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Month: November 2024

Chateau Group allegedly defaults on 233-key hotel in Arcadia

Developer Chateau Group has allegedly defaulted on the 233-key Le Meridien Pasadena Arcadia hotel, The Real Deal has learned. The Arcadia-based company fell behind on nearly $2.1 million in debt tied to the hotel, located at 130 West ...

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  • 06 Nov
  • The Real Deal
  • Uncategorized
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Money for LA market’s luxury home contracts jumps to $140M

The asking dollar volume of luxury homes under contract in L.A. County perked up last week, reversing a previous trend of three consecutive weekly declines. The number of signed contracts held about steady with previous weeks, coming ...

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  • 05 Nov
  • The Real Deal
  • Uncategorized
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Curbside sale at Chino Hills mall highlights niche retail market

The curb-fronting sections of a Chino Hills shopping center sold for $34.2 million in a trade underscoring a small but growing segment of the retail market.   The roughly 77,000 square feet of shops nearest to the street at the ...

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  • 05 Nov
  • The Real Deal
  • Uncategorized
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Fisch unveils 13-story builder’s remedy project in Beverly Hills

Fisch Properties has unveiled the look of a 13-story apartment building seeking builder’s remedy approval in Beverly Hills. The locally based developer led by Bill Fisch filed plans this spring for the 75-unit complex at 9441 West ...

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  • 05 Nov
  • The Real Deal
  • Uncategorized
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Jamison defaults on $87M loan for Equitable Plaza in Koreatown

Koreatown’s biggest office landlord is facing foreclosure at Equitable Plaza. David Lee’s Jamison Properties defaulted on a $86.5 million commercial mortgage-backed securities loan tied to the 34-story office tower at 3435 Wilshire ...

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  • 05 Nov
  • The Real Deal
  • Uncategorized
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UCLA Health pays $55M for sports medicine site in South Bay

UCLA has continued its L.A. expansion by buying a 168,400-square-foot office building in the South Bay for $55 million. The Westwood-based University of California campus picked up 52Ten, a two-story building at  5210 Pacific Concourse ...

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  • 04 Nov
  • The Real Deal
  • Uncategorized
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Westside houses account for nearly half of LA’s “mansion tax” sales

Measure ULA, better known as L.A.s mansion tax, was supposed to generate up to $1.1 billion a year for the city. In 18 months, it has brought in less than half that amount, mostly from West L.A. The voter-approved real estate transfer ...

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  • 04 Nov
  • The Real Deal
  • Uncategorized
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California’s move-ins from other states tumble to historic lows

California here I come — or maybe not. The number of residents moving into the Golden State has tumbled to historic lows, with an inflow of 422,075 people last year amounting to 1.09 percent of its population, the lowest “attraction ...

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  • 04 Nov
  • The Real Deal
  • Uncategorized
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Big industry campaign donors give lopsided edge to Harris 

The advantage Vice president Kamala Harris enjoys generally in deep blue California also holds up when it comes to the real estate industry. Industry executives account for nine of top 100 donors to various third-party political action ...

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  • 01 Nov
  • The Real Deal
  • Uncategorized
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Jamison and Arc Capital to convert Koreatown offices into homes

For Jamison Services, 10 may be the magic number for Los Angeles office-to-home conversions, with its latest project set for Koreatown. The Koreatown-based developer and Downtown-based Arc Capital Partners announced plans to turn a ...

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  • 01 Nov
  • The Real Deal
  • Uncategorized
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