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Month: August 2024

Capstone Equities eyes office-to-apartment conversion in Encino

Capstone Equities wants to turn a 75,000-square-foot office building in Encino into 117 affordable apartments. The New York-based private equity firm has proposed the office-to-home conversion at 5435-5445 Balboa Boulevard, Urbanize ...

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  • 26 Aug
  • The Real Deal
  • Uncategorized
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Crescent Heights beats appeal on highrise apartments in Koreatown

Crescent Heights has beat back an appeal trying to block its 34-story apartment highrise atop a historic retail building in Koreatown. The Miami-based developer was backed by the Los Angeles City Planning Commission, which denied the ...

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  • 26 Aug
  • The Real Deal
  • Uncategorized
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American Family Housing gets $29M for Costa Mesa motel conversion

American Family Housing has secured $29 million in state funds to convert a Costa Mesa motel into a 78-unit affordable housing complex for residents at risk of becoming homeless. The California Department of Housing and Community ...

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  • 26 Aug
  • The Real Deal
  • Uncategorized
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House-flip firm in escrow on Kanye West’s gutted Malibu digs

A crowdfunding firm that has flipped homes since 2018 said it’s in contract to buy Kanye West’s gutted Malibu home at a big discount. Belwood Investments, originally founded in Folsom, is in escrow on 24844 Malibu Road for $21 million, ...

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  • 22 Aug
  • The Real Deal
  • Uncategorized
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JPMorgan sells LA apartments at 25% discount to FPA Multifamily

JPMorgan Investment Management has sold an apartment complex in Los Angeles’ Little Tokyo for $86.1 million — 25 percent less than what the bank bought it for in 2020, The Real Deal has learned.  FPA Multifamily bought the 240-unit ...

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  • 22 Aug
  • The Real Deal
  • Uncategorized
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Beverly Hills’ 90210 reigns as LA market’s priciest ZIP

90210 has retained its place as the priciest ZIP code in greater Los Angeles. A typical home in the famous Beverly Hills ZIP was $5.5 million in March, No. 1 in the Los Angeles-Long Beach-Anaheim metropolitan area, L.A. Business First ...

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  • 22 Aug
  • The Real Deal
  • Uncategorized
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Carolwood Estates adds more agents to growing boutique roster

One of Los Angeles’ largest boutique brokerages continues to grow its ranks this year. Lisa Optican is the latest agent to join Carolwood Estates, taking on the title of estates director. She was previously with Douglas Elliman.   ...

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  • 22 Aug
  • The Real Deal
  • Uncategorized
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Trammell Crow plans 359-unit apartment complex in Arcadia

Trammell Crow Residential has taken aim at the San Gabriel Valley, where it wants to build a second apartment complex in Arcadia. The unit of Dallas-based Crow Holdings has filed plans to build the 359-unit building at 325 North Santa ...

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  • 22 Aug
  • The Real Deal
  • Uncategorized
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Onni Group sues Nexstar over failed $95M deal for LA Times site 

Onni Group wants its money back.  The Canadian real estate firm is suing Nexstar Media Group over a $95 million deal for a building in Downtown Los Angeles that fell apart, claiming the television network must return its $30 million ...

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  • 22 Aug
  • The Real Deal
  • Uncategorized
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Lawmakers kill bills to spur housing on the California coast

The California Coastal Commission remains a force to be reckoned with after state lawmakers killed bills meant to spur housing development along the state’s 840-mile coast. A series of bills pushed by Yes In My Backyard activists to ...

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  • 21 Aug
  • The Real Deal
  • Uncategorized
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