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Month: January 2019

State audit reveals California has undercharged users of veterans homes

(Credit: Pixabay) A state audit has revealed California has been undercharging private users of state-funded veterans facilities, thus denying veterans programs money owed to them. The California Department of Veterans Affairs, which ...

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  • 30 Jan
  • The Real Deal
  • Uncategorized
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Sweet home, Alhambra: Builder sells diabetes clinic for $15M

DaVita CEO Kent Thiry and an aerial shot of 1237 East Main Street A new dialysis clinic in Alhambra has sold for $15 million, showing the strength of a niche market catering to the chronically ill. The seller was an Alabama-based ...

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  • 30 Jan
  • The Real Deal
  • Uncategorized
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Co-working firm Spaces signs for 69k sf in Santa Monica

CBRE’s Daniel Rainer and the Water Garden in Santa Monica:  Spaces is eating up more office square footage in Los Angeles. The coworking firm, which is owned by International Workplace Group, signed a 10-year lease for 69,200 square ...

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  • 30 Jan
  • The Real Deal
  • Uncategorized
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Mayor Eric Garcetti won’t run for President, citing “exciting work to finish” in LA

LA Mayor Eric Garcetti (Credit: Nikki Ritcher, and Wikipedia) The field of candidates for the 2020 Presidential election looks to be widening, but Los Angeles Mayor Eric Garcetti says he won’t join the fray. The 47-year-old said at a ...

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  • 30 Jan
  • The Real Deal
  • Uncategorized
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Red-hot industrial market plateaued toward end of 2018: report

From left: 5959 Randolph Street, a rendering of the Torrance project, and 5300 Sheila Street Los Angeles’ industrial market cooled down in the latter half of 2018 due to limited available space and nervousness about the cycle coming to ...

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  • 29 Jan
  • The Real Deal
  • Uncategorized
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“Shovel ready” Bel Air land hits the market at $150M

10.6-acre plot in Bel Air Another large chunk of land seeking a record sale has hit the Los Angeles property market. A 10.6-acre spread overlooking the swanky Hotel Bel Air is listing for $150 million, according to Bloomberg. The ...

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  • 29 Jan
  • The Real Deal
  • Uncategorized
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Tax perk meant for mom-and-pop owners will instead benefit major property investors

(Credit: iStock) Small-time real estate investors are being blocked from a tax break that was originally meant to benefit them. The Treasury Department recently released final rules detailing how owners of businesses including limited ...

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  • 29 Jan
  • The Real Deal
  • Uncategorized
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Food delivery startup co-founder buys Hollywood Hills home for $5M

Crystal Hefner and Christian Dumontet (Credit: Ernst and Young) The co-founder of a startup acquired by food delivery giant Grubhub has a new pad in the Hollywood Hills. Christian Dumontet purchased the home of Crystal Hefner, widow of ...

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  • 29 Jan
  • The Real Deal
  • Uncategorized
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Hitting the brakes: Compass won’t expand to new markets this year

Robert Reffkin (Credit: InsideHook) After a nationwide expansion spree last year, Compass is taking a breather. The brokerage won’t enter any new markets in 2019, according to Inman. CEO Robert Reffkin said the company will instead be ...

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  • 29 Jan
  • The Real Deal
  • Uncategorized
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Movers & Shakers: Maling-Barnes team joins Avison Young, Jim Linn joins Newmark… and more

Top row: The Maling Barnes team Bottom Row, from left: Eric Roseman, John McMillan, and Jim Linn An investment sales team has jumped ship from Colliers International to Avison Young. The Maling-Barnes team, comprised of brothers Chris ...

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  • 29 Jan
  • The Real Deal
  • Uncategorized
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