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Month: June 2019

Inglewood is latest city to approve permanent rent control measure

Inglewood Mayor James Butts and a rendering of Inglewood Add Inglewood to the growing list of municipalities taking rent control into their own hands. The Inglewood City Council on Tuesday unanimously voted in favor of permanent rent ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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Lennar closes $1.3B fund to invest in multifamily projects across US

Stuart Miller and a rendering of a Lenner development Lennar Corp.’s multifamily arm closed a $1.3 billion fund that will invest in apartment projects in large U.S. cities. LMC, a subsidiary of Miami-based Lennar Corp. announced the ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman The Relevant Group has spent several years building a boutique hotel empire in Hollywood. But in a lawsuit filed in federal court, the developer claims the ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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Tishman Speyer joins with Canadian investment vehicle to boost portfolio in gateway cities

Tishman Speyer CEO Rob Speyer and IMCO Ceo Bert Clark with New York and Los Angeles (Credit: Getty Images and IMCO) Tishman Speyer has entered into a joint venture with a Canadian asset manager to invest $500 million into projects in ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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Movers & Shakers: Dan Urbach exits the Agency for Compass, Avison Young names COO…and more

From left: Avison Young’s Martin Dockrill , Dan Urbach and Grant Alexander A top-producing agent at the Agency has left the firm to join Compass. Dan Urbach and his longtime associate Candace Fengler will be based in Compass’ Pacific ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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Bridge Development’s massive industrial presence in LA just got bigger

From left: Brian Wilson, and Steve Poulos with the property Bridge Development Partners is growing its already massive industrial portfolio with a new development that will rise just south of Downtown Los Angeles, in what remains the ...

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  • 11 Jun
  • The Real Deal
  • Uncategorized
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Krispy Kreme is getting a Times Square flagship — with a “glaze waterfall”

A rendering of Krispy Kreme’s Time Square flagship Times Square, a dizzying maze of lights, colors and sounds, is about to get even more extra. Donut company Krispy Kreme announced plans Monday for a 4,500-square-foot flagship store at ...

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  • 11 Jun
  • The Real Deal
  • Uncategorized
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NY Life Insurance pays $103M for North Hollywood office building

New York Life Ted Mathasand 5161 Lankershim New York Life Insurance Company has paid $102.7 million to acquire a recently renovated WeWork-leased office building in North Hollywood, The Real Deal has learned. Boston-based Beacon ...

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  • 11 Jun
  • The Real Deal
  • Uncategorized
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Trump Org sells off Beverly Hills home

Donald Trump and the home at 809 N. Canon Drive. (Credit: Getty Images, and Google Maps) The Trump Organization has sold one of its last remaining properties in Los Angeles, a home on North Canon Drive in Beverly Hills. The company, ...

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  • 11 Jun
  • The Real Deal
  • Uncategorized
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Who says LA spec homes can’t sell? This one in Hidden Hills broke a record

Partners Capital Solutions Gary Leff and the property A Hidden Hills spec home that shaved $2.5 million off its original asking price still managed to secure the highest sale ever in the exclusive neighborhood. The nearly ...

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  • 11 Jun
  • The Real Deal
  • Uncategorized
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