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Month: December 2023

Apartment rents expected to rise up to 4% through 2025 across SoCal

Apartment rents across Southern California are expected to rise up to 4 percent through 2025, according to a new study. Rents are projected to rise between 2 and 4 percent across the six-county region, according to the Orange County ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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$22.5M sale marks priciest Santa Monica residential deal in two years

A Santa Monica house designed by Peter Choate, an architect popular with Hollywood glitterati in the mid-to late 20th century, has sold in an all cash deal for $22.5 million. The 9,300-square-foot home located at 2121 La Mesa Drive, ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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NewMark Merrill pays $28M for former Sears store in Thousand Oaks

NewMark Merrill Companies has bought a retail strip in Thousand Oaks — formerly home to a Sears department store.  The Calabasas company bought the 172,800-square-foot center at 145 West Hillcrest Drive from Seritage Retail Group, ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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U2 frontman Bono said to invest in Hollywood Hills mansion

Los Angeles has figured as a regular stop on tours for rock band U2, whose vocalist Bono reportedly wants a little piece of the city. Bono, born Paul Hewson, has invested in the development of a mansion in the Hollywood Hills, ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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Reality TV star Carmine Sabatella moves to The Agency

Carmine Sabatella, star of the HGTV show “Inside Out,” has brought his real estate business The Sabatella-Delair Group to The Agency. Despite co-hosting a reality television show for about five seasons, Sabatella told The Real Deal ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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Even with $120M in state grants, Shangri-La Industries can’t repay loans

UPDATED, Dec. 1, 2023, 9:40 p.m.: In 2020, the State of California gave Shangri-La Industries, a developer based in Downtown L.A., about $7 million to convert a Good Nite Inn motel into 100 units of housing for those struggling with ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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$150M listing catapults Manhattan Beach to top of ultra luxe market

Listing prices in Manhattan Beach have approached the low end of the ultra luxe markets in Malibu and Beverly Hills, but a new entry goes far beyond what most mansion in L.A. County’s ritziest neighborhoods ask. A nearly 13,000-square ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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Cushman & Wakefield terminates LA head Phil Brodkin

Cushman & Wakefield has terminated the head of its Los Angeles operations, Phil Brodkin, as the commercial brokerage continues cost-cutting measures.  Brodkin joined Cushman & Wakefield in mid-2021 and oversaw Downtown, West ...

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  • 05 Dec
  • The Real Deal
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“Ziggurat” building in Laguna Niguel heads to auction for second try

The U.S. federal government is relisting the “Ziggurat” office building in Laguna Niguel, after a failed auction in June. And this time, it’s allowing potential buyers to knock down the property and redevelop it.  The General Services ...

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  • 04 Dec
  • The Real Deal
  • Uncategorized
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