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Month: August 2024

Black group says racism sank its $115M bid for Crenshaw Mall

Downtown Crenshaw Rising, a South Los Angeles group, has filed a lawsuit over its failed $115 million bid for the Baldwin Hills Crenshaw Plaza in 2021, claiming that Deutsche Bank arm DWS Group “demonstrated a preference” for White ...

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  • 30 Aug
  • The Real Deal
  • Uncategorized
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Joint venture lands $115M loan to buy “Back to the Future” mall 

RCB Equities and Real Estate Development Associates have secured a $115 million loan to buy the struggling Puente Hills Mall in City of Industry in a redevelopment play. The Mid-Wilshire- and Newport Beach-based investors landed the ...

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  • 30 Aug
  • The Real Deal
  • Uncategorized
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Lendlease project in Baldwin Hills scores $316M loan

Lendlease and Aware Super have snagged $316 million in construction financing for a mixed-use project containing 260 luxury apartments in Baldwin Hills. The Australia-based developer and pension fund secured the loan for Habitat, a ...

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  • 30 Aug
  • The Real Deal
  • Uncategorized
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SHB proposes eight-story affordable complex in North Hollywood

SHB wants to build a 298-unit affordable housing complex in North Hollywood. The locally based developer led by Stephen Shishikyan has filed plans to build the eight-story apartment building at 12001 Victory Boulevard, Urbanize Los ...

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  • 30 Aug
  • The Real Deal
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Grant for $120M will fund anchor tenant at UCLA Research Park

Philanthropist Dr. Gary Michelson has pledged $120 million to found a medical institute, the anchor tenant at a UCLA research campus carved from the former Westside Pavilion in West L.A. The billionaire surgeon-inventor and his wife, ...

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  • 29 Aug
  • The Real Deal
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Altman Brothers Team looks to replicate LA business in OC

Josh Altman is beyond bullish on Orange County. The co-founder of Douglas Elliman’s The Altman Brothers Team sees big potential nearly 60 miles south of where he and his brother opened their first standalone office on Robertson ...

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  • 29 Aug
  • The Real Deal
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Voyant Beauty cuts deal with Rexford for Chatsworth warehouses 

Voyant Beauty has inked a deal for three industrial warehouses in Chatsworth. The Chicago-based cosmetics firm leased the buildings with a combined 180,000 square feet at the Rexford Mason Business Center at 9200-9250 Mason Avenue, the ...

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  • 29 Aug
  • The Real Deal
  • Uncategorized
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Silver Creek OK’d to redevelop Viper Room with WeHo highrise

Silver Creek Development has received a green light to redevelop the famous Viper Room nightclub in West Hollywood with an 11-story hotel and apartment highrise. The Scottsdale, Arizona-based developer led by Franck Ruimy was approved ...

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  • 28 Aug
  • The Real Deal
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GOP donor sells Back Bay estate in Newport Beach for $23M

A 3.5-acre equestrian estate overlooking the Back Bay in Newport Beach has sold for $22.85 million. Buck Johns, a major donor to the Republican Party, sold the 6,900-square-foot home at 2600 Mesa Drive, in Santa Ana Heights, the Orange ...

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  • 28 Aug
  • The Real Deal
  • Uncategorized
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Segerstrom gets nod for office-industrial redevelopment in Santa Ana

C.J. Segerstrom & Sons will tear down an aging office park in Santa Ana to build a 313,000-square-foot industrial campus. The Costa Mesa-based investor owned by the Segerstrom family was approved by the Santa Ana City Council to ...

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  • 28 Aug
  • The Real Deal
  • Uncategorized
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