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Month: March 2024

Top penthouse at Beverly West in Westwood lists for $29M

The top-floor penthouse at the 22-story Beverly West in Westwood has listed for $28.9 million — $11 million less than it was priced two years ago. The 8,000-square-foot condo tower penthouse was put up for sale at 1200 Club View Drive, ...

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  • 04 Mar
  • The Real Deal
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Housing Diversity creates complex capital stack for LA “micro apartments”

Housing Diversity has secured a $34.9 million loan for a nearly completed, 227-unit “micro apartment” complex in Downtown Los Angeles. The Seattle-based developer landed the loan to complete the eight-story Liv DTLA at 1411 South ...

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  • 04 Mar
  • The Real Deal
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Southern California home sales rise after two-year slump

Southern California has slammed the brakes on falling home sales. After 25 straight months of declining year-over-year sales, home sales rose 7 percent in January to 10,581 deals, the Orange County Register reported, citing figures ...

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  • 04 Mar
  • The Real Deal
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OC homes of AB Capital owners raided by FBI in alleged scam inquiry

FBI agents swooped into the homes of two AB Capital executives in Newport Beach and Laguna Beach to find evidence of an alleged Ponzi scheme that cost investors tens of millions of dollars. Armed with search warrants, the federal ...

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  • 03 Mar
  • The Real Deal
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Why Joshua Tree’s $18M house remains “invisible” to buyers

The Joshua Tree property, which looks like a horizontal reflective skyscraper resting in the desert, was listed for $18 million last year — making it the most expensive house ever built in Joshua Tree, a bit over two hours east of Los ...

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  • 03 Mar
  • The Real Deal
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Homebuilding shrinks in California, but not as fast as the U.S.

Homebuilding permits across the Golden State fell last year, but not as fast as across the U.S. California developers filed permits for 111,221 homes last year, 6 percent fewer than in 2022, the Orange County Register reported, citing ...

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  • 03 Mar
  • The Real Deal
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Digital billboard will wrap around West Hollywood office building

The riddle wrapped in a mystery could well describe a billboard under construction in West Hollywood — with an enigmatic office building tucked inside. United El Segundo, a holding company led by Ronald Appel based in Cheviot Hills, is ...

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  • 02 Mar
  • The Real Deal
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Jury tells Jogani brother to hand over $2.6B plus portfolio stake

Hand over $2.6 billion in cash, and stakes in more than 17,000 apartments across the San Fernando Valley, a jury told Haresh Jogani earlier this week, ending a 20-year legal saga involving the portfolio’s ownership.  The Jogani family ...

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  • 02 Mar
  • The Real Deal
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Bird Streets home’s $24M sale ranks in top deals for city of LA this year

A Paul McClean-designed Bird Streets mansion has sold for $23.7 million, marking one of the priciest deals in the city of Los Angeles so far this year.  The 10,500-square-foot estate, located at 1432 Tanager Way, was built by luxury ...

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  • 02 Mar
  • The Real Deal
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Rick Hilton’s startup brokerage officially opens in Beverly Hills

Beverly Hills has added a new luxury real estate brokerage with two pedigreed names: Hilton Hilton. The new brokerage house led by Barron, Tessa and patriarch Rick Hilton officially launched this month with the aim of bridging the gap ...

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  • 02 Mar
  • The Real Deal
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