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Fullerton Metrocenter sells for $118.5M

Mark Moshayedi’s Space Investment Partners purchased the Fullerton Metrocenter for $118.5 million.  Space Investment Partners nabbed the property at 1307-1447 South Harbor Boulevard from Kite Realty Group, which acquired it in 2021 for ...

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  • 10 Jul
  • The Real Deal
  • Uncategorized
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Newsom commits $101M of state money for new affordable housing

The state of California is looking to swoop in and help build affordable rental housing in areas burned by the Los Angeles wildfires.  Gov. Gavin Newsom has tapped the California Department of Housing and Community Development to ...

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  • 10 Jul
  • The Real Deal
  • Uncategorized
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PIMCO co-founder’s son in contract to sell West Hollywood Edition penthouse listed for $14M

Proponents of L.A.’s luxury condo market may have just scored another win. Penthouse B at the West Hollywood Edition found a buyer last week to also make it the seven-day period’s top signed contract based on asking price, according to ...

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  • 10 Jul
  • The Real Deal
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Inglewood poised to get 571-townhome development near Hollywood Park

The city of Inglewood is poised to get nearly 600 new townhomes near the sprawling Hollywood Park entertainment hub.  An environmental report published by the city shows that HAS INDW Property Owner LLC has applied to build 571 ...

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  • 10 Jul
  • The Real Deal
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Douglas Emmett founder asks $59M for Brentwood manse

The founder of Douglas Emmett Realty Advisors has placed his Brentwood home on the market for $58.5 million, making it the Los Angeles neighborhood’s most expensive current listing.  The home last sold in December 2020 for $20 million ...

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  • 10 Jul
  • The Real Deal
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Office market continues heating up as deals hit $40B 

The U.S. office market posted its fourth consecutive quarterly decline in vacancy rates, signaling strong recovery momentum. Vacancy fell to 23.2 percent in the second quarter, dropping 15 basis points from the prior quarter, according ...

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  • 10 Jul
  • The Real Deal
  • Uncategorized
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Pasadena Office Tower loses 60% of value over 10 years

A new appraisal slashed the value of Albert Taban and Michael Pashaie’s Pasadena Office Tower by more than half as tenants flee the property. The nine-story tower at 150 South Los Robles Avenue was reappraised at $23 million, a 59 ...

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  • 09 Jul
  • The Real Deal
  • Uncategorized
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Jamison looks for buyer after $35M default on LA offices

Jamison Properties is offloading a distressed office building in Downtown Los Angeles in the latest sign of the office market’s post-pandemic doldrums.  The Koreatown-based company has listed the more than 337,000-square-foot building ...

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  • 09 Jul
  • The Real Deal
  • Uncategorized
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Tinder co-founder swipes right on LVMH hotel in Santa Barbara

LVMH Moët Hennessey Louis Vuitton SE, the French luxury conglomerate behind some of fashion’s biggest brands, is selling its only hotel in the U.S. El Encanto, a 90-room luxury hotel in Santa Barbara, is being purchased by a joint ...

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  • 09 Jul
  • The Real Deal
  • Uncategorized
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Former century-old nursery in Hawthorne slated to become townhomes

The famed Hawthorne Nursery closed its greenhouse doors for good in February, marking the end of a 98-year era in the South Bay city. Now, that site is in the process of becoming a new housing development.  Crews are clearing the two ...

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  • 09 Jul
  • The Real Deal
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  • Recent Posts

    • Fullerton Metrocenter sells for $118.5M July 10, 2025
    • Newsom commits $101M of state money for new affordable housing July 10, 2025
    • PIMCO co-founder’s son in contract to sell West Hollywood Edition penthouse listed for $14M July 10, 2025
    • Inglewood poised to get 571-townhome development near Hollywood Park July 10, 2025
    • Douglas Emmett founder asks $59M for Brentwood manse July 10, 2025
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