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Author: The Real Deal

13K sf Newport Coast mansion hits market for $50M

Ever wanted to experience a 1920s-style speakeasy without leaving your house and shelling out $20 for a cocktail? Now’s your chance.  A three-story Tuscan villa-style mansion in Newport Coast has hit the market for $49.9 million, the ...

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  • 17 Jun
  • The Real Deal
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Canada-based Asian grocery chain grows SoCal presence with 61K sf location

Asian grocery chain T&T Supermarket is expanding its Southern California dreams with a new store in Chino Hills — which will be one of four such stores to open next year.   The Toronto-based company plans to move into 61,000 ...

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  • 17 Jun
  • The Real Deal
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 Valley Village mixed-use development gets go-ahead from city

A new mixed-use development is poised to rise in Valley Village.  The city of Los Angeles has approved a proposal to redevelop a commercial building at 12500 Riverside Drive into a five-story building with housing and ground-floor ...

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  • 16 Jun
  • The Real Deal
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Santa Monica Clock Tower’s loan lands in special servicing

A loan backing the Santa Monica Clock Tower, once the city’s tallest building, headed to special servicing after the office tower struggled with occupancy.  A $26.7 million commercial mortgage-backed securities loan tied to the ...

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  • 16 Jun
  • The Real Deal
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LeBron James’ Beverly Hills mansion takes shape after demolition of $37M home 

Los Angeles Lakers star LeBron James has made major progress on his ambitious Beverly Hills home demolition and rebuild project.  James bought the property at 9955 Beverly Grove Drive in 2020 for $36.8 million, and in 2023, he razed it ...

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  • 16 Jun
  • The Real Deal
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Milwaukee Brewers co-owner slashes LA manse price again — this time by $10M

Robert Beyer, chair of Chaparral Investments and minority owner of the Milwaukee Brewers, has slashed the asking price of his Los Angeles mansion nearly two years after it hit the market.  Beyer is now asking $54.9 million for the ...

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  • 16 Jun
  • The Real Deal
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LA ICE raids could chill already tight labor market for homebuilding

It’s been a week since Los Angeles’ Fashion District was rocked by U.S. Immigration and Customs Enforcement raids that set off many more detainments in the days that followed.  Some are now asking whether the raids could hold ...

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  • 14 Jun
  • The Real Deal
  • Uncategorized
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AG sues SoCal real estate family, claims landlord exploits tenants

Attorney General Rob Bonta sued what he called operators of a “multi-billion dollar real estate empire” for allegedly renting out unsafe and uninhabitable units, discriminating against Section 8 recipients and engaging in deceptive ...

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  • 14 Jun
  • The Real Deal
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Uncommon Developers secures $150M loan for DTLA office tower

Uncommon Developers will get some help in its acquisition of the Figueroa at Wilshire building in downtown Los Angeles in the form of a $150 million loan package.  The Los Angeles-based firm secured roughly $150 million from Barings, a ...

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  • 13 Jun
  • The Real Deal
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Train track-equipped LA mansion hits market at $20M

A Tarzana mansion with nearly a century of history and connections to Walt Disney and acclaimed actor John Huston is on the market.  The home, located at 4535 Vanalden Avenue in the Tarzana hills, is for sale for just under $20 ...

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  • 13 Jun
  • The Real Deal
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