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DTLA’S Wedbush Center loses 70% of value in less than decade

The 21-story Wedbush Center in Downtown Los Angeles was recently appraised at $60.5 million compared with a $197.5 million value at loan issuance, according to Morningstar Credit.  That’s a 69 percent decline in around seven years.  ...

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  • 13 Aug
  • The Real Deal
  • Uncategorized
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Heather and Terry Dubrow land $17M for Beverly Hills manse

Reality TV stars Heather and Terry Dubrow sold their Beverly Hills estate for $16.5 million, a 34 percent discount from what “The Real Housewives of Orange County” couple first sought for the home.  The Dubrows placed 1501 Tower Grove ...

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  • 12 Aug
  • The Real Deal
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Unidentified foreign investor grabs 9 burned Malibu lots for $65M

A chunk of beachfront properties in Malibu now belong to a mysterious foreign investor.  An unidentified buyer has bought nine burned properties in the La Costa Beach area for a total of $65 million, The Malibu Times reported. The ...

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  • 12 Aug
  • The Real Deal
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Bankrupt Oceanwide Plaza sale expected to wrap by year’s end: broker

The broker on the bankrupt, half-built Oceanwide Plaza in the middle of Downtown Los Angeles says the property has drawn two viable bidders in coming months, The Real Deal has learned. That’s down from a list of 17 interested parties ...

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  • 12 Aug
  • The Real Deal
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Spec developer’s Brentwood project asking $24M tops LA signed contracts

Spec developer Phillip Braunstein nabbed a buyer for his Tigertail Road property that’s asking nearly $24 million. The estate, which was a little over five years in the making, topped last week’s roster of homes to go into contract ...

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  • 12 Aug
  • The Real Deal
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Pasadena Towers office complex sells to Harbor Associates, Roxborough Group for 50% off

A two-building office complex in Pasadena has sold to a new owner at a steep discount from its value less than a decade ago.  Harbor Associates and The Roxborough Group plunked down $120 million for the Pasadena Towers, Commercial ...

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  • 12 Aug
  • The Real Deal
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Prologis locks down full-building lease as Inland Empire industrial cools off

Southern California’s Inland Empire continues to attract new leasing activity amid nationwide unease over tariffs and industrial space oversupply–but it’s not the red-hot pocket of activity it used to be. Prologis has secured a new ...

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  • 11 Aug
  • The Real Deal
  • Uncategorized
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Resi market movers: eXp’s Homebase team eyes SoCal market expansion

The Homebase Real Estate team at eXp Realty is looking to make a big push in Southern California. The group tapped Roddy de la Garza for the position of market leader in Los Angeles as well as the Palm Springs side of Coachella Valley, ...

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  • 11 Aug
  • The Real Deal
  • Uncategorized
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Former Lucky Brand HQ to become 52K sf home for DTLA Law Group

DTLA Law Group is growing its headquarters in a larger new space in downtown Los Angeles.  The law firm is moving from 612 South Broadway to 540 South Santa Fe Avenue in the Arts District, L.A. Business First reported. The Santa Fe ...

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  • 11 Aug
  • The Real Deal
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Pro ballers score $47M construction financing for Echo Park apartments

NBA player Tobias Harris and his hoopster-turned-developer brother Terry Harris scored $46.6 million construction financing for an apartment development in Echo Park. The Harris brothers–one currently with the Detroit Pistons and the ...

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  • 11 Aug
  • The Real Deal
  • Uncategorized
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