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Dana Point mansion trades for $24M, a year-to-date high for south OC

A 13,800-square-foot mansion in Dana Point has sold for $24.15 million, marking the highest priced home sale in south Orange County this year. The 0.6-acre peninsula estate traded hands at 9 Oceanfront Lane, in the gated Strand at ...

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  • 06 Nov
  • The Real Deal
  • Uncategorized
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Hilco Development emerges as winning bidder for the Ziggurat 

Orange County’s most famous white elephant is not long for this world. The brutalist concrete monument known as the Ziggurat at 24000 Avila Road in Laguna Niguel is off the auction block and in the hands of 33-year-old developer ...

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  • 06 Nov
  • The Real Deal
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Big win for multifamily landlords as California voters quash rent-control expansion

Landlords across California awoke to good news: California voters appear to have firmly rejected Proposition 33, a measure that would have allowed cities to expand rent control laws. The ballot measure had notched 61.6 percent of ...

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  • 06 Nov
  • The Real Deal
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Downtown Los Angeles office tenants decamp for suburbs

It’s official. Office tenants in Downtown Los Angeles are clearing their office desks for tonier digs in Century City, Pasadena and El Segundo. Business tenants have shifted half or more of their employees from offices in Downtown to ...

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  • 06 Nov
  • The Real Deal
  • Uncategorized
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Leo Pustilnikov cuts janitors and security at Skid Row housing in LA

Leo Pustilnikov has let his Skid Row properties go to the dogs, tenants say. The Beverly Hills-based investor who paid $10 million for one of the biggest homeless housing portfolios in Los Angeles has cut security and janitorial ...

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  • 06 Nov
  • The Real Deal
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Chateau Group allegedly defaults on 233-key hotel in Arcadia

Developer Chateau Group has allegedly defaulted on the 233-key Le Meridien Pasadena Arcadia hotel, The Real Deal has learned. The Arcadia-based company fell behind on nearly $2.1 million in debt tied to the hotel, located at 130 West ...

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  • 06 Nov
  • The Real Deal
  • Uncategorized
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Money for LA market’s luxury home contracts jumps to $140M

The asking dollar volume of luxury homes under contract in L.A. County perked up last week, reversing a previous trend of three consecutive weekly declines. The number of signed contracts held about steady with previous weeks, coming ...

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  • 05 Nov
  • The Real Deal
  • Uncategorized
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Curbside sale at Chino Hills mall highlights niche retail market

The curb-fronting sections of a Chino Hills shopping center sold for $34.2 million in a trade underscoring a small but growing segment of the retail market.   The roughly 77,000 square feet of shops nearest to the street at the ...

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  • 05 Nov
  • The Real Deal
  • Uncategorized
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Fisch unveils 13-story builder’s remedy project in Beverly Hills

Fisch Properties has unveiled the look of a 13-story apartment building seeking builder’s remedy approval in Beverly Hills. The locally based developer led by Bill Fisch filed plans this spring for the 75-unit complex at 9441 West ...

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  • 05 Nov
  • The Real Deal
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Jamison defaults on $87M loan for Equitable Plaza in Koreatown

Koreatown’s biggest office landlord is facing foreclosure at Equitable Plaza. David Lee’s Jamison Properties defaulted on a $86.5 million commercial mortgage-backed securities loan tied to the 34-story office tower at 3435 Wilshire ...

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  • 05 Nov
  • The Real Deal
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