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Month: November 2024

Beverly West penthouse sells for $24M in LA’s priciest condo trade

Signs of life in Los Angeles’ luxury condo market materialized in a big way with a record deal at Beverly West. The top-floor penthouse in the luxury high-rise next to the Los Angeles Country Club closed on Tuesday for $23.5 million, ...

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  • 27 Nov
  • The Real Deal
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Surfer Joel Cooper lists Bali-inspired estate in Laguna Beach for $23M

The CEO of Irvine-based Lost International and co-founder of Gotcha surfwear put the 6,400-square-foot home up for sale at 125 Irvine Cove Court, in gated Irvine Cove, the Orange County Register reported. The six-bedroom, ...

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  • 27 Nov
  • The Real Deal
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Venice “beautifier” to replace DMV in Pacoima with apartments

Kevin Brunk, the “unofficial beautifier” of Venice, has moved forward with plans to replace a defunct DMV in Pacoima with 246 apartments atop a grocery store. The head of Marina del Rey-based 118 LP was approved by the Los Angeles City ...

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  • 27 Nov
  • The Real Deal
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Dunbar picks up five-building office park in Riverside for $19M

Dunbar Real Estate Investment Management has bought a 138,700-square-foot business park in the Inland Empire for $19 million. The El Segundo-based investor bought the Summit Business Center at 2002-2038 Iowa Avenue, in Riverside, L.A. ...

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  • 27 Nov
  • The Real Deal
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Beverly Hills leads LA luxe contracts out of election doldrums

Beverly Hills led Los Angeles County’s luxury deal pick-up last week ahead of the Thanksgiving holiday and after the Election Day slowdown. Homes under contract jumped to 23 for the seven-day period ended Nov. 24 with total asking ...

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  • 27 Nov
  • The Real Deal
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Canyon Creative signs lease for adjacent buildings in Hollywood

Canyon Creative Design has leased two side-by-side office buildings with more than 14,000 square feet in Hollywood. The Studio City-based interior design firm rented the offices at 6165 and 6121 Santa Monica Boulevard, L.A. Business ...

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  • 27 Nov
  • The Real Deal
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Family mourns prominent LA landlord Neil Shekhter

Neil Shekhter, a prominent Los Angeles landlord who founded WS Communities and NMS Properties, died on Saturday, Nov. 23, according to a statement from his family.  “Neil filled our lives and the lives of everyone around him with love, ...

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  • 26 Nov
  • The Real Deal
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Hardage Hospitality lands $89M refi for Marina del Rey hotel

Hardage Hospitality has secured $88.5 million to refinance a 288-room waterfront hotel with dual Marriott brands in Marina del Rey. The San Diego-based hotel developer secured the floating-rate loan to refinance a maturing mortgage ...

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  • 26 Nov
  • The Real Deal
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Anderson signs lease renewal for Fat Brands’ Beverly Hills headquarters

Fat Brands has inked a lease renewal for its 15,400-square-foot headquarters in Beverly Hills. The firm, which owns such brands as Fatburger, Round Table Pizza, Marble Slab Creamery and Johnny Rockets, agreed to stay at 9720 Wilshire ...

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  • 26 Nov
  • The Real Deal
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Hilco and Pintar scramble to raise cash for $177M bid on Ziggurat in OC 

Hilco Development Services and Pintar Investment bought a 1 million-square-foot government surplus building known as the Ziggurat in Laguna Niguel last month for $177 million. Now all they have to do is come up with the money to match ...

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  • 26 Nov
  • The Real Deal
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