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Month: February 2023

At Side convention, optimism means laughter in down market

Photos from Side x Side conference (Photos by Andrew Asch for The Real Deal, Getty) During his keynote address at Side’s annual conference, the white-label brokerage’s co-founder Guy Gal poked fun at the current down market for ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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Skid Row Housing Trust struggles to divest 29 buildings

Interim Chief Executive Officer Joanne Cordero with Skid Row Housing Trust (Getty, Skid Row Housing Trust) Skid Row Housing Trust, the largest owner of affordable housing along L.A.’s Skid Row, is itself on the verge of becoming down ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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Grubb Properties eyes 70 apartments in East Hollywood

Grubb Properties CEO Clay Grubb and 1353 North Western Avenue, Los Angeles (Clay Grubb, Urban Architecture Lab) Grubb Properties seeks to build a 70-unit, mixed-used apartment complex in East Hollywood. The North Carolina-based ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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LA landlords must pay to relocate tenants facing hefty rent hikes

A photo illustration of Los Angeles Councilmembers Nithya Raman and John Lee (Getty) Landlords in Los Angeles must now pay to relocate tenants who move after a large rent increase. The Los Angeles City Council has adopted an ordinance ...

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  • 08 Feb
  • The Real Deal
  • Uncategorized
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City of Industry rents house to councilman for $1,175 a month

Councilman Michael Greubel (Getty, City of Industry) It pays to be a politician in City of Industry, where a fourth councilmember has been issued a city-owned house at below-market rent. The city’s housing authority has allowed ...

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  • 08 Feb
  • The Real Deal
  • Uncategorized
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Los Angeles rents dip in January, Zumper report finds

(Photo Illustration by The Real Deal with Getty) The year started with a mixed picture for the Los Angeles rental market. January 2023 median rents increased 8 percent for one- and two-bedroom apartments in a year-over-year index ...

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  • 08 Feb
  • The Real Deal
  • Uncategorized
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Florence Apartment Corp. plans to add units to Rampart Village

Rendering of 3301 W Beverly Boulevard with Amir Ohebsion (LinkedIn, John Kaliski Architects) Florence Apartment Corp. aims to build a 100-unit apartment complex in Rampart Village. The Central-Alameda-based developer led by Amir ...

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  • 08 Feb
  • The Real Deal
  • Uncategorized
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IRA Capital buys 450K sf office campus in Irvine for $102M

IRA’s Amer Kasm with 16715-16969 Von Karman Avenue (IRA, Google Maps, Getty) IRA Capital has bought a 450,000-square-foot office campus in Irvine for $102.4 million. The Irvine-based commercial real estate investor bought the VKCC, a ...

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  • 08 Feb
  • The Real Deal
  • Uncategorized
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Sizing up LA’s construction pipeline

The top 10 construction projects on tap for Los Angeles add up to nearly $1.4 billion in investment and will deliver more than 3,000 housing units, but the priciest project is purely commercial. JMB Realty is developing a Bjarke Ingels ...

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  • 07 Feb
  • The Real Deal
  • Uncategorized
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Kilroy-backed initiative aims to shoot down mansion tax

From left: Kilroy Realty’s Joh Kilroy and California Business Roundtable’s president Robert Lapsley (Kilroy Realty, Getty, College Campaign) A new state ballot initiative backed by Kilroy Realty is hoping to invalidate Measure ULA, a ...

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  • 07 Feb
  • The Real Deal
  • Uncategorized
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