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Development site next to LA Live lists for $100M

The sky is the limit for a 2.3-acre open patch of the downtown Los Angeles entertainment district. That is provided someone buys the billing behind the $100 million listing that just hit the market, The Real Deal has learned. The ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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State pols seek change to cut Measure ULA for multifamily 

California legislators are looking to stop some of the bleeding brought on by Measure ULA, or the so-called “mansion tax” in the City of Los Angeles. On Tuesday, lawmakers released a bill that seeks to cut tax rates for some newly ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Intercontinental breaks into self-storage sector with $27M Santa Clarita purchase

Intercontinental Real Estate Corporation is breaking into a new market sector.  The Boston-based real estate investment firm, in a joint venture with Marina del Rey-based LaTerra Development, acquired EZ Access Self Storage in Santa ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Long Beach warehouse lists for $88M amid lull on tariff tumult

A publicly traded real estate investment trust is taking the pause in the tumult over tariffs as an opportunity to unload a decades-old asset in Long Beach  EastGroup Properties is asking $87.6 million for the 261,500 square-foot ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Koreatown parking-to-ADU conversion sparks tenant protests 

Tenants in a Koreatown apartment building have staged a protest after the landlord proposed replacing parking garage spaces with accessory dwelling units.  Residents of the 22-unit building at 501 South Kingsley Drive are standing up ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Inland California beats coastal markets in attracting investor homebuyers

Coastal California might be one of the country’s most desirable locations to buy a home, but investors in the Golden State are fleeing inland in search of deals.  From the beginning of 2024 through this June, seven of California’s 10 ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Long Beach senior housing development gets $80M financing boost

A planned luxury senior housing community in Long Beach has received an $80 million tranche of financing.  Sunrise Senior Living and Quality Senior Housing Foundation have secured the tax-exempt bond financing for Sunrise of Long ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Jamison faces downtown office foreclosure after sale collapsed

Foreclosure is underway for the Jamison Properties-owned office building at 811 Wilshire Boulevard, after the landlord defaulted on debt connected to the property and a deal to sell it fell apart.   Jamison had a buyer under contract ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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Trump orders secrecy on $500M vets housing project at Westwood VA LOCAL

President Trump’s planned veteran housing community in West Los Angeles is moving forward under a shroud of secrecy. The Department of Veterans Affairs is purportedly requiring everyone associated with the project’s planning, including ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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Corinthia’s Beverly Hills spree snares priciest office deal this year

Corinthia Hotels International is growing its planned redevelopment portfolio in Beverly Hills.  An entity affiliated with the Malta-based hotel owner and manager bought the office building at 9800 Wilshire Boulevard and an adjoining ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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