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Month: December 2018

Koreatown landlord plans to convert new apartment building to condos

Genesis Asset Holdings’ building under construction earlier this year (Credit: Google maps and iStock) A Koreatown landlord wants to convert a multifamily building over to condominiums, in an apparent bid to take advantage of low ...

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  • 18 Dec
  • The Real Deal
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Hotel project advances on property owned by artist Brett Goldstone

4Site Chief Principal Todd Wexman and Brett Goldstone (Credit: 4SITE and Mobilization) Artist Brett Goldstone once said he “didn’t want to be a frivolous embellisher of people’s interiors.” Yet soon enough, his own Lincoln Heights ...

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  • 18 Dec
  • The Real Deal
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CRE investors see market slowdown amid shrinking borrowing costs vs. yields

(Credit: iStock) Commercial real estate investors are looking at the difference between long-term interest rates and property yields and seeing a clear sign the current market cycle is sputtering out. That spread between rates and ...

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  • 18 Dec
  • The Real Deal
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LA has more buildings in high-risk wildfire area than any other place in California: report

Overlooking King Gillette Ranch in the Santa Monica Mountains At least 1.1 million California buildings are in a high-risk wildfire area, and there’s no greater concentration statewide than in Los Angeles. Around 114,000 structures in ...

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  • 18 Dec
  • The Real Deal
  • Uncategorized
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These were the 10 biggest projects completed in 2018

From top left, clockwise: The Next on Sixth, Sophia, Icon on Sunset Bronson Studios, and Metropolis A slew of mega-projects raced to the finish line in 2018, clearing some of the cranes and construction loading trucks clogging up Los ...

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  • 17 Dec
  • The Real Deal
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Malibu manse selling for $14M looks like something out of 007

The Ravenseye home (credit: Airbnb) A Malibu home fit for James Bond — or perhaps for one of the many villains he’s faced — has hit the market for $14 million. Harry Gesner, the influential architect, designed the 4,500-square-foot ...

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  • 17 Dec
  • The Real Deal
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Chicago’s Amazon pitch dangled $2.3B in incentives, special building permit service

A rendering of The 78 development and Jeff Bezos (Credit: Curbed  Chicago and Getty Images) Chicago’s bid to land Amazon’s second headquarters included a promise of at least $2.3 billion in incentives and special service permits for ...

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  • 17 Dec
  • The Real Deal
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A “fix and flip” company picks up Inglewood portfolio for $24M

Wedgewood Inc’ Founder Gregory Geiser (Credit: Google Maps) A multifamily developer with a track record for buying homes in distressed markets has paid $24 million for an apartment portfolio in Inglewood, the latest sign of ...

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  • 17 Dec
  • The Real Deal
  • Uncategorized
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Developer with ties to assessor accused of corruption files for Westlake project

(Credit: Getty Images and Google Maps) A Beverly Hills developer whose family was involved with a corrupt county assessor is working on a new multifamily project in Westlake. Elias Shokrian, acting through an entity named Benbaroukh ...

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  • 17 Dec
  • The Real Deal
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Eldercare facility of 1M sf planned at Northrop Grumman’s Woodland Hills site

Northrop Grumman CEO Wes Bush and the company’s Woodland Hills facility seen from Canoga Avenue A sprawling eldercare facility is being planned on a Northrup Grumman site in Woodland Hills. A filing with the city calls for a ...

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  • 17 Dec
  • The Real Deal
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