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Month: May 2020

Windowless but not buyerless: Woodridge sells distinctive Pasadena office complex

Woodridge CEO Michael Rosenfeld with 101 S. Marengo Avenue, and a rendering of the building (Credit: Google Maps) Woodridge Capital Partners has sold a 346,000-square-foot office building in Pasadena, a year after having sought ...

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  • 06 May
  • The Real Deal
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Lisa Optican jumps to Hilton & Hyland after Compass stint

Lisa Optican (Credit: Google Maps) Lisa Optican, the real estate agent who sold Marilyn Monroe’s Brentwood estate among other high-profile deals, has joined Hilton & Hyland after more than two years at Compass. Optican, who moved ...

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  • 06 May
  • The Real Deal
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Spec mansion marketing shifts from champagne fridge to organic pantry

The living room at the Opus (Credit: JIM BARTSCH via Forbes) What happens when sex doesn’t sell? If you’re an agent trying to move one of the dozens of sleek spec mansions that dot Los Angeles, you rebrand, even if it costs millions of ...

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  • 06 May
  • The Real Deal
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The Weeknd’s former Tribeca rental hits the market

Abel Tesfaye aka The Weeknd and 433 Greenwich Street Penthouse D (Credit: Gina Wetzler/Redferns via Getty Images) The Weeknd’s pricey rental at 443 Greenwich is up for grabs. The Grammy Award-winning singer, whose real name is Abel ...

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  • 06 May
  • The Real Deal
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Resort-town hotels bounce back in reopening states, providing industry with hope of a return

A Disney resort hotel in Kissimmee, Florida and Galveston, Texas with STR senior vice president Jan Freitag (Credit: MARK FELIX/AFP /AFP and DANIEL SLIM/AFP via Getty Images) Hotels bounced back last week at tourist destinations in ...

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  • 06 May
  • The Real Deal
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“The relationship between landlord and tenant needs to change”: Fifth Wall’s Brendan Wallace on the need for a retail bailout

The head of the largest real estate-focused venture capital fund is advocating for a $30 billion government bailout of the retail industry, warning that it is on the brink of systemic collapse. Brendan Wallace, managing partner and ...

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  • 05 May
  • The Real Deal
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Facing revenue shortfall, Airbnb lays off 2,000 workers

Airbnb CEO Brian Chesky (Chesky via by Mike Cohen/Getty Images for The New York Times) Facing a steep drop in revenue, Airbnb laid off nearly 25 percent of its workforce on Tuesday. In a memo to staff, CEO Brian Chesky described ...

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  • 05 May
  • The Real Deal
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Retail fallout: Victoria’s Secret sale scrapped, Neiman Marcus nears restructuring deal

Victoria’s Secret’s parent company has canceled its deal with private equity firm Sycamore Partners, while Neiman Marcus is nearing a restructuring deal with a Pimco-led group. (Andrew Chin/Getty Images; Noam Galai/Getty Images) With ...

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  • 05 May
  • The Real Deal
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Ron Birtcher, developer whose projects included Pacific Design Center, dies

Ron Birtcher and the Pacific Design Center Ronald Birtcher, lead developer of the Pacific Design Center Blue Building in West Hollywood, and co-head of a family construction and development business with projects across the country, ...

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  • 05 May
  • The Real Deal
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John Lennon and Yoko Ono’s former Palm Beach estate hits market for $48M

John Lennon and Yoko Ono with the home (Credit: Jack Mitchell/Getty Images) The Palm Beach mansion formerly owned by John Lennon and Yoko Ono hit the market for $47.5 million. Former Bear Stearns executive John Sites and his wife Cindy ...

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  • 05 May
  • The Real Deal
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