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Month: April 2019

Jho Low’s former superyacht sells, marking largest recovery of funds related to 1MDB scandal

Superyacht Equanimity and Jho Low (Credit: Wikipedia) The Malaysian government has sold a superyacht from the 1MDB scandal to the casino company Genting Malaysia Bhd. for $126 million. The sale is the largest amount of money Malaysia ...

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  • 03 Apr
  • The Real Deal
  • Uncategorized
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Metro and McCormack will cut retail, add affordable housing at Taylor Yard project

Richard Baron, CEO and co-founder of McCormack Baron Salazar Amid Los Angeles’ urgent need for affordable housing, Metro and developer McCormack Baron Salazar will add more affordable units to its 16-acre Taylor Yard development ...

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  • 03 Apr
  • The Real Deal
  • Uncategorized
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LA has Clooney’s back in boycotting hotels owned by Brunei

From left: George Clooney, the Sultan of Brunei, Councilmember Paul Koretz, and the Beverly Hills Hotel (Credit: Getty Images and Wikipedia) George Clooney’s boycott of two luxury Los Angeles hotels owned by the government of Brunei ...

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  • 02 Apr
  • The Real Deal
  • Uncategorized
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HBO closes big lease at Ivy Station in Culver City: sources

WarnerMedia Chairman Robert Greenblatt, and rendering of Ivy Station (Getty/KFA) HBO has closed on its lease for the entire office portion of the mixed-use Ivy Station complex in Culver City, The Real Deal has learned. The network will ...

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  • 02 Apr
  • The Real Deal
  • Uncategorized
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50 Cent’s Connecticut compound, listed when Lehman Brothers was still in business, finally sells

50 Cent and his Farmington mansion (Credit: Getty Images, Douglas Elliman) Twelve years later, 50 Cent has finally sold his massive Connecticut estate for $2.9 million. The rapper, whose birth name is Curtis James Jackson III, bought ...

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  • 02 Apr
  • The Real Deal
  • Uncategorized
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New details emerge for Sandstone Properties’ DTLA hotel project

Eri Kroh and a rendering of The Albany Sandstone Properties revealed new details about its 730-key hotel project near Downtown Los Angeles. Dubbed the Albany, the development is slated to replace a vacant 150,000-square-foot warehouse ...

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  • 02 Apr
  • The Real Deal
  • Uncategorized
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Holland Partner Group’s 2 luxury towers add 575 units to DTLA

Holland Partner Group and MVE+Partners announced the completion of The Griffin and The Grace on Spring (Credit: Hunter Kerhart/Holland Partner Group) Development firm Holland Partner Group has added 575 residential units to Downtown ...

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  • 02 Apr
  • The Real Deal
  • Uncategorized
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Homebuying start-up Perch raises $220M in new funding round

Perch CEO Court Cunningham and homes in Texas (Credit: Perch and iStock) If you want to sell your home with one click, more and more companies are competing for your business. Perch, an iBuying start-up that buys and sells homes, has ...

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  • 02 Apr
  • The Real Deal
  • Uncategorized
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Former AEW Capital exec’s new firm plans live-work complex in South LA

Eric Samek and 3450 West 43rd Street (Credit: Google Maps) A real estate investment firm founded by a former AEW Capital Management executive has set its sights on South Los Angeles. Eric Samek, who founded Brasa Capital Management ...

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  • 02 Apr
  • The Real Deal
  • Uncategorized
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Here are the latest under 50-unit resi projects proposed in LA

From top left, clockwise: 12757 W. Mitchell Avenue, 11155 W. Huston Street, and 181 S. Virgil Avenue (Credit: Google Maps) Developers continue to mine the city’s Transit Oriented Communities incentives and are beginning to seize on the ...

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  • 01 Apr
  • The Real Deal
  • Uncategorized
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