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State Farm approved for 17% rate hike amid California “insurance crisis”

Homeowners will bear the brunt of responsibility in shoring up the financial gaps for State Farm General after the California insurance commissioner sided with an administrative law judge ruling to allow an emergency 17 percent rate ...

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  • 13 May
  • The Real Deal
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Optimus scores $22M refinancing for South LA shopping center

Optimus Properties has landed a $21.5 million loan to refinance a 77,100-square-foot shopping center in South Los Angeles for $292 per square foot — double what some Class A offices fetch in Downtown L.A. The Century City-based secured ...

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  • 13 May
  • The Real Deal
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Landmark, Stockbridge drop $100M for student housing properties near USC

Landmark Properties and Stockbridge Capital Group have joined forces on a $100 million deal to buy two student apartment complexes in University Park, near University of Southern California.  Georgia-based Landmark and San ...

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  • 13 May
  • The Real Deal
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Late philanthropist couple’s Bel-Air manse listed for $35M goes into contract

A Bel-Air estate owned by a trust tied to local philanthropists served as last week’s top home that went into contract, with a $34.8 million asking price.  That’s according to a report from Douglas Elliman’s Eklund Gomes team, which ...

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  • 13 May
  • The Real Deal
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Apollo’s $1.2B buyout takes Landsea Homes private

A Dallas-based homebuilder with a growing Texas presence will be acquired by the New Home Company in a $1.2 billion all-cash transaction. Irvine, California–based New Home is acquiring Landsea Homes at $11.30 per share, the Orange ...

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  • 13 May
  • The Real Deal
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Corona del Mar market heats up with $25M trade

Corona del Mar’s luxury residential market is on a tear. A home once owned by Roth Capital Partners executive chair Byron Roth traded for $24.5 million in the off market to claim a new record for the Newport Beach neighborhood’s Cameo ...

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  • 13 May
  • The Real Deal
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Altadena businesses left to handle fire cleanup without fed help

As the federal government helps Altadena residents clear away their burned out homes after the Eaton Fire, local business owners have been left holding the ashes.  While the Federal Emergency Management Agency has authorized the U.S. ...

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  • 13 May
  • The Real Deal
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Late Quincy Jones’ manse in Bel-Air seeks $60M

A 25,000-square-foot mansion in Bel-Air owned by the late Quincy Jones has hit the market for nearly $60 million. The longtime estate of the Grammy-winning record producer and composer behind Michael Jackson’s “Thriller” is up for sale ...

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  • 12 May
  • The Real Deal
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Mystery buyer of $51M warehouse in Lake Forest revealed

The mystery buyer that paid $50.9 million for a 102,300-square-foot distribution warehouse in Lake Forest last month has been identified as a unit of France-based Engie. An affiliate tied to Engie Resources engine supplier bought the ...

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  • 12 May
  • The Real Deal
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Trump orders VA to build 6K homes for veterans in West LA

President Donald Trump has sided with military veterans in their battle to force the U.S. Department of Veterans Affairs to build homeless housing at its West Los Angeles campus. The president signed an executive order directing the VA ...

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  • 12 May
  • The Real Deal
  • Uncategorized
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