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Month: February 2020

A $90 million patch of dirt: A look at Jeff Bezos’ other record LA deal this week

Lauren Sanchez and Jeff Bezos with the property at 1441 Angelo Drive (Credit: Getty Images and Redfin) Jeff Bezos’ $165 million purchase of David Geffen’s fabled Beverly Hills estate was a shot in the arm for the country’s ultra-luxury ...

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  • 14 Feb
  • The Real Deal
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Geoff Palmer plans 280-unit apartment tower in South LA

Geoff Palmer proposes building 15-story apartment tower at 2321-2327 South Flower Street (Credit: Getty Images, Google Maps) Developer Geoff Palmer is proposing a 280-unit apartment tower in South Los Angeles. Palmer’s firm, G.H. ...

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  • 14 Feb
  • The Real Deal
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Adam Neumann is asking $37M for NYC triplex

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy) Former WeWork CEO Adam Neumann has listed his six-bedroom triplex penthouse for $37.5 million. The listing price is $2 million more than what Neumann paid for the ...

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  • 14 Feb
  • The Real Deal
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First American to buy Docutech for $350M

From left: Amy Brandt and Dennis Gilmore Title insurance giant First American has reached a deal to buy housing tech company Docutech for $350 million. The deal should close by the end of March, and Docutech’s current management team, ...

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  • 14 Feb
  • The Real Deal
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Developers are digging into affordable housing projects in Westlake

A map of Westlake (Credit: Google Maps and iStock) The city Planning Commission on Thursday signed off on the latest in a series of affordable residential projects that are transforming one of the city’s oldest neighborhoods, Westlake. ...

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  • 13 Feb
  • The Real Deal
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“We underwrite every investment like we’re going to hit a recession”: Brookfield CEO

Brookfield Asset Management CEO Bruce Flatt One of the world’s largest commercial landlords isn’t troubled by predictions about a global economic decline, in fact, its CEO said the company bakes that possibility into every deal. ...

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  • 13 Feb
  • The Real Deal
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Done deal: Forever 21 sold to Simon, Brookfield venture for $81M

Simon Property Group CEO David Simon and Brookfield Property Partners CEO Brian Kingston (Credit: Getty Images) A bankruptcy court judge on Thursday officially gave the green light on the sale of Forever 21 to a trio of investors — two ...

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  • 13 Feb
  • The Real Deal
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HUD Secretary Carson: Religious orgs should rescue homeless

Ben Carson wants religion to help homeless Homelessness in Los Angeles is a crisis that has vexed government officials for years but Housing and Urban Development Secretary Ben Carson said Thursday he might have the answer: Religion, ...

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  • 13 Feb
  • The Real Deal
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Safehold was top-performing REIT of 2019 and doesn’t own any buildings

From left: Safehold president & CIO Marcos Alvarado, Safehold chairman & CEO Jay Sugarman and 425 Park Avenue, the Alohilani Resort Waikiki Beach in Honolulu, 195 Broadway and 685 Third Avenue (Credit: Google Maps) The real ...

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  • 13 Feb
  • The Real Deal
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Co-working entrepreneur Jamie Hodari breaks down his unusual daily routine

Jamie Hodari (Photo by Axel Dupeux) Jamie Hodari, CEO of the co-working company Industrious and an avowed night owl, actually begins his day an hour before the clock does — planning out each workday starting at 11 p.m. the night ...

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  • 13 Feb
  • The Real Deal
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