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Month: April 2019

Developer behind $58M Ponzi scheme gets 6 years in prison

Michael D’Alessio (Credit: iStock) Westchester developer Michael D’Alessio was sentenced to six years in prison on Friday morning after pleading guilty in November to defrauding investors in his New York development projects. ...

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  • 06 Apr
  • The Real Deal
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This week in celeb real estate: Jim Belushi re-lists Brentwood villa, superstar agent finds a $19M buyer…and more

Actor Jim Belushi and Ari Emanuel (Credit: Getty Images)  This week, Brentwood took center stage as Hollywood entertainment folks looked to unload their homes in the pricey Westside neighborhood. A sprawling compound once home to both ...

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  • 05 Apr
  • The Real Deal
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Movers & Shakers: Cushman nabs multifamily team from Marcus & Millichap…and more

From left: Mark Bridge, Janet Ray, and Dan Klein An Orange County Marcus & Millichap Capital Markets team has jumped to Cushman & Wakefield. The five-person multifamily team is led by managing director Mark Bridge. He is a ...

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  • 05 Apr
  • The Real Deal
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Ares Management fund buys majority stake in Chicago apartment tower

Magellan president David Carlins and Aqua Tower (Credit: Wikipedia) Ares Management bought JPMorgan Asset Management’s majority stake in the rental portion of Aqua Tower, the wavy Jeanne Gang-designed building that presides over ...

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  • 05 Apr
  • The Real Deal
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New financial tools offer a boost to credit ratings

New financial tools have come to market that will help boost your score Here’s some good news for anyone whose credit scores aren’t quite as high as they’d like them to be: Three new financial tools have come to market — or soon will ...

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  • 05 Apr
  • The Real Deal
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Mark your calendars: These are LA’s top real estate events next week

Next week brings a few new real estate events to Los Angeles. On Thursday, April 11, the USC Gould School of Law is hosting its Real Estate Law & Business Forum at the Jonathan Club, 545 South Figueroa Street from, 7 a.m. to 5 ...

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  • 05 Apr
  • The Real Deal
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LA accuses contractor of scamming homeowners with “granny flat” scheme

LA City Attorney Mike Feuer Los Angeles is suing a local contractor, alleging the company defrauded homeowners of more than $1 million in a scam involving the construction of so-called “granny flats.” The L.A. city attorney filed the ...

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  • 05 Apr
  • The Real Deal
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National Cheat Sheet: SoftBank mulls $15B addition to Vision Fund, Compass buys Stribling… & more

Clockwise from top left: SoftBank Group mulls adding $15B to its Vision Fund, Compass plans to buy New York City-based Stribling & Associates, Google adds a vacation rental feature to its hotel booking platform and Cushman & ...

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  • 05 Apr
  • The Real Deal
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Beverly Hills is enacting stronger rent regulations, even for luxury renters

Beverly Hills City Council (Credit: Flickr) Municipalities around Los Angeles like Inglewood, Glendale and Long Beach have been strengthening their rent regulations over the last several months, instituting new protections for renters, ...

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  • 04 Apr
  • The Real Deal
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Harbor Associates signs 2 firms to nearly 100K sf at its Ventura office park

Joon Choi, principal at Harbor Associates, with 2380 Conejo Spectrum Street in Thousand Oaks. (Credit: CBRE) Harbor Associates has signed a biotech firm and a publishing company to separate leases at its Thousand Oaks office campus, ...

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  • 04 Apr
  • The Real Deal
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