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Month: May 2019

“Our Opportunity”: OZ Fund launched in Nipsey Hussle’s name

From left: David Gross, Nipsey Hussle, and Karen Bass Before entrepreneur and rapper Nipsey Hussle was fatally shot outside of his Marathon Clothing store in March, he was planning to rebuild those neighborhoods in South Los Angeles, ...

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  • 24 May
  • The Real Deal
  • Uncategorized
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NAR moves to nix antitrust lawsuit over broker commissions

From left: NAR president John Smaby, HomeServices of America CEO Gino Blefari, Keller Williams CEO Gary Keller, Realogy CEO Ryan Schneider and Re/Max CEO Adam Contos (Credit: Getty Images, Wikpedia, iStock, and Hitchcock + Associates) ...

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

Here are a couple of real estate events coming up next week. On May 29, Bisnow is hosting an event on the Los Angeles State of the Market at the Trust Building, 433 South Spring Street from 7:30 a.m. to 11:30 a.m. Come to this event to ...

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  • 24 May
  • The Real Deal
  • Uncategorized
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Kenneth R. Harney, syndicated real estate columnist for Washington Post, dies

Kenneth R. Harney Kenneth R. Harney, the author for four decades of the syndicated real estate column “The Nation’s Housing,” which explored issues faced by homeowners and home buyers, died May 23 at his home in Chevy Chase, Md. He was ...

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  • 24 May
  • The Real Deal
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George Soros protege buys newly built multifamily complex in Mid-City

5955 Saturn Street and Mark Sonnino (Credit: BuzzBuzzHome) A New York hedge funder who also does business in Miami is dipping his toe into the Los Angeles multifamily market. An entity tied to Mark Sonnino, protege of billionaire ...

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  • 24 May
  • The Real Deal
  • Uncategorized
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The doctor is in: Medical office complex planned near Pasadena’s Huntington Hospital

650 South Raymond Avenue (Credit: Google Maps) A local developer wants to build a medical office and retail complex with ground-floor retail near Huntington Hospital in Pasadena. The four-story building would rise at 650 S. Raymond ...

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  • 24 May
  • The Real Deal
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China’s largest bank finances long-stalled condo tower project near Staples Center

Chen Siqing, head of Industrial and Commercial Bank of China Chinese developer Full Star Properties scored a construction loan for its condominium tower project in Downtown Los Angeles, a development that first received approvals a ...

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  • 23 May
  • The Real Deal
  • Uncategorized
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Chicago banker accused of bailing Manafort out of foreclosure in exchange for Trump administration post

Paul Manafort and Stephen Calk (Credit: Getty Images) The chairman of a Chicago bank who allegedly bailed Paul Manafort out of foreclosure in exchange for a high-level post in the Trump administration was charged with bribery by ...

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  • 23 May
  • The Real Deal
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Long Beach approves ordinance that forces landlords to pay relocation fees

Long Beach Mayor Robert Garcia The Long Beach City Council has handed renters a victory. In a six-to-three vote, the council approved an ordinance that will require landlords to pay for tenant relocation fees if they increase rent by ...

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  • 23 May
  • The Real Deal
  • Uncategorized
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Home prices roar in Arlington, whimper in Manhattan post-Amazon

Crystal City, Virginia and Amazon CEO Jeff Bezos (Credit: Getty Images) Manhattan home prices have sputtered along after Amazon scuttled plans for part of its HQ2 in Long Island City, while the Arlington, Virginia market is getting a ...

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  • 23 May
  • The Real Deal
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