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Author: The Real Deal

Proposed billionaire tax “icing on cake” of resi headwinds in California

Really?  That’s what some in Los Angeles real estate are asking as proponents look to put a proposed billionaire tax onto the November ballot. “This will be the icing on the cake and the most detrimental thing to happen to California, ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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Irvine locals raise big stink over Brookfield’s landfill-adjacent housing plans

Irvine city leaders wasted little time in handing over an industrial site to Brookfield Residential Properties for development, but the project is already causing a big stink — and dealing with one.  Earlier this month, demolition ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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NorthPoint sells 100 acres in Lancaster for planned 400K sf manufacturing facility

The Inland Empire and South Bay are two of the top industrial markets in the country, but Jensen Infrastructure is looking to expand elsewhere in Greater Los Angeles.  Reno, Nevada-based Jensen acquired 100 acres in Lancaster, ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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RBM eyes former Rancho Park restaurant for housing, retail

The location of a closed restaurant on Los Angeles’ Westside has been floated for redevelopment into housing and retail.  RBM of California filed an application with the Los Angeles Department of City Planning to demolish the existing ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Relevant’s Grant King hands back keys to Hollywood hotel

The embattled Grant King-helmed Relevant Group handed back the keys to a trendy Hollywood hotel to a lender, records reveal.  LCP Group seized control of Dream Hollywood Hotel at 6417 Selma Avenue via a deed in lieu of foreclosure ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Bernie Sanders hits Mark Zuckerberg’s resi portfolio in push for “billionaire tax”

U.S. Senator Bernie Sanders aimed for California’s class of tech titans and struck the heart of the Golden State’s luxury residential real estate market in leading a rally for the proposed 2026 Billionaire Tax Act that calls for a ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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TruAmerica acquires apartments on LA’s Westside

TruAmerica Multifamily is adding to its holdings on the Westside with two multifamily property acquisitions.  Century City-based TruAmerica purchased the Luxe Villas and Haven Apartments, comprising 157 units, for an undisclosed price, ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Former Saban international exec seeks $42M for Brentwood manse

A chateau-inspired mansion in Brentwood hit the market for the first time ever, asking $42 million. The 9,000-square-foot residence at 12721 Chalon Road was custom built for the seller, a trust tied to Stan and Abbie Golden, property ...

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  • 18 Feb
  • The Real Deal
  • Uncategorized
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Public Storage shifts HQ from California to North Texas 

The country’s largest self-storage landlord is packing up its headquarters for Texas. Public Storage announced it will relocate its corporate headquarters from Glendale, California, to Frisco, cementing North Texas’ status as a magnet ...

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  • 18 Feb
  • The Real Deal
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Ikea readies 38K sf Culver City store in LA regional first

Ikea is growing its presence in Los Angeles with a new location in Culver City.  The Swedish furniture giant is planning to open its first city-center store in the Los Angeles area at 3225 Helms Avenue in Culver City’s Helms Design ...

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  • 18 Feb
  • The Real Deal
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  • Recent Posts

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