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Month: February 2025

Cushman hires CRE association head to lead Southwest

Cushman & Wakefield has snagged the head of an office and industrial brokers group to lead its Southwest office, based in Los Angeles. The Chicago-based brokerage hired Robert Thornburgh to head up the office in charge of  ...

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  • 14 Feb
  • The Real Deal
  • Uncategorized
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YIMBYs look to force LA upzoning in new suit

Two housing groups, including one backed by the California Association of Realtors, aims to force upzoning with a lawsuit against the city of Los Angeles.   Yes In My Backyard Law, the legal division of the non-profit YIMBY Action, and ...

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  • 14 Feb
  • The Real Deal
  • Uncategorized
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Beverly Hills Flats home turns quick trade for $20M

A Beverly Hills Flats home didn’t have to wait long to find a buyer. A trust tied to business-manager-to-the-stars Michael Karlin and accountant Marc Sniderman sold the mansion at 622 North Elm Drive in less than a month on the market ...

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  • 14 Feb
  • The Real Deal
  • Uncategorized
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Four Seasons penthouse with $75M ask sells for $15M

A mystery buyer walked away with a deal on the penthouse at the Four Seasons Private Residences Los Angeles, paying a fifth of the original $75 million listing price.  The unit at 9000 West 3rd Street in Los Angeles’ Beverly Grove ...

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  • 14 Feb
  • The Real Deal
  • Uncategorized
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LA to revisit wildfire eviction protections

The City of Los Angeles may amp up tenant protections after last month’s wildfires swamped the rental market, leading to rent hikes and evictions. The City Council will consider a proposal today, Feb. 14, to  pause evictions for ...

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  • 14 Feb
  • The Real Deal
  • Uncategorized
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Joann to shutter 500-plus US stores, 31 in SoCal

Joann is packing up its yarns and paintbrushes at more than 500 stores across the U.S., including 31 stores slated to close across Southern California. The struggling crafts retailer based in Ohio announced plans to close hundreds of ...

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  • 14 Feb
  • The Real Deal
  • Uncategorized
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In-N-Out headquarters: In at Baldwin Park, out in Irvine

In-N-Out is heading home. California’s most famous burger joint, based in Irvine, will move its headquarters back to Baldwin Park, where its founders opened their first drive-through restaurant in 1948, the Los Angeles Times reported. ...

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  • 13 Feb
  • The Real Deal
  • Uncategorized
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Rockpoint selling City of Industry warehouse for $96M

Boston-based real estate private equity firm Rockpoint is selling the planned site of a 213,500-square-foot warehouse complex in the City of Industry for $96.1 million, more than double what it paid for the asset less than two years ...

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  • 13 Feb
  • The Real Deal
  • Uncategorized
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Bird Streets manse swoops in with $73M ask

A contemporary spec home has hit the Bird Streets for $72.5 million, marking one of the most expensive listings currently on the market in Los Angeles.  The Paul McClean-designed mansion at 9006 Thrasher Avenue comes in at ninth among ...

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  • 13 Feb
  • The Real Deal
  • Uncategorized
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Shopoff snags $61M loan for homes, hotel in Huntington Beach

Shopoff Realty Investments has scored a $60.9 million loan to build 250 homes and a 215-room boutique hotel atop a former oil tank farm in Huntington Beach. The Irvine-based developer led by Bill Shopoff secured the senior mortgage ...

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  • 13 Feb
  • The Real Deal
  • Uncategorized
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