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Month: July 2020

Applications for mortgages to buy homes drop

Purchase applications were down last week while refinancing rose (iStock) Homebuyers took some time off last week as homeowners got busy. An index tracking the volume of mortgage applications to buy homes fell last week by 6 percent, ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Onni Group’s Times Mirror Square project clears major hurdle

A rendering of Times Mirror Square After a bit of arm twisting, Onni Group has agreed to reserve 34 “middle income” affordable units at its Times Mirror Square project in Downtown Los Angeles. The L.A. City Planning Commission approved ...

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  • 15 Jul
  • The Real Deal
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Anthem’s former Warner Center office building gets 75% valuation cut

The property at 21555 Oxnard Street (Credit: Google Maps) Since Anthem Blue Cross relocated to Campus @ Warner Center late last year, the health insurance provider’s former office property it vacated nearby has found itself in dire ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Lawsuits run Atlas Capital’s DTLA project off course

712 Olive St. (Credit: Google Maps) Atlas Capital Group’s plan to transform two buildings in a changing part of downtown Los Angeles has hit a brick wall due to lawsuits. The New York City-based developer in 2017 began gutting a ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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WS Communities nabs $150M loan for six renovations and a development site

WS Communities CEO Scott Walter and VP of Finance Gregory Proniloff, Madison Realty Capital’s Josh Zegen, 1433 Euclid Street in Santa Monica, 11611 Blucher Avenue in Granada Hills (Credit: Google Maps) New York-based Madison Realty ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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Life-sciences sector proves safe haven for landlords

Alexandria Real Estate Equities founder Joel Marcus and Alexandria Center for Life Sciences (Getty, Google Maps) The search for a cure for Covid-19 is lining the pockets of some landlords. While the pandemic wreaks financial havoc on ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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City of LA will pay landlords up to $2K for Covid-affected tenants

Nury Martinez The city of Los Angeles is taking applications for its $103 million rent relief program this week. It’s a chance for renters affected by the coronavirus pandemic to get up to $2,000 in rent subsidies. The five-day ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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Jose Huizar involved brother and mother in real estate bribery scheme: Federal prosecutors

Jose Huizar (Credit: Kirk McKoy/Los Angeles Times via Getty Images) The mother and brother of Los Angeles Councilmember Jose Huizar may have been involved in his pay-to-play scheme, federal prosecutors say. Federal prosecutors have ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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New York & Company parent files for bankruptcy

RTW Retailwinds CEO and CFO Sheamus Toal and a New York & Company store (Getty, LinkedIn) New York & Company’s parent company is the latest chain to file for bankruptcy as the coronavirus has piled additional pressure on an ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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Colony Capital may lose control of 2 largest CMBS hotel portfolios

Thomas Barrack, Residence Inn Cypress Los Alamitos and Sheraton San Jose Hotel (Getty, Google Maps, Marriott) When Colony Capital revealed in May that it was in discussions with lenders after having defaulted on $3.2 billion in hotel ...

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  • 14 Jul
  • The Real Deal
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