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Month: March 2025

LA apartment rent hikes double national average in wake of wildfires

Landlords in Los Angeles and Orange counties have jacked up rents at more than twice the national rate since a firestorm early this year torched more than 12,000 homes. Rents in January and February rose 0.7 percent across the region — ...

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  • 14 Mar
  • The Real Deal
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Lack of land leads OC home builders to 23% dip

Top developers in Orange County are selling fewer homes, with deals plunging in the double digits because of fewer places to build. The top 13 builders in the county last year sold a combined 2,253 attached and detached homes, down 23 ...

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  • 13 Mar
  • The Real Deal
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Lender nabs 83K sf K-town retail center in half-off sale 

A lender has purchased an 83,000-square-foot Koreatown shopping center at a bankruptcy auction after landlord Jake Sharp Capital defaulted on a $52.5 million mortgage loan. The lender, an affiliate of Seattle-based Columbia Pacific ...

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  • 13 Mar
  • The Real Deal
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La Cañada Flintridge ditches appeal to builder’s remedy project 

The first to retreat was Beverly Hills, which laid down its arms in the battle against the state builder’s remedy.  And now La Cañada Flintridge, which threw in the towel after a two-year fight. The La Cañada Flintridge City Council ...

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  • 13 Mar
  • The Real Deal
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Survey suggests swap: more urban density for restrictions on wildfire zones

Los Angeles County voters favor building dense apartments in urban areas in exchange for allowing fewer homes in fire-prone areas. To compensate for restricting homebuilding in fire-prone communities, county voters backed greater ...

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  • 12 Mar
  • The Real Deal
  • Uncategorized
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Condos lead LA luxe resi out of slump

Contract activity in Los Angeles County staged a comeback, with the condominium market last week leading the way out of a sluggish period. “This week’s report is all about condos, with our return to normal volumes being bolstered by ...

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  • 12 Mar
  • The Real Deal
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Jamison scores $50M refi for Koreatown apartment complex

Jamison Services has landed a $50 million loan to refinance a 157-unit apartment building in Koreatown. The unit of locally based Jamison Realty led by Jaime Lee secured the refinancing for The Roya, the six-story complex that opened ...

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  • 12 Mar
  • The Real Deal
  • Uncategorized
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Floodgates open on lot sales in LA burn zones

The owners of scores of torched homes from Altadena to the Pacific Palisades are cashing out. A forecast landslide of listings related to the January firestorms that burned more than 12,000 homes in Los Angeles County has picked up ...

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  • 12 Mar
  • The Real Deal
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Benedict Canyon site once set for Bulgari hotel hits market for $175M

A megalisting priced at $175 million has hit the market in what’s been a drawn-out saga for a piece of Benedict Canyon once slated for a Bulgari-branded hotel. The 15-parcel listing includes the 9712 West Oak Pass Road address among ...

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  • 11 Mar
  • The Real Deal
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Newport Beach apartment complex to expand at a cost of $800K per unit

The owners of a Newport Beach apartment complex by the Back Bay want to expand it by 366 units — at $800,000 a pop. Dallas-based Park Newport LP has filed plans to expand its Park Newport Apartments at 1 Park Newport, the Orange County ...

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  • 11 Mar
  • The Real Deal
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  • Recent Posts

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