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Month: January 2019

Fed rate may surpass 3% in 2019: Federal Reserve’s Karen Gilmore

CREW Miami President Keren Marti with Federal Reserve executive vice president Karen Gilmore (Credit: iStock) In 2019, the benchmark federal funds rate could crack the 3 percent mark for the first time in more than a decade, according ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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Despite discounts, Snap Inc. struggles to sublease Venice properties

Evan Spiegel (Credit: Getty Images, iStock, and Google Maps) When Evan Spiegel and his handful of employees outgrew his father’s Pacific Palisades house in 2012, they expanded Snap Inc.’s operation to a quaint beachfront bungalow on ...

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  • 10 Jan
  • The Real Deal
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It’s Showtime at The Lot: Network makes CIM Group’s complex new West Coast HQ

Showtime CEO David Nevins and Formosa West (Credit: Showtime and Jones Lang Lasalle) UPDATED on January 10, 2018, at 4:59 p.m.: Showtime Networks is making CIM Group’s The Lot campus in Hollywood its new West Coast headquarters. The ...

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  • 10 Jan
  • The Real Deal
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Here’s how the government shutdown could affect the housing market

(Credit: iStock) The government shutdown has no end in sight, and many federal workers are going without pay. But they’re still facing rent and mortgage payments. An estimated 800,000 workers are furloughed or working without pay as ...

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  • 10 Jan
  • The Real Deal
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Congress to investigate Trump’s Florida property sale, Deutsche Bank loans

From left: U.S. Rep. Adam Schiff, Mar-a-Lago Club, and Donald Trump (Credit: Facebook and Getty Images) The new Democratic majority in the U.S. House plans to investigate loans and real estate transactions that could tie President ...

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  • 09 Jan
  • The Real Deal
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Buyers refinance CalEdison with $111M loan

GreenOak Real Estate Advisors and Rising Realty Partners have recapitalized the historic CalEdison building in Downtown Los Angeles. The buyers secured a $111 million floating rate loan through a private lender, according to an ...

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  • 09 Jan
  • The Real Deal
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Palos Verdes estate sells for nearly half its $27M asking

Alexander Haagen III and 2701 Via Elevado (Credit: Redfin and Coachella Valley Weekly) A real estate developer who also owns the property where the annual Coachella music festival is staged, has sold his home in Palos Verdes Estates ...

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  • 09 Jan
  • The Real Deal
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Here are Google’s biggest deals in California in the last 6 months

From top left, clockwise: Westside Pavilion rendering, Google CEO Sundar Pichai, Spruce Goose rendering, The Landmark @ One Market Street, and Britannaia Shoreline Technology Park (Credit: Getty Images, Curbed LA, American Assets ...

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  • 09 Jan
  • The Real Deal
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Want to own a Corcoran office? You’ll need at least $153K

Pam Liebman and Ryan Schneider It will cost between $153,350 and $518,000 to open a Corcoran Group franchise, according to newly-filed public documents. In a franchise disclosure form filed with the Federal Trade Commission, the New ...

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  • 09 Jan
  • The Real Deal
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Encino retail landlord wants to convert a strip mall into offices

17287 W. Ventura Boulevard (Credit: Google Maps and iStock) An Encino retail landlord wants to switch things up and convert a strip mall into offices. Ira Pouratian, the Beverly Hills-based owner of 17287 W. Ventura Boulevard, filed ...

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  • 09 Jan
  • The Real Deal
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