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Author: The Real Deal

Eli Sasson files for Chapter 11 bankruptcy to hold onto $88M Beverly Hills Home

Developer Eli Sasson filed for Chapter 11 protections to avoid foreclosure on a Beverly Hills mansion he listed for $88 million three years ago. The octogenarian builder, known for his battle to redevelop the South Los Angeles site of ...

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  • 06 May
  • The Real Deal
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Kanye West’s former Malibu pad lands seat as LA’s top contract

Kanye West’s previous pad in Malibu made headlines again this past week when it appeared in the No. 1 spot among signed contracts in L.A. County, with a $39 million asking price. The weekly contracts list from Douglas Elliman’s Eklund ...

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  • 06 May
  • The Real Deal
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Burlington snaps up two Joann store spaces in SoCal

Burlington will cram coats and suits inside two closing Joann stores once stuffed with fabrics and arts-and-crafts supplies in Southern California. The New Jersey-based apparel retailer once known as Burlington Coat Factory has taken ...

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  • 05 May
  • The Real Deal
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First look at Louis Vuitton’s Frank Gehry-designed flagship in Beverly Hills

Louis Vuitton has unveiled the look of its proposed superstore in Beverly Hills: two windowless three-story buildings designed by Frank Gehry that resemble a white lotus flower. The Paris-based luxury retailer drew the curtain on plans ...

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  • 05 May
  • The Real Deal
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Mushmel Properties Pays $21M for Ralphs-anchored retail in DTLA

Retail real estate investor Mushmel Properties paid $20.9 million for a Ralphs-anchored retail property in the South Park neighborhood of downtown Los Angeles. The family-owned investment firm is based in Sherman Oaks and will add the ...

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  • 05 May
  • The Real Deal
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Underwater no more: Carolwood in escrow to buy EY Plaza for $130M

Adam Rubin and Andrew Shanfeld’s Carolwood is in escrow to buy the 41-story EY Plaza for $130 million, or about $141 per square foot, The Real Deal has learned. The 11-year-old firm, which invests in real estate, hot sauce and a ...

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  • 02 May
  • The Real Deal
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BKM Capital, Kayne Anderson Real Estate form $1.5B industrial pact

Investors BKM Capital Partners and Kayne Anderson Real Estate have linked up with a plan to buy $1.5 billion in light industrial buildings across the U.S. The Newport Beach- and Florida-based investors formed a joint venture to commit ...

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  • 02 May
  • The Real Deal
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Tariff strife heats up demand for bonded warehouses near LA ports

The tariff turmoil has turned bonded warehouses into a hot ticket for a few Los Angeles landlords. Importers still receiving shipments from overseas are scrambling to rent space in the bonded buildings, where they can buy time for ...

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  • 02 May
  • The Real Deal
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SoCal cities bounce back on population as Bay Area lags

California’s population exodus has been stopped in its tracks. The state’s population has grown for the second straight year, with much of the growth in its largest cities, the Los Angeles Times reported, citing figures from the state ...

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  • 02 May
  • The Real Deal
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Anaheim Ducks owners launch $1B makeover of Honda Center

The owners of the Anaheim Ducks are poised to pour $1 billion into revamping Anaheim’s Honda Center, on top of their $4 billion retail village being built around the sports arena. Henry and Susan Samueli, owners of the NHL hockey team, ...

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  • 02 May
  • The Real Deal
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