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Month: June 2022

Feds pledge $900M for San Fernando Valley light-rail line

LA Metro CEO Stephanie Wiggins and a rendering of the East San Fernando Valley Light Rail Line (LinkedIn/Stephanie Wiggins, Metro) A proposed light rail line through the San Fernando Valley is set to pull out of the station with $900 ...

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  • 02 Jun
  • The Real Deal
  • Uncategorized
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Court settlement clears way for $63M ask on latest Bel Air megamansion to hit market

775 Sarbonne and Thomas Flohr (Plus Development, Getty) Another Bel Air megamansion is on the market. 755 Sarbonne Rd., a 15,000-square-foot home, was recently listed for $63 million, or $4,233-per-square-foot. It follows the ...

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  • 02 Jun
  • The Real Deal
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California water report: Enough to support new residential development

(iStock) California is in a drought and facing government-mandated restrictions on water use but experts say there’s still enough to supply new housing development––although there are a couple of big ifs. There will be plenty of water ...

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  • 02 Jun
  • The Real Deal
  • Uncategorized
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Warehouse “buffer bill” advances

Assembly Majority Leader Eloise Gómez Reyes (California State Assembly, Public domain, via Wikimedia Commons, iStock) A bill that would create a 1,000-foot buffer zone between large warehouse developments and residential areas has ...

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  • 02 Jun
  • The Real Deal
  • Uncategorized
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Metro gives double toot for $2.3B Union Station makeover

Metro CEO Stephanie Wiggins and a rendering of the Union Station (Getty, Metro) A $2.3 billion makeover and expansion of Union Station in Los Angeles just picked up a $720-million head of steam. The board of directors of Metro, a ...

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  • 01 Jun
  • The Real Deal
  • Uncategorized
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Eastvale OK to turn dairy into downtown

Mayor Pro Tem Todd Rigby and a view of the former dairy farm (Eastvale, Google Maps, iStock) Talk about makeovers: A 12-year-old city in northwest Riverside County plans to turn a dairy farm into its downtown. The Eastvale City Council ...

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  • 01 Jun
  • The Real Deal
  • Uncategorized
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Self storage still hot: Developer plans four-story facility south of DTLA

Chip Brown with 1711 E 15th St (InSite, Redfin) Self-storage developer InSite wants to build a four-story facility in an industrial area south of Downtown Los Angeles. InSite filed its project plans with the city planning department ...

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  • 01 Jun
  • The Real Deal
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Beachfront luxe listing in record territory for Redondo

417 Paseo De La Playa (The Altman Bros, iStock) The ask on a beachfront compound in the Riviera Village section of Redondo Beach just went up by more than 50 percent–– but don’t mistake that as a sign of continued extreme heat at the ...

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  • 01 Jun
  • The Real Deal
  • Uncategorized
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Default risk for Chinese parent of DTLA’s Metropolis complex

Greenland Holdings’ Zhang Yuliang with the Barclays Center in Pacific Park (Getty, Pacific Park Brooklyn) The Chinese parent company of Pacific Park co-developer Greenland USA is at risk of defaulting on its debt payments. Greenland ...

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  • 01 Jun
  • The Real Deal
  • Uncategorized
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Default risk for Chinese parent of DTLA’s Metropolis complex

Greenland Holdings’ Zhang Yuliang with the Barclays Center in Pacific Park (Getty, Pacific Park Brooklyn) The Chinese parent company of the developer behind the 3.3 million-square-foot Metropolis hotel-and-residential complex is ...

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  • 01 Jun
  • The Real Deal
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