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Month: March 2024

Wilshire House unit sells in LA’s priciest condo deal this year

A full-floor unit at Wilshire House has traded in the priciest condo deal in Los Angeles County so far this year, The Real Deal has learned.  The property, Unit 20C at the 20-story luxury residential development, changed hands in a ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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Trammell Crow wins final approval for 1,600 homes at NoHo station

Trammell Crow has won final approval to build a 2.2 million-square-foot development in North Hollywood, with nearly 1,600 homes, offices and retail around the B Line subway terminus. The Dallas-based developer and its affiliate, High ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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Renters seeking higher-end, pricier apartments driving LA multifamily demand

Renters in Los Angeles are gravitating towards higher-end, luxury apartments.  Renters seeking top-tier apartments have been a crucial driver of apartment demand, with vacancies in four- and five-star ranked apartments falling to 8.6 ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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About 40% of CA cities still vulnerable to builder’s remedy projects

A significant portion of California cities — nearly 40 percent — remain vulnerable to builder’s remedy projects, according to the Department of Housing and Community Development’s data as of March 25, while courts across California are ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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Land and Houses pays $68M for Marriott hotel in Manhattan Beach 

Land and Houses USA has bought a 176-room, Marriott-branded hotel in Manhattan Beach for $68 million. The Campbell unit of Land and Houses Public Company, based in Thailand, purchased the Residence Inn Los Angeles LAX/Manhattan Beach ...

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  • 27 Mar
  • The Real Deal
  • Uncategorized
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Trammell Crow scores $200M for Long Beach multifamily project

Trammell Crow Residential has scored a $200 million financing package to build a 600-unit complex in Long Beach.  Kennedy Wilson provided a $166 million construction loan for the project, located at 600 West Broadway, while a national ...

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  • 27 Mar
  • The Real Deal
  • Uncategorized
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Stevenson Family Trust plans to build 249 apartments in Glendale 

Robert and Stefanie Stevenson Family Trust plans to build a multifamily apartment complex at 4728 San Fernando Road in Glendale, according to plans filed in February with the City of Glendale’s Planning Division. The developer, which ...

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  • 27 Mar
  • The Real Deal
  • Uncategorized
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Codi opens 36 coworking locations in LA metro market

Codi, a coworking rival to bankrupt WeWork, has opened 36 flex offices across greater Los Angeles. The San Francisco-based platform has leased nearly 92,000 square feet for operations in Santa Monica, Culver City and Los Angeles, the ...

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  • 27 Mar
  • The Real Deal
  • Uncategorized
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Jim Demetriades asks $85M for tricked-out estate in Beverly Crest

Tech titan Jim Demetriades hopes to sell his 28,000-square-foot mansion above Beverly Hills for $85 million. The Greek-born founder of Kairos Ventures and his wife, Nancy, have listed their 13-bedroom, 16-bathroom estate at 1499 ...

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  • 27 Mar
  • The Real Deal
  • Uncategorized
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State Farm will not renew 72K property policies in California

Spare the “good neighbor” jokes — for residents with more than 70,000 State Farm home and apartment insurance policies across the state, the insurance market has left them in the lurch. Illinois-based State Farm General Insurance won’t ...

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  • 24 Mar
  • The Real Deal
  • Uncategorized
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