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Month: September 2024

Sun Hill advances plan for Hilton Universal City hotel expansion

Sun Hill Properties has moved forward with plans to build an 18-story addition to the Hilton Universal City hotel next to Universal Studios Hollywood. The Studio City-based investor run by hotelier Mark Davis was approved by the Los ...

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  • 16 Sep
  • The Real Deal
  • Uncategorized
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Reuben Brothers’ Century Plaza nabs first wellness center from Sam Nazarian, Tony Robbins

The diverse slate of amenities at the Reuben Brothers’ Century Plaza is coming into full view. A more than 12,500-square-foot lease for The Estate health and wellness center has been confirmed for the $2.5 billion mixed-use ...

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  • 16 Sep
  • The Real Deal
  • Uncategorized
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Rising Realty’s 1 Cal Plaza in DTLA enters special servicing

Rising Realty Partners has gone into special servicing for a $300 million loan linked to a 42-story office building in Downtown Los Angeles. The locally based investor went into special servicing for its One California Plaza tower at ...

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  • 16 Sep
  • The Real Deal
  • Uncategorized
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Hackman beats appeals for new $1.25B Television City in LA’s Fairfax

Hackman Capital Partners has beat back appeals to its $1.25 billion plan to redevelop Television City in Fairfax with more soundstages, offices and shops. The Culver City-based investor led by Michael Hackman was approved by the Los ...

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  • 16 Sep
  • The Real Deal
  • Uncategorized
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LA luxury agents sound off on NAR, Measure ULA

“Figuring it out.” That could become the theme of Los Angeles’ luxury residential market this year. Brokers said as much on Thursday, when some of the market’s top agents took the stage to talk about how they’re navigating current ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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Coupon mogul George Ruan sells Bel-Air estate for $140M

Online coupon mogul George Ruan has sold a 21,000-square-foot home in Bel-Air for $140 million, among the priciest deals in Los Angeles. The co-founder of the Downtown-based Honey traded the 1.15-acre hilltop estate at 10721 Stradella ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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Developers look to redefine “mixed use” for LA buyers

Los Angeles mixed-use projects are growing up. Some even have big ambitions to become the next city centers as they address evolving lifestyles.  That was the theme from a trio of experts on Thursday’s “Mixed Use is Coming to L.A.” ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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LA office market “scraping” bottom, bouncing back with new buyers

The value of Los Angeles offices collapsed after a pandemic shift to remote work, tumbling as much as 60 percent from their last sale. But like a bungee jumper from L.A.’s tallest skyscraper, prices have hit bottom and could begin to ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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SoCalGas to exit Gas Company Tower in LA for new digs on Bunker Hill

Southern California Gas has inked the largest Downtown Los Angeles office lease this year, and will move from its troubled namesake tower to a smaller office on Bunker Hill. SoCalGas has leased nearly 200,000 square feet on eight ...

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  • 12 Sep
  • The Real Deal
  • Uncategorized
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Court upholds conviction of developer in Huizar bribery scheme

The Chinese billionaire head of developer Shen Zhen New World I was on the lam when a federal appeals court upheld his company’s conviction for public corruption in Los Angeles. A three-judge panel of the U.S. 9th Circuit Court of ...

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  • 12 Sep
  • The Real Deal
  • Uncategorized
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