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Author: The Real Deal

Relevant’s Dream Hollywood hotel headed to foreclosure 

A lender aims to foreclose on Grant King’s Dream Hollywood hotel. A UCC foreclosure auction is scheduled for mid-October, according to a notice reviewed by The Real Deal. The LCP Group is seeking to foreclose on the equity interests in ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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SoCal real estate job market tumbles amid high interest rates

The job market for real estate and construction-related fields is contracting in Southern California.  Employers across real estate services, lending, construction, building supplies and building services tracked 714,900 workers in Los ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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Los Angeles Sparks join NFL, NBA teams in El Segundo

The Los Angeles Sparks are moving to El Segundo.  The three-time WNBA champions plan to build a 55,000-square-foot practice facility and headquarters at Continental Development’s Continental Park complex in the seaside city, Commercial ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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Focus on TRDData: Priciest Beverly Hills single-family sale

Beverly Hills’ top single-family sale last quarter was 1028 Ridgedale Drive, which Australian billionaire James Packer sold for $59.6 million in April, according to Los Angeles County tax assessor records. This is the latest ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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Will Wells Fargo corner Kravetz on San Fernando Valley portfolio?

Things just keep getting worse for Norman Kravetz. The Realty Bancorp Equities principal defaulted this summer on the commercial mortgage-backed securities debt connected to a five-office-property portfolio, and now faces calls to cede ...

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  • 28 Sep
  • The Real Deal
  • Uncategorized
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Compass-Anywhere: “First play in a long game” to bring commission splits down

Want a hot take on Compass’ $1.6 billion deal for Anywhere Real Estate that you haven’t already heard? Let’s start from the top and work our way down. An industry veteran in L.A.’s high end jumped a few steps forward to conjecture ...

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  • 27 Sep
  • The Real Deal
  • Uncategorized
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LA gyms flex growth as chains bulk up in vacant retail spaces across region

As malls and retail spaces across Greater Los Angeles face increasing vacancies, an eyebrow-raising — or rather, barbell raising — alternative has emerged to fill those voids.  Gym operators like Equinox and Royal Personal Training ...

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  • 26 Sep
  • The Real Deal
  • Uncategorized
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Louis Vuitton Rodeo Drive flagship nearly in the bag

A planned Louis Vuitton outpost in Beverly Hills is inching closer to construction.  The Beverly Hills Planning Commission gave unanimous approval to a three-story LV flagship store, rooftop restaurant and exhibition space, the Beverly ...

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  • 26 Sep
  • The Real Deal
  • Uncategorized
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Dolce & Gabbana, Casa Tua signed to Cain’s One Beverly Hills 

One Beverly Hills is still in its early construction phases, but developer Cain International secured some notable tenants for its retail portion.  Fashion giant Dolce & Gabbana, Italian restaurant Casa Tua and Mexican-Japanese ...

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  • 26 Sep
  • The Real Deal
  • Uncategorized
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Kanne do? Meet the developer driving high-rise resi at The Bloc

The Los Angeles City Council did more than greenlight a towering addition to one of Downtown Los Angeles’ best-known commercial centers last week — it also put a spotlight on a faraway firm and the one-time Peace Corp volunteer who ...

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  • 26 Sep
  • The Real Deal
  • Uncategorized
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