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Month: April 2022

Marcus & Millichap taps CBRE execs for auctions

Marcus & Millichap’s Adam Sklaver and Phil Kates (Marcus & Millichap, LinkedIn) Marcus & Millichap is getting into the business of auctions. The Calabasas-based brokerage has hired Adam Sklaver and Phil Kates from CBRE ...

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  • 11 Apr
  • The Real Deal
  • Uncategorized
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Super Bowl champ Matt Stafford buys two Drake homes for $11M

Drake and Matthew Stafford (Getty) Well, you only live once. Super Bowl champion Matthew Stafford tossed a touchdown pass to hip hop star Drake, paying him $11 million for two neighboring Los Angeles homes. The Wall Street Journal is ...

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  • 10 Apr
  • The Real Deal
  • Uncategorized
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Irvine-based developer buys 90K sf building in Orange County

Chairman and founder of Panattoni Company Carl Panattoni and the project site at 14351 Myford Road, next to project site at 14451 Myford Road in Tustin. (Google Maps, Panattoni) A global industrial developer has paid $19.3 million for ...

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  • 08 Apr
  • The Real Deal
  • Uncategorized
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L.A. Alliance doubles down on federal lawsuit over homelessness solution

L.A. Alliance for Human Rights’ Elizabeth Mitchell (Getty, L.A. Alliance for Human Rights) A coalition of Downtown property owners, residents and homeless individuals will move forward with a federal lawsuit against Los Angeles County ...

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  • 08 Apr
  • The Real Deal
  • Uncategorized
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Price on Steve Wynn’s Beverly Hills’ estate slashed again

Steve Wynn in front of 1210 Benedict Canyon Drive in Beverly Hills (Getty Images, Redfin) Steve Wynn hasn’t exactly busted — even if he is down another $15 million on the price of his Beverly Hills estate. The Las Vegas impresario made ...

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  • 08 Apr
  • The Real Deal
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MeUndies founder renting out Beverly Hills mansion for $200K per month

MeUndies’ Jonathan Shokrian with 909 Hartford Way (LinkedIn, Zillow, iStock) Jonathan Shokrian, the founder of underwear retailer MeUndies, is renting out a Beverly Hills mansion that his family has owned for decades, The Real Deal has ...

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  • 08 Apr
  • The Real Deal
  • Uncategorized
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Industrial availability in the Inland Empire is virtually nonexistent

Aerial view of the industrial warehouse district in Burbank (iStock) Pre-leasing has become the norm for industrial tenants in the Inland Empire, where vacancy rates for warehouse, manufacturing and distribution space are among the ...

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  • 08 Apr
  • The Real Deal
  • Uncategorized
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Rise in TV production signals demand for soundstages

Universal Studios backlot (Twitter via Bioreconstruct) TV production rose 10 percent in 2020 from the prior year on soundstages and studio backlots across Los Angeles County, according to a new report from FilmLA. Television shows made ...

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  • 08 Apr
  • The Real Deal
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LA signed contracts keep plummeting amid low inventory

(iStock) Federal interest rates may be rising, but L.A.’s residential market is still hot and inventory is still dramatically low — and contract signings are still suppressed. New signings on single family homes dipped yet again in a ...

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  • 08 Apr
  • The Real Deal
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Mark Wahlberg, Rhea Durham go for record price in Beverly Park

Rhea Durham and Mark Wahlberg and 71 Beverly Park in Beverly Park (Getty, Westside Estate Agency) Hollywood A-lister Mark Wahlberg has listed his 30,500-square-foot estate in Beverly Park for $87.5 million. The 12-bedroom, 20-bath ...

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  • 07 Apr
  • The Real Deal
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