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Month: December 2023

Michael Eisner’s $195M Malibu listing quietly comes off market

After spending about 18 months seeking a buyer, a Malibu estate listed for $195 million by former Disney CEO Michael Eisner has quietly come off market, according to listing sites. The estate at 33550 Pacific Coast Highway was ...

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  • 14 Dec
  • The Real Deal
  • Uncategorized
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Tireco spends $29M to buy Santa Ana office building

An affiliate of Tireco has picked up a 199,800-square-foot office tower in Santa Ana for $28.9 million, or nearly $4 million more than its twin traded for early this year. 3 Hutton LLC, an affiliate of the Gardena-based automotive tire ...

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  • 14 Dec
  • The Real Deal
  • Uncategorized
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“A real penalty”: how Newsom has legitimized builder’s remedy

When Gov. Gavin Newsom and the state’s attorney general, Rob Bonta, announced on Tuesday that the two wanted to jump into a fight over a builder’s remedy project in La Cañada Flintridge, land use attorney Dave Rand was elated.  The ...

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  • 14 Dec
  • The Real Deal
  • Uncategorized
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LA looks to give renters the right to legal counsel and pet ownership

Los Angeles City Council could enact safeguards for city renters dealing with legal representation and pets — both after-effects of the waning COVID-19 crisis. In a move to bolster tenant protections, the City Council has asked the ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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Redfin expands experiment with all-commission payroll

Redfin is rolling out a program that eliminates salaried agents, shifting them to an all-commission model as it looks to boost revenue and cut costs.  Redfin has historically classified its agents as employees, but its Redfin Next pay ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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State probe finds six violations by Shangri-La in Project Homekey

The California Housing and Community Development Agency has found a number of violations involving Shangri-La Industries’ Project Homekey developments, after the firm defaulted on seven loans tied to conversions across the state, The ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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Trammell Crow wins approval for nearly 1,500 homes in North Hollywood

Trammell Crow has won approval to build a 2.2 million-square-foot development in North Hollywood, with nearly 1,500 homes, offices and retail around a subway terminus. The Dallas-based developer and its affiliate, High Street ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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TPG, Strategic Office sell empty Thousand Oaks building at discount

TPG Real Estate Finance Trust and Strategic Office Partners have sold half of an office complex in Thousand Oaks for $14.9 million — a 25 percent lower price on a per-square-foot basis than what TPG bought it for, The Real Deal has ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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California’s Newsom, AG slam La Cañada Flintridge in builder’s remedy case

UPDATED, Dec. 12, 8:19 p.m.: Builder’s remedy has scored some big backers.  Gov. Gavin Newsom, California’s attorney general and the state’s housing department have asked to intervene in a court case over the legitimacy of builder’s ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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Snap snags $20M state grant to expand facilities and AR device plants

Snap has received $20 million from the state to expand its offices in Santa Monica, Palo Alto and perhaps San Francisco, as well as manufacturing plants for augmented reality devices. The Santa Monica-based parent of social media ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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