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Month: January 2019

What housing slowdown? Lennar’s stock rises after homebuilder reports uptick in potential buyers

Stuart Miller CEO of Lennar and a Lennar home (Credit: Builder Magazine and iStock) Lennar, the country’s biggest homebuilder, missed analysts expectations for sales and new home orders in the fourth quarter, but its stock still ...

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  • 09 Jan
  • The Real Deal
  • Uncategorized
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Judge orders names, photographs tied to Hadid bribery probe to be released

Mohamed Hadid and half-built property on Strada Vecchia (Credit: Getty Images) The judge overseeing the case involving neighbors seeking to tear down developer Mohamed Hadid’s half-built Bel Air mansion ordered city officials to ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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Trader Joe’s inks 16k lease at huge NoHo mall conversion

NoHo West (Credit: Wikipedia and Trader Joes) Trader Joe’s has signed a new lease at NoHo West, the 25-acre project to redevelop a defunct shopping center in North Hollywood. The grocery store will take up 15,900 square feet of space ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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Join The Real Deal’s Opportunity Zones workshop at Future City 2019

One of the key architects of the Opportunity Zone legislation, Steve Glickman, will join Skybridge Capital’s Anthony Scaramucci and Youngwoo & Associates’ Young Woo, among others, at The Real Deal‘s Future City 2019 for a workshop ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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Bahador Mahboubi sued for refusing to remove plastic surgeon’s Rodeo Drive sign

421 N. Rodeo Drive (Credit: Google Maps and iStock) UPDATED on Jan. 8, 2018, at 5:27 p.m.:  Beverly Hills landlord Bahador Mahboubi is caught up in a dispute between two competing plastic surgeons with offices at one of his Rodeo Drive ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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Trevor Noah spends $21M on Bel Air spec home

Trevor Noah and his new Bel Air home (Credit: Getty Images and MLS) A newly single Trevor Noah has acquired an enviable bachelor pad. The South African host of “The Daily Show” on Comedy Central spent $20.5 million on a spec home in ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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Real estate data firm ATTOM acquired by private equity shop

Lovell Minnick Partners’ Jason Barg and ATTOM Data Solutions CEO Rob Barber (Credit: Lovel Minnick Partners and ATTOM) Private equity firm Lovell Minnick Partners has acquired Irvine, California-based ATTOM Data Solutions, the ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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The what company? WeWork rebrands as SoftBank short-circuits funding

(Credit: Wikipedia and Graffiti Fonts) A day after reports emerged that Japanese conglomerate SoftBank Group had slashed its planned funding for WeWork from $16 billion to $2 billion, the co-working giant has announced it will rebrand. ...

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  • 08 Jan
  • The Real Deal
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Expecting a safe haven, REITs investors found no calm in 2018

(Credit: iStock) Investors across the country increasingly turned to real estate investment trusts in 2018 as a way to diversify from a volatile stock market, but things didn’t always go quite as planned. Mutual funds and ...

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  • 07 Jan
  • The Real Deal
  • Uncategorized
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West Hollywood to consider 40-unit multifamily project for Santa Monica Blvd

Rendering of 7424 Santa Monica Boulevard West Hollywood officials will mull a plan for a 40-unit mixed-use apartment building this week. The Planning Commission’s Design Review Subcommittee will review a five-story project for 7424 ...

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  • 07 Jan
  • The Real Deal
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