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Month: May 2021

300-unit complex with co-working space planned in Compton

KBK Enterprises CEO Keith Key with a rendering of the project and the development site (GGLO Design via Urbanize, Google Maps) Pittsburgh-based developer KBK Enterprises is planning its first West Coast development, this one a 300-unit ...

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  • 04 May
  • The Real Deal
  • Uncategorized
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Bardas Investment plans production studio at former Sears

Bardas Investment Group founder David Simon and the site of the project. (Google Maps, Bardas, Getty) Demand for film and production space in Los Angeles is booming and Bardas Investment Group wants in. The firm plans to develop a ...

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  • 04 May
  • The Real Deal
  • Uncategorized
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Renters prepare for eviction crisis as aid is held up

(Getty, iStock/Illustration by Alexis Manrodt for The Real Deal) The U.S. may be past the worst of the pandemic, but it could be in for another major crisis. With a federal moratorium on evictions scheduled to end June 30, millions of ...

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  • 04 May
  • The Real Deal
  • Uncategorized
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Media mogul Byron Allen is building a Beverly Hills megamansion

Rendering’s of Byron Allen’s future mansion. (Getty, Landry Design Group) Media mogul Byron Allen is building a megamansion in Beverly Hills after securing more than $80 million in financing, adding to a collection of luxury homes from ...

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  • 04 May
  • The Real Deal
  • Uncategorized
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Developer Eli Broad dies; vision for LA extended past real estate

Eli Broad, during the construction of The Broad museum. (Getty) Eli Broad, who founded a multibillion-dollar homebuilding firm and went on to become one of Los Angeles’ most influential and prolific philanthropists, died Friday at 87. ...

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  • 03 May
  • The Real Deal
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Avenue 8, a mobile-first brokerage, raises $14M

Avenue 8 co-founders Justin Fichelson and Michael Martin. (Avenue 8, Getty) A week before the country went into lockdown last year, Avenue 8, a mobile-first residential brokerage, made its first agent hire. Now, the company has nearly ...

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  • 03 May
  • The Real Deal
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AECOM JV lands $500M loan on boutique hotel-condo

AECOM Capital CEO Warren Wachsberger and Combined Properties Chairman Ronald S. Haft with the Pendry West Hollywood AECOM Capital and Combined Properties secured a $505 million loan package on its just completed boutique hotel and ...

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  • 03 May
  • The Real Deal
  • Uncategorized
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Meet Kirsten Jordan, MDLNY’s new female cast member

Kirsten Jordan drinks her morning tea from a Wonder Woman mug — fitting for the Douglas Elliman agent, who is the first woman to join the cast of Bravo’s “Million Dollar Listing New York.” Jordan talked to The Real Deal from her Upper ...

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  • 03 May
  • The Real Deal
  • Uncategorized
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CoStar lures workers back to offices with cash prizes, Teslas

Photo illustration of CoStar CEO Andrew Florance (iStock, CoStar) Three lucky CoStar employees and their guests will be heading to Barbados on a private plane, with all expenses paid by their employer. Who gets to take the fancy trip? ...

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  • 03 May
  • The Real Deal
  • Uncategorized
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Biden’s proposal to cut 1031 exchanges may be “tremendous blow” to real estate: experts

President Joe Biden (Getty) Last spring, Newmark broker Ken Zakin was hustling to find a buyer for a client’s retail property in Queens. The tenants had stopped paying rent because of the pandemic, leading to a major loss in income for ...

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  • 03 May
  • The Real Deal
  • Uncategorized
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