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Month: December 2020

Rob Lowe buys again in Montecito

Rob Lowe and his 5,700-square-foot Montecito home (Getty, Redfin) Actor Rob Lowe and his wife Sheryl Berkoff have purchased their third home of the year and their second in Montecito. The couple paid $13 million for a 5,700-square-foot ...

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  • 08 Dec
  • The Real Deal
  • Uncategorized
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Nationstar Mortgage ordered to repay $73M to customers

Nationstar Mortgage/Mr. Cooper CEO Jay Bray (Photos via iStock; Mr. Cooper) Nationstar Mortgage has been ordered to pay $73 million to roughly 40,000 homeowners in a settlement with the Consumer Financial Protection Bureau. In a ...

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  • 08 Dec
  • The Real Deal
  • Uncategorized
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Breaking away: 3 counties look part from SoCal stay-at-home order

Ventura County Executive Officer Mike Powers (iStock, Ventura) Southern California’s residents and businesses remain under stay-at-home orders but three Central Coast counties want state approval to break away. Leaders from the three ...

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  • 08 Dec
  • The Real Deal
  • Uncategorized
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Huizar and LA developer deny charges in pay-to-play scheme

Jose Huizar and Raymond Chan (Getty, U.S. Department of Justice) Disgraced former Los Angeles City Council member Jose Huizar intends to fight the government’s sprawling corruption case against him, as does a real estate developer, his ...

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  • 07 Dec
  • The Real Deal
  • Uncategorized
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Developer plans 75-unit affordable complex in Pico-Union

The lots of land to be developed to affordable housing (Google Maps, Los Angeles Transit)   A developer is planning to build a 75-unit rental complex in Pico-Union that would be 100-percent affordable. HM Land Development, a ...

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  • 07 Dec
  • The Real Deal
  • Uncategorized
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HFZ loses stake in national warehouse portfolio

HFZ Capital Group’s principal Ziel Feldman (Getty)   Ziel Feldman’s HFZ Capital Group relinquished its interest in more than 10 million square feet of warehouse space across the country — the first major loss for the company as it ...

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  • 07 Dec
  • The Real Deal
  • Uncategorized
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WATCH: “When everyone’s hitting their pro formas, there’s no incentive to try anything else”: Common’s Brad Hargreaves on the future of multifamily

The co-living space is going through an era of consolidation and investment. Last week, Ollie was scooped up by rival firm Starcity, after the latter raised $30 million in April. The biggest player in the space is Common, which closed ...

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  • 07 Dec
  • The Real Deal
  • Uncategorized
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Buyer revealed: Ellen DeGeneres paid $49M for Dennis Miller’s Montecito estate

Ellen DeGeneres, Portia de Rossi and Dennis Miller (Getty) The mystery behind the $49 million purchase of Dennis Miller’s Montecito estate in September has been solved. And the buyers are no surprise. Ellen DeGeneres and Portia de ...

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  • 07 Dec
  • The Real Deal
  • Uncategorized
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J.C. Penney has been saved. Now what?

J.C. Penney (iStock) J.C. Penney has been rescued from bankruptcy, but challenges remain for the beleaguered retailer. The department store chain completed the sale of its retail operations to Simon Property Group and Brookfield Asset ...

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  • 07 Dec
  • The Real Deal
  • Uncategorized
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Hawaii tightens rules for visitors to Kauai

Governor David Ige and Kauai Island (Getty; Unsplash) Hawaiian state officials are tightening restrictions on travel to Kauai. Nonessential visitors to the island will have to quarantine for 14 days upon arrival, according to the Los ...

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  • 06 Dec
  • The Real Deal
  • Uncategorized
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