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Month: January 2022

Deka Group bags Whole Foods site in Santa Monica for $54 million

2121 Cloverfield Boulevard in Santa Monica and Deka Immobilien’s Driss Oualkadi (DFH Architects, Deka Immobilien) An investor based in Germany has bought into the thriving grocery segment of the retail sector in the U.S. with a $54 ...

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  • 06 Jan
  • The Real Deal
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Judge denies motion to dismiss broker commissions lawsuit

From left: RE/MAX CEO Adam Contos, KW CEO Carl Liebert, Home Services of America CEO Gina Blefari, Realogy Holdings’ Ryan M. Schneider (Photos via Facebook, KW, Home Services) In the quest to explain why home sale commissions are ...

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  • 06 Jan
  • The Real Deal
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State of California to hand out pandemic-related mortgage relief

(iStock) California homeowners who struggle to make their mortgage payments because of the pandemic could be in line for relief. State housing officials will tap into federal funds to offer grants of up to $80,000 to owners who have ...

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  • 06 Jan
  • The Real Deal
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Dutch hotel chain breaks ground in Texas with new $67M tower

617 Colorado Street, Austin, Texas (CitizenM) Move over, Citizen Kane. Dutch hotel chain CitizenM is moving into Texas with a $67 million hotel tower it’s developing in downtown Austin, the state’s capital city, news outlet Culturemap ...

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  • 06 Jan
  • The Real Deal
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Investor shifts to development, eyes apartments, recording studio in South LA

Oliver Omidvar in front of 2710-2804 West Florence Avenue (Royalty Lenders, LoopNet, iStock) Investor Oliver Omidvar is entering the ground-up residential development space with plans for a $50 million, 120-unit apartment complex in ...

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  • 06 Jan
  • The Real Deal
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Shonda Rhimes’ latest hit: Record price in Hancock Park

Shonda Rhimes, television producer, screenwriter, and author, in front of 355 Muirfield Rd. (Getty Images, Redfin) TV producer Shonda Rhimes has spun off her Italianate villa-style mansion in Hancock Park for $21 million–a record price ...

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  • 06 Jan
  • The Real Deal
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Black Lion stays busy with New Jersey retail buy

Robert Rivani and ITC Crossing South (LinkedIn) Los Angeles-based Black Lion Investment Group ended last year by expanding into New Jersey. The firm, run by Robert Rivani, bought a 373,600-square-foot shopping center, dubbed ITC ...

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  • 06 Jan
  • The Real Deal
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PGIM buys into Long Beach retail

Long Beach Exchange at 4069 N. Lakewood Blvd. and ollywood & Highland at 6801 Hollywood Blvd. (DiscoverLA, Burnham Ward) New Year’s confetti has showered Burnham Ward Properties, which just closed on the sale of its Long Beach ...

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  • 05 Jan
  • The Real Deal
  • Uncategorized
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Game company founder scores Malibu win

Daniel Starr and 27405 Pacific Coast Highway, Malibu (Redfin) Sorry Mom, video games do pay off. Daniel Starr, the founder of GameMine, a fast-growing mobile gaming platform, recently sold a Malibu mansion for a tick under $15 million ...

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  • 05 Jan
  • The Real Deal
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Industrial vacancy rate hits record low: report

(iStock) The squeeze is intensifying in the industrial real estate market, which is seeing record low vacancies and enormous net absorption, pushing up rents and following one record quarter with another. Cushman & Wakefield’s ...

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  • 05 Jan
  • The Real Deal
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