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Month: August 2024

Beverly Hills home with art gallery hits market at $20M

A home in Beverly Hills is on the market for $20 million, an asking price that includes an art gallery and a year of complimentary concierge art service. The unidentified owner has listed the 7,900-square-foot home and gallery at 1136 ...

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  • 05 Aug
  • The Real Deal
  • Uncategorized
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Barbie to move into El Segundo office with $59M Mattel buy

More than six months after foreclosing an office building in El Segundo, insurer New York Life Insurance has sold the property to Mattel, adding to the toy maker’s footprint in the South Bay city.  Mattel bought the 168,000-square-foot ...

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  • 05 Aug
  • The Real Deal
  • Uncategorized
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Inland Empire leads US in large industrial leases

It’s news but not a big surprise: The Inland Empire claimed the biggest share of top 100 industrial leases nationwide in the first half of the year. A couple of years have elapsed since the inland market — which covers both Riverside ...

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  • 05 Aug
  • The Real Deal
  • Uncategorized
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FivePoint sells Great Park land in Irvine for $900K per homesite

Prices for prime residential land continue an upward trend in central Orange County, approaching $8 million per acre at one of the market’s key master-planned developments. The price update came in the latest quarterly earnings call of ...

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  • 02 Aug
  • The Real Deal
  • Uncategorized
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Macerich sells Biltmore Fashion Park in Phoenix to Red Development

Legacy Southern California mall developer and investor Macerich Company might still be working out details of a refinance of a Victor Valley property and something more complicated at the Santa Monica Place, but it’s definitely out of ...

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  • 02 Aug
  • The Real Deal
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OC’s River Street Marketplace delays opening — again

It’s good the Capistrano swallows don’t shift their schedule as much as the developers of River Street Marketplace. The 60,000-square-foot retail hub and food hall — situated just down the street from the San Juan Capistrano Mission ...

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  • 02 Aug
  • The Real Deal
  • Uncategorized
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The Agency’s Rainy Hake Austin talks trends in LA luxury market

Rainy Hake Austin is approaching the four-year mark The Agency. As president of one of Los Angeles’ largest brokerages, the executive stepped into her role at the height of the pandemic after heading up West Coast operations for ...

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  • 02 Aug
  • The Real Deal
  • Uncategorized
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Water shortage looms for future California development

Developers in California might want to pencil out some new long-term projections based on the state’s latest outlook for water supplies. A recent report by the California Department of Water Resources — which oversees the various ...

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  • 01 Aug
  • The Real Deal
  • Uncategorized
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County could pay $215M for Gas Company Tower in Downtown LA

Put the County of Los Angeles on the list of bottom-feeders in the Downtown office market. The county has struck a deal to pay $215 million for the Gas Company Tower at 5th Street and Grand Avenue, at the foot of Bunker Hill, the Los ...

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  • 01 Aug
  • The Real Deal
  • Uncategorized
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Macerich near to close on $115M refi for High Desert mall

Macerich is nearing completion on a refinance of its property in California’s High Desert as the mall owner works on a plan aimed at slashing $2 billion in debt. The Santa Monica-based real estate investment trust said Wednesday it’s ...

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  • 01 Aug
  • The Real Deal
  • Uncategorized
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