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Author: The Real Deal

Inside Izek Shomof’s downtown Long Beach office-to-resi buy

Can downtown Los Angeles make a comeback? Izek Shomof, who was part of its earlier revival and once called the “King of Spring” because of the developer’s transformation of the Spring Street corridor in the early 2000s, thinks it can. ...

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  • 14 Mar
  • The Real Deal
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Plans unveiled for Samuelis’ OCVibe live entertainment venue

The Samueli family’s $5 billion OCVibe project is coming into focus.  The 100-acre mixed-use development next to Anaheim’s Honda Center will include a state-of-the-art live entertainment venue early next year, L.A. Business First ...

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  • 13 Mar
  • The Real Deal
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Ben Ashkenazy sells Beverly Connection mall to Cedars-Sinai for $270M

Ben Ashkenazy sold his Beverly Connection mall to Cedars-Sinai for about $270 million, property and business records reveal. The deal comes out to around $790 per square foot.  Neither representatives for New York City-based Ashkenazy ...

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  • 13 Mar
  • The Real Deal
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Hi, Barbie: Santa Monica’s famed pink beach house is back on the rental market

Renters with a few tens of thousands of dollars to spare have the chance to live in their own beachside Barbie Dreamhouse.  Santa Monica’s instantly recognizable pink and purple mansion on Pacific Coast Highway is now available for ...

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  • 13 Mar
  • The Real Deal
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Blackstone unloads Van Nuys industrial buildings for $116M

Link Logistics continues to trim its industrial holdings in Los Angeles County.  Blackstone’s industrial subsidiary sold two adjacent industrial properties totaling roughly 307,000 square feet in Van Nuys to San Diego-based private ...

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  • 13 Mar
  • The Real Deal
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Brookfield unloads Rancho Cucamonga shopping center in $530M near-record sale

It didn’t take long for Brookfield Properties and Queensland Investment Corporation to find a buyer for the Victoria Gardens shopping center in Rancho Cucamonga.  After listing the retail property earlier this month, Brookfield and ...

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  • 12 Mar
  • The Real Deal
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Irvine Co. sells downtown Pasadena office building at discount

Donald Bren’s Irvine Company sold an office building located in downtown Pasadena to East West Bank for about $98 million, records reveal. That’s a steep decline from its $144 million purchase price in 2012. The deal for the ...

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  • 12 Mar
  • The Real Deal
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Plan to triple units at San Pedro housing project gets LA City Council go-ahead

The Los Angeles City Council has officially given the green light for the redevelopment of Rancho San Pedro near the Port of Los Angeles.  The One San Pedro Collaborative, a joint venture between Richman Group, National CORE, Century ...

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  • 12 Mar
  • The Real Deal
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Luxury spec developer lists $24M manse in celeb-heavy neighborhood

For anyone who wants to be neighbors with LeBron James or Tom Hanks, now’s the chance. A speculative mansion on Brentwood’s Tigertail Road has hit the market for nearly $24 million, or $2,263 per square foot, placing a prospective ...

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  • 12 Mar
  • The Real Deal
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LA County pols shut down homeowner association appeal against Windsor Hills condo project

A long-running fight over hillside housing in Windsor Hills is heading back to court after Los Angeles County supervisors rejected residents’ appeal of a proposed condominium project. The Los Angeles County Board of Supervisors voted ...

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  • 12 Mar
  • The Real Deal
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