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Rockpoint selling City of Industry warehouse for $96M

Boston-based real estate private equity firm Rockpoint is selling the planned site of a 213,500-square-foot warehouse complex in the City of Industry for $96.1 million, more than double what it paid for the asset less than two years ...

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  • 13 Feb
  • The Real Deal
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Bird Streets manse swoops in with $73M ask

A contemporary spec home has hit the Bird Streets for $72.5 million, marking one of the most expensive listings currently on the market in Los Angeles.  The Paul McClean-designed mansion at 9006 Thrasher Avenue comes in at ninth among ...

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  • 13 Feb
  • The Real Deal
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Shopoff snags $61M loan for homes, hotel in Huntington Beach

Shopoff Realty Investments has scored a $60.9 million loan to build 250 homes and a 215-room boutique hotel atop a former oil tank farm in Huntington Beach. The Irvine-based developer led by Bill Shopoff secured the senior mortgage ...

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  • 13 Feb
  • The Real Deal
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Amcal proposes 64-unit affordable senior housing in Eagle Rock

Amcal Multi-Housing hopes to build a 64-unit affordable housing complex for seniors in Eagle Rock. The unit of Agoura Hills-based Amcal led by Percy Vaz filed plans to build the two-building complex at 4900 North Eagle Rock Boulevard, ...

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  • 12 Feb
  • The Real Deal
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Land Trust, USA Properties buy $27M Irvine office building

Nonprofit Irvine Community Land Trust and developer USA Properties have paid $26.5 million for a 70,000-square-foot office building in Irvine, with plans to turn it into affordable apartments. The pair bought the two-story building at ...

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  • 12 Feb
  • The Real Deal
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Justice Dept. draws bold city attorney from Huntington Beach

The U.S. Department of Justice has plucked a right-wing city attorney from Huntington Beach who tussled with Sacramento over housing requirements to serve its civil rights division. Michael Gates, who for the past decade has helped the ...

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  • 12 Feb
  • The Real Deal
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LA condo contracts rise to $32M in asking dollar volume

Los Angeles’ condominium market woke up from its slumber last week. Four condos, equating to asking dollar volume of $31.6 million, went into contract last week, according to Douglas Elliman’s Eklund Gomes team. The contract count is ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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UCLA to offer master’s program in real estate development

UCLA, after more than a century of Los Angeles development and urban sprawl, has launched a Master of Real Estate Development program. The Westwood-based University of California campus and the UCLA Luskin School of Public Affairs will ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Olson Homes hopes to build 40 townhomes in Whittier

Olson Homes wants to build 40 townhomes across from a courthouse in Whittier. The Seal Beach-based developer led by Scott Laurie has filed plans to build the three-story homes at 7336-7362 Painter Avenue and 13412-13420 Franklin ...

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  • 12 Feb
  • The Real Deal
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Millennium plans retail-to-resi tower conversion on Wilshire 

The same New York-based developer that walked away from a massive mixed-used project next to Hollywood’s famous Capital Records building without comment last year has set its sights on a prime corner of Beverly Hills for a residential ...

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  • 12 Feb
  • The Real Deal
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