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Month: January 2019

Rising Realty’s new CEO plans to invest $300M in properties outside LA

Chris Rising, Nelson Rising, and One California Plaza (Credit: Getty Images and Wikipedia) Rising Realty Partners plans to invest more than $300 million in properties in the Western U.S. over the next two to three years, with an ...

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  • 31 Jan
  • The Real Deal
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Amazon won’t use the Opportunity Zone tax break for its NYC campus

Jeff Bezos and Long Island City (Credit: Getty Images and John Gillespie via Flickr) Amazon won’t be taking advantage of the Opportunity Zone tax break in Long Island City. The tech giant confirmed it won’t pursue the incentives for ...

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  • 31 Jan
  • The Real Deal
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The Cornfield’s latest project in Chinatown is a 3-story self-storage facility

World Class Capital founder Nate Paul It’s never a bad idea to build by-right. That’s the notion behind a self-storage facility going up on a large lot in Chinatown just inside the Cornfield Arroyo-Seco Plan Area, or CASP. A ...

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  • 31 Jan
  • The Real Deal
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Home sales in SoCal drop to lowest level since recession: report

(Credit: iStock) Signs of a looming correction in Los Angeles’ housing market became even more evident in December, as the number of sales plunged to their lowest level in almost a decade. There were 5,291 home sales last month, a 20.3 ...

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  • 31 Jan
  • The Real Deal
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Spaces and Compass sign for 71k sf at IDS’ Playhouse Plaza in Pasadena

Compass CEO Robert Reffkin, Spaces CEO Martijn Roordink, and the Playhouse Plaza in Pasadena Spaces and Compass have each signed hefty leases at the Playhouse Plaza building in Pasadena. Co-working firm Spaces inked an 11-year lease ...

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  • 31 Jan
  • The Real Deal
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Brookfield just finished raising its largest real estate fund to date

Brookfield CEO Bruce Flatt and 666 Fifth Avenue (Credit: Wikipedia, Google Maps, and Pixabay) Brookfield Asset Management’s $15 billion property fund is ready to roll. The firm has finished raising money for the fund, which is the ...

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  • 31 Jan
  • The Real Deal
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Boston Properties invests in massive Silicon Valley tech complex

Construction on Platform 16 is set to begin this spring. (Credit: Kohn Pedersen Fox) Boston Properties is growing its footprint in California’s office market with a 1.1-million square-foot office complex in Silicon Valley geared to ...

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  • 31 Jan
  • The Real Deal
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Two properties tied to Woodbridge scandal sell in Beverly Hills

The home at 711 Walden Drive in Beverly Hills sold for $13.8 million Two more properties tied to Woodbridge Group of Companies’ alleged $1.2 billion Ponzi scheme have sold in Beverly Hills. The first was a mansion at 711 Walden Drive ...

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  • 30 Jan
  • The Real Deal
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Aaron Kirman’s “Listing Impossible” is LA’s latest real estate reality TV show

Aaron Kirman The Los Angeles market has lately become so crowded with properties asking pie-in-the-sky prices you’d think someone would make a show about it. And now CNBC has gone and done it. The aptly named “Listing Impossible” will ...

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  • 30 Jan
  • The Real Deal
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As brutal cold grips city, mayor invokes emergency powers against bad landlords

Chicago apartment buildings in winter (Credit: iStock) With the city locked down amid wind chills pushing 50 degrees below zero, Mayor Rahm Emanuel issued a rare order Wednesday instructing building inspectors not to wait for ...

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  • 30 Jan
  • The Real Deal
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