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Month: July 2021

Reuben brothers look to foreclose on Witkoff’s West Hollywood Edition

Witkoff Group CEO Steve Witkoff, Simon and David Reuben and The West Hollywood Edition (Getty, Witkoff) The West Hollywood Edition may soon be up for grabs, The Real Deal has learned. The trendy 190-key hotel at 9040 Sunset Boulevard, ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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Trump CFO Allen Weisselberg quit roles even before indictment

Trump CFO Allen Weisselberg (Getty) Trump Organization CFO Allen Weisselberg began to shed his company titles just before he was indicted, new documents show. Weisselberg began resigning from his dozens of positions in late June, part ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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LA County commits $500 million to homeless spending

LA County allocates record new homeless spending (Getty) The Los Angeles County Board of Supervisors agreed on Tuesday to spend a record $527 million in the 2021-22 fiscal year to address the county’s vexing homelessness crisis. The ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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Developer plans 123-unit SRO in Pasadena

100 E. Green Street (Google Maps) A local developer is looking to build a 123-unit single-room occupancy complex in Pasadena. The 86,000-square-foot building would have all studio apartments and 2,500 square feet of ground-floor retail ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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WeWork drops space at Hudson Pacific’s Arts District building

Hudson Pacific Properties CEO Victor Coleman and WeWork CEO Sandeep Mathrani with The Maxwell (Hudson, WeWork) In its latest retreat, the once-high-flying co-working firm WeWork has dropped some of its space at an office building in ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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Bidding wars for homes decline across United States

(iStock) Home buyers can take a breath. Maybe not a deep one, but a breath: Bidding wars on properties across the United States are declining, the latest sign of an easing housing market. A new report from Redfin suggests that buyers ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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Single Amazon warehouse to file for IPO

ROX Financial president Anthony Moro (Getty, iStock) Another Bay Area startup is planning to cash in by going public, but it’s not an e-commerce firm or a social network — it’s a warehouse an hour west of San Francisco. ROX Financial ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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PE firm Velocis snaps up a pair of Dallas-area industrial sites

Velocis co-founders Jim Yoder, Fred Hamm and Mike Lewis (Velocis, Getty) Better late than never: as the industrial real estate sector continues to boom, Velocis is getting in on the action. The Dallas-based private equity firm, which ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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Last defendants in $1B real estate Ponzi scheme plead guilty

Ivan Acedveo and Dane Roseman pleaded guilty Monday to their roles in a scheme that bilked thousands of property investors. Robert Shapiro, above, the mastermind, was sentenced in 2019. Over five years, beginning in 2012, Sherman ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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Newsom signs small business grants as part of relief package

Street performers on Hollywood Boulevard as retail and tourism recovers in the state (Getty) Gov. Gavin Newsom signed a series of budget bills that will send out hundreds of millions of dollars to struggling small businesses with ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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