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LA signed resi contracts volume jumps over 300% as “Entourage House” finds buyer

The hillside estate of “Entourage”’s fictional movie star Vincent Chase has found a buyer. Nestled in the Bird Streets neighborhood, the estate at 9050 Oriole Way neighbors Leonardo DiCaprio’s home and is listed for nearly $25 million. ...

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  • 14 Jul
  • The Real Deal
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California to create new housing agency to meet shortage crisis

California is poised to get a new state agency focused exclusively on housing issues.  Legislators in the Golden State, which has become the nation’s housing shortage hotbed over the years, had until July 4 to veto Gov. Gavin Newsom’s ...

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  • 14 Jul
  • The Real Deal
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Irvine voters could strike down Irvine Company’s golf course conversion

Irvine Company’s planned project to turn a golf course site in Irvine into housing could come before voters at some point in the future.  Irvine City Council members are currently considering putting the redevelopment of Oak Creek Golf ...

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  • 14 Jul
  • The Real Deal
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Crescent Heights plans LA’s biggest condo conversion project in 52 years

Los Angeles could be poised to see its biggest condominium conversion project in decades if Crescent Heights gets its way.  The Miami-based developer has filed an application with the city of Los Angeles to convert Ten Thousand, a ...

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  • 14 Jul
  • The Real Deal
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Pasadena Office Tower loses more than half its value in a decade, worth less than debt tied to it

There was lots of distress throughout Los Angeles this week.    Let’s start with the Pasadena Office Tower. The nine-story tower at 150 South Los Robles Avenue was reappraised at $23 million, a 59 percent decrease from its appraisal a ...

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  • 12 Jul
  • The Real Deal
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Newsom: Eaton Fire utility lawsuits could stretch already “stressed” California Wildfire Fund

Any anniversary is a good time for reflection. California Gov. Gavin Newsom was in Pasadena on July 7, along with Los Angeles County Supervisor Kathryn Barger, U.S. Senator Alex Padilla and other state and local leaders. They were ...

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  • 12 Jul
  • The Real Deal
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DTLA’s One California Plaza value plummets 74%, lands in foreclosure

After landing in special servicing due to imminent monetary default last year, Rising Realty Partners’ One California Plaza in Downtown Los Angeles is in foreclosure, according to Trepp. The Class A office property’s appraised value ...

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  • 11 Jul
  • The Real Deal
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Los Angeles city planners give blessing to DTLA mixed-use complex

A new hotel and residential complex in Downtown Los Angeles is heading toward construction.  The Los Angeles City Planning Commission has given the green light to a proposal from L.A.-based Jade Enterprises to build the South Park ...

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  • 11 Jul
  • The Real Deal
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Residential Movers & Shakers: Brian Sperry shuffles from Coldwell Banker to Compass

Maybe everyone’s on vacation but recruiting in Los Angeles has been quiet for the broader residential real estate industry more recently. Still, Compass landed Brian Sperry, who bounced back to the brokerage from Coldwell Banker ...

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  • 11 Jul
  • The Real Deal
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Silver Creek lands $71M for distressed Sunset Strip mixed-use development

Silver Creek Development has brought its luxury mixed-use plans for the Sunset Strip back from the dead.  The Scottsdale, Arizona-based developer secured a $71 million loan from Centennial Bank and Crestline Investors for its 8850 ...

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  • 11 Jul
  • The Real Deal
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  • Recent Posts

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