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Month: September 2025

Measure ULA drives developers out of LA

“The math ain’t mathing,” said Chris Tourtellote, managing director at Marina Del Rey-based LaTerra Development, on developing new apartment buildings in the City of Los Angeles. That sums up the seeming political impetus for a state ...

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  • 12 Sep
  • The Real Deal
  • Uncategorized
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Garbage back at “Trash House” after city-led cleanup

Los Angeles’ infamous “Trash House,” previously freed of debris and detritus, is once again covered in garbage.  A year after residents in the Fairfax District complained about piles of trash at a home on Martel Avenue, it has once ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Lakers’ Luka Dončić Snaps Up Manhattan Beach home of Maria Sharapova for $25M

Manhattan Beach got some star power to go along with its most expensive home sale ever, as Los Angeles Lakers point guard Luka Dončić dropped $25 million for tennis star Maria Sharapova’s former pad. The home in the city’s Hill Section ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Q&A: La Cañada Flintridge a poster child for builder’s remedy

La Cañada Flintridge, in the foothills of the San Gabriel Valley’s Verdugo Mountains, is home to NASA’s Jet Propulsion Laboratory and Descanso Gardens. It also contains the 1.3-acre site of a battle over housing that’s become a case ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Development site next to LA Live lists for $100M

The sky is the limit for a 2.3-acre open patch of the downtown Los Angeles entertainment district. That is provided someone buys the billing behind the $100 million listing that just hit the market, The Real Deal has learned. The ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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State pols seek change to cut Measure ULA for multifamily 

California legislators are looking to stop some of the bleeding brought on by Measure ULA, or the so-called “mansion tax” in the City of Los Angeles. On Tuesday, lawmakers released a bill that seeks to cut tax rates for some newly ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Intercontinental breaks into self-storage sector with $27M Santa Clarita purchase

Intercontinental Real Estate Corporation is breaking into a new market sector.  The Boston-based real estate investment firm, in a joint venture with Marina del Rey-based LaTerra Development, acquired EZ Access Self Storage in Santa ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Long Beach warehouse lists for $88M amid lull on tariff tumult

A publicly traded real estate investment trust is taking the pause in the tumult over tariffs as an opportunity to unload a decades-old asset in Long Beach  EastGroup Properties is asking $87.6 million for the 261,500 square-foot ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Koreatown parking-to-ADU conversion sparks tenant protests 

Tenants in a Koreatown apartment building have staged a protest after the landlord proposed replacing parking garage spaces with accessory dwelling units.  Residents of the 22-unit building at 501 South Kingsley Drive are standing up ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Inland California beats coastal markets in attracting investor homebuyers

Coastal California might be one of the country’s most desirable locations to buy a home, but investors in the Golden State are fleeing inland in search of deals.  From the beginning of 2024 through this June, seven of California’s 10 ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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