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Month: July 2019

Real estate’s on the menu for Fabio Conti, as restaurateur buys 2 retail centers

Fabio Conti and the retail centers (Credit: Facebook) Restaurateur Fabio Conti is getting into the real estate game. Through two LLCs, Conti sold his Italian restaurant in Hollywood then purchased a pair of retail shopping centers in ...

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  • 26 Jul
  • The Real Deal
  • Uncategorized
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No more “party house” in Glendale if new Airbnb law passes

Glendale Mayor Ara Najarian and City Hall Glendale is the latest city to consider cracking down on short-term rental platforms like Airbnb. City Council is expected to vote in September on rules that would ban vacation rentals and ...

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  • 25 Jul
  • The Real Deal
  • Uncategorized
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Colony Capital’s Thomas Barrack will exit as CEO as part of deal to buy digital infrastructure firm

Thomas J. Barrack is stepping down as CEO of Colony Capital in favor of Marc Ganzi Nine months after returning as CEO of Colony Capital, founder Thomas Barrack has given himself a term limit: 2021. Barrack will step down as the ...

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  • 25 Jul
  • The Real Deal
  • Uncategorized
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Foreclosure nears as judge denies Chapter 11 protection for Mountain of Beverly Hills owner

Victorino Noval and the Mountain of Beverly Hills (Credit: Getty Images and Redfin) UPDATED, July 25, 3:43 p.m.: A judge has denied bankruptcy protection for the owner of the 157-acre development site known as The Mountain of Beverly ...

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  • 25 Jul
  • The Real Deal
  • Uncategorized
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The beat goes on: GPI Companies sued over plan to demolish Amoeba Records for resi tower

GPI Companies co-founders Cliff Goldstein and Drew Planting and AIDS Healthcare Foundation CEO Michael Weinstein GPI Companies’ plan to build a residential tower after demolishing the famed Amoeba Records store in Hollywood hasn’t been ...

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  • 25 Jul
  • The Real Deal
  • Uncategorized
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The real estate industry’s biggest VC to invest $40B into a new tech megafund

SoftBank Chief Executive Masayoshi Son (Credit: Getty Images) SoftBank Group’s board is reportedly planning to meet Thursday to approve a $40 billion investment into its new technology fund. The investment comes after SoftBank secured ...

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  • 25 Jul
  • The Real Deal
  • Uncategorized
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Dodger Stadium’s $100M renovation follows trend of adding more retail offerings at arenas

Los Angeles Dodgers President Stan Katsen and a rendering of Centerfield Plaza (credit: Los Angeles Dodgers) Dodger Stadium’s $100 million renovation will add a two-acre “entertainment plaza” with plenty of food and drink options, ...

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  • 25 Jul
  • The Real Deal
  • Uncategorized
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A death services provider outmaneuvered local developers to win this sprawling piece of raw land

SCI paid $32 million for 28 acres next to its Groman Eden Mortuary and Eden Memorial Park (Credit: iStock) Don’t fear the reaper — just sell him the land he wants to buy. Service Corporation International — North America’s largest ...

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  • 24 Jul
  • The Real Deal
  • Uncategorized
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Here’s the latest installment of the Mohamed Hadid saga

Mohamed hadid and the home (Credit: Getty Images) There’s a new wrinkle in the ongoing demolition of the so-called Starship Enterprise, built by spec home developer Mohamed Hadid. The four Bel Air neighbors who are suing Hadid for his ...

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  • 24 Jul
  • The Real Deal
  • Uncategorized
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Mueller acknowledges Trump Tower Moscow discussions could have “exposed” president

Robert Mueller and President Donald Trump (Credit: Getty Images) During testimony before the House Intelligence Committee, former special counsel Robert Mueller acknowledged that a conversation between Russian officials and a Trump ...

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  • 24 Jul
  • The Real Deal
  • Uncategorized
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