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Month: June 2024

Oakley founder sells Malibu estate for $210M, a state record

Eyeglasses mogul James Jannard has sold his 9.5-acre beachfront estate in west Malibu for an eye-popping $210 million, shattering the state home sale record. The founder of Oakley sold the 15,400-square-foot mansion overlooking 300 ...

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  • 23 Jun
  • The Real Deal
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NBA stars make triple affordable apartment play in LA’s Echo Park

Terry and Tobias Harris of Visionary Development Group want to build three affordable housing projects with a combined 270 apartments in Echo Park. The brothers, former or current basketball players in the NBA, have filed plans to ...

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  • 23 Jun
  • The Real Deal
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Gortikov Capital lands $50M refi for Brentwood apartment complex

Gortikov Capital has landed a nearly $50 million loan for an apartment building in Brentwood after losing half its portfolio last year. The Santa Monica-based firm run by Bryan Gortikov secured a $49.5 million floating-rate senior ...

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  • 23 Jun
  • The Real Deal
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WS Communities lands $50M refi for Brentwood apartment complex

WS Communities has landed a nearly $50 million loan for an apartment building in Brentwood after losing half its portfolio last year. The Santa Monica-based development firm led by Neil Shekhter secured a $49.5 million floating-rate ...

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  • 22 Jun
  • The Real Deal
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Ballot measure to overturn ULA struck down by California Supreme Court

One of the industry’s key hopes to overturn Measure ULA is dead.  The California Supreme Court blocked the Taxpayer Protection and Government Accountability Act from heading to the November ballot, according to a ruling on Thursday. ...

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  • 22 Jun
  • The Real Deal
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Should a buyer finish LA’s Oceanwide Plaza or demolish it?

Can the three abandoned towers slathered with graffiti in Downtown Los Angeles avoid the wrecking ball? That’s what prospective bidders for the 1.4 million-square-foot Oceanwide Plaza will ask this fall during a scheduled auction for ...

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  • 22 Jun
  • The Real Deal
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Anaheim Ducks owners buy industrial property in Anaheim for $65M

The owners of the Anaheim Ducks have bought a 12­-acre site approved for hundreds of homes, shops and offices next to Angel Stadium in Anaheim for $64.5 million. An unidentified affiliate of Henry and Susan Samueli, owners of the NHL ...

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  • 22 Jun
  • The Real Deal
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Trammell Crow buys Northridge plot entitled for 350 apartments

Trammell Crow Company has closed on a site within the Northridge Fashion Center mall to build 350 apartments — and doesn’t even have to go through the entitlement process.  The firm bought a roughly 5-acre site at 9450 Shirley Avenue, ...

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  • 22 Jun
  • The Real Deal
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Keeping up with Coldwell Banker’s Jade Mills

“This is what my children call me ‘kidnapping them,’” Jade Mills tells the passenger beside her as she backs out of the driveway at her Trousdale Estates home.   The joke stems from the days when her kids tagged along with her to work. ...

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  • 22 Jun
  • The Real Deal
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Signed contracts slip for LA County luxury residential sales

Los Angeles County’s luxury homes market stumbled last week with buyers hitting pause on signed contracts.   That’s the recap from Eklund-Gomes’ signed contracts report for June 10 to June 16. The weekly roundup culls data from the ...

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  • 20 Jun
  • The Real Deal
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