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Month: October 2021

Andreessen revealed as buyer of California’s most expensive house

Marc Andreessen and his new house (Google Maps, Getty) Silicon Valley venture capital legend Marc Andreessen is the new owner of California’s most expensive house. The Malibu mansion sold for $177 million earlier this week to the ...

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  • 29 Oct
  • The Real Deal
  • Uncategorized
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Oceanwide’s LA gap swells to $2.3B

Oceanwide Plaza in Los Angeles (iStock) Oceanwide, one of the largest real estate conglomerates in China, isn’t expecting to finish its Los Angeles flagship anytime soon –– or at anywhere near the price it first put on the project. The ...

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  • 29 Oct
  • The Real Deal
  • Uncategorized
  •  1

Apartment owner charged on “trapped” seniors in Chinatown

Cathay Manor is a 16-story, 270-unit building located at 600 N. Broadway (loopnet.com, iStock) The owner and operator of a publicly subsidized residential high-rise in Chinatown has been charged with more than a dozen misdemeanors and ...

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  • 29 Oct
  • The Real Deal
  • Uncategorized
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Covington gets 3.4M sf in IE’s priciest deal of year

Kenneth Sheer, president and chief executive officer, Covington Group (City of Victorville, Covington Group) A Dallas-based firm has taken a big bite out of the Inland Empire’s industrial inventory in the priciest deal of the year for ...

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  • 29 Oct
  • The Real Deal
  • Uncategorized
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$177M for Malibu home sets California record

Fashion executive Serge Azria was the seller of the property (Getty) Kurt Rappaport handled both ends of the biggest home sale in the history of California. Fashion executive Serge Azria recently sold his Malibu pad for $177 million, ...

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  • 29 Oct
  • The Real Deal
  • Uncategorized
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Safehold snares ground lease under Ron Burkle’s troubled NoMad Hotel

Jay Sugarman, chairman and chief executive officer of Safehold, Inc., in front of The NoMad Hotel in New York. NY (Getty Images, TheNoMadHotel.com) Safehold, which specializes in acquiring ground leases, has once again done what it ...

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  • 29 Oct
  • The Real Deal
  • Uncategorized
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Oceanwide creditors seize SF project

Oceanwide Center, 50 1st St, San Francisco, CA 94105 (Rendering © DBOX, iStock) Oceanwide, one of China’s biggest real estate companies, lost control of its flagship San Francisco project. Debtholders seized Oceanwide Center, which has ...

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  • 28 Oct
  • The Real Deal
  • Uncategorized
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Here’s where housing funds stand in Biden’s slimmed-down spending bill

Joe Biden, Charles Schumer, and Nancy Pelosi (Wikipedia) As Democrats tangle over the details of the Build Back Better reconciliation bill, its housing funding has been on the chopping block for weeks. Now, a clearer picture of the ...

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  • 28 Oct
  • The Real Deal
  • Uncategorized
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Silicon Valley power couple named as buyers of Ellen Degeneres’ Beverly Hills home

Ellen Degeneres & Portia de Rossi, Mood Rowghani & Tara Dhingra, and view of 825 Loma Vista Drive (Getty Images, estately.com) The mystery buyer of Ellen Degeneres and Portia de Rossi’s Beverly Hills home has been unmasked. ...

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  • 28 Oct
  • The Real Deal
  • Uncategorized
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Ariana Grande flies on from Bird Streets manse

Ariana Grande & view of 9127 Thrasher Ave (zillow.com, Getty Images) Thank you, next — Ariana Grande has sold her Hollywood Hills mansion for $14 million. The deal doesn’t look to be about the money –– the 28-year-old pop star ...

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  • 28 Oct
  • The Real Deal
  • Uncategorized
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