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Month: March 2021

Downtown Women’s Center plans 100-unit affordable complex

Downtown Women’s Center CEO Amy Turk. (Getty, Google Maps, DWC) The Downtown Women’s Center, a housing and social service organization, wants to build a 97-unit housing complex next to its Skid Row headquarters. The project is a joint ...

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  • 30 Mar
  • The Real Deal
  • Uncategorized
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Restaurateur lists sprawling Paramour Estate for $40M

Dana Hollister and her Silver Lake home (Zillow) Restaurateur Dana Hollister has listed her sprawling Paramour Estate for $40 million. The four-acre Silver Lake compound sits on the highest promontory in the area and the 22-room ...

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  • 30 Mar
  • The Real Deal
  • Uncategorized
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US home price growth hits 15-year high

Inventory has hit historically low levels while home prices surpassed $300,000 for the first time ever and continue to rise. (iStock) Home price growth hit levels not seen in 15 years. The S&P CoreLogic Case-Shiller U.S. National ...

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  • 30 Mar
  • The Real Deal
  • Uncategorized
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What distress? Dry powder piles up with few discounts in sight

Oaktree Capital CEO Jay Wintrob and Cerberus Capital CEO Steve Feinberg (Oaktree, Cerberus, iStock) After raising billions of dollars to spend on commercial real estate, distress investors are having a difficult time spending it. ...

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  • 30 Mar
  • The Real Deal
  • Uncategorized
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“There will be blood:” VTS’ Nick Romito on why landlords must embrace data

In this installment of the REInterview, TRD’s Hiten Samtani sat down with founder and CEO of VTS Nick Romito. He noted the office sector’s reputation as a steady, stable, unsexy source of income, and explained how all that could ...

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  • 29 Mar
  • The Real Deal
  • Uncategorized
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Planning Commission OK’s changes to Hollywood zoning, land use

Los Angeles Planning Commission approves Hollywood zoning changes. (iStock) With population and jobs expected to rise in Hollywood, the Los Angeles City Planning Commission approved a comprehensive update of the area’s zoning and land ...

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  • 29 Mar
  • The Real Deal
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Activision Blizzard vacates Santa Monica HQ, seeks new space

Activision Blizzard CEO Bobby Kotick. (Getty, Activision) It’s game over for Activision Blizzard at a Boston Properties-owned office in Santa Monica. The video game giant is leaving its 214,864-square-foot headquarters and hunting for ...

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  • 29 Mar
  • The Real Deal
  • Uncategorized
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Knock looks to go public at $2B valuation

Knock’s Sean Black and Jamie Glenn (Knock, iStock) Knock, a startup that helps people buy new homes before selling their old ones, is the latest proptech company to explore going public. The company has hired Goldman Sachs to help ...

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  • 29 Mar
  • The Real Deal
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Home prices across globe hit records, prompting worries of bubble

(iStock) Policy makers are worried that the world may be heading for another housing crash. According to the Organization for Economic Cooperation and Development, home prices in its 37 wealthy member countries hit a record in the ...

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  • 29 Mar
  • The Real Deal
  • Uncategorized
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Land purchases could delay high-speed rail 2 years: contractor

The rail project had its genesis in the late 1990s but has faced numerous delays. (iStock, Getty) A main contractor working on the California high-speed rail project informed the state of an expected two-year delay on a 65-mile section ...

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  • 29 Mar
  • The Real Deal
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