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Month: August 2022

Rents rise across US, but fall in Greater LA, study finds

(Illustration by The Real Deal with Getty) Across the nation, big-city rents are rising – but not in Southern California, where monthly payments have edged downward in Los Angeles and the Inland Empire. Median rent across the nation’s ...

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  • 30 Aug
  • The Real Deal
  • Uncategorized
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Nearly 500-acre LA County fairgrounds ripe for redevelopment

Fairplex’s Walter Marquez Fairplex fairground (Fairplex, TheRealThummer Public domain via Wikimedia Commons, Google Maps) A century after it opened on a beet field in Pomona, the 487-acre home of the Los Angeles County Fair may be up ...

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  • 29 Aug
  • The Real Deal
  • Uncategorized
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Virgin Hyperloop moves HQ to Atlas Capital’s Row DTLA

Virgin Hyperloop CEO Josh Giegel and ROW DTLA (ROW DTLA, Twitter/jgiegel) Virgin Hyperloop has moved its headquarters in the Arts District. The tech firm working on high-speed travel concepts signed a four-year lease in June to take ...

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  • 29 Aug
  • The Real Deal
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LA’s eviction moratorium continues for at least a month

Los Angeles city councilmember John Lee, Dan Yukelson (John Lee, LinkedIn, Getty) Los Angeles City Council voted Aug. 26 to extend for another month one of the longest-running pandemic moratoriums on evictions in California. Los ...

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  • 29 Aug
  • The Real Deal
  • Uncategorized
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Project Homekey to pump $452M into LA market

Gov. Gavin Newsom (Getty) The state of California has awarded $452 million to the city and county of Los Angeles that with matching funds will create 1,470 homes for homeless residents as part of its Project Homekey. Gov. Gavin Newsom ...

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  • 29 Aug
  • The Real Deal
  • Uncategorized
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Sylmar project aims for 100% affordable market

View of Sylmar Village at 12534 San Fernando Road (JZA) A large affordable housing project is likely coming to the City of L.A.’s northernmost neighborhood. Developer Aaron Mensch, operating under his firm R2H Development, filed a ...

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  • 29 Aug
  • The Real Deal
  • Uncategorized
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FivePoint loses $11M in second quarter

Five Point Holdings ceo Dan Hedigan and FivePoint HQ at 2000 FivePoint, 4th Floor in Irvine (Five Point Holdings, Getty) Five Point Holdings, which laid off a fifth of its workforce five months ago, lost $11 million in the second ...

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  • 29 Aug
  • The Real Deal
  • Uncategorized
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Chateau Marmont scrubs members-only plan, accepts union

André Balazs with Chateau Marmont (Getty, Google Maps) The nearly century-old Chateau Marmont in West Hollywood, a popular hotel for celebrities, has scrapped plans to become a members-only club while agreeing to let its workers ...

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  • 26 Aug
  • The Real Deal
  • Uncategorized
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Have 1M sf to fill? Home Depot can help

Prologis’ Hamid Moghadam, Duke Realtys Jim Connor, Home Depot’s Edward Decker; 13131 Los Angeles Street in Irwindale (Prologis, Duke Realty, Home Depot, Getty) Move over Amazon.com, Home Depot is the new belle of the ball for ...

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  • 26 Aug
  • The Real Deal
  • Uncategorized
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New law changes requirements to take California broker exam

Stan Smith and Assemblymember Jacqui Irwin (Jacqui Irwin, Stan Smith, Getty) A new California law adds requirements to get a real estate broker’s license. Gov. Gavin Newsom signed AB 2745 into law on Aug. 22, stipulating that to sit ...

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  • 26 Aug
  • The Real Deal
  • Uncategorized
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