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Month: March 2024

Metropolitan Theatres files Chapter 11 to renegotiate cinema leases

The century-old Metropolitan Theatres has gone belly up, with theater lease agreements in Los Angeles, Santa Barbara and beyond open to question. The Los Angeles-based movie house chain filed for Chapter 11 bankruptcy after ticket ...

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  • 08 Mar
  • The Real Deal
  • Uncategorized
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Veteran LA office tenant rep Tony Morales leaves JLL

L.A. office dealmaker Tony Morales, where are you? The veteran senior managing director of JLL’s Los Angeles office has left the firm — and has disappeared, according to CoStar News.  Morales had worked with JLL for nearly 16 years, ...

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  • 07 Mar
  • The Real Deal
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LA’s infamous Cecil Hotel goes up for sale

The Cecil Hotel — the infamous Los Angeles site of mysterious deaths and a Netflix true crime documentary — is now up for sale. New York firm Simon Baron Development is selling the ground lease for the 15-story building, located at 640 ...

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  • 07 Mar
  • The Real Deal
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Sales rise for super luxury homes in Orange County

Sales of luxury homes in Orange County ticked up last year, despite a lack of blockbuster deals. The county’s top 25 home sales rose 1.3 percent to a combined $624.7 million last year, from $616.5 million in 2022 , the Orange County ...

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  • 07 Mar
  • The Real Deal
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Shashikant Jogani owns $3B in LA apartments — plus thousands elsewhere 

Last week, Shashikant Jogani won a payout of $1.8 billion.  He also scored a 50 percent stake in a 17,000-unit apartment portfolio, sprawled across Los Angeles’ San Fernando Valley, after a jury divided up stakes in family holdings. ...

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  • 06 Mar
  • The Real Deal
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Travis VanderZanden sells Bel-Air estate at $11M loss 

Travis VanderZanden has driven his scooter into the gutter, having sold his hilltop Bel-Air estate at a $10.9 million loss. The founder and former CEO of Bird, the Santa Monica-based scooter-sharing firm, sold the 10,000-square-foot ...

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  • 06 Mar
  • The Real Deal
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Coldwell’s Jamie Duran jumps to Aaron Kirman’s team at Christie’s 

Jamie Duran, Coldwell Banker’s former Southern California lead, has joined Christie’s International Real Estate and will help open seven offices for the brokerage across Southern California over the next six months, Christie’s ...

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  • 05 Mar
  • The Real Deal
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Ellen DeGeneres sells redesigned Roman villa in Montecito for $32M

Billionaire mining mogul Robert Friedland has bagged a second Santa Barbara-area estate, for $32 million. Five months after the founder of Vancouver-based Ivanhoe Mines paid $46.9 million for a 2-acre bluffside estate in Carpinteria, ...

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  • 05 Mar
  • The Real Deal
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Court looks to green light builder’s remedy project in La Cañada Flintridge

Builder’s remedy is inching towards its first legal win.  Mitchell Beckloff, a Los Angeles Superior Court judge, issued a preliminary ruling on Friday in a case involving a project in La Cañada Flintridge, suggesting the court is ...

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  • 04 Mar
  • The Real Deal
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Neil Shekhter loses three more Santa Monica apartment buildings

Neil Shekhter has lost three more apartment properties, this time to foreclosure.  Bank of Southern California foreclosed on 1007 Lincoln Boulevard, 1038 10th Street and 1516 Stanford Street, according to a trustee’s deed filed last ...

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  • 04 Mar
  • The Real Deal
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