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Author: The Real Deal

Macy’s to close DTLA’s last department store

Macy’s, whose roots in Downtown Los Angeles hail back to the era of President Grover Cleveland and the first Ford vehicle, is closing. The closure of the 250,000-square-foot Macy’s Downtown LA Plaza at 750 West 7th Street marks the ...

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  • 03 Mar
  • The Real Deal
  • Uncategorized
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Former supermodel Christina Estrada asks $26M for Beverly Hills villa

A former supermodel wants to sell her 1930-built villa in the Beverly Hills Flats, enlisting an agent behind the Playboy Mansion and Chartwell Estate megadeals to find a buyer. Christina Estrada hired Gary Gold, an agent with Forward ...

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  • 03 Mar
  • The Real Deal
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Under Trump, LA federal buildings at risk of being sold off

Spring Street Courthouse is “for all intents and purposes — f****d.” —Aleks Trifunovic, president of Lee & Associates in West Los Angeles It’s not easy to sell off dated, empty federal government properties with niche uses, but ...

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  • 03 Mar
  • The Real Deal
  • Uncategorized
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ICYMI: LA return to office remains elusive, new dev firm wants to disrupt

In the ongoing return-to-office debate, Los Angeles is taking a very laissez-faire approach. Los Angeles Mayor Karen Bass hasn’t taken an official stance publicly on whether the city’s workforce will be ordered back into the office. ...

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  • 01 Mar
  • The Real Deal
  • Uncategorized
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USC buys Hebrew Union College campus for $35M

University of Southern California has bought a Hebrew Union College – Jewish Institute of Religion building next to its Exposition Park campus for $34.6 million in a buy-leaseback deal that requires the school to downsize and foot the ...

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  • 28 Feb
  • The Real Deal
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Seminole Tribe fund buys 144-unit Miracle Mile asset for $68.4M

Seminole Real Estate Fund, an investment firm with links to the Seminole Tribe of Florida, has acquired the Vinz on Fairfax for $68.4 million, a 144-unit apartment complex in the Miracle Mile, The Real Deal has learned.  The property, ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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LA wildfires could inflict $9B in economic damage to region

The Los Angeles County wildfires that torched more than 16,000 homes, businesses and other buildings last month could burn a $9 billion hole in the region’s economy, according to a study. The Los Angeles County Economic Development ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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$40M Encino manse to set new listing record

A new record will be set in Encino with the planned listing next week of a nearly $40 million estate as some agents see more interest in the San Fernando Valley neighborhood from Westside residents. No other Encino listing on the ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Ohr Haemet eyes 150-unit affordable complex in LA’s Mid-City

Ohr Haemet plans to build a 150-unit affordable apartment complex in Mid-City. The Pico-Robertson-based nonprofit developer led by Rabbi David Akhamzadeh, filed plans to build the six-story building at 2600 South Robertson Boulevard, ...

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  • 27 Feb
  • The Real Deal
  • Uncategorized
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Ashford Hospitality scores $580M refi for 16 hotels

Ashford Hospitality Trust has snagged a $580 million loan to refinance 16 hotels in Florida and California, including one in Beverly Hills. The Dallas-based real estate investment trust secured the loan backed by the hotels, including ...

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  • 27 Feb
  • The Real Deal
  • Uncategorized
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