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Author: The Real Deal

Movers: Coldwell Banker franchisee Rodriguez expands after Inland Empire buy

Coldwell Banker Icon owner Jessie Rodriguez made good on an acquisition he hinted at earlier in the year, a move that helped balloon his brokerage overnight. Rodriguez, who moved his business to Coldwell Banker Real Estate as a ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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Malibu office campus trades for less than half of previous price tag

An office campus perched on a coastal bluff in Malibu has traded hands for $12.5 million, records reveal. The buyer is connected to Weintraub Real Estate Group, and the seller is affiliated with LaSalle Investment Management, a JLL ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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LA City Council sees institutional investor “monopolization” of housing market

Los Angeles officials are taking a closer look at whether deep-pocketed investors are shutting out would-be homeowners. The Los Angeles City Council voted last week to study how large institutional buyers, including investment firms ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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Venice single-family homes to give way to mixed-use resi building

More single-family homes in Los Angeles are slated for demolition and replacement with multifamily buildings.  The Los Angeles City Planning Commission signed off on a proposal for a mixed-use development at 1410-1422 Main Street in ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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Will resi get relief as Measure ULA goes under review?

It’s looking more likely changes to the city of Los Angeles’s Measure United to House L.A. are coming. What shape they take is unclear, but concerns about the tax’s “unintended consequences” for single-family residential properties ...

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  • 15 Mar
  • The Real Deal
  • Uncategorized
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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
  • Uncategorized
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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
  • Uncategorized
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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
  • Uncategorized
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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
  • Uncategorized
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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
  • Uncategorized
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