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Month: June 2019

Mitsui Fudosan’s 438-unit tower project advances past appeals

John Westerfield is CEO of MFA and a rendering 8th & Fig (Credit: DLANC) Mitsui Fudosan America has cleared a major hurdle in its path to building a 438-unit residential tower tower in Downtown Los Angeles. Despite appeals, the ...

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  • 19 Jun
  • The Real Deal
  • Uncategorized
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In nondisclosure states, Zestimate and hearsay are hurting home buyers and sellers

In nondisclosure states, “your nosy neighbor can’t go to Zillow and find out what you sold your house for.” In states like California and New York, agents and prospective home buyers can easily find out if they are overpaying for a ...

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  • 19 Jun
  • The Real Deal
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Supersize this: Hollywood Hills homeowner plans massive expansion

Matthew Lichtenberg and the Hollywood Hills property (Credit: Google Maps) The owner of a 1,500-square-foot Hollywood Hills home wants to supersize it with an assemblage of three properties. Plans for the addition calls for a home that ...

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  • 19 Jun
  • The Real Deal
  • Uncategorized
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Jamison nabs construction loan on another big resi project

From left: Comerica Bank CEO Curtis Farmer, Jamie Lee and 2842 West James Wood Boulevard (Credit: LinkedIn and Google Maps) Three days after scoring city approval for its 193-unit development, Jamison secured a $48 million construction ...

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  • 18 Jun
  • The Real Deal
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This developer is going all in on LA affordable housing

From left: Director of Realty Ryan Limb and Newport Partners founder Monique Hastings with the property (Credit: Google Maps) The new owner of a Koreatown property is shifting course on a proposed project it inherited. Irvine-based ...

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  • 17 Jun
  • The Real Deal
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Flat-fee brokerage launches home listings platform in Florida with plans to expand nationwide

CEO of Redefy, Chris Rediger After the financial crisis, Chris Rediger started buying distressed homes and flipping them for a profit. But his margins were hampered by brokerage fees, so Rediger learned to code, then built software ...

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  • 17 Jun
  • The Real Deal
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Oh, the horror: Vincent Price’s former Holmby Hills manse hits market

Actor Vincent Price and the mansion Vincent Price starred in countless Hollywood horror movies, but it’s unclear whether the list price on his former Holmby Hills mansion will send potential buyers running. The Spanish-style mansion ...

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  • 17 Jun
  • The Real Deal
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This NYC drug cop has amassed a $400M real estate portfolio

Red Hook (Credit: Stevin Pisano via Flickr) Former New York City detective Greg O’Connell bought his first building in Red Hook back in 1967 for $22,000, when the Brooklyn neighborhood was practically a ghost town. Now, his properties ...

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  • 17 Jun
  • The Real Deal
  • Uncategorized
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In Koreatown, residential project proposals keep piling up

Simon Kerendian’s Koreatown development site There is no shortage of residential development in Koreatown, but developer Simon Kerendian wants to add to the list. Kerendian filed plans for an 82-unit Transit-Oriented Communities ...

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  • 17 Jun
  • The Real Deal
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US landlords say Topshop owner is freezing them out amid bankruptcy

From left: Topshop and Topman stores at 478 Broadway, Arcadia Group CEO Philip Green, and Vornado CEO Steven Roth (Credit: Getty Images and Google Maps) An obscure UK process known as “company voluntary arrangement” is the heart of a ...

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  • 17 Jun
  • The Real Deal
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  • Recent Posts

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