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Month: December 2023

Meet Max Netty, developer of a 17-floor apartment project in Beverly Hills

In November, a developer named Max Netty filed an application to build what would be the tallest building in Beverly Hills, if completed. The 17-story tower would rise on Rodeo Drive, just south of Wilshire Boulevard.  Netty’s firm, ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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Toll Brothers expands Meadows project in Lake Forest to 611 homes 

Toll Brothers will build 70 homes in Lake Forest after a local school district scrapped plans for an elementary school. The Pennsylvania-based developer won approval from the City Council to build the homes in the Meadows Residential ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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Blake Griggs looks to swap office park for 200 apartments in Monrovia

Blake Griggs Properties wants to replace a 1.6-acre office park in Monrovia with 200 apartments. The Danville-based developer led by Bradley Blake and Brad Griggs has filed plans to build a five-story building at 701 South Myrtle ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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Tomer Fridman, Sally Forster Jones take sales desk at Westwood condos

UPDATED DEC. 12 at 10 a.m.: The task of selling new condos at Beverly West in Westwood have passed to top agents Tomer Fridman and Sally Forster Jones of Compass, who will co-list the units with Amir Ensani. Currently, about 11 ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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Shekhter’s WS Communities defaults on Hankey Capital loan

WS Communities, the apartment landlord founded by Neil Shekhter, has defaulted on a loan from Hankey Capital tied to a parcel in Santa Monica, The Real Deal has learned.  The firm is in default on a $5.35 million loan from the lender ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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There’s lithium in them thar hills: The sudden rise of Imperial County

Imperial County, a sparsely populated desert region in Southern California, is drawing attention not for its iconic landmarks like Salvation Mountain or the Salton Sea but for the vast lithium deposits hidden beneath its surface.  The ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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Investors shy away from LA apartment market in doldrums

L.A.’s apartment market is nearly on the rocks. That’s the conclusion of Yardi Matrix, whose new report says sluggish rent growth, diminishing  demand and a return to lower but historically average construction starts are dogging the ...

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  • 11 Dec
  • The Real Deal
  • Uncategorized
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Median price for an OC home reaches record high of nearly $1.1M 

Home buyers in Orange County now must pay a record $1.085 million for a typical house. The cost of a median-priced OC home jumped 14 percent on an annual basis in October to an all-time high, while a typical home in the Southern ...

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  • 11 Dec
  • The Real Deal
  • Uncategorized
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Marcus & Millichap and Archer partner in proptech deal

Marcus & Millichap, a Calabasas-based commercial brokerage firm, has announced a partnership with San Francisco-based technology company Archer to advance its presence in the proptech sector. The two companies have not disclosed ...

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  • 11 Dec
  • The Real Deal
  • Uncategorized
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Relevant Group sells Morrison Hotel site at a loss to AHF

Relevant Group has sold the Morrison Hotel in Downtown Los Angeles — named after appearing on The Doors’ album cover of the same title — to AIDS Healthcare Foundation, The Real Deal has learned.  The hotel developer, run by Grant King, ...

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  • 11 Dec
  • The Real Deal
  • Uncategorized
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