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Month: November 2021

Joel Silver relists Legorreta-designed Brentwood mansion for $75M

Joel Silver and his property (Getty, Williams & Williams Estates Group) Hollywood titan Joel Silver is relisting his sprawling Brentwood mansion with a slight discount from last year’s ask. The producer is now asking $75 million ...

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  • 16 Nov
  • The Real Deal
  • Uncategorized
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Buyers go bonkers as Macklowe art auction fetches $676M

Photo illustration of Harry Macklowe and Linda Macklowe (Getty/Illustration by Kevin Rebong for The Real Deal) Reverberations from Harry and Linda Macklowe’s acrimonious divorce echoed throughout the art world Monday night as more than ...

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  • 16 Nov
  • The Real Deal
  • Uncategorized
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Hackman Capital to pay $1.8B for ViacomCBS’ Studio Center

Michael Hackman and Robert Backish with CBS Studio Center (CBSSC, Hackman Capital, ViacomCBS) Hackman Capital Partners is adding an iconic Los Angeles studio complex to its growing portfolio of studio space. The firm and partner Square ...

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  • 16 Nov
  • The Real Deal
  • Uncategorized
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Compass, Avi Dorfman settle as brokerage’s shares hit all-time low

Avi Dorfman, Compass CEO Robert Reffkin and chairman Ori Allon (Getty) After a seven-year legal battle, Compass has rewritten its history to include tech entrepreneur Avi Dorfman as one of the brokerage’s founders. Dorfman sued Compass ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Pharma outfit to set up R&D in 56K sf HQ near Marina del Rey

Armata Pharmaceuticals CEO Brian Varnum and Montana Avenue Capital Partners Managing Partner Jeremy Rogers with 5005 McConnell Ave (Montana, Armata) A pharmaceutical company has moved into a new research and development warehouse near ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Republicans game to live in blue states — unless there’s a Covid mandate

Republicans are more likely to move to blue states if there are no mask or vaccine mandates (Getty) Where you live and whom you vote for have never been more closely tied. Mapped election results over the past few decades show the red ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Pac-Man publisher signs largest OC lease in third quarter

15500 Sand Canyon Avenue in Irvine and Bandai Namco CEO Satoshi Ōshita (Google Maps, Namco Bandai, iStock) The studio behind Pac-Man chomped its way into Irvine with a new office lease for its U.S. subsidiaries. Tokyo-based Bandai ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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WeWork reports $802M loss in first earnings as public company

WeWork CEO Sandeep Mathrani (Getty, iStock) Despite an uptick in revenue, WeWork’s first earnings report as a publicly traded company revealed that it continues to hemorrhage hundreds of millions of dollars. The flex-office company, ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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CMBS delinquencies plunge, but still above pre-pandemic levels

The Shoppes at Buckland Hills in Connecticut (Google Maps, iStock) Bad commercial debt is getting harder to find. Since peaking at 10 percent last June, the delinquency rate for CMBS loans has fallen for 16 consecutive months, but ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Hollywood heavy hitter asks $22M for Beverly Hills Post Office home

Patrick Whitesell and the property (Getty, Redfin via Kurt Rappaport) Hollywood heavy hitter Patrick Whitesell is looking to cut a deal for his hillside estate in Beverly Hills Post Office. The executive chairman of the Endeavor talent ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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