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Author: The Real Deal

Helio Group lands $92M loan for luxury Culver City apartments

Helio Group scored a $92 million construction loan from Affinius Capital for a residential project in Culver City.  The Los Angeles-based developer secured construction financing for Aston Residences, a 190-unit luxury multifamily ...

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  • 22 Aug
  • The Real Deal
  • Uncategorized
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Seaview scores $55M refi for Marriott-linked hotel near Beverly Hills

A Marriott-affiliated hotel in Pico-Robertson secured an eight-figure refinancing deal a year after it was rebranded.  Brentwood-based mortgage lender Mesa West Capital provided a five-year $55 million loan for the Burton House, ...

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  • 22 Aug
  • The Real Deal
  • Uncategorized
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Malibu finally gets first rebuild permit, 8 months after Palisades fire

Malibu has gotten its first rebuild permit after January’s deadly wildfires.  Yolanda Bundy, the city’s community development director, announced the securing of the permit last week, The Malibu Times reported.  According to Bundy’s ...

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  • 22 Aug
  • The Real Deal
  • Uncategorized
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Carolwood’s $130M deal falls apart for distressed downtown LA office

Carolwood’s deal to purchase EY Plaza from Brookfield’s lenders for $130 million fell through, The Real Deal has learned. The Adam Rubin and Andrew Shanfeld-helmed private equity firm’s deal collapsed, and the property is coming back ...

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  • 22 Aug
  • The Real Deal
  • Uncategorized
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“King of Sitcoms” goes Hollywood Regency with $28M Bel Air mansion

A mansion of the Hollywood Regency style has found a high-profile buyer nearly six months after hitting the market.  Television producer Chuck Lorre–the creator of hit sitcoms  “The Big Bang Theory” and “Two and a Half Men,”among ...

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  • 21 Aug
  • The Real Deal
  • Uncategorized
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Dom DeLuise’s former Palisades property asks $21M after redevelopment

A Pacific Palisades property once owned by the late actor and comedian Dom DeLuise hit the market Thursday with an asking price more than triple what it last sold for. Anthony Marguleas, founder of Palisades-based Amalfi Estates, is ...

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  • 21 Aug
  • The Real Deal
  • Uncategorized
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$20M refi back apartments-to-condos conversion in Koreatown

Jannone Development is preparing to turn an apartment complex in Koreatown into condominiums.  The Los Angeles-based developer secured a $20 million refinancing loan from JLL for The Secret, a 39-unit multifamily property built last ...

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  • 21 Aug
  • The Real Deal
  • Uncategorized
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Norman Kravetz’s LA County office portfolio takes $54M haircut

More trouble hit the Norman Kravetz-helmed Realty Bancorp’s Los Angeles County office portfolio.  After the commercial mortgage-backed securities debt connected to the five-property portfolio landed in special servicing earlier this ...

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  • 20 Aug
  • The Real Deal
  • Uncategorized
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NoHo’s derelict Valley Plaza complex heads for demolition

The long-blighted Valley Plaza complex in North Hollywood is finally set to come down.  On Tuesday, Los Angeles city commissioners voted to declare part of the once-thriving shopping center a public nuisance, the Los Angeles Times ...

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  • 20 Aug
  • The Real Deal
  • Uncategorized
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Aon Center fills full floor with Indian Consulate

The Consulate General of India is growing its presence in California with its first outpost in Los Angeles.  The South Asian country’s diplomatic arm signed a full-floor lease at the Aon Center at 707 Wilshire Boulevard in downtown Los ...

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  • 20 Aug
  • The Real Deal
  • Uncategorized
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