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McG and John Mayer buy historic Hollywood movie lot for $40M

John Mayer and Joseph McGinty Nichol have agreed to buy the Jim Henson Company Lot in Hollywood, founded a century ago by Charlie Chaplin, for $40 million. The singer-songwriter and movie director known as McG cut a deal to purchase ...

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  • 14 Nov
  • The Real Deal
  • Uncategorized
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Mauricio Umansky diversifies revenue streams to deal with downturn

Mauricio Umansky is juggling plenty these days. The co-founder and CEO of The Agency has his hands full opening offices at a rate of roughly 30 a year. That’s flanked by a number of other projects that have placed the brokerage’s and ...

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  • 13 Nov
  • The Real Deal
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LA’s “mansion tax” comes to collect from nonprofit home builders

L.A.’s mansion tax, meant to take from the rich to pay for housing for the poor, has taken its toll on nonprofit homebuilders with millions in unexpected fees, curbing the development of affordable homes. In the last year, two ...

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  • 13 Nov
  • The Real Deal
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Music agency Concord leases indoor-outdoor offices in Beverly Hills

Nashville has come to Beverly Hills, with a 32,000-square-foot office lease. Concord, a Nashville-based independent music firm with 125,000 artists in its stable, leased the sixth-floor penthouse at Wilshire & Palm at 9171 ...

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  • 13 Nov
  • The Real Deal
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American Freight to close 328 stores, including 10 in SoCal

American Freight will shutter more than 300 home goods stores across the U.S., including 15 in California hurt by high mortgage rates and a drop in home buying and remodeling. The Ohio-based discount retailer is closing 328 furniture, ...

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  • 13 Nov
  • The Real Deal
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Security features send Hidden Hills house listed at $24M into contract

High-tech security proved a big selling point for Los Angeles County’s top home under contract last week. The home at 24200 Hidden Ridge Road in Hidden Hills, listed at $23.5 million, topped out last week’s contracts as tallied by ...

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  • 12 Nov
  • The Real Deal
  • Uncategorized
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Irvine Company looks to sell two more San Diego office buildings

The Irvine Company is bailing out of Downtown San Diego, with a listing for two more office towers as it shifts north around a University of California campus. The Newport Beach-based company led by Donald Bren has put two buildings on ...

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  • 12 Nov
  • The Real Deal
  • Uncategorized
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Bridge Investment pays $129M to buy 406-unit complex in Santa Ana 

Bridge Investment Group has bought a 406-unit apartment complex in Santa Ana for $129.2 million, while pledging to preserve half the units as affordable. The Salt Lake City, Utah-based investor purchased the two-story Horizon Apartment ...

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  • 12 Nov
  • The Real Deal
  • Uncategorized
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Stockdale ID’d as buyer of The Oaks mall from Macerich for $157M

Stockdale Capital Partners is rolling the dice on a 1.2 million-square-foot Ventura County shopping mall in need of renovation, The Real Deal has learned. The Los Angeles-based real estate investor is in contract with Macerich to buy ...

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  • 11 Nov
  • The Real Deal
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Landlords feel relief as voters defeat rent control again

Do not mess with the Costa-Hawkins Act in California. That’s the message voters delivered on Nov. 5, when they sided with landlords — for the third time since 2018 — in rejecting Prop. 33 by a comfortable margin of 61.4 percent to 38.6 ...

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  • 11 Nov
  • The Real Deal
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