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Author: The Real Deal

Cain adds ex-Dodgers president Bob Graziano on One Beverly Hills 

Cain hired a heavy hitter for its massive One Beverly Hills development.  Jonathan Goldstein’s privately held investment company appointed Bob Graziano as chief strategy advisor. Graziano, a former J.P. Morgan Chase vice chairman and ...

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  • 03 Dec
  • The Real Deal
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Brookfield-owned Bank of America Plaza debt for sale after $400M default

Another distressed Brookfield-owned downtown office tower is on the market: Bank of America Plaza. Colliers is shopping the defaulted commercial mortgage-backed securities loan connected to the 1.4 million-square-foot skyscraper in ...

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  • 02 Dec
  • The Real Deal
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Kanye West’s distressed former Malibu home pitched as crypto-backed timeshare

Kanye West’s former Malibu home is back in the spotlight as it begins its transformation into a members-only timeshare property.  The rapper gutted the home and sold it to Belwood Investments CEO Steven “Bo” Belmont for $21 million in ...

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  • 02 Dec
  • The Real Deal
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Williams’ Hollywood Hills spec manse off and on again at $125M

A nine-figure listing in the Hollywood Hills hopped off and back on the market last week to make a splash in Los Angeles County’s active inventory. That’s according to a weekly report of signed contracts and new listings compiled by ...

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  • 02 Dec
  • The Real Deal
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Shammas Group eyes hotel on Felix Chevrolet lot along Figueroa Corridor

The area surrounding Felix Chevrolet and its landmark sign is slated for redevelopment.  Los Angeles-based Shammas Group, which owns Felix Chevrolet, has submitted a new application to the Los Angeles Department of City Planning for a ...

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  • 02 Dec
  • The Real Deal
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Irvine Company gets OK for 700-unit office-to-resi plan in Newport Beach

The Newport Beach City Council has approved a plan for Irvine Company to turn offices into housing near John Wayne Airport.  Newport Beach council members unanimously voted in support of a development agreement for Irvine Company to ...

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  • 02 Dec
  • The Real Deal
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Taylor Morrison plots 128-unit resi community on former Azusa school site 

A decommissioned elementary school in Azusa is slated for demolition and will become the site of a new housing community from Taylor Morrison.  The Arizona-based homebuilder is poised to turn the property at 1035 East Mauna Loa Avenue, ...

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  • 02 Dec
  • The Real Deal
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SoCal malls poised for post-pandemic retail comeback

Reports of the death of the Southern California mall have been exaggerated.  Legacy malls across the region have been trading hands for nine figures as investors bet on dense suburban sprawl, limited supply and a consumer shift toward ...

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  • 01 Dec
  • The Real Deal
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Amazon drops $79M in Pasadena amid data center spending

Amazon purchased a flex industrial space in Pasadena for $78.8 million as it ramps up data center spending, according to property records. The price was almost 139 percent over what seller El Segundo-based Alvarez & Marsal Capital ...

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  • 01 Dec
  • The Real Deal
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LA developers flock to transit-oriented development in search of tax incentives

Transit-oriented development is driving multifamily projects in Los Angeles.  Developers are increasingly chasing density bonuses near rail stations in the hope that renters will flock to the new residences for walkability and transit ...

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  • 01 Dec
  • The Real Deal
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