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Author: The Real Deal

Focus on TRDData: LA’s priciest condo sale

Nail-polish money provided the gloss for the biggest condominium sale in Los Angeles County in the first half of the year, with former OPI nail polish executive Miriam Schaeffer paying $39.1 million purchase of a full-floor penthouse ...

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  • 06 Oct
  • The Real Deal
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Broken records: Superlatives, squeals on rankings

Rankings and superlatives are probably the one thing agents and brokerages can agree they love to hate and then love again. Most are unable to look away from perusing said rankings even if they take issue with the methodology.    With ...

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  • 05 Oct
  • The Real Deal
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Key data point in L.A. hotel sector: pain

Own a hotel in Los Angeles? Then, you’re probably feeling some pain. Relevant’s Grant King is these days.  A lender wants to sell the equity interests in the Dream Hollywood hotel, owned by a company connected to Relevant. A ...

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  • 04 Oct
  • The Real Deal
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Aflalo Equities pitches builder’s remedy projects to Beverly Hills

The City of Beverly Hills will consider greenlighting two builder’s remedy projects from a local family-owned property management and development firm. Aflalo Equities’ proposal for two eight-story residential buildings will go before ...

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  • 03 Oct
  • The Real Deal
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Taxpayers on hook for Skid Row’s $1B trio of homeless housing towers

Three skyscrapers in downtown Los Angeles designed to house the homeless could end up costing federal taxpayers more than $1 billion.  Homeless services nonprofit Weingart Center Association is behind the three towers, which would ...

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  • 03 Oct
  • The Real Deal
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Seedbed for industrial sector: Port of LA seeks developer on new terminal plan

The Port of Los Angeles is about to grow for the first time in decades.  A new marine container terminal will eventually rise at the Port of Los Angeles, the country’s largest port, L.A. Business First reported. Port officials are ...

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  • 03 Oct
  • The Real Deal
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Laguna Hills reluctantly approves builder’s remedy project for seniors

An apartment complex for senior citizens is headed for construction thanks to builder’s remedy.  Laguna Hills City Council members voted to approve the project at the La Paz Village shopping center, Voice of OC reported. The project ...

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  • 03 Oct
  • The Real Deal
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L.A. “redlined” by multifamily investors despite demand, rent growth

Multifamily developers are slamming the brakes on projects across Los Angeles, despite high demand and some of the most-expensive rental rates in the country.  A roller-coaster of development regulations in the past five years has ...

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  • 02 Oct
  • The Real Deal
  • Uncategorized
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Buie Stoddard portfolio scores $54M refi amid retail heatwave

Buie Stoddard Group secured a refinancing package for five shopping centers in Southern California.  The Laguna Niguel-based investment firm secured a $54 million credit facility from Refinance Group of America and River City Bank, ...

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  • 02 Oct
  • The Real Deal
  • Uncategorized
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Pasadena to sell chunk of ‘Stub’  

A chunk of the vacant property in Pasadena owned by the California Department of Transportation will soon come under local government ownership.  The City of Pasadena is moving forward in its effort to acquire and sell 17 vacant ...

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  • 02 Oct
  • The Real Deal
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