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Month: October 2021

Rexford buys into gap left by Mitsuwa’s move to South Bay mall

Michael S. Frankel (Co-Chief Executive Officer and Director, Rexford Industrial) & 21515 S Western Ave (Google Maps, rexfordindustrial.com) Rexford Industrial will fill a gap left in Torrance by Japanese-American grocery store ...

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  • 22 Oct
  • The Real Deal
  • Uncategorized
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Oceanwide willing to sell Manhattan site at $190M loss

Rendering of 80 South Street (ATCHAIN) As the Evergrande crisis continues to unfold in China, one of the country’s largest companies is trying to unload a pricey Manhattan development site — and willing to swallow a big loss. Oceanwide ...

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  • 22 Oct
  • The Real Deal
  • Uncategorized
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Bank OZK loan originations reach highest level since 2017

George Gleason (Bank OZK) Bank OZK, one of New York and Miami’s most active construction lenders, saw loan originations reach their highest levels in nearly four years. Arkansas-based Bank OZK’s Real Estate Specialties Group closed ...

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  • 22 Oct
  • The Real Deal
  • Uncategorized
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LA City Council moves on 54 homeless encampments around city

Skid Row at Los Angeles (Getty Images) The Los Angeles City Council this week approved sweeps of 54 homeless camps across the city, calling for action four months after it approved a ban that applies to certain public spaces. The ...

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  • 22 Oct
  • The Real Deal
  • Uncategorized
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Real estate powers Blackstone’s best quarter ever

Stephen A. Schwarzman, CEO of the Blackstone Group (Getty Images, iStock) Blackstone reported a blockbuster third-quarter this week — the best in its 36-year history. Earnings more than doubled year-over-year to $1.28 per share, ...

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  • 22 Oct
  • The Real Deal
  • Uncategorized
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$98M back-up plan on Santa Ana office sale

Two MacArthur Place, Boyd Watterson CEO Brian Gevry, and Ocean West Principal Russ Allegrette (Two MacArther, Boyd Watterson, Ocean West) Two MacArthur in Santa Ana has traded hands for $98 million, adding nearly 20 percent to its ...

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  • 22 Oct
  • The Real Deal
  • Uncategorized
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Single-family rentals soaring in hot housing market

Single-family rentals are increasingly seen as a more realistic alternative to ownership, given the hot housing market and income inequality. (iStock) Americans are finding homeownership increasingly out of reach or not worth the ...

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  • 22 Oct
  • The Real Deal
  • Uncategorized
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WeWork stock up on first day, but profitability still fuzzy

Sandeep Mathrani (left) is WeWork’s current CEO after replacing Adam Neumann (right) in 2019 (Getty, WeWork) Two years after WeWork’s planned IPO imploded in spectacular fashion, the co-working company is now a publicly traded company ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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Washington Prime Group back from bankruptcy; CEO out

Former Washington Prime Group CEO Lou Conforti (Twitter, iStock) Just a few months after filing for Chapter 11, mall operator Washington Prime Group has emerged from bankruptcy. When the real estate investment trust, which owns more ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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Greenlaw ponies up for OK to develop 177k sf Amazon hub in San Gabriel Valley

Future Amazon Delivery Center at 1211 E. Badillo Street & Scott Murray (Partner, Greenlaw Partners) (LinkedIn, Wikipedia) The West Covina City Council on Tuesday approved Greenlaw Partners’ plans to redevelop a church property ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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