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Month: February 2019

Redfin lost $42M in 2018 amid advertising push

Redfin’s Glenn Kelman (Credit: Redfin) Redfin’s losses widened to $42 million in 2018, as the discount brokerage invested heavily in direct advertising to fuel its growth. Despite the slowing housing market, the Seattle-based firm said ...

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  • 14 Feb
  • The Real Deal
  • Uncategorized
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LMU plans new dorms for increased enrollment

LMU President Timothy Law Snyder and renderings of the planned dorms Facing a swelling student body, Loyola Marymount University is planning to build two student-housing buildings with more than 600 total beds on its campus in ...

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  • 14 Feb
  • The Real Deal
  • Uncategorized
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After year of snapping up companies and properties, Brookfield reports earnings in 2018

Bruce Flatt and Manhattan West Brookfield Asset Management, which gobbled up Forest City Realty Trust, General Growth Properties and Kushner Companies’ 666 Fifth Avenue is en route to becoming New York’s largest commercial landlord, ...

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  • 14 Feb
  • The Real Deal
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Planning commission green lights mixed-use complex near USC

Ventus Group Executives Scott Gale and John Booty A new sprawling complex planned for a site near the University of Southern California is making its way through the approvals process, whether opponents like it or not. On Thursday, the ...

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  • 14 Feb
  • The Real Deal
  • Uncategorized
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Hudson Pacific earnings fall 50% in Q4 but CEO bullish about year ahead

Victor Coleman and a rending of Maxwell (Credit: Hudson Pacific Properties) Despite an enviable list of tenants gearing up to lease its studio and office space, Hudson Pacific Properties saw its earnings drop by half in the fourth ...

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  • 14 Feb
  • The Real Deal
  • Uncategorized
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Case Study House No. 21 sells to film producer for $3.3M

Allison Sarofim and Case Study House No. 21 (Credit: Getty Images and Redfin) The modestly sized modernist Case Study House No. 21 in the Hollywood Hills has sold for $3.26 million, a few months after listing at $3.6 million. The home, ...

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  • 14 Feb
  • The Real Deal
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WeWork signs another lease in Downtown LA

Adam Neumann and 1031 South Broadway (Credit: Getty Images and LoopNet) In what appears to be a never-ending expansion, WeWork has inked a new lease in Downtown Los Angeles. The co-working giant will occupy about 78,000 square feet, or ...

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  • 14 Feb
  • The Real Deal
  • Uncategorized
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Gehry’s $1B The Grand project finally underway Downtown

Architect Frank Gehry and renderings of The Grand in Downtown Los Angeles, (Credit: Related Companies) A massive $1-billion development designed by Frank Gehry is finally coming to Downtown Los Angeles. Construction of  The Grand, a ...

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  • 13 Feb
  • The Real Deal
  • Uncategorized
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Mortgage servicing demand jumps across US amid housing slowdown

(Credit: iStock) Amid the recent nationwide housing market slowdown, there has been a jump in demand for servicing mortgage payments. Mortgage servicers — the first to deal with troubled mortgages — were very profitable after the last ...

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  • 13 Feb
  • The Real Deal
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Santa Barbara coastal ranch with helipads and 120 cows hits market for $110M

El Rancho Tajiguas A sweeping 3,500-acre coastal ranch outside Santa Barbara with two mansions and a working farm is on the market for $110 million. El Rancho Tajiguas, a working ranch that hugs the Pacific Coast between Santa Barbara ...

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  • 13 Feb
  • The Real Deal
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