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Month: March 2022

Ian Schrager, Ed Scheetz in deal for Standard Hollywood

From left: Ian Schrager and Ed Scheetz in front of the shuttered Standard at 8300 Sunset Boulevard in Hollywood (Getty Images, iStock/Photo Illustration by Steven Dilakian for The Real Deal) The Standard is losing its brand in West ...

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  • 08 Mar
  • The Real Deal
  • Uncategorized
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Geoff Palmer moves ahead on apartment tower south of DTLA

Geoff Palmer with Tower at 2321 – 2327 S. Flower St. (Getty, Whatnowlosangeles) Developer Geoff Palmer has received preliminary approval to build a 15-story, 280-unit apartment tower just south of Downtown Los Angeles. The Los Angeles ...

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  • 08 Mar
  • The Real Deal
  • Uncategorized
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Cold storage stays hot: Prologis gets $225M in Riverside

Murad Siam, Hamid Moghadam, and David Mgrublian with 14800 Meridian Parkway (Meridian, IDS, Prologis) IDS Real Estate Group has expanded its cold-storage portfolio, buying a 1.2 million-square-foot facility in Riverside. The L.A.-based ...

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  • 08 Mar
  • The Real Deal
  • Uncategorized
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Washington Boulevard strip mall sold

Washington Plaza located at 408-530 E. Washington Blvd in Historic South Central (Google Maps) A strip mall along Washington Boulevard just south of Downtown Los Angeles has traded hands for $44.8 million. Carthay-based Reliable ...

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  • 08 Mar
  • The Real Deal
  • Uncategorized
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Ktown market up for sale with potential for multifamily

2323 West Olympic Boulevard (Google Maps) The site of a supermarket in Koreatown is up for sale, and its new owner could build a multifamily development on the site. LLR Investment, a limited liability company linked to Kenneth Lee, ...

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  • 08 Mar
  • The Real Deal
  • Uncategorized
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UC study sees harm in high rates of single family zoning

Study shows 78 percent of Southern California is zoned for single-family homes(UC Berkeley, iStock) Nearly four out of five neighborhoods in Southern California are zoned for single family homes, according to a new study. The UC ...

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  • 07 Mar
  • The Real Deal
  • Uncategorized
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Silver Creek unveils new plans for Viper Room hotel project

8850 Sunset Blvd (8850SunsetBlvd) A developer’s plan now calls for the famous Viper Room nightclub to be reborn within a newly designed 12-story boutique hotel and condominium tower in West Hollywood. After strong pushback for its ...

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  • 07 Mar
  • The Real Deal
  • Uncategorized
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Staley Point grabs more Inland Empire land for industrial

Staley Point Capital’s Kevin Staley (Staley Point, Google Maps) Staley Point Capital has added to its industrial portfolio, buying up more land for future industrial development in two key hubs of the Industrial Empire. The Los ...

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  • 07 Mar
  • The Real Deal
  • Uncategorized
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Fashion Nova founder Saghian goes biggest, gets The One

Richard Saghian and The One at 944 Airole Way in Bel-Air (Getty, Concierge Auctions) Richard Saghian, owner of fast-fashion company Fashion Nova, has been revealed as the bidder who beat out four rivals to buy the Bel-Air megamansion ...

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  • 07 Mar
  • The Real Deal
  • Uncategorized
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Production space near Hollywood Burbank Airport hits market

10011 West Alameda Avenue (Avison Young) An office and retail complex blocks away from Hollywood Burbank Airport is on the market for $25 million. The 1.9-acre property at 10011 West Alameda Avenue is the site of two buildings that ...

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  • 07 Mar
  • The Real Deal
  • Uncategorized
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