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Youngest billionaire Lucy Guo buys Bird Street mansion for $30M

Tech mogul Lucy Guo — recently crowned the world’s youngest self-made woman billionaire at 30 — has expanded her housing portfolio by buying a nearly $30 million mansion in Los Angeles’ Bird Streets neighborhood.  The California native ...

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  • 11 Aug
  • The Real Deal
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Rodeo Drive retail sells for $400M-plus

A Tom Ford, Moncler and Balenciaga-leased property on Rodeo Drive sold for more than $400 million.  Ronan McNamee’s ECA Capital Limited was the seller. The company purchased the 28,000-square-foot property at 338 North Rodeo Drive for ...

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  • 09 Aug
  • The Real Deal
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AECOM to Palisades: “We’re based in Los Angeles”

Want to see what prepared looks like? Take a glance at the AECOM presentation given to Pacific Palisades residents Thursday evening during an over two-hour community meeting. Specific actions and timelines for deliverables were offered ...

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  • 09 Aug
  • The Real Deal
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Jim Carrey sells Brentwood estate for $17M

At last, Jim Carrey has found a buyer for his ranch-style abode in Brentwood. The deal closed Friday, according to people with knowledge of the transaction, for $17 million. That’s about a 41 percent discount from Carrey’s original ask ...

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  • 08 Aug
  • The Real Deal
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Mack Real Estate gets OK for residential high-rise in DTLA

Mack Real Estate Development, the development subsidiary of Mack Real Estate Group, has received the go-ahead from the Los Angeles City Council for a 51-story residential high-rise in Downtown Los Angeles.  The proposed tower at ...

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  • 08 Aug
  • The Real Deal
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$500, $600… $800 psf? Builders battle over wildfire rebuilding costs

Gary Mkrtichyan said his construction company Opus Builders receives two to three calls per day from prospective wildfire rebuilding clients. He’s got about a dozen Altadena homeowners he’s working with but thinks that could easily ...

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  • 08 Aug
  • The Real Deal
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Sentinel Real Estate picks up Inland Empire apartment complex for $148M

A recently built Inland Empire apartment community has a new owner after a nearly $150 million sale.  New York-based Sentinel Real Estate Corporation bought The Venue at Orange complex for $148.4 million, L.A. Business First reported. ...

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  • 08 Aug
  • The Real Deal
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Rodeo Drive retail property fetches record $400M

A Rodeo Drive property that is leased to Tom Ford, Moncler and Balenciaga stores has sold for over $400 million, sources with knowledge of the deal told The Real Deal. The transaction, which amounts to $14,228 per square foot, is ...

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  • 07 Aug
  • The Real Deal
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Caruso offers $1M in grant funds for burned small businesses across LA

Businessman and former mayoral candidate Rick Caruso is coming to the aid of Los Angeles wildfire victims with a new Small Business Initiative. Caruso’s Steadfast L.A. nonprofit announced the effort to financially help retailers, ...

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  • 07 Aug
  • The Real Deal
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Inland Empire industrial vacancy rate hits 15-year high

The dropoff in demand for industrial space in the Inland Empire has left some landlords scrambling.  Tenants in the I.E., the Western U.S.’ most active warehouse and logistics hub, have vacated 4 million square feet more than they ...

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  • 07 Aug
  • The Real Deal
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