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What’s next for distress after dumped deals downtown L.A.?

Weeks ago The Real Deal broke the story that a deal to sell the Brookfield-owned EY Plaza to Adam Rubin and Andrew Shanfeld fell through, putting the non-preforming loan tied to the 920,000-square-foot tower back on the market. Then ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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Brad Pitt sells Los Feliz “Steel House” in off-market deal

And the seller is …   Brad Pitt, who closed on the sale of his Los Feliz Mid-century Modern pad on Friday, The Real Deal has learned. The Los Angeles home, dubbed The Steel House for its steel frame, was being shopped around by the ...

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  • 12 Sep
  • The Real Deal
  • Uncategorized
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Surfs up for Goldman Sachs, Peachtree Group on SoCal hotel refis

Pacifica Hotels has received a nine-figure refinancing package for a portfolio of seven Southern California hotels.  Goldman Sachs supplied a five-year, fixed-rate commercial mortgage-backed securities loan for six of the hotels, while ...

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  • 12 Sep
  • The Real Deal
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Maxxam’s Santa Monica mixed-use threatened with $90M default

The $90 million commercial mortgage-backed securities debt connected to a mixed-use property on Third Street Promenade landed in special servicing before its December maturity date due to imminent monetary default, according to ...

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  • 12 Sep
  • The Real Deal
  • Uncategorized
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Carolwood’s Parnes & Harris split, head for “next chapter”

Star agents David Parnes and James Harris are calling it quits as business partners but will remain with Beverly Hills boutique brokerage Carolwood Estates. Parnes and Harris helm the 11-agent Bond Street Partners team at Carolwood and ...

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  • 12 Sep
  • The Real Deal
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$50M refi on Santa Ana multifamily latest in OC for Advanced Real Estate

Northmarq and Advanced Real Estate are continuing their refinancing partnership with a new deal in Orange County.  Minneapolis-based Northmarq originated a $50.1 million Freddie Mac refinancing loan tied to River House Apartment Homes ...

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  • 12 Sep
  • The Real Deal
  • Uncategorized
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Measure ULA drives developers out of LA

“The math ain’t mathing,” said Chris Tourtellote, managing director at Marina Del Rey-based LaTerra Development, on developing new apartment buildings in the City of Los Angeles. That sums up the seeming political impetus for a state ...

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  • 12 Sep
  • The Real Deal
  • Uncategorized
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Garbage back at “Trash House” after city-led cleanup

Los Angeles’ infamous “Trash House,” previously freed of debris and detritus, is once again covered in garbage.  A year after residents in the Fairfax District complained about piles of trash at a home on Martel Avenue, it has once ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Lakers’ Luka Dončić Snaps Up Manhattan Beach home of Maria Sharapova for $25M

Manhattan Beach got some star power to go along with its most expensive home sale ever, as Los Angeles Lakers point guard Luka Dončić dropped $25 million for tennis star Maria Sharapova’s former pad. The home in the city’s Hill Section ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Q&A: La Cañada Flintridge a poster child for builder’s remedy

La Cañada Flintridge, in the foothills of the San Gabriel Valley’s Verdugo Mountains, is home to NASA’s Jet Propulsion Laboratory and Descanso Gardens. It also contains the 1.3-acre site of a battle over housing that’s become a case ...

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  • 11 Sep
  • The Real Deal
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  • Recent Posts

    • What’s next for distress after dumped deals downtown L.A.? September 13, 2025
    • Brad Pitt sells Los Feliz “Steel House” in off-market deal September 12, 2025
    • Surfs up for Goldman Sachs, Peachtree Group on SoCal hotel refis September 12, 2025
    • Maxxam’s Santa Monica mixed-use threatened with $90M default September 12, 2025
    • Carolwood’s Parnes & Harris split, head for “next chapter” September 12, 2025
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