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Month: July 2019

San Fernando Valley might be selling homes slowly, but prices just won’t stop rising

Southland Regional Association of Realtors President Dan Tresierras and the San Fernando Valley (Credit: Wikipedia) Following suit with most of Los Angeles, fewer homes in San Fernando Valley are selling, but they’re moving at record ...

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  • 23 Jul
  • The Real Deal
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Relevant Group plans 150-unit affordable complex in Skid Row while converting Morrison Hotel

Relevant Group Managing Partner Richard Heyman and a rendering of the project on 5th Street A salacious legal spat with a rival investor hasn’t slowed prolific hotel builder Relevant Group. The Hollywood firm’s latest project isn’t ...

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  • 22 Jul
  • The Real Deal
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Huge Thousand Oaks compound breaks local sales record

Thomas Tull and his 33-acre compound (Credit: RedFin, Wikimedia Commons) Closing for almost 60 percent less than his original asking price, movie producer Thomas Tull has sold a massive compound in Thousand Oaks for $35 million. ...

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  • 22 Jul
  • The Real Deal
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Massive industrial park in Los Alamitos sells for nine figures

Northwestern Mutual CEO John E. Schlifske and the building Southern California’s industrial market hasn’t cooled down a bit this summer. Alere, a pension fund advisor, has purchased the Los Alamitos Corporate Center for $128.5 million. ...

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  • 22 Jul
  • The Real Deal
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Nation’s first cannabis cafe could open in West Hollywood next month

A rendering of Lowell Farms Cannabis Cafe (Credit: Lowell Farms, iStock) Diners will soon be able to have a joint alongside their morning coffee in Los Angeles. The owners behind Lowell Cafe were handed a major victory last Tuesday ...

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  • 22 Jul
  • The Real Deal
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Sugar Ray Leonard lists his heavyweight mansion in Pacific Palisades

Sugar Ray Leonard and the Pacific Palisades home (Credit: Getty Images) Boxing legend “Sugar” Ray Leonard wants to part with a heavyweight home in Pacific Palisades. The North Carolina-born fighter listed his 2-acre estate in the ...

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  • 22 Jul
  • The Real Deal
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Here are Treasury Secretary Steve Mnuchin’s real estate holdings

Steve Mnuchin and his family’s Lenox Hill apartment It’s not surprising that Treasury Secretary Steve Mnuchin has a vast real estate portfolio. The New York native and Yale graduate was born into a wealthy family and enhanced his ...

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  • 22 Jul
  • The Real Deal
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The Agency keeps growing. But is it cracking?

The Agency’s Mauricio Umansky (left) and Billy Rose (Illustration by Zach Meyer) When Leonard Rabinowitz and Jack Friedkin left the Agency in September to join Hilton & Hyland, and Jay Harris took the same route two months later, ...

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  • 22 Jul
  • The Real Deal
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She chose to redevelop rather than rent her Vancouver mansion. Now she owes the city $249K

An aerial view of the property in the Billionaires Row area (Credit: Google Maps, iStock) A wealthy Chinese woman sued the local government in Vancouver after the city charged her an “empty homes tax” of $249,000 for vacating her ...

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  • 21 Jul
  • The Real Deal
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Developer gambles $1B project on Reno’s tech boom

A rendering of Reno’s Neon Line (Credit: Jacobs Entertainment) A developer is betting $1 billion on the largest development ever in Reno, Nevada, as the city reduces its economic reliance on the gambling industry. Jacobs Entertainment ...

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  • 21 Jul
  • The Real Deal
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