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Month: March 2024

Cain secures $2B for One Beverly Hills megaproject

Cain International has scored a $2 billion financing package led by JP Morgan for a 17.5-acre luxury megaproject now under construction in Beverly Hills. The London-based developer, which is the majority partner in the deal, landed the ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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Patrick Soon-Shiong’s NantWorks buys another El Segundo building

NantWorks, the biotech holding company run by Los Angeles-based billionaire Patrick Soon-Shiong, has bought another El Segundo office building, boosting its portfolio of office, land and data centers in the South Bay city, The Real ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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Long Beach seeks aerospace developer to rework 17 acres near airport

Wanted: Builder to redevelop a 17-acre parking lot and slice of Long Beach Airport for aeronautical use. The City of Long Beach has issued a request for proposals to develop the lot and airfield at East Wardlow Road and Globemaster ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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Uncommon Developers envisions affordable apartments in Northridge

Uncommon Developers has added an affordable apartment complex in Northridge to its growing list of multifamily projects across Los Angeles. The Chatsworth-based builder has filed plans to construct a 255-unit apartment building at ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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“Million Dollar Listing” star agent Josh Flagg jumps to Compass

Josh Flagg, one of the most recognizable luxury brokers in Los Angeles as a long-time star of Bravo’s “Million Dollar Listing” series, is moving from Douglas Elliman to Compass, the company announced Tuesday. He will work in Compass’ ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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J+R Group proposes office-to-home conversion in Irvine

J+R Group wants to convert an eight-story office building in Irvine into 76 homes. The locally based developer led by Morgan Zhang has filed plans to turn part of the 178,000-square-foot office building into apartments at 1901 Main ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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Richard Weintraub plans to build Malibu Canyon resort — again

Richard Weintraub, CEO of Weintraub Real Estate Group, plans to build a massive hotel in Malibu, according to the plans submitted to the City of Malibu in January. The developer has worked for more than a decade on various plans for ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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Montecito mortgage scam leads to murder for hire, sheriff alleges

Two years ago, sheriff’s deputies found 96-year-old Violet Evelyn Alberts strangled inside her hillside home in Montecito. Last week, the Santa Barbara County Sheriff’s Department announced the arrest of three people charged in a ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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FPA Multifamily pays $153M for Ventura County apartment portfolio

FPA Multifamily has purchased two vintage apartment complexes in east Ventura County for $153 million. The San Francisco-based investor bought the 242-unit Oakview Apartment Homes at 645 Hampshire Road in Westlake Village, and the ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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City Market of LA gets new deal for retail village in Fashion District

City Market of Los Angeles has moved forward with approved plans to turn three blocks in Downtown L.A.’s Fashion District into an urban-retail village with nearly 1,000 homes. The Downtown-based former wholesale produce retailer has ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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