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Author: The Real Deal

Rusnak’s Pasadena Porsche dealership plan approved pending design changes

A new Porsche dealership in Pasadena has been given the green light after some design changes.  The city’s Design Commission voted unanimously to approve the final design for Rusnak Auto Group’s new Porsche dealership at 2915 East ...

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  • 14 Aug
  • The Real Deal
  • Uncategorized
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Robert Rivani lands Playboy HQ for Miami Beach office building

Playboy will take its ongoing makeover from Los Angeles to Miami Beach, as the once-iconic brand is moving its headquarters to Robert Rivani’s office building. PLBY Group, the Los Angeles-based publicly traded company that owns Playboy ...

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  • 13 Aug
  • The Real Deal
  • Uncategorized
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Shohei Ohtani sued over $240M Hawaiian real estate deal

Los Angeles Dodgers star and World Series champ Shohei Ohtani is at the center of a lawsuit involving a real estate development in Hawaii.  Ohtani, along with his agent Nez Balelo, are being sued by a Hawaii real estate investor and a ...

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  • 13 Aug
  • The Real Deal
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LA, Bay Area well positioned with Opportunity Zone 2.0 program

With the second iteration of federal  Opportunity Zones on the horizon, Los Angeles and San Francisco look to be fertile ground for development under the program.  The new Opportunity Zone program, first introduced with President ...

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  • 13 Aug
  • The Real Deal
  • Uncategorized
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Carl Gambino lands $75M listing once owned by Ricky Martin, Michael Caine

A $75 million Beverly Hills mansion once owned by Ricky Martin and Doris Day’s family has entered the market. Carl Gambino, who helms the Gambino Group at Compass, is marketing 1309 Davies Drive, which hit listing sites Tuesday. ...

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  • 13 Aug
  • The Real Deal
  • Uncategorized
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Can office-to-resi conversions bail out  Downtown LA landlords and public finance?

As downtown Los Angeles continues a lengthy post-pandemic office market recovery, the plummeting of values so far could prove beneficial in addressing another looming issue: The city’s housing crisis.  Case in point: The redevelopment ...

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  • 13 Aug
  • The Real Deal
  • Uncategorized
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DTLA’S Wedbush Center loses 70% of value in less than decade

The 21-story Wedbush Center in Downtown Los Angeles was recently appraised at $60.5 million compared with a $197.5 million value at loan issuance, according to Morningstar Credit.  That’s a 69 percent decline in around seven years.  ...

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  • 13 Aug
  • The Real Deal
  • Uncategorized
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Heather and Terry Dubrow land $17M for Beverly Hills manse

Reality TV stars Heather and Terry Dubrow sold their Beverly Hills estate for $16.5 million, a 34 percent discount from what “The Real Housewives of Orange County” couple first sought for the home.  The Dubrows placed 1501 Tower Grove ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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Unidentified foreign investor grabs 9 burned Malibu lots for $65M

A chunk of beachfront properties in Malibu now belong to a mysterious foreign investor.  An unidentified buyer has bought nine burned properties in the La Costa Beach area for a total of $65 million, The Malibu Times reported. The ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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Bankrupt Oceanwide Plaza sale expected to wrap by year’s end: broker

The broker on the bankrupt, half-built Oceanwide Plaza in the middle of Downtown Los Angeles says the property has drawn two viable bidders in coming months, The Real Deal has learned. That’s down from a list of 17 interested parties ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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  • Recent Posts

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