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Texas buyer pays Redcar $36M for year-old Chinatown timber office

A Texas investor snapped up a Los Angeles adaptive-reuse project a year after it was delivered.  Houston-based investment firm Civicap Partners bought Redcar Properties’ 122,700-square-foot office and retail building at 843 North ...

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  • 20 Oct
  • The Real Deal
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Focus on TRD Data: Malibu Colony home sold at $9M profit tops city’s sales

An estate in the exclusive Malibu Colony took the top spot among Malibu’s single-family sales this year, closing at $26.8 million, according to the latest Los Angeles County tax assessor data, which runs through Aug. 25. The ...

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  • 20 Oct
  • The Real Deal
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EY Plaza’s value continues to crash

EY Plaza can’t catch a break, or at least its lenders can’t.  It wasn’t enough for a deal to purchase the distressed downtown office tower to fall apart, no, its value also took a hit. It’s now worth about $135 million, down about 10 ...

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  • 19 Oct
  • The Real Deal
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SB 79: LA’s next development shockwave?

Will Senate Bill 79 be the new builder’s remedy for developers? It appears that it could be. This may be why there was a scramble by the city of Los Angeles to push back on the transit-oriented housing bill after Gov. Gavin Newsom ...

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  • 18 Oct
  • The Real Deal
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LA landlord Gerald Marcil among investors accused of bait-and-switching banks

The man who made Jamie Dimon worry about a wave of commercial mortgage fraud is a California multifamily player and big-time Republican donor, Gerald Marcil, who is now facing serious legal allegations. Marcil was among the defendants ...

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  • 17 Oct
  • The Real Deal
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Historic LA Coca-Cola building to get makeover ahead of World Cup, Special Olympics

The Coca-Cola Building in downtown Los Angeles is gearing up for a major makeover. Reyes Coca-Cola Bottling plans to refresh both the exterior and interior of its bottling facility at 1334 South Central Avenue, Urbanize Los Angeles ...

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  • 17 Oct
  • The Real Deal
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Feds charge SoCal real estate execs with homeless fund fraud

Federal authorities charged two Southern California real estate executives in separate schemes that allegedly stole millions of dollars in public funds intended to fight homelessness. The U.S. Attorney’s Office said Brentwood developer ...

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  • 17 Oct
  • The Real Deal
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Builder’s remedy hasn’t beaten all the fight out of Beverly Hills

The City of Beverly Hills is preparing for a showdown with Max Netty’s Soundview Investment over a proposed builder’s remedy development just south of the famous Rodeo Drive luxury shopping street. The city has received “a written ...

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  • 17 Oct
  • The Real Deal
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Builders remedy rolls forward in Beverly Hills

More builder’s remedy projects in Beverly Hills are moving forward after additional approvals from the Beverly Hills Planning Commission.  On Tuesday, the city’s Planning Commission gave the green light to two builder’s remedy projects ...

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  • 16 Oct
  • The Real Deal
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LA orders landlord to clean up mobile-home park after FEMA denial

The Pacific Palisades Bowl Mobile Home Estates community is still a mess nine months later, while the rest of the Palisades burn zone has been cleaned up.  The Federal Emergency Management Agency refused to include the 170-unit mobile ...

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  • 16 Oct
  • The Real Deal
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