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China clamps down on trusts to cool housing sector
Residential buildings in Beijing, China (Credit: Getty Images) From TRD New York: Chinese authorities looking to cool the country’s overheated housing market are now focusing on trust companies, which...
View ArticleTRD’s top stories: Kim K’s broker jumps to Compass, struggles at The Bloc...
Current reader favorites: 1. Trouble on the Bloc 2. Barry Sternlicht’s Starwood Capital is eyeing CIM’s James Hotel: sources 3. Doing it his way 4. Compass poaches Kim Kardashian’s favorite broker for...
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Beyoncé and Jay Z made $120M offer on remodeled Bel Air manse: report
Jay Z, Beyoncé, and the home at 454 Cuesta Way (Credit: Getty, B. Scott) After a few near misses, Beyoncé and Jay Z may finally be buying a permanent home in L.A. The cardinal couple of pop has put in...
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The Closing: Mauricio Umansky on his “no asshole” policy and why he thinks...
Maurico Umansky (Photo courtesy of Adam Southard) From the April issue: Mauricio Umanksy is the founder and CEO of the Beverly Hills-based residential brokerage the Agency, which he launched with Billy...
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Singaporean firm buys 201-unit DTLA complex for $110M
The complex at 1001 S. Olive Street and Mapletree CEO Hiew Yoon Khong (Credit: KTGY, Mapletree Investments) Singapore-based Mapletree Investments bought a 201-unit corporate housing complex in Downtown...
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Rising US home prices fuel concerns about unsustainable market
U.S. National Home Price NSA Index (Credit: S&P CoreLogic Case-Shiller) From TRD New York: Home prices across the country are rising much faster than incomes, sparking concerns from economists and...
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Kennedy Wilson to acquire European subsidiary
Kennedy Wilson Beverly Hills headquarters, William McMorrow (Kennedy Wilson) Beverly Hills real estate firm Kennedy Wilson Holdings will combine shares with its European counterpart, Kennedy Wilson...
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“Californication” home in Venice sells for a record $14.6M
David Hertz, “Californication” home (David Hertz) Architect David Hertz sold his Balinese-inspired Venice home, which was made famous for its appearance on Showtime’s sitcom “Californication.” The home...
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LeFrak, Roth dish on Trump’s lofty infrastructure goals
Moynihan Station, Richard LeFrak and Steve Roth From TRD New York: How much power does the national infrastructure council assembled by Donald Trump really have? Richard LeFrak, one of its members,...
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Geoff Palmer settles lawsuit brought by City of LA
Construction of the Da Vinci Apartments at 909 West Temple Street and Geoff Palmer The City of Los Angeles settled its $20 million lawsuit against developer Geoff Palmer over the 2014 Da Vinci...
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J.J. Abrams drops $6.3M on Pacific Palisades home
Pacific Palisades home, J.J. Abrams (Google Maps/Getty Images) The force is strong in the Pacific Palisades. Hollywood director, producer and writer J.J. Abrams picked up another home in the area for...
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Two more Nile Niami homes are up for grabs — for nearly $50M
Nile Niami and one of the two spec homes Mega-mansion builder Nile Niami is selling yet more L.A. manses, amid his ongoing divorce proceedings with wife Yvonne. The developer listed two homes Tuesday....
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The luxe frontier: Hotel-branded condos
A rendering of the Four Seasons condo complex planned for Beverly Hills. From the April issue: Jonathan Genton is spending a lot of time in the air these days, boarding jets to Jakarta, Riyadh and...
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Rumors circulate of Chinese government detaining Anbang chief Wu Xiaohui
Wu Xiaohui From TRD New York: Chinese social media platform WeChat erupted Wednesday with reports that Wu Xiaohui, chairman of Anbang Insurance Group, has been detained by authorities in Beijing....
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Local investor buys Claremont Hotel Westwood for $12.25M, will rebrand it as...
Claremont Hotel Westwood at 1044 Tiverton Avenue and Paligroup founder Avi Brosh (Credit: Claremont Hotels, Getty) UPDATED, 12:55 a.m., April 26: Shamina Investments, a Los Angeles-based firm, has...
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Low SoCal inventory has homebuyers writing love letters to sellers, entering...
“House For Sale” sign (Getty Images) As Southern California’s real estate prices continue to climb and inventory remains low, homebuyers are getting increasingly creative in their quest to close deals....
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Investor plans 49-unit condo complex in Brentwood
Construction at 11965 W. Montana Ave (Credit: Google Earth) A local investor wants to build a 49-unit condo project in Brentwood, city filings show. An entity registered to Benhoor Elyashar, who also...
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Israeli billionaire is Kushner’s partner on 15 Manhattan buildings
Trump 65 Bay Street, Raz Steinmetz and Jared Kushner From TRD New York: Israeli billionaire Raz Steinmetz is a quiet investor in 15 Manhattan properties owned by Kushner Companies. Steinmetz, who hails...
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Luxury custom closet craze now includes teens, babies
Children’s closet by LA Closet Design, Lisa Adams (LA Closet Design) Much like their parents, children and teens are getting their own custom-designed walk-in closets outfitted with designer wallpaper,...
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LLCs, rejoice! Cohn and Mnuchin debut tax plan that would be amazing for...
Gary Cohn, Steven Mnuchin (Getty Images) From TRD New York: The Trump administration unveiled its long-awaited tax reform plan on Wednesday, proposing massive cuts to individual, corporate and other...
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