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Merlone Geier buys Ralphs-anchored Stevenson Ranch mall for $58M

Retail developer Merlone Geier has acquired Stevenson Ranch Plaza, an outdoor mall in the Santa Clarita Valley anchored by a Ralphs supermarket, for $57.8 million, The Real Deal has learned.  The property, with the addresses of 24917, ...

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  • 19 Nov
  • The Real Deal
  • Uncategorized
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LA rezoning fails to take feasibility into account, UCLA report finds

Home builders across Los Angeles are falling far short of a housing goal set by the state. A City Council committee is poised to consider a plan to rezone the city for 255,000 more homes by 2029, while developers aren’t able to keep ...

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  • 19 Nov
  • The Real Deal
  • Uncategorized
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Del Mar beach house asks $75M in market’s priciest listing

A Del Mar beach house with superyacht design cues has hit the market for $75 million, marking the priciest listing in the seaside resort. The oceanfront property, less than two miles from the Del Mar racetrack, is at 2920 Camino Del ...

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  • 19 Nov
  • The Real Deal
  • Uncategorized
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Economics points Buchanan Street to self-storage project in the IE

One OC developer has decided to deal with current economics by focusing on one asset class: self-storage. Buchanan Street Partners has bought a medical office building in the Inland Empire with plans to replace it with a ...

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  • 19 Nov
  • The Real Deal
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With Prop. 34, California landlords notch last victory against AHF

California landlords may have just toppled their chief nemesis in a decadelong battle over local rent control ordinances. AIDS Healthcare Foundation President Michael Weinstein conceded in the fight against Proposition 34 Friday after ...

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  • 19 Nov
  • The Real Deal
  • Uncategorized
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Macerich sees value of Santa Monica Place fall to $255M as it seeks buyer

Santa Monica Place can’t seem to catch a break, with the specialty mall’s value taking another hit as its owner looks to clinch a sale of the property. The Macerich-owned shopping center’s value is down about 35 percent to $255 million ...

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  • 18 Nov
  • The Real Deal
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Hines beats back appeal against 13-story office tower in DTLA

Hines has beat back an appeal trying to block a 13-story office project in Downtown Los Angeles, but the developer may have a harder time beating a market where a third of offices sit empty. The Houston-based company got the nod from ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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Southern California has a million homes worth $1M or more

Southern California has grown more expensive, with a million homes valued at $1 million or more. The five-county region has 1.08 million seven-figure homes last year, the Orange County Register reported, citing figures from ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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Reubens’ Century Plaza inks deal with Marciano family for Wally’s Wine 

A Los Angeles institution for gourmet food and fine dining backed by denim kingpins Paul and Maurice Marciano has made its way to the Reuben Brothers’ Century Plaza. The $2.5 billion, 6-acre Century City project will see a new concept ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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California Bank & Trust leases 29K sf at AON Center

San Diego-based California Bank & Trust will move its Downtown Los Angeles office to the 62-story AON Center. The bank signed on for 28,603 square feet of offices at Carolwood’s 707 Wilshire Boulevard, according to landlord broker ...

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  • 18 Nov
  • The Real Deal
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