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Author: The Real Deal

Hankey finances bargain-bin hotel buy near SF’s Union Square

Los Angeles-based private lender Hankey Capital is backing a bargain-bin buy of a hotel near San Francisco’s Union Square. Hankey, headquartered in Hancock Park, provided an $8 million loan for an affiliate of San Diego-based Oceanic ...

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  • 03 Jul
  • The Real Deal
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Industry group flails as CEQA adjustments hit California builders unevenly

Small to midsize urban housing developers are the winners in California’s rollback of environmental protections this week. The pair of budget trailer bills that Gov. Gavin Newsom signed into law Monday night exempt housing projects up ...

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  • 03 Jul
  • The Real Deal
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Orange County office tower sells for discounted $19M

City Plaza, a 19-floor office building in Orange, has sold for quite the discount.  Surlamer Investments, a Newport Beach-based firm owned by Fariborz Maseeh, bought the office tower from TPG Capital for $18.5 million, the Orange ...

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  • 03 Jul
  • The Real Deal
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City to deploy $425M of “mansion tax” money in record spending plan

The Los Angeles City Council approved a plan to bolster affordable housing efforts and homelessness programs with “mansion tax” money.  The council gave the green light Tuesday to spend nearly $425 million collected from Measure ULA, ...

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  • 03 Jul
  • The Real Deal
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SoCal resi market sees wave of deal cancellations continue

For the second month in a row, home sale cancellations in Southern California were higher than they were a year ago.  In May, 2,261 home sales in Southern California fell apart, totaling 15.6 percent of all transactions in the region, ...

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  • 02 Jul
  • The Real Deal
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Related, Newland acquire former Forever 21 HQ in $120M deal

Related Companies and Newland Capital Group are adding the former Los Angeles headquarters of Forever 21 to their portfolios.  Blackstone and Worthe Real Estate Group sold the 39-acre industrial and office campus in Lincoln Heights to ...

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  • 02 Jul
  • The Real Deal
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LA office availability increases “amidst uncertainty over industry consolidation”

Los Angeles and Orange counties attracted quite different office tenants in the last quarter, showing that law, finance, retail and education could lead the way to office market recovery So-called traditional entities like law firms ...

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  • 02 Jul
  • The Real Deal
  • Uncategorized
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California legislature overhauls CEQA to pave way for construction boom

Hours before the end of the fiscal year, California legislators voted Monday to approve one of the most significant rollbacks of the California Environmental Quality Act in state history in what is considered a win for developers. As ...

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  • 01 Jul
  • The Real Deal
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Trousdale Estates nabs neighborhood’s priciest trade this year with $32M close

A Trousdale Estates pad touting a full-size tennis court nabbed the Beverly Hills neighborhood’s title of priciest deal so far this year, with a $32.3 million purchase price. The mystery buyer walks away with a nice discount on 1120 ...

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  • 01 Jul
  • The Real Deal
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Supreme Court strikes down LA landlords’ claim over Covid evictions ban

Los Angeles landlords seeking damages over unpaid rents during the pandemic have been shut down at the nation’s highest court.  On Monday, the U.S. Supreme Court turned down a property rights claim from Los Angeles landlords seeking ...

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  • 01 Jul
  • The Real Deal
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  • Recent Posts

    • Hankey finances bargain-bin hotel buy near SF’s Union Square July 3, 2025
    • Industry group flails as CEQA adjustments hit California builders unevenly July 3, 2025
    • Orange County office tower sells for discounted $19M July 3, 2025
    • City to deploy $425M of “mansion tax” money in record spending plan July 3, 2025
    • SoCal resi market sees wave of deal cancellations continue July 2, 2025
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