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Month: November 2020

Video game maker EA downsizes LA office footprint

Electronic Arts CEO Andrew Wilson and 4820 Alla Road (Getty, Del Rey Campus) Even companies thriving during the pandemic are cutting office space. That’s true in Los Angeles, where video game developer Electronic Arts has left its ...

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  • 24 Nov
  • The Real Deal
  • Uncategorized
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Rents are down and out in LA; surrounding counties see bump

(iStock) Upending a long-standing norm, it’s now cheaper to rent an apartment in Los Angeles County, but pricier in San Bernardino and Riverside counties. Recent data from Apartment List found estimated rents for vacant apartments in ...

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  • 24 Nov
  • The Real Deal
  • Uncategorized
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Home insurance startup Hippo raises $350M

Hippo founders Assaf Wand and Eyal Navon (LinkedIn) Home insurance startup Hippo has raised $350 million from Japanese insurance giant Mitsui Sumitomo. The deal comes just four months after the online insurance firm raised $150 ...

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  • 24 Nov
  • The Real Deal
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Napa Industries plans 171-unit hotel in NoHo Arts District

A rendering of the project and an aerial view of the property (AXIS/GFA via NoHo Neighborhood Association, Google Maps) A hotel could rise on Lankershim Boulevard in North Hollywood. Agoura Hills–based developer Napa Industries filed ...

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  • 24 Nov
  • The Real Deal
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US home prices surged 6.6% in September

Prices increased 6.6 percent year-over-year in September (iStock) Housing prices continue to soar into the fall. Prices increased 6.6 percent year-over-year in September, according to the S&P CoreLogic Case-Shiller home price ...

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  • 24 Nov
  • The Real Deal
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Pasadena ignores LA County outdoor dining suspension

(Getty, iStock) Pasadena is choosing to ignore Los Angeles County’s three-week ban on outdoor dining that came in response to the spreading coronavirus. The Pasadena City Council said it would allow restaurants to continue outdoor ...

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  • 24 Nov
  • The Real Deal
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What doom-and-gloom forecasts miss about the office market

(iStock) The short-term dive in office demand is not likely to continue far into the 2020s, according to a recent report form MetLife Investment Management. In fact, the cities where demand for office space is falling most — including ...

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  • 24 Nov
  • The Real Deal
  • Uncategorized
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Redfin’s latest challenge: Defending its employment practices in court

Redfin’s Glenn Kelman In his one year as a Redfin agent in San Diego County, Jason Bell said the brokerage failed to pay him minimum wage or overtime and did not allow for meal and rest breaks as guaranteed by the state. Those are ...

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  • 23 Nov
  • The Real Deal
  • Uncategorized
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RMBS then and now: Do securitized home loans still matter?

Between April and June, when the pandemic went from a shocking jolt to a daily reality, a record number of people fell behind on their home loans. “The Covid-19 pandemic’s effect on homeowners’ ability to make their mortgage payments ...

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  • 23 Nov
  • The Real Deal
  • Uncategorized
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Rexford pays $340M for 2 industrial parks

Howard Schwimmer and Michael S. Frankel with 3629-3963 Workman Mill Road (top) and 13943-13955 Balboa Boulevard (Google Maps) Rexford Industrial Realty has picked up a pair of Los Angeles County industrial properties — one in Whittier ...

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  • 23 Nov
  • The Real Deal
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