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Month: January 2019

Hancock Park mansion once owned by Muhammad Ali seeks $17M

  Muhammad Ali and 55 South Fremont Place (Credit: Getty Images and Flickr) In his book, “Muhammad Ali: His Life and Times,” Thomas Hauser describes a Hancock Park mansion that once belonged to the heavyweight boxing champion as “the ...

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  • 17 Jan
  • The Real Deal
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UBS Realty buys Pomona development site for $32M

CBRE listing agent Jason Chao and 1400 E. Phillips Boulevard in Pomona (Credit: Google Maps) Another large development site has traded hands in the industrial-filled San Gabriel Valley. A fund tied to UBS Realty purchased a 15.9-acre ...

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  • 17 Jan
  • The Real Deal
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Student debt is hurting the housing recovery: Fed study

(Credit: iStock) It’s not the avocado toast eating into millennials’ down payment budgets. A recent report from the central banking system found that the dramatic rise in student debt is at least partially responsible for the drop in ...

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  • 17 Jan
  • The Real Deal
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Bel Air spec home could be the next reality TV star

Josh Altman from Bravo TV’s “Million Dollar Listing Los Angeles,” and the Bel Air area (Credit: Google Maps) Construction is scheduled to begin next month on a hilltop redevelopment in Bel Air that could become Los Angeles’ next ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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This watchdog group wants states to ban dual agency

(Credit: iStock) The practice of dual agency is too confusing to be allowed in the real estate industry. Or, so says one watchdog group. The Consumer Federation of America is calling for states to ban the practice and make disclosures ...

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  • 17 Jan
  • The Real Deal
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Manhattan Beach duplex with development potential trades

816 The Strand in Manhattan Beach (Credit: Redfin) A prime Manhattan Beach duplex marketed as a possible teardown has sold for $11.8 million. The existing 2,800-square-foot beach house at 816 The Strand dates from the mid-1950s and has ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Here’s why SkyBridge Capital pulled plug on Opportunity Zone venture with EJF Capital

From left: EJF’s Manny Friedman and SkyBridge’s Brett Messing and Anthony Scaramucci (Credit: HFM Global, SkyBridge Capital, and Getty Images) SkyBridge Capital and EJF Capital touted their planned $3 billion Opportunity Zone fund as a ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Here are the people, developers and projects the FBI is investigating relating to Councilman Jose Huizar probe

From left: Jose Huizar and Huang Wei (Credit: Getty Images) Los Angeles City Councilman Jose Huizar, who led the powerful Planning and Land Use Committee, has been in the hot seat since early November. That’s when the FBI raided his ...

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  • 16 Jan
  • The Real Deal
  • Uncategorized
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Brookfield drops $46M for Santa Fe Springs business park

Sperry principals Rand Sperry and Burton Young with the Colonnade Business Park (Credit: Google Maps) UPDATED, 4:11 p.m., Jan. 16: Brookfield Asset Management has bought a complex of four warehouses in Santa Fe Springs for $45.5 ...

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  • 16 Jan
  • The Real Deal
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Kennedy Wilson pays Brookfield $160M to acquire office campus in West Hills

Kennedy Wilson Chairman William McMorrow and Brookfield CEO Bruce Flatt with the West Hills office campus Kennedy Wilson has paid Brookfield $160 million to acquire a massive office campus in the San Fernando Valley, The Real Deal has ...

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  • 16 Jan
  • The Real Deal
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