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Caruso opines “time to turn LA around” as chatter mounts over developer’s political ambitions

“LA is not okay,” developer Rick Caruso posted to X on Thursday. “People are losing hope in their own city and that should concern all of us,” he went on to write. “It’s time to fix this. It’s time to turn LA around.” They were choice ...

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  • 19 Apr
  • The Real Deal
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LA’s trophy office market softens despite flight to quality

The top-tier office market in Los Angeles is showing signs of strain, as rising vacancies and continued downsizing among major tenants paint a challenging picture for landlords. The Class A office vacancy rate in L.A. hit 23.6 percent ...

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  • 18 Apr
  • The Real Deal
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Rexford sells 102K sf industrial building in Lake Forest for $51M

Rexford Industrial Realty sold a 102,300-square-foot industrial building in Lake Forest for $50.9 million. The Sawtelle-based real estate investment trust traded the two-story building at 20 Icon, in Foothill Ranch, the Los Angeles ...

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  • 18 Apr
  • The Real Deal
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How Kingsbarn revived $105M Skims Hollywood HQ deal

All’s well that ends well in Hollywood. Kim Kardashian’s voguish shapewear startup Skims is mending the seams with its new Hollywood landlord, Kingsbarn Realty Capital, after the private equity firm brought a zombie deal back to life. ...

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  • 18 Apr
  • The Real Deal
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SoCal home sales stall during economic uncertainty over tariffs, stock market

Home sales have flattened and bidding wars have become scarce across Southern California in the wake of national trade tariffs and a rocky stock market. Sales tallies show that 11,966 homes changed hands across the six-county region in ...

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  • 18 Apr
  • The Real Deal
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Tariff uncertainty clouds LA wildfire rebuild efforts

Builders across Los Angeles County are grappling with rising costs and economic uncertainty as they work to rebuild tens of thousands of homes destroyed by wildfires.  Trade policies instituted by President Donald Trump, especially new ...

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  • 17 Apr
  • The Real Deal
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Washington Prime to sell its share of 1.2M sf Westminster Mall

Washington Prime Group has put the remainder of its troubled Westminster Mall up for sale as it offloads its entire mall portfolio. The Ohio-based investor has listed its share of the 1.2-million-square-foot indoor mall at 1025 ...

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  • 17 Apr
  • The Real Deal
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Tavangarians leave Beverly Hills Estates, bring $177M Villa Siena listing to Carolwood

Carolwood Estates landed the Tavangarian team, with the daughters of the famed spec developer bringing a $177 million co-listing to the Beverly Hills brokerage. The move from the Beverly Hills Estates by Shana Tavangarian and Emila ...

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  • 17 Apr
  • The Real Deal
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Newport Beach City Council sticks with housing plan over nature center

The city of Newport Beach has stood fast on a plan to build homes next to a beloved preschool. The City Council rebuffed a request by Council member Erik Weigand to consider removing a 1.5-acre site once occupied by Newport Bay ...

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  • 17 Apr
  • The Real Deal
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“Money circling around” as Altadena burned lot sales outpace Palisades

More than half of the burned lots listed in Altadena have been sold so far as activity ramps up across neighborhoods razed by January’s wildfires. That’s according to Pacific Palisades brokerage owner Anthony Marguleas of Amalfi ...

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  • 17 Apr
  • The Real Deal
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