porsche Design Tower, along with NY properties

From left: 20 West 53rd Street in New York, Porsche Design Tower, 144 Isla Dorada Blvd in Miami, and Raúl Gorrín (Credit: Redfin, Porsche, and Wikipedia) Federal authorities charged a Venezuelan TV magnate for his role in a ...

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  • 21 Nov
  • The Real Deal
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These are LA County’s top 5 retail investment sales of October

357 North La Brea and 457 North Rodeo   For the second month in a row, Rodeo Drive dominated the list of retail investment sales in Los Angeles County. The famed Beverly Hills corridor saw one major sale in the top five during October. ...

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  • 21 Nov
  • The Real Deal
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Apollo aims for $1B for third real estate fund

Leon Black of Apollo Global Management (Credit: Getty Images) Apollo Global Management plans to start raising a new real estate investment fund. The private equity company has held talks with potential investors for what would be its ...

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  • 21 Nov
  • The Real Deal
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