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Douglas Emmett plans Westwood office-to-residential conversion 

Douglas Emmett is turning a Westwood office building to residences, the company announced during its second-quarter earnings call Wednesday. The real estate investment trust reported that it plans to turn the office tower it purchased ...

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  • 06 Aug
  • The Real Deal
  • Uncategorized
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LA’s signed contracts slide to $127M in asking volume

Which way is Los Angeles residential’s high end going? It’s hard to say and the latest data comprising the Eklund Weekly Luxury Report Los Angeles from Douglas Elliman’s Eklund Gomes team indicates a mixed bag. The report, which is ...

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  • 06 Aug
  • The Real Deal
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Milligan family sells Ventura County’s Hitch Ranch for $59M

The Milligan clan sold a massive Ventura County site that has been in limbo for decades to Hearthstone for $59.4 million, according to property records and a source involved in the project. The price for the 271-acre site amounts to ...

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  • 06 Aug
  • The Real Deal
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LA County fire rebuilding report calls for $50M in funds for homeowners, streamlined permitting processes

Los Angeles County has unveiled its plan to help rebuild unincorporated areas torched by  wildfires early this year.  The new L.A. County Forward: Blueprint for Rebuilding plan details how officials and residents can rebuild in a ...

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  • 06 Aug
  • The Real Deal
  • Uncategorized
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60% of California’s international homebuyers hail from Asia, Oceania: report

Nearly 60 percent of international homebuyers in California hail from Asia or Oceania, according to a new National Association of Realtors report. Fifteen percent of foreign buyers who purchased a residential property in the U.S. ...

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  • 06 Aug
  • The Real Deal
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Spec developer asks $38M for 14-bath Brentwood contemporary

Spec developer David Maman has placed his latest creation, with views of the Getty Center and Downtown Los Angeles, on the market for $38 million. David Maman Design and Development is the builder and seller behind the nine-bedroom, ...

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  • 06 Aug
  • The Real Deal
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Provident Financial renews 17K sf HQ lease at Swig building in Santa Monica

Provident Financial Management has re-upped its lease with The Swig Company for its headquarters in Santa Monica.  The financial firm renewed its lease for its headquarters across 17,000 square feet on the top floor of the office ...

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  • 06 Aug
  • The Real Deal
  • Uncategorized
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Hudson Pacific posts $83M loss in Q2 

Hudson Pacific Properties’ losses deepened in the second quarter.  The Los Angeles-based real estate investment trust reported a loss of $83 million compared to a roughly $75 million loss the prior quarter and a $47 million loss a year ...

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  • 05 Aug
  • The Real Deal
  • Uncategorized
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Brad Pitt shells out $12M for pad in Hollywood Hills

Brad Pitt can pack up the moving truck after closing on a Hollywood Hills home for $12 million, The Real Deal has learned. The “F1 The Movie” star got a deal on the property, which was originally listed for just under $14 million, ...

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  • 05 Aug
  • The Real Deal
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Bjarke Ingels’ Arts District mixed-use development gets LA City Council nod

Danish architect Bjarke Ingels is set to leave his mark on Los Angeles’ Arts District.  The Los Angeles City Council has given the green light for a mixed-use high-rise development at 670 Mesquit Street, Urbanize Los Angeles reported. ...

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  • 05 Aug
  • The Real Deal
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