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Author: The Real Deal

John Aaroe, luxury brokerage owner and agent to the stars, dead at 74

John Aaroe, who was part of the first wave of Los Angeles’ luxury brokerages and a mentor to many of the market’s top talent, died Tuesday. He was 74. A spokesperson for family and friends confirmed Aaroe died in his Rancho Mirage ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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Top OC law firm leaves Santa Ana HQ for new Irvine digs

An Orange County-based law office is relocating its headquarters from Santa Ana to Irvine.  Trial and litigation firm Callahan & Blaine is moving to the top two floors of Newport Gateway, a 12-acre office campus at 19800 and 19900 ...

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  • 19 Dec
  • The Real Deal
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Pasadena tenants say Hines pulling amenity bait-and-switch

Hines is facing criticism from tenants in Pasadena less than a year after it became the owner of an 140-unit apartment complex.  On Wednesday, members of the Pasadena Gateway Villas Tenants Association said they have faced multiple ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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Douglas Elliman, Newport Beach manager settle legal blows

A legal row brought by Douglas Elliman’s former Newport Beach sales manager against the brokerage and one of its former executives is coming to a close. An attorney for former Newport Beach office Executive Manager of Sales Christina ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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LA Metro drives into Arts District offices with $45M purchase from SteelWave

The latest office building sale in downtown Los Angeles is a bright spot in one of the country’s hardest-hit commercial real estate markets in the post-pandemic years.  L.A. Metro bought the 106,004-square-foot office building at 500 ...

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  • 18 Dec
  • The Real Deal
  • Uncategorized
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Amidi lands $125M Oaktree loan for Glendale apartments

Amidi Real Estate Group has secured $125 million in financing for a newly built residential building in downtown Glendale.  Oaktree Capital Management provided the financing for the 228-unit TenTen Campus at 414 North Orange Street, ...

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  • 18 Dec
  • The Real Deal
  • Uncategorized
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Ardie Tavangarian’s Villa Siena heads back to market for $135M

A haircut may be just what Ardie Tavangarian’s Villa Siena mansion needs to turn the heads of prospective buyers. The Bel-Air mansion at 607 Siena Way, with a $135 million ask, came in as last week’s priciest addition to Los Angeles ...

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  • 18 Dec
  • The Real Deal
  • Uncategorized
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Jamison turns away Section 8 housing applicants: investigation

One of Los Angeles’ biggest landlords is largely shutting its doors to Section 8 renters, according to a new investigation.  Jamison routinely rejected tenants using federal housing vouchers at many of its buildings, Capital & ...

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  • 18 Dec
  • The Real Deal
  • Uncategorized
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Inland Empire leads LA-area rental growth

As municipalities across Greater Los Angeles work to meet their housing goals, the Inland Empire is in a notably healthier position for growth. While Los Angeles, Ventura and Orange counties deal with undersupplied multifamily rental ...

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  • 17 Dec
  • The Real Deal
  • Uncategorized
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Brookfield’s latest selloff: FIGat7th 

The latest Brookfield-tied property to hit the market in the Financial District of downtown Los Angeles is not a distressed office tower, but still looks to be a bargain compared to some recent deals. JLL is shopping FIGat7th, ...

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  • 17 Dec
  • The Real Deal
  • Uncategorized
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