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Marsh & McLennan signs 72K sf lease at US Bank Tower
U.S. Bank Tower, Marsh & McLennan CEO Daniel Glaser (Google Maps/Getty Images) Global insurance firm Marsh & McLennan Cos. will be moving into the U.S. Bank Tower at 633 W. 5th Street. The firm...
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Happy Memorial Day from The Real Deal!
The Real Deal won’t be posting any stories on Monday, May 29 — but will keep our eyes peeled for any breaking news. Don’t forget to check back Tuesday morning, when we’ll resume regular posting. Enjoy...
View ArticleTRD‘s top stories: Colony NorthStar is Rising’s partner on One Cal: sources,...
Current reader favorites: 1. Colony NorthStar is Rising’s partner on $465M One California Plaza deal: sources 2. Dutch co-working firm inks lease for 48k sf building in Culver City 3. REITs keep it...
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LA County housing supply growth still lags national rate: report
Home under construction near the West side (Credit: Getty) The rate of Los Angeles housing growth falls significantly behind the national average, according to a new analysis of census data. Housing...
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UK hedge fund provides $240M construction loan for Four Seasons condo project
A rendering of the Four Seasons project The Children’s Investment Fund (TCI), a U.K.-based hedge fund, is providing a $239 million construction loan for the Four Seasons Private Residences project near...
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Investors file suit against San Gabriel Valley duo accused of $50M EB-5 scam
Sen. Chuck Grassley (Credit: Getty) Four investors that bought into an alleged $50 million EB-5 scam in the San Gabriel Valley are now suing the father-daughter duo behind the scheme. Yeqing Xia, Rui...
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Critics say Mohamed Hadid’s controversial spec home must be torn down
Mohamed Hadid and a rendering of the home at 901 Strada Vecchio Road Developer Mohamed Hadid is expected to go to trial as early as this week over his controversial spec house on Strada Vecchia in Bel...
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Calling the fixer
(Illustration by Gordon Studer) From LLNYC: The potential client was a well-known businessman, and he wanted Paul Viollis to understand that the seductress who was now blackmailing him was his “first...
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Chrome Hearts founders buy Malibu home for $38.5M
Laurie Lynn Stark and Richard Stark of Chrome Hearts (Credit: Getty) The price tag of $38.5 million may seem like a steep one, but Richard and Laurie Lynn Stark only need to sell 154 of their...
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Site of Holger Schubert’s Ferrari garage lists for $20M
717 N Tigertail Road (MLS) Holger Schubert created a living room that doubled as a parking garage for his prized Ferrari 512 BBi “Boxer.” That quirky feature in the product designer’s Brentwood home at...
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Oppidan Investment asks $43M for 90K sf shopping center
15311 Whittier Boulevard, Joseph Ryan (Oppidan Investment Co.) The retail industry is facing an era of turmoil as shoppers change their habits, causing some companies behind the curve to file for...
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The priciest home listings in LA last week
Priciest listings (MLS/Google Maps) The site where Holger Schubert once created a third-story living room that doubled as a parking garage for his prized Ferrari 512 BBi “Boxer” has hit the market for...
View ArticleTRD‘s top stories: Colony Northstar partners with Rising, UK fund backs Four...
Current reader favorites: 1. Colony NorthStar is Rising’s partner on $465M One California Plaza deal: sources 2. Space invaders: Developers team up to tackle LA’s parking laws 3. UK hedge fund provides...
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Developers are experts at circumventing Measure JJJ – here’s a proposal that...
A JJJ demonstration prior to the Nov. 8 vote, when it was approved (Credit: Mike Dennis) The reach of Measure JJJ could intensify in the coming months, if a new ordinance that aims to extend the scope...
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High streets looking low in 2017
The Polo store on Fifth Avenue From the retail issue: Ralph Lauren is packing up its Polo store on Manhattan’s Fifth Avenue. In San Francisco’s Union Square, Saks Fifth Avenue is consolidating and...
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“Shameless” producer John Wells lists Hancock Park home for $15M
South Hudson Avenue home, John Wells (MLS/Getty Images) John Wells has no shame when it comes to pricing his Hancock Park estate. The writer, director and producer behind TV shows such as “Shameless”...
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Retail’s new sweet spot
Sugarfina’s mini 200-square-foot store in New York City’s Time Warner Center has sales of more than $4,000 a square foot From the retail issue: Why endure the weeklong pain of a cold-pressed juice...
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Blackstone surpasses Brookfield as world’s biggest real estate manager
Blackstone’s Jonathan Gray and Brookfield’s Brian Kingston From TRD New York: Blackstone is once again the world’s largest real estate manager after overtaking Brookfield Property Partners last year....
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Tommy Lee relists Calabasas pad with a $1M price cut, asking $5M
La Masina Court home, Tommy Lee (MLS/Getty Images) Mötley Crüe drummer Tommy Lee is ready to move out of his home sweet home — again. The founding member of the heavy metal band relisted his Calabasas...
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LBA Realty acquires 7 For All Mankind HQ for about $29M
4440 E. 26th Street LBA Realty, an Irvine-based investment firm, recently scooped up a 220,000-square-foot industrial property in Vernon, according to multiple sources. The structure at 4440 E. 26th...
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