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Month: June 2019

This Beverly Hills mansion with shell stone walls just listed for $47M

1500 Gilcrest Drive (Credit: Coldwell Banker) A Beverly Hills mansion has listed for $46.8 million, adding to the substantial number of luxury properties in the $40 million to $50 million range that hit the market over the last year. ...

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  • 06 Jun
  • The Real Deal
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In the Bay Area, “affordable housing” is relative

Realtor.com Chief Economist Danielle Hale and San Francisco Housing has become “more affordable” in some major metro areas across the country over the last year, including some unlikely places like the notoriously expensive San ...

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  • 06 Jun
  • The Real Deal
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Mortgage rates plummet to lowest levels in nearly 2 years

Mortgage rates are still falling (Credit: iStock) Mortgage rates fell for the sixth straight week, hitting their lowest point since September 2017. The 30-year fixed-rate average slid to 3.82 percent and the 15-year rate hit 3.28 ...

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  • 06 Jun
  • The Real Deal
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In Bel Air, a plot of dirt spanning 258 acres gets 40% price chop

Brokers Scott Tamkin, Melinda Tamkin, and a rendering of Senderos Canyon As the luxury real estate community was whispering about the record-breaking ask on the Mountain of Beverly Hills, the seller of another swath of undeveloped land ...

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  • 06 Jun
  • The Real Deal
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This is how much Michael Dell paid for the 1,000-plus room Boca Raton Resort

Jonathan Gray, Michael Dell and Boca Raton Resort (Credit: Booking) Billionaire Michael Dell paid $461.6 million for the waterfront 1,047-room Boca Raton Resort & Club in one of the largest hotel sales in South Florida in recent ...

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  • 06 Jun
  • The Real Deal
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Barker Pacific closes big self-storage portfolio purchase in Inland Empire

CEO Michael Barker and the property Barker Pacific Group has acquired a three-property self-storage portfolio in Inland Empire, which remains the country’s most active industrial market. The seller was Aim All Storage, whose properties ...

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  • 06 Jun
  • The Real Deal
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City text messaging program will answer rent control questions

HCIDLA General Manager Rushmore Cervantes Los Angeles’ ever-dwindling supply of rent-regulated buildings make it difficult for tenants to know whether their apartment qualifies for the protections. And following the defeat of ...

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  • 06 Jun
  • The Real Deal
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Film producer Arnold Kopelson’s Beverly Hills abode sells following price cuts

Arnold Kopelson and the Beverly HIlls estate A Beverly Hills home owned by late film producer Arnold Kopelson has sold for $9.7 million, following two price cuts, according to the Los Angeles Times. First listed in November for $13.5 ...

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  • 05 Jun
  • The Real Deal
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Is the hotel market under siege? Execs point to political climate as “a big concern”

Clockwise from top left: Starwood Capital Group’s Akshay Goyal, BD Hotels’ Richard Born, HVS president and CEO Stephen Rushmore and Apollo’s Tracey Gamble and the Marriott Marquis Hotel investors at NYU’s annual hospitality conference ...

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  • 05 Jun
  • The Real Deal
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Raintree Partners spends $79M on Glendale multifamily portfolio

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder) A multifamily developer based in Orange County is making a big bet on Glendale. Raintree Partners has paid $79 million to ...

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  • 05 Jun
  • The Real Deal
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