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Month: March 2019

Abu Dhabi’s ties with Goldman Sachs sour amid 1MDB scandal

Tim Leissner and and Roger Ng (Credit: Getty Images) Abu Dhabi’s state investment company has hit pause on new business with Goldman Sachs, which has been embroiled in the multibillion-dollar fraud scandal tied to Malaysian state ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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WATCH: TRD talks shop with the firm behind country’s largest private development

After Hudson Yards’ official opening ceremony on Friday — which featured guest speakers including none other than Big Bird — The Real Deal got a hold of the development team behind the $25 billion project. Ken Himmel, the president and ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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This week in celeb real estate: KimYe expand in Hidden Hills, Casey Wasserman drops price on Foothill Estate… and more

Kanye West and Kim Kardashian, and Cassey Wasserman and the Foothill Estate (Credit: Getty Images) Celebrities and makeup moguls breathed new life into the high-end real estate market in Los Angeles this week, interrupting the recent ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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An industrial developer sues former tenants over “decades” of contamination

2200 and 2128 Merced Avenue in South El Monte (Credit: Google Maps) What do former tenants at an industrial site owe the owner, who says they contaminated the property so thoroughly that it has been rendered unusable? Art Weiss ...

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  • 15 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 real estate events worth checking out next week! On March 21st, Connect Media is holding its Connect Los Angeles 2019 event at the Hotel Indigo Downtown Los Angeles, 899 Francisco Street from 1 p.m. to 7 p.m. This ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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Scott Gillen’s luxury Malibu cliffside community has 1st home in contract

Scott Gillen and a rendering of The Case The luxury cliffside residential community in Malibu that developer Scott Gillen is building is in contract on its first home. One of the five planned homes is in escrow for $40 million, ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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“Bulk buyers” risk it all by snapping up multiple units in luxury developments

211 individuals in New York City own between three and 10 units in a single building (Credit: Pixabay) Conventional wisdom advises real estate investors to spread their risk across a diverse portfolio. But not so for “bulk buyers” who ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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Bulls-eye: Target finally gets nod to resume construction in East Hollywood

A rendering of the project as well as the current site The East Hollywood Target super-store will be built after all. Or rather, it will be completed. Los Angeles city officials granted approval for Target to resume work on its ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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Saunders Property unloads office complex in La Mirada

Claus Dieckell, chairman at Milan Capital and the Atrium office building in La Mirada (Credit: CBRE) Saunders Property Company sold an 84,000-square-foot office building in La Mirada, unloading the property through a 1031 exchange. The ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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Mauricio Umansky hit with 2nd lawsuit over massive Malibu mansion

From left: Mauricio Umansky and Equatorial Guinea Teodoro Obiang with the Sweetwater Mesa property (Credit: Getty Images) This Malibu mansion has caused nothing but misery. The vice president of Equatorial Guinea has sued Mauricio ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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