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Month: March 2019

Sares-Regis sells Downtown Long Beach resi complex

MG Properties CEO Mark Gleiberman and Sares-Regis Principal William Thormahlen Sares-Regis Group has offloaded a Downtown Long Beach apartment complex for $49 million. The Irvine-based developer sold the 158-unit building to ...

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  • 29 Mar
  • The Real Deal
  • Uncategorized
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Mark your calendars: These are LA’s top real estate events next week

There are a couple of notable real estate events coming up next week. On April 2, the Los Angeles County Bar Association is hosting an event on Supporting Women Real Estate Attorneys at their HQ, 1055 West 7th Avenue, from 12:30 p.m. ...

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  • 29 Mar
  • The Real Deal
  • Uncategorized
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Faith-based university closes on sale of its Pasadena campus

EF CEO Edward Hult with William Carey campus William Carey International University has closed on the sale of its 15-acre Pasadena campus. The buyer, EF Education First, paid $44 million, records show. The Switzerland-based operator of ...

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  • 29 Mar
  • The Real Deal
  • Uncategorized
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Santa Monica squashes market-rate micro-unit projects…for now

Santa Monica put an emergency hold on market-rate micro units Santa Monica city leaders have placed an immediate hold on the construction of market-rate studio apartments smaller than 375 square feet, as they grapple with a sudden ...

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  • 29 Mar
  • The Real Deal
  • Uncategorized
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Activists in this city want to seize 200K apartments from landlords

“Expropriate Deutsche Wohnen and Co” founder Rouzbeh Taheri and Deutsche Wohnen apartments (Credit:Deutsche Wohnen and Berliner S-Bahn-Tisch) “Are we heading back to socialism now?” asked Germany’s largest tabloid, Bild, earlier this ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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City seeks developer for planned DTLA tower to replace Parker Center

The Parker Center in 2004 The city is beginning its search for a development team to build a new office tower at the site of the Parker Center, the former police headquarters that is part of the Civic Center. At least three are ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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Trump admin moves to end conservatorship of Freddie, Fannie

From left: Fannie Mae CEO Hugh R. Frater, President Donald Trump, and Freddie Mac CEO Donald H. Layton (Credit: Getty Images, Fannie Mae and Freddie Mac) President Trump is expected to sign a memo on Wednesday calling for an end to the ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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Billionaire co-founder of Nike takes a loss on La Quinta lot sale

Phil Knight and Madison Club (Credit: Getty Images) It wasn’t quite a swoosh: the co-founder of Nike, Phil Knight, sold his open lot in La Quinta for $2 million, taking a minor loss on the property. The billionaire had purchased the ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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@properties expanding outside Chicago with investment in Atlanta brokerage

@properties co-founder Thad Wong and Mike Golden in Atlanta (Credit: @properties and iStock) Chicago’s top residential brokerage, @properties, is expanding outside of the local market with a new investment in Georgia brokerage Ansley ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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Holy housing: Church plans residential tower in Beverly Grove

Bishop Zaidan and Our Lady of Mt. Lebanon street view rendering (Credit: Tulsa World) A Beverly Grove church is getting into the real estate game, hoping to generate revenue for its congregation while doing its part to help ease the ...

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  • 28 Mar
  • The Real Deal
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