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Month: July 2019

Widow of TV star Michael Landon scores big profit on Malibu home

Michael Landon and the home in Malibu (Credit: Getty Images) Amid Los Angeles’ stalling high-end residential market, the widow of television star Michael Landon sold her Malibu home for more than twice what she paid four years ago. ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Music mogul Dr. Dre lists manor in Woodland Hills

Dr. Dre and the house It’s on to “The Next Episode” for music mogul Dr. Dre. The legendary hip-hop producer and founder of Beats Electronics has put his longtime home in Woodland Hills up for sale for $5.25 million, the Los Angeles ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Foreign investment in US homes plummeted to $78B over the past year

A map of the US with flags from China, Canada and India Foreign investment in residential real estate in the U.S. has taken a tumble. Foreign buyers purchased $77.9 billion worth of existing U.S. homes between April 2018 and March ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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PGIM inks $127M mortgage for Burbank mixed-use complex near Warner Bros. Studios

Bellwether Enterprise Real Etate Executive Vice President Tom Kenny and Talaria at Burbank PGIM has extended a 10-year $126.5 million mortgage to Cusumano Real Estate Group for a recently completed 241-unit mixed-use complex in ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Onni inks lease with WeWork after closing on massive Wilshire Courtyard purchase

WeWork’s Adam Neumann and Onni Group President Rossano de Cotiis with a rendering of Wilshire Courtyard (Credit: Getty Images and Michael Maltzan Architecture) Onni Group closed on the 1 million-square-foot Wilshire Courtyard complex, ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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Brentwood’s Mirman School for gifted students plans big campus expansion

Mirman School Head of School Dan Vorenberg Mirman School for Gifted Children — those whose IQs are 138 and above — is looking to expand with a new academic wing at its Mulholland Drive campus in Brentwood. The private school filed ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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Realogy’s explosive suit against Compass may be “seriously misguided:” antitrust expert

Compass CEO Robert Reffkin and Realogy CEO Ryan Schneider Compass is no newcomer to courtroom drama. Since 2014, the SoftBank-backed brokerage has been slapped by 10 separate lawsuits accusing the company of engaging in aggressive ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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King of the hill: Manhattan tops list of priciest place to rent in US

New York City apartment building (Credit: iStock) Here’s a case for New York state’s recently-passed and highly controversial sweeping rent reform law: A new report shows that Manhattanites pay the highest prices for monthly rent in ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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Continuum Partners sells Arts District project site to Tom Gores’ Platinum Equity

From left: Tom Gores and Mark Falcone with the project site Private equity group Platinum Equity, run by Detroit Pistons owner and billionaire Tom Gores, has purchased a project site in the Arts District from Continuum Partners for ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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Developer startup favorite Honest Buildings acquired by software company Procore

Honest Buildings CEO Riggs Kubiak and Procore CEO Tooey Courtemanche (Credit: Techstars and Procore) UPDATED, July 16, 1:50 p.m.: Construction management software company Procore has acquired Honest Buildings, a startup favored among ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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