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Month: June 2026

Kingsbarn and Kelemen swapping offices for 480 homes in Laguna Hills

Kingsbarn Realty Capital & Development and the Kelemen Company are poised to bulldoze seven vacant office buildings in Laguna Hills to build nearly 500 homes. The respective Las Vegas- and Irvine-based developers announced ...

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  • 23 Jun
  • The Real Deal
  • Uncategorized
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Corona del Mar home with harbor views trades for $18M

A home in Corona del Mar with views of Newport Harbor that was listed two years ago for $32.9 million has traded for just over half that price at $17.8 million. After months of negotiations, the nearly 6,800-square-foot house was sold ...

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  • 23 Jun
  • The Real Deal
  • Uncategorized
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Seaside $19M Trump National estate in Rancho Palos Verdes tops LA County’s luxury contracts

An Italian Renaissance villa in Rancho Palos Verdes’ Trump-branded community crowned the list of luxury residential contracts signed in Los Angeles County last week. The 10,987-square-foot manse at 32040 Cape Point Drive in The Estates ...

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  • 22 Jun
  • The Real Deal
  • Uncategorized
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Startups fuel coworking surge across Los Angeles

Coworking offices are booming across Los Angeles. The Los Angeles region added 1.4 million square feet of coworking offices last year, 16 percent more than in 2024, L.A. Business First reported, citing a study by WeWork. The jump in ...

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  • 22 Jun
  • The Real Deal
  • Uncategorized
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Metlife requests receiver on Rockpoint’s Miracle Mile office tower, alleging default

Metlife wants Rockpoint to cede control of a Miracle Mile office tower. In a complaint dated early June, the lender claims the owner is in default on a roughly $164 million loan.  Metlife alleges Rockpoint, a Boston-based private ...

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  • 22 Jun
  • The Real Deal
  • Uncategorized
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Netflix paying $400M for foreclosed LA studios amid shift to property ownership

Netflix is set to drop nearly $400 million on a century-old Los Angeles movie studio that was seized by banks in a foreclosure. The Studio City lot last traded five years ago for $1.85 billion. The Los Gatos-based media and streaming ...

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  • 22 Jun
  • The Real Deal
  • Uncategorized
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Star-studded homes hit the market in Montecito and Pasadena

There was celebrity buzz this week in Southern California residential real estate.  A home in Montecito — which Meg Ryan flipped — reentered the market asking just shy of $20 million. The “When Harry Met Sally…” star purchased the ...

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  • 21 Jun
  • The Real Deal
  • Uncategorized
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Michael Hackman takes the stage at WeHo conference

Is Michael Hackman a phoenix who will rise from the ashes? He seems to think so.  “We have a couple deals that we just made mistakes on, and we’re going to lose a lot of money on those properties, but that happens. We’ve accepted it, ...

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  • 20 Jun
  • The Real Deal
  • Uncategorized
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Pulte plots industrial-to-housing conversion in Fremont

Pulte Homes is moving forward with more housing in Fremont.  The PulteGroup home building subsidiary is planning to build 140 condominiums, including 21 affordable units, on a former industrial and storage site at 45846 Warm Springs ...

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  • 18 Jun
  • The Real Deal
  • Uncategorized
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Developer eyes vacant Long Beach gas station for 82 apartments

An abandoned gas station in downtown Long Beach is poised to give way to multifamily housing.  New Century Development filed an application with the City of Long Beach to demolish the vacant service station at 402 Atlantic Avenue and ...

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  • 18 Jun
  • The Real Deal
  • Uncategorized
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  • Recent Posts

    • Ex-Laker now ex-Angeleno: Anthony Davis sells Bel Air manse for $32M July 9, 2026
    • LA County supervisors vote to give affordable housing groups edge on multifamily sales July 9, 2026
    • Beverly Hills duplexes to become multifamily housing under new plan July 9, 2026
    • Proposed Oceanwide buyer challenges city’s concerns on financing, development plan July 8, 2026
    • Orange commercial landlords face fines on vacant storefronts July 8, 2026
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