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Month: January 2020

Lori Loughlin, Mossimo Giannulli asking $29M for Bel Air estate

Lori Loughlin and Mossimo Giannulli are reportedly trying to sell their Bel Air estate Actress Lori Loughlin and fashion designer Mossimo Giannulli are trying to unload their estate next to the second hole of the Bel Air Country Club ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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South Florida Airbnb hosts cash in on Super Bowl LIV

Airbnb operators cash In On Super Bowl LIV South Florida Airbnb operators are cashing in on Super Bowl LIV. This weekend, new, modern mansions on the Venetian Islands are advertised on Airbnb for $5,000 to $10,000 a night. A ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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Bankrupt Forever 21 seeks auction with hopes of keeping business alive

Forever 21 CEO Do Won Chang (Credit: Getty Images) Bankrupt fashion retailer Forever 21 asked a court to approve an auction, an option it hopes would keep it from liquidation. Forever 21 has been engaging in “substantial, ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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Developer looks to add to East Hollywood’s growing multifamily stock

Plans in the works for another multi-level building in East Hollywood A developer wants to add to the growing roster of mid-rise apartment complexes sprouting in East Hollywood. Kenneth Sauder — on behalf of Wakeland Wilcox LLC — has ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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A titan of LA aerospace sells Beverly Hills spec mansion for $37M

Kent Kresa made $37 million on his Beverly Hills mansion build (Credit: Redfin and Getty Images) Kent Kresa, a giant of Los Angeles’s aerospace industry, has unloaded a Beverly Hills mansion he developed for $37 million, Los Angeles ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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Knotel’s CEO cheered WeWork’s fall. But he’s got challenges too

Knotel CEO Amol Sarva (Credit: Sasha Maslov) As WeWork crumbled last year, one onlooker watched with glee. Amol Sarva, who as CEO of office-space firm Knotel had needled his high-flying rival for years, finally had his moment. “We’ve ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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Mark your calendars: These are LA’s top real estate events next week

Here are a few real estate events coming up next week: Host: Greater Los Angeles Realtors Association Date: Feb. 5 Time: 5:30 p.m. to 7:30 p.m. The Greater Los Angeles Realtors Association is holding a networking mixer at Busby’s East, ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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Cadre brings on former Four Seasons CEO as president

Cadre founder Ryan Williams and Allen Smith (Credit: Michael McWeeney) Real estate investment startup Cadre has hired Allen Smith, the former CEO of Four Seasons, as its president. Smith spent four years at the hotel company, departing ...

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  • 30 Jan
  • The Real Deal
  • Uncategorized
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Bastion plans 139-unit project on doorstep of booming Culver City

A multifamily building could replace this auto body shop (Credit: Google Maps) Culver City and the adjacent L.A. Palms neighborhoods aren’t quite turning into Manhattan, but they’re growing compared to the rest of the Westside, with ...

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  • 30 Jan
  • The Real Deal
  • Uncategorized
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US homeownership rate rises to highest level in 6 years

(Credit: iStock) The U.S. homeownership rate is now at its highest point in six years, signaling continued confidence in the market despite anxiety that the current cycle is nearing an end. Rates dipped in most big cities, which have ...

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  • 30 Jan
  • The Real Deal
  • Uncategorized
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