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Month: October 2019

LA invalidates evictions that landlords sent amid passage of new rent control law

Council members Mitch O’Farrell and Curren Price Over the last several weeks, tenants at dozens of apartments across Los Angeles have received eviction notices from landlords trying to get ahead of the state’s rent control law set to ...

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  • 22 Oct
  • The Real Deal
  • Uncategorized
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Opportunity Zones, real estate’s next big thing, fails to attract much investment

About 100 Opportunity Zone funds have raised just 15 percent of what fund managers expected. (Credit: iStock) Despite all the hype, investor interest in Opportunity Zone funds simply hasn’t materialized as fund managers had hoped. ...

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  • 22 Oct
  • The Real Deal
  • Uncategorized
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Monster Beverage affiliate guzzles down industrial project in San Fernando

510 Park Avenue and CEO of Monster Beverage Rodney Sacks An affiliate of energy drinkmaker Monster Beverage Corp. has acquired an under-construction warehouse in the San Fernando Valley. American Fruits & Flavors of Pacoima paid ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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Opportunity Zones, luxury residential pricing, the diversity dilemma and more at TRD Miami’s Showcase & Forum

Grant Cardone jumped on stage, bringing along an entourage to The Real Deal’s Sixth Annual Miami Real Estate Showcase & Forum, waving 10X flags and claiming they made thousands of dollars listening to his message. The investor, ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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Here are the priciest resi listings in LA County last week

Clockwise from top left: 10350 Wyton Drive, 642 Perugia Way, 670 Perugia Way, 1000 Elden Way and (center) 627 N. Carcassonne Road (Credit: Redfin) It was a big week for Bel Air, which had three of the top five priciest residential ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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City accuses affordable developer of stealing public funds for South LA project

LA City Attorney Mike Feuer at a rally in South LA last year The city has accused an active affordable housing developer of misappropriating millions of dollars in public funds lent to buy and maintain a 51-unit South Los Angeles ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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SoftBank to take control of WeWork at less than $8B valuation

Former WeWork CEO Adam Neumann and SoftBank Group chairman Masayoshi Son (Credit: iStock, Getty Images) Updated Oct. 21, 2019 4:44 pm: WeWork has reached an agreement to be taken over by SoftBank Group, in a deal that will value the ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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Madison Realty Capital finances Beverly Hills condo project amid West Coast expansion

From left: Madison Realty Capital managing principals Adam Tantleff, Brian Shatz and Josh Zegen (Credit: Google Maps, Redfin) Madison Realty Capital has provided construction financing for a condominium project in Beverly Hills, as the ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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Newsom says state “set the table” on housing in 2019

California Governor Gavin Newsom (Credit: Gage Skidmore via Flickr) Gov. Gavin Newsom made housing production a priority during his gubernatorial campaign and in his first year in office, promising to build 3.5 million homes statewide ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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Singin’ the Varsity Blues: Developer Robert Flaxman sentenced in admissions scandal

Crown Realty & Development CEO Robert Flaxman (Credit: Getty Images) Developer Robert Flaxman will spend a month in jail after pleading guilty to paying $75,000 to help his daughter cheat on a college entrance exam. Flaxman is one ...

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  • 18 Oct
  • The Real Deal
  • Uncategorized
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