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Month: June 2019

Westcore Properties snags $100M loan for massive Azusa redevelopment project

Marc Brutten, founder of Westcore and the redevelopment site (Credit: Google Maps) Investment firm Westcore Properties has landed a $100-million loan to build a massive car dealership and rental facility at a large industrial property ...

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  • 05 Jun
  • The Real Deal
  • Uncategorized
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Why CEO churn in the resi business is hitting new highs

Clockwise from left: Zillow’s Richard Barton, Keller Williams’ Gary Keller, Brown Harris Stevens’ Bess Freedman Berkshire Hathaway HomeServices’ Gino Blefari, Realogy’s Ryan Schneider As the housing market nationwide sputters along, ...

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  • 05 Jun
  • The Real Deal
  • Uncategorized
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CenterPoint Properties scores lease for its last-mile warehouse

CenterPoint CEO Bob Chapman, Greg Pearson and the property The industrial market remains red-hot in Southern California, and at the center of it is the last-mile warehouse. CenterPoint Properties has signed a stationery and gift design ...

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  • 05 Jun
  • The Real Deal
  • Uncategorized
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After bankruptcy, what comes next for the Mountain of Beverly Hills?

Victorino Noval and Victor Franco Noval (Credit: Getty Images) The so-called Mountain of Beverly Hills came on the market last summer with a flashy $1 billion price tag, generating news stories and drawing eyeballs from around the ...

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  • 05 Jun
  • The Real Deal
  • Uncategorized
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Hilton chief talks China, the Waldorf Astoria and tipping

From left: Hilton Worldwide Holdings CEO Christopher Nassetta, the Waldorf Astoria at 301 Park Avenue, and China President Xi Jinping (Credit: Getty Images) Hilton Worldwide Holdings’ dealings with the Chinese government, the Waldorf ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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Discount tool retailer hammers out giant lease at Calabasas office HQ

Harbor Freight Tools CEO Eric Smidt and Corporate Center Calabasas A discount tool retailer just assembled one of the largest commercial leases in the San Fernando Valley. Harbor Freight Tools signed a 15-year lease to occupy 228,990 ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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Talk about Prime: Jeff Bezos pays $80M for spread at Manhattan condo tower

Amazon CEO Jeff Bezos and 212 Fifth Avenue (Credit: Getty Images) Amazon may have scrapped plans for a campus in New York City, but CEO Jeff Bezos is still very, very bullish on Manhattan. The e-commerce chief is paying nearly $80 ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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LA’s affordable housing crisis linked to recent spike in homelessness

From left: Mark Ridley-Thomas and Mayor Eric Garcetti (Credit: Office of Mayor Eric Garcetti) Amid an affordable housing crisis and a growing homeless population, Mayor Eric Garcetti last year committed to building homeless shelters ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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Zach Aarons talks pouring gasoline on a proptech fire

[video_embed][/video_embed] The “treacherous B” is the put-up or shut-up period for property tech firms, awash in money but lacking a proven business model. Speaking at The Real Deal‘s 12th annual New York Showcase, MetaProp co-founder ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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CIM Group lists part of its Miracle Mile office campus

CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh and 4750 Wilshire Boulevard (Credit: Google Maps) In 2014, CIM Group paid Farmers Insurance Group around $91 million for a four-property office campus in the Miracle Mile ...

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  • 04 Jun
  • The Real Deal
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  • Recent Posts

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