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Author: The Real Deal

Raintree drops $100M on 28-building Ventura apartment complex

Raintree Partners has picked up an apartment complex in Ventura County for $100 million.  The Dana Point-based real estate investment company bought Cypress Point, a 268-unit multifamily property in Ventura, from County Center in a ...

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  • 29 Aug
  • The Real Deal
  • Uncategorized
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Big moves across LA’s commercial real estate: Westwood Financial taps new CEO

Westwood Financial has named a new chief executive: KC Fields. He is replacing Mark Bratt, who stepped down in December after six years at the helm. The Los Angeles-based retail real estate investment company was founded in 1970 by ...

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  • 29 Aug
  • The Real Deal
  • Uncategorized
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Most-expensive Palisades deal this year is house with history

A vintage Pacific Palisades property set this year’s price record for the Los Angeles neighborhood, selling along with a nearby home for a combined $27 million. The Monterey Revival-style home at 14924 Camarosa Drive is the Palisades’ ...

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  • 28 Aug
  • The Real Deal
  • Uncategorized
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Lighthouse Group drops $74M on more Hollywood apartments

The Lighthouse Group bought its second Hollywood apartment complex this year.  The Pacific Palisades-based firm purchased the 218-unit property at 1714 North McCadden Place for $73.9 million, or $338,991 a unit, from an entity ...

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  • 28 Aug
  • The Real Deal
  • Uncategorized
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KMPG brings life to DTLA’s US Bank Tower with 70K sf lease

KPMG is trading one downtown Los Angeles address for another, in one of the largest office leases of the year thus far.  The Netherlands-based accounting and professional services firm signed a lease for nearly 70,000 square feet ...

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  • 28 Aug
  • The Real Deal
  • Uncategorized
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From ashes to assets: Who’s snapping up California’s fire-damaged land?

The buyer pool of burned lots in Southern California’s rebuild is rapidly growing. Last week saw a diverse group of investors, including traditional developers, toymakers and even a California Lottery winner. What’s at stake is laying ...

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  • 28 Aug
  • The Real Deal
  • Uncategorized
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Elliott Investment makes move on Rexford Industrial

A New York-based activist investor and hedge fund operator is making a major play for Los Angeles-based real estate investment trust Rexford Industrial Realty.  Elliott Investment Management has built an active stake in Rexford ...

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  • 27 Aug
  • The Real Deal
  • Uncategorized
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Half-off sale as Macerich offloads Lakewood Center mall 

A nearly 75-year-old mall is headed for redevelopment after being sold to new owners.  Retail landlord Macerich has sold the 2 million-square-foot Lakewood Center mall for $332.1 million to a joint venture of three developers and ...

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  • 27 Aug
  • The Real Deal
  • Uncategorized
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Army Corps fire cleanup concludes as crews clear last homesite

The U.S. Army Corps of Engineers’ wildfire cleanup efforts are nearly complete almost eight months after the deadly blazes.  The Army Corps is preparing to clear debris from the last residential parcel that opted into the federal ...

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  • 27 Aug
  • The Real Deal
  • Uncategorized
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Pintar buys Laguna Design Center with plans for mixed-use redevelopment

Pintar Investment Company is under contract to buy Laguna Design Center.  The San Juan Capistrano-based real estate investment firm moved to purchase the 40-year-old Laguna Niguel shopping mall earlier this month, the Orange County ...

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  • 27 Aug
  • The Real Deal
  • Uncategorized
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