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Author: The Real Deal

Big-money mortgage defaults dot LA map in 2024

From dwindling mall occupancy at Santa Monica Place to downsizing office tenants on Silicon Beach, commercial borrowers found themselves in hot water as their loans came due in 2024. Landlords in Los Angeles and Orange counties started ...

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  • 03 Jan
  • The Real Deal
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Vintage aluminium travel trailers in LA’s Topanga Canyon ask $300K

Only in Topanga: travel trailers listing for almost $300,000 — each. An unidentified owner of three vintage, aluminum travel trailers has put them up for sale at a four-unit trailer park at 272 North Topanga Canyon Boulevard, the Los ...

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  • 03 Jan
  • The Real Deal
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Stream Realty Partners makes hire to boost multifamily business in OC

Stream Realty Partners has expanded its investment brokerage practice in Orange County with a foray into the multifamily market. The Dallas-based commercial brokerage has hired Pat Swanson to lead its apartment-focused practice from ...

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  • 03 Jan
  • The Real Deal
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$35M home closes in December as one of Beverly Hills’ priciest deals

A Spanish-style, 1920s residence closed for $35 million in the final month of 2024 to come in as one of Beverly Hills’ priciest home sales. The seven-bed, 12-bath property at 619 North Arden Drive was sold by a trust tied to David ...

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  • 03 Jan
  • The Real Deal
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Virco Manufacturing re-ups lease for 560K sf headquarters in Torrance

Virco Manufacturing has re-upped the lease for a 559,000-square-foot headquarters and industrial building in Torrance. The maker of school furniture and equipment renewed its lease for the one-story building at 2027 Harpers Way, the ...

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  • 02 Jan
  • The Real Deal
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Forecast: Mortgage rates to hover between 6.15% and 7.55% in 2025

Drum roll: mortgage rates could either dip or tick up slightly next year. Home loan pricing will likely run between 6.15 percent and 7.55 percent, according to a forecast by the Orange County Register, based on 52 years worth of ...

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  • 02 Jan
  • The Real Deal
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Lee & Associates opens property management unit in Pasadena

Lee & Associates has opened a property management division at its Pasadena office. The broker-owned firm based in Westlake Village launched the management subsidiary to help buyers and alleviate landlord stress in Los Angeles, ...

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  • 02 Jan
  • The Real Deal
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Third Street Promenade sale leads pack in LA’s biggest retail deals

Los Angeles retail followed two parallel stories in 2024: one of distress and another of success. A look at L.A. County’s largest investment deals underscores that storyline as markets with strength, such as Beverly Hills, commanded ...

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  • 02 Jan
  • The Real Deal
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Why these retail players are betting on malls for LA millennials with money

The Runyon Group retail mix is very if you know, you know. They do deals with brands like Go Get Em Tiger, a coffee place that sells $7 almond macadamia lattes, accessories maker Janessa Leone for $337 wool fedoras and Brooklyn-based ...

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  • 02 Jan
  • The Real Deal
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Related California’s Bill Witte has built more housing in California than almost anyone else. How?

Bill Witte is patient, not one to celebrate early. He brushes aside the suggestion that his company’s $3 billion mixed-use development project — Related Bristol, recently approved by the city of Santa Ana in Orange Country — will be ...

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  • 02 Jan
  • The Real Deal
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