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LA rezoning could displace tenants from rent-controlled units

A Los Angeles plan to rezone multifamily housing could put tenants in rent-controlled apartments on the curb. A Citywide Housing Incentive Program ordinance to be heard by the City Council’s Planning and Land Use Management Committee ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Snell & Wilmer to expand office footprint in Costa Mesa 

Snell & Wilmer has expanded its offices in Costa Mesa in the second largest law firm lease in Orange County this year. The Phoenix-based firm leased three floors for 57,300 square feet, expanding its footprint by 8 percent in ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Castle & Cooke scores $140M refi for Corona shopping center

Shopping center owner Castle & Cooke nabbed $140 million in refinancing for its Corona property in yet another bright spot for Inland Empire retail. Deutsche Bank AG provided the loan for the roughly 834,000-square-foot Crossings ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Rents slip as luxury apartments sit vacant in LA County

Rents have slipped across greater Los Angeles with fewer apartment vacancies except the luxury market, where the vacancy has hit 13.1 percent. Rents across Los Angeles County dipped 0.3 percent in the third quarter to $2,232 from the ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Bel-Air spec mansion with Getty views seeks $45M

Residential and commercial development expertise converged to bring a $45 million Bel-Air residence to market this week. The newly built home is on the market from an LLC called ANR BLT Linda Flora, which is a partnership between ANR ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Jamison’s $35M loan for LA office building heads to special servicing

‘Tis the season of delinquency, and not a merry one for Los Angeles office landlord David Lee’s Jamison Properties. A $35.4 million commercial mortgage-backed securities loan tied to Jamison’s 811 Wilshire Boulevard went to special ...

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  • 15 Nov
  • The Real Deal
  • Uncategorized
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Lincoln Property lands $197M Blackstone loan for Silicon Beach office

Lincoln Property Company got a $197 million acquisition loan from Blackstone Group to finance its purchase of The Bluffs at Playa Vista office complex, sources told The Real Deal. Lincoln Property, along with its partner Strategic ...

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  • 14 Nov
  • The Real Deal
  • Uncategorized
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Advanced Properties eyes 51 affordable apartments in East Hollywood

Advanced Properties wants to build a 51-unit affordable housing complex in East Hollywood. The Hollywood-based limited liability company led by Michael Eghbali has filed plans to build the five-story apartment building at 1301 North ...

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  • 14 Nov
  • The Real Deal
  • Uncategorized
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Hankey Capital claims $16M default on Brentwood mansion

Hankey Capital is claiming default on a Spanish Revival mansion in Brentwood, with a possible auction scheduled for the first week of January, The Real Deal has learned.   The property, located at 306 North Cliffwood Avenue, comprises ...

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  • 14 Nov
  • The Real Deal
  • Uncategorized
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Modest rent hikes ahead in Southern California, USC forecasts

Apartment rents are expected to rise as much as $148 a month in the next few years across Southern California, with multifamily construction not keeping up with demand. Rents will increase between $110 and $148 a month across the ...

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  • 14 Nov
  • The Real Deal
  • Uncategorized
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