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Month: September 2019

KB Homes nabs big condo development site in booming Inglewood

From left: KB Homes CEO Jeffrey Mezger and Harridge Development Group CEO David Schwartman Homebuilder KB Homes has acquired a condo development site at the 18-acre former Daniel Freeman Hospital site in Inglewood. The deal comes as ...

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  • 19 Sep
  • The Real Deal
  • Uncategorized
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Trump administration eyes FAA building as homeless housing, city official calls for “anti-displacement zones” : Daily digest

Every day, The Real Deal rounds up Los Angeles’ biggest real estate news. We update this page in real time, starting at 9 a.m. PT. Please send any tips or deals to tips@therealdeal.com This page was last updated at 3:15 p.m. PT   Trump ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Compass’ top communications exec to depart

From left: Compass’ Jason Post, CEO Robert Reffkin, and COO Maelle Gavet (Credit: Wharton UPenn) Jason Post, Compass’ head of communications, is leaving the SoftBank-backed brokerage after nine months on the job. The former Uber ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Rockpoint Group buying 5900 Wilshire for $310M: sources

Rockpoint Group co-founders Keith Gelb and Bill Walton with 5900 Wilshire Blvd Three months after it hit the market, 5900 Wilshire has a buyer. Rockpoint Group is in escrow to buy the Miracle Mile office tower for $310 million, The ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Adam Neumann wants to live forever – that and more zany news about WeWork’s CEO

WeWork CEO Adam Neumann (Credit: Getty Images) The controversies surrounding the We Company’s pending public offering have been almost nonstop — and Adam Neumann has been at the center of almost all of them. Since the WeWork parent ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Russell Weiner wants to flip his newly-bought Bird Streets manse like a Rockstar

Russell Weiner and the Bird Streets home (Credit: Coldwell Banker) The Los Angeles luxury residential market is in a long slump but Rockstar Energy founder Russell Weiner hasn’t gotten that memo. Or if he has, the billionaire has ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Fed cuts rates, signaling caution ahead for real estate investors

Federal Reserve Chairman Jerome Powell (Credit: Getty Images) The Federal Reserve’s decision on Wednesday to again cut its benchmark interest rate, this time by 25 basis points, sends a message to commercial real estate investors that ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Spotify expands to 150K sf in the Arts District: sources

Spotify CEO Daniel Ek and At Mateo (Credit: Spotify) Music streaming giant Spotify has increased its footprint to 155,000 square feet at the Arts District’s At Mateo complex, as tech firms continue plowing into the Los Angeles office ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Inside Bernie Sanders’ $2.5T housing plan

Bernie Sanders and Champlain Community Housing Land Trust’s affordable housing (Credit: Getty Images and Build a Better Burb) For the first time in decades, a presidential candidate is pushing for nationwide rent control. Democratic ...

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  • 17 Sep
  • The Real Deal
  • Uncategorized
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Here are the 5 priciest residential sales in LA County last week

Four of the top residential listings from last week (Credit: Redfin) Every week in Los Angeles County, there is usually a yawning gap between the five priciest homes on the market and the five priciest residential sales. In the latest ...

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  • 17 Sep
  • The Real Deal
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