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Chinese investor buys Brookfield’s 777 Tower in Downtown LA for $120M

A Chinese investor has bought the troubled 777 Tower in Downtown Los Angeles for $120 million. The unidentified buyer paid cash for the 1 million-square-foot, 52-story skyscraper at 777 South Figueroa Street, in the Financial District, ...

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  • 24 Jul
  • The Real Deal
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Film producers list historic Yamashiro restaurant site in Hollywood

A limited liability company tied to movie producers Steven Markoff and Elie Samaha has listed a hilltop perch containing the landmark Yamashiro restaurant in Hollywood. Samaka, based in Santa Monica, has put the 110-year-old Japanese ...

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  • 24 Jul
  • The Real Deal
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Mystery buyer from South Korea pays $122M for two OC golf courses

A company tied to a Korean family has bought two country clubs in south Orange County for $121.6 million. Irvine-based STI USA, linked to the unidentified family that owns a mystery multinational conglomerate based in South Korea, ...

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  • 24 Jul
  • The Real Deal
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Stalking horse bidder for LA’s Oceanwide Plaza falls through

A stalking horse bidder for Oceanwide Plaza has fallen through.  A group that was “identified” as a potential stalking horse bidder “did not meet deadlines” to submit a bid, according to lawyers for Oceanwide Plaza, speaking at a court ...

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  • 23 Jul
  • The Real Deal
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EGC taps new law to upsize apartment project in LA’s Harvard Heights

EGC Real Estate Group has cited a new state density bonus law to plan a larger apartment complex in L.A.’s Harvard Heights. The Hidden Hills-based developer led by Eitan Gonen has employed Assembly Bill 1287 to file revised plans to ...

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  • 23 Jul
  • The Real Deal
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Regency to close two historic movie houses in Westwood Village

Two Westwood Village movie theaters that lit up their silver screens during the Great Depression will shut their doors. Regency Theatres will close the Regency Village Theatre, the landmark movie house also known as the Fox Village ...

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  • 23 Jul
  • The Real Deal
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Manhattan Beach home tops LA County’s residential contracts list

Forget about an off season for the South Bay’s residential market. The regional market, about 20 miles south of downtown Los Angeles, accounted for last week’s two largest signed contracts, according to Eklund-Gomes’ weekly luxury ...

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  • 23 Jul
  • The Real Deal
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Doctor prescribes 18 apartments near Cedars-Sinai Medical Center 

A Beverly Hills doctor wants to transform a commercial strip across from Cedars-Sinai Medical Center in Beverly Grove into a five-story apartment complex and medical office building. Dr. Peyman Banooni, an obstetrician-gynecologist ...

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  • 23 Jul
  • The Real Deal
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Stalking horse offers $500M for abandoned Oceanwide Plaza in DTLA

A stalking-horse buyer has offered $500 million for the abandoned Oceanwide Plaza in Downtown Los Angeles. An unidentified Los Angeles developer is in talks to buy the trio of half-completed condo and hotel towers at 1101 South Flower ...

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  • 22 Jul
  • The Real Deal
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Rexford weathers industrial slump by focusing on smaller warehouses

Rexford Industrial Realty knows something other industrial landlords may not: smaller boxes means fuller boxes. The Los Angeles-based real estate investment trust is weathering a national warehouse slump by focusing on smaller ...

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  • 22 Jul
  • The Real Deal
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