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Month: October 2021

Santa Ana passes Orange County’s first rent-control law

Santa Ana City Council & aerial of the city of Santa Ana, California (iStock, santa-ana.org) Santa Ana is the first city in Orange County with rent control and just-cause eviction protections. The Santa Ana City Council approved ...

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  • 26 Oct
  • The Real Deal
  • Uncategorized
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Prologis on hook for mystery stink in Carson?

Prologis CEO Hamid Moghadam with an illustration of last month’s El Sereno warehouse fire (Twitter/NOT_INTO_IT, iStock, Getty) A group of homeowners in Carson are blaming Prologis and one of its tenants for intense and unpleasant ...

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  • 26 Oct
  • The Real Deal
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Construction labor management platform Bridgit raises $24M

Bridgit co-founder and CEO Mallorie Brodie (LinkedIn, iStock) Bridgit, a construction-tech company looking to modernize workforce management and planning, raised $24 million in a Series B round. Camber Creek and Storm Ventures led the ...

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  • 26 Oct
  • The Real Deal
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CRE has biggest-ever sales quarter

The boom is largely fueled by investors snagging a large number of single properties in a multitude of deals, rather than previous booms featuring plentiful portfolio sales, or sales of entire companies. (iStock) Investors purchased ...

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  • 26 Oct
  • The Real Deal
  • Uncategorized
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K-Town tower trims transient units, grows to 40 stories, gets City Council OK

Urban Offerings founder Dean Nucich and Forme Development President Damon Chan (Urban Offerings, Forme Development) A trio of developers have secured all necessary approvals for a 40-story residential development in Koreatown following ...

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  • 26 Oct
  • The Real Deal
  • Uncategorized
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Ellen DeGeneres, Portia de Rossi follow biggest sale ever with pair of luxe buys

Portia de Rossi and Ellen DeGeneres closed three deals in September (Getty) Prolific property investors Ellen DeGeneres and Portia de Rossi had a busy September. The couple closed three deals last month, including their priciest ever, ...

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  • 26 Oct
  • The Real Deal
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Developer sees tear-down, build-up in Boyle Heights

Will Tiao of Tiao Properties with the site of the development (Google Maps, Tiao) A developer is planning to knock down a 111-year-old building and build a six-story mixed-use complex on a main commercial drag of Boyle Heights. Tiao ...

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  • 26 Oct
  • The Real Deal
  • Uncategorized
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Ron Burkle’s $155M play on Wall Street: American Stock Exchange HQ

From left: Ron Burkle, founder, Yucaipa Companies and David Gilbert, chief executive officer, Clarion Partners in front of 86 Trinity Place (Getty Images, Clarion Partners, Google Maps) Los Angeles-based billionaire Ron Burkle is ...

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  • 25 Oct
  • The Real Deal
  • Uncategorized
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Rockefeller’s new industrial equation works out to $57.5M in IE

Rockefeller Group CEO Daniel Moore and Harvill Logistics Center (Rockefeller Group) Rockefeller Group has sold one of its newly built warehouses in the Inland Empire to a venture composed of two New York-based investors and a firm ...

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  • 25 Oct
  • The Real Deal
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Fashion entrepreneur sketches 411-unit apartment complex in Chinatown

Renderings of the project and TRJLA CEO Kevin Chen (Los Angeles City Planning / AC Martin) An eight-story apartment complex with 411 units is planned for a parking lot in Chinatown. Developer TRJLA filed plans with the city of Los ...

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  • 25 Oct
  • The Real Deal
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