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LA’s density bonus program isn’t creating enough affordable housing: report
L.A. City Controller Ron Galperin (Credit: LA City) Los Angeles needs to step up its wooing of market-rate developers to build affordable units, according to a new audit from the city controller’s...
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13% of loans could default in $90B debt wave: analysts
5 Times Square and Scott Rechler (Credit: RXR and Getty Images) From the New York website: Roughly half of the $90 billion worth of commercial mortgages left over from the 2007 lending boom won’t be...
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DTLA’s multifamily market may face oversupply, but it didn’t happen in 2016
Steve Basham of CoStar and a photo of a portion of the DTLA skyline by Hunter Kerhart Concerns remain about how Downtown Los Angeles will absorb the thousands of luxury apartments delivering in coming...
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What’s Bruce Makowsky’s $250M Bel Air spec home really worth?
Developer Bruce Makowsky (inset) and his $250M home as well as brokers Rochelle Maize of Nourmand & Associates, F. Ron Smith of Partners Trust and Josh Flagg of Rodeo Realty America’s priciest...
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Kanye producer is buyer of Russell Peter’s Studio City home
Mike Dean and his new home on Avenida Del Sol (Credit: Getty, Zillow) Welcome to the good life, Mike Dean. The prolific hip-hop producer, known for his collaborations with Kanye West, has been outed as...
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A Trump Hotel in every major U.S. city?
Current U.S. Trump Hotels and a map of the United States From the New York website: Trump Hotels is looking to expand from five to all 26 major metropolitan areas in the U.S., CEO Eric Danziger said...
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Compton sports store owner plans another apartment project in Ktown
909 Fedora Street Stuart Whang can’t stop, won’t stop. The Compton sports store owner filed yet another set of plans for a development in Koreatown, this time for a 23-unit apartment complex on the...
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REITs rally in Trump era despite climbing interest rates
From left: Marc Holliday, 625 Madison Avenue, Steven Roth and One Penn Plaza From the New York website: Despite rising interest rates, U.S. real estate investment trusts are enjoying some upward...
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David Rifkind of George Smith Partners dies at 51
David Rifkind, co-founding principal of George Smith Partners in Century City (Getty). David Rifkind, co-founding principal of Century City real estate investment banking firm George Smith Partners,...
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Moon Juice guru Amanda Bacon wants $6.5M for Rustic Canyon pad
Amanda Chantal Bacon (credit: Getty Images) and the Santa Monica pad Juicing empress Amanda Chantal Bacon is cleansing herself of her hillside Rustic Canyon hideaway. The Moon Juice founder, well-known...
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Lucky number seven: Beverly Hills estate once home to Agnes Moorehead sells...
Agnes Moorehead and the Roxbury house (credit: Zillow) Even good real estate feels the seven-year itch. A gated village on Beverly Hills’ famous North Roxbury drive has finally found a buyer after...
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Classmates.com founder seeks buyer for $7.5M Bel Air estate
Jeffrey Tinsley’s Bel Air estate (Twitter/Oppenheim Group) Jeffrey Tinsley, founder of social networking site Classmates.com, is searching for someone to buy his home tucked in the hills of Bel Air. He...
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Philip Orosco’s firm is cashing out of four LA properties for roughly $222M
Pacshore Partners founder Philip Orosco and the Telephone Building at (credit: LinkedIn, Santa Monica Conservancy) Sell much? Philip Orosco is on a spree, cashing out of four Westside properties...
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NIMBY ballot measure’s numbing effect
The Neighborhood Integrity Initiative would temporarily halt many building projects in Los Angeles. From the January issue: Bobby Turner, a native Angeleno, founded social impact investment firm Turner...
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“Modern Family” actor lists Culver City penthouse for $1.4M
Ty Burrell as Phil Dunphy in “Modern Family” and the Culver Centrale at 9900 Culver Boulevard “Modern Family” star Ty Burrell is selling his Culver City condo, now that he has a family of his own....
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The Trump slump? LA sales dropped 12 percent in Q4
Aerial view of Beverly Hills (credit: Getty Images) The Presidential election may have sucked some air out of the L.A. residential market’s proverbial tires. Los Angeles saw its largest year over year...
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Here are the biggest new LA projects filed in 2016
Rendering of SunCal’s project at 6th and Alameda Streets, the Wilshire Financial Tower at 3600 Wilshire Boulevard, and Dr. Lee of Jamison Services (Credit: Herzog & de Mueron, 42 Floors) From...
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Do Trump’s proposed tax cuts put affordable housing in LA at risk?
From left: Steven Mnuchin, a NYC construction site and Ben Carson (Credit: Getty Images) As Los Angeles and other major American cities grapple with the shortage of affordable, one major federal...
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Strategic Realty Trust buys Sunset Junction retail portfolio for $13.3M
Silver Lake portfolio swooped up in $13.3 million sale. Things are heating up on Sunset Boulevard in the heart of hipster haven Silver Lake. The portfolio called Silver Lake Collection — home to...
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Cypress Equities files epic plans for Burbank Town Center
201 East Magnolia Boulevard (credit: Google Earth) The Burbank Town Center could soon transform into a ginormous mixed-use community with more than 1,000 residential units and hotel rooms, as well as...
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