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Month: September 2025

Rick Caruso’s old house notches priciest sale in US at $48M

A Beverly Hills estate once owned by Los Angeles developer and former mayoral candidate Rick Caruso was the most-expensive home sale in the country last month.  Caruso’s former home, at 912 Benedict Canyon Drive, sold for $47.5 ...

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  • 30 Sep
  • The Real Deal
  • Uncategorized
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Surf’s up in Toba Capital’s $54M El Segundo land buy

A planned office and retail development next to the Los Angeles Chargers’ new headquarters is instead going to become a wet and wild hotspot for surfers.  An affiliate of billionaire Vinny Smith’s Toba Capital spent $54 million for a ...

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  • 30 Sep
  • The Real Deal
  • Uncategorized
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Hines takes off with Runway Playa Vista in $428M trade

Hines is adding to its collection in Los Angeles’ Westside.  Hines Global Income Trust bought the Runway mixed-use property in Playa Vista for $428 million, L.A. Business First reported. The seller was Invesco Real Estate, which last ...

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  • 30 Sep
  • The Real Deal
  • Uncategorized
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Freehand downtown hotel defaults on $71M as hospitality storm clouds gather

The owner of a trendy hotel-meets-hostel downtown defaulted on its debt to the tune of $71 million and faces foreclosure.  The borrower, a company connected to Generator Hostels, failed to make payments to lender Trimont on a loan tied ...

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  • 30 Sep
  • The Real Deal
  • Uncategorized
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Mulholland home asking $22M tops deals as luxury finds footing

A Mulholland Estates home asking nearly $22 million was last week’s top home to go into contract as Los Angeles County tightens its grip on deal flow. That’s the word from Douglas Elliman’s Eklund Gomes team’s Eklund Weekly Luxury ...

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  • 30 Sep
  • The Real Deal
  • Uncategorized
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LA mansions selling at discount prices despite celeb connections

Some of the biggest mansions in and around Los Angeles haven’t been fetching anywhere near their original listing prices, despite former ownership by some big-name celebrities.  This month alone, homes once owned by Milwaukee Brewers ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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Relevant’s Dream Hollywood hotel headed to foreclosure 

A lender aims to foreclose on Grant King’s Dream Hollywood hotel. A UCC foreclosure auction is scheduled for mid-October, according to a notice reviewed by The Real Deal. The LCP Group is seeking to foreclose on the equity interests in ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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SoCal real estate job market tumbles amid high interest rates

The job market for real estate and construction-related fields is contracting in Southern California.  Employers across real estate services, lending, construction, building supplies and building services tracked 714,900 workers in Los ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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Los Angeles Sparks join NFL, NBA teams in El Segundo

The Los Angeles Sparks are moving to El Segundo.  The three-time WNBA champions plan to build a 55,000-square-foot practice facility and headquarters at Continental Development’s Continental Park complex in the seaside city, Commercial ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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Focus on TRDData: Priciest Beverly Hills single-family sale

Beverly Hills’ top single-family sale last quarter was 1028 Ridgedale Drive, which Australian billionaire James Packer sold for $59.6 million in April, according to Los Angeles County tax assessor records. This is the latest ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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