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Largest craftsman house in the U.S. to relist at $10M after 25 years of...
The Artemesia house at 5771 Valley Oak Drive in Los Feliz and restorer Leonard Fenton The largest craftsman house in the United States is about to hit the market for just shy of $10 million. The sale...
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Submarket Snapshot: Condos in Mar Vista and Palms
The condo building at 3729 Cardiff Avenue in Palms (credit: Coldwell Banker) There were 25 condos sold in the Mar Vista and Palms submarkets in the fourth quarter, according to a report by the Agency....
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Current reader favorites: 1. Largest craftsman house in the U.S. to relist at $10M after 25 years of restoration 2. Auction giant Ten-X to move into traditional sales business 3. Hankey and Jamison...
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Anbang to buy 16 hotels, four in SoCal, from Blackstone for $6.5B
Jonathan Gray, JW Marriot Essex House at 160 Central Park South and Anbang’s Wu Xiaohui From the New York site: Anbang Insurance Group is vastly expanding its U.S. hotel presence. The Beijing-based...
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Trion to launch fund with $100M in buying power
Trion founders Max Sharkansky and Mitch Paskover Trion Properties, the Los Angeles-based multi-family investment firm, is moving into the real estate fund business. The company, headed by Max...
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Investor group launches surprise bid for Starwood Hotels
From left: Marriott’s Arne Sorenson, the W New York Times Square and Starwood’s Thomas Mangas From the New York site: Marriott Hotels suddenly faces competition in its bid to take over Starwood Hotels...
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Sharona Alperin of “My Sharona” fame on buying patterns of entertainment clients
Sharona Alperin and the Knack’s single written about her It’s been 37 years since “My Sharona” first blasted American airwaves, but you can’t go more than a few days without hearing some incarnation of...
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Designer Betsey Johnson picks up 2 acres in Malibu
Betsey Johnson via wikipedia and a rendering of her home in Malibu From the New York website: Free-spirited fashion designer Betsey Johnson just bought nearly 2 acres of land in Malibu, where she plans...
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Engine Real Estate buys Garfield Apartments in Hollywood for $5.5M
Jeffrey Birkmeyer, left, and David Walker, right, and the Garfield Apartments in Hollywood (credit: Rafael Cardenas) The Garfield Apartments, a 24-unit complex at 1722 Garfield Place in Hollywood, sold...
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Submarket Snapshot: Condos in Marina del Rey
A condo building at 3109 Strongs Drive in Marina del Rey Marina del Rey saw 73 condo sales in the fourth quarter at an average sale price of $1.02 million, according to a report by the Agency. The...
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Current reader favorites: 1. Largest craftsman house in the U.S. to relist at $10M after 25 years of restoration 2. BentleyForbes founder C. Frederick Wehba forced to sell Beverly Hills mansion 3....
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Downtown developer scores $23.6M construction loan
A rendering of the Figueroa Street project The developer of a mixed-use residential and retail project at 1400 Figueroa Street in Downtown L.A. has nabbed a $23.6 million construction loan from Opus...
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Fed likely to leave interest rates unchanged in March
Janet Yellen From the New York site: The Federal Reserve is expected to leave its benchmark interest rate unchanged this week, though the central bank will likely note that global economic uncertainty...
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Are Downtown condo prices beginning to stabilize?
Metropolis in Downtown L.A. Downtown Los Angeles condominium prices rebounded in February after posting steep declines in January, a new report shows. The price of an apartment in the area actually...
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The Wrap: Vince Vaughn now a Hollywood landlord, Former Reagan home...
A room in Vince Vaughn’s Hollywood Hills home 1. Actor Vince Vaughn dons the role of landlord in Hollywood Hills West [LAT] 2. Former Reagan home reimagined by Hollywood duo [Variety] 3. Mixed-use...
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Cadence buys another development site in Santa Monica for $13.5M
The development site at 3032 Wilshire Boulevard in Santa Monica Cadence Capital Investments, the Colorado-based retail developer that is building a swanky Gelson’s in Hollywood and recently purchased...
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Submarket Snapshot: Condos in Venice
The Venice Canals Nine condos sold in Venice in the fourth quarter for an average price of $1.35 million, according to a report by the Agency. They sold for an average of $783 a square foot, at 2.31...
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Current reader favorites: 1. Sharona Alperin of “My Sharona” fame on buying patterns of entertainment clients 2. Gelson’s wants Mario Batali’s Eataly booted from Century City mall 3. Engine Real...
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How Chinese hotel operator JE Group won the Yamashiro site in the Hollywood...
The Yamashiro site and broker Kitty Wallace It was a truly rare — not just “rare” — development opportunity. An almost seven-acre plot in the Hollywood Hills that included the famed Yamashiro...
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Airbnb’s political fights around the world
Clockwise from top left: San Francisco, Paris, Jersey City and Tokyo From the March issue: Airbnb’s worldwide reach is unquestionable. The short-term rental company operates in more than 34,000 markets...
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