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CGI+ offloads 5-acre Torrance development site to JPI for $40M

CGI+ Real Estate Strategies, the multifamily investment firm founded by Gidi Cohen, has sold a fully entitled Los Angeles development site to JPI for $40 million, The Real Deal has learned. The 4.9-acre, shovel-ready property, at ...

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  • 30 Jun
  • The Real Deal
  • Uncategorized
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Fast-track to recovery: Case Study 2.0 offers blueprint for LA’s wildfire rebuild

An old idea just got a new life as architects and builders think about how to best — and quickly — rebuild Altadena, Pacific Palisades and Malibu after January’s wildfires. Los Angeles land use firm Crest Real Estate assembled over 40 ...

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  • 28 Jun
  • The Real Deal
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Los Angeles office market draws law, finance firms as tech, entertainment retreat

Los Angeles might be known for entertainment and technology, but over the past year, those industries have given way to other types of companies when it comes to taking office space.  Since last year, office absorption in L.A. has ...

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  • 27 Jun
  • The Real Deal
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JRK Property grabs Sherman Oaks apartments in $300M bicoastal deal 

JRK Property Holdings is adding a Sherman Oaks apartment complex to its portfolio as part of a more than $300 million deal.  The Los Angeles-based investment firm spent a combined $315 million on the Chase Knolls apartments in Sherman ...

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  • 27 Jun
  • The Real Deal
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Tinder co-founder makes match with $69M retail buy in Hollywood

Tinder co-founder Justin Mateen is growing his retail holdings in Los Angeles with a new acquisition on the Hollywood Walk of Fame.  Justin Mateen, along with his brother Tyler Mateen, bought the Hollywood Galaxy shopping center and ...

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  • 27 Jun
  • The Real Deal
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Retired MLB player Joey Votto in contract on Hermosa Beach home

Former Cincinnati Reds slugger Joey Votto’s looking to leave behind his Hermosa Beach pad, which topped L.A. County’s signed contracts last week.   The coastal modern-inspired home at 1932 The Strand is listed for $14.5 million and ...

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  • 26 Jun
  • The Real Deal
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Apparel, hair care companies flee California for new red-state HQs

Apparel company Kellwood and hair care product giant Paul Mitchell are the latest companies to flee California and relocate their headquarters to red states.  Kellwood just purchased a 19-story office building in downtown Phoenix for ...

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  • 26 Jun
  • The Real Deal
  • Uncategorized
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Kroger to close 60 Ralphs, Food 4 Less locations across US

California-based supermarkets Ralphs and Food 4 Less will be closing 60 locations across the country over the next year and a half.  Kroger, parent company of the Compton-headquartered grocery chains, announced plans for the closures ...

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  • 26 Jun
  • The Real Deal
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Los Angeles City Council approves long-delayed Arts District development

A proposal for a mixed-use development in Los Angeles’ Arts District is moving forward eight years after it was originally floated.  The Los Angeles City Council has approved Maxxam Enterprises’ plans to replace a single-story ...

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  • 26 Jun
  • The Real Deal
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CIM trades The Lot at Formosa to sidecar fund for $230M

Shaul Kuba, Richard Ressler and Avi Shemesh’s CIM Group sold an 11-acre West Hollywood studio campus to its favorite client: itself. CIM CFO David Thompson signed the deal to trade the recently revamped 107-year-old complex known as ...

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  • 25 Jun
  • The Real Deal
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  • Recent Posts

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