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National Cheat Sheet: How Amazon’s Whole Foods deal changes retail, Freddie...
Clockwise from top: Whole Foods, Adam Neumann and Jonathan Gray (Getty) From TRD New York: Examining the impact of Amazon’s Whole Foods acquisition The mother of all buyouts went down, and it makes a...
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The priciest home listings in LA last week
Priciest listings (MLS) Torag Pourshamtobi, CEO of apparel label maker Labeltex Mills Inc., fashioned a new Beverly Hills mansion and put it on the market last week with an asking price of $32 million,...
View ArticleTRD‘s top stories: Blackstone’s LA selling spree, John Cushman III on Trump...
Current reader favorites: 1. Everything you need to know about Blackstone’s Los Angeles selling spree 2. John Cushman III on returning to his roots as a broker, IPO rumors and Donald Trump 3. Amazon to...
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Jason Illouilian’s hotel project receives rare WeHo welcome
Rendering of the project between Robertson Boulevard and La Peer Drive UPDATED, 2:30 p.m., June 27: Could the NIMBYs be on vacation? Developer Jason Illoulian’s 242-room West Hollywood hotel and retail...
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Warren Buffett is making big bets on retail
Warren Buffett From TRD New York: Warren Buffett’s Berkshire Hathaway was revealed Monday as one of the largest shareholders in the real estate investment trust Store Capital Corp., the second big bet...
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Hotelier gains Council member approval for 125-room hotel in Pico Union
The site at 2268 W. Pico Boulevard A San Gabriel-based hotelier already has the blessing of a Downtown Council member to build a 125-room hotel on W. Pico Boulevard — and that’s before he even files...
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Tyra Banks buys third Palisades home for $1.4M
Tyra Banks, Pacific Palisades home (Getty Images/MLS) Model and television personality Tyra Banks is “smizing” on Pacific Palisades. Banks, who coined the term which means to smile with your eyes,...
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Zillow moves to charge rental agents $3 per day for each listing on NYC site
StreetEasy’s Susan Daimler and the listings portal From TRD New York: On the heels of a big victory in the residential sales front, StreetEasy is now gunning for the rental market. The listings portal...
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Beyoncé settles into ridiculous $400K per month Malibu rental
Jay-Z, Beyoncé and La Villa Contenta home (Getty Images/MLS) Having more kids is always expensive — even when you’re Jay Z and Beyoncé. The power couple is renting a $400,000 per month mansion in...
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City officials approve George Lucas’ $1.5B Museum of Narrative Art
Rendering of Lucas Museum of Narrative Art, Mellody Hobson and George Lucas (Lucas Museum of Narrative Art/Getty Images) The Force is with the Los Angeles City Council. George Lucas’s $1.5 billion...
View ArticleTRD‘s top stories: Blackstone’s LA selling spree, Ron Burkle’s refi …& more
Current reader favorites: 1. Everything you need to know about Blackstone’s Los Angeles selling spree 2. Ron Burkle’s Yucaipa Companies scores $93M refi for Line Hotel 3. Sony Pictures’ new CEO buys...
View ArticleWATCH: What StreetEasy’s new fee means for the listing platform — and NYC...
From TRD New York: For better or worse, StreetEasy can’t stop grabbing headlines. Following the news that four of the city’s biggest brokerages have opted in to its Premier Broker program, the...
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Starwood acquires El Segundo office complex for $174M
Barry Sternlicht and 400 Continental Avenue Starwood Capital is buying an El Segundo office complex from DivcoWest for about $174 million, or $354 per square foot. Starwood, headed by Barry Sternlicht,...
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Can Thor Equities survive a retail apocalypse?
(Illustration by Kagan McLeod) From TRD New York: It took Joe Sitt [TRDataCustom] less than 30 minutes to agree to pay Aby Rosen $132 million for a trio of buildings at 516-520 Fifth Avenue in 2011. It...
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Hollywood power couple Eric Gold and Marcy Kaplan list Beverly Hills manse...
North Elm Drive home (MLS) Hollywood producer and talent manager Eric Gold and his wife Marcy Kaplan, an actress, writer and producer, want $16.5 million for their home in the Beverly Hills flats....
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Shortage of skilled labor is forcing US contractors to turn away work: report
A construction laborer working on the site of a new residential building (Credit: Getty Images) From TRD New York: Faced with shortages in skilled labor, many construction contractors across the United...
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See ya, CEQA? It could soon get easier for multifamily developers to build in LA
Gil Cedillo and renderings of the Highland Park Transit Village project Multifamily developers could soon get some relief from the city’s tedious planning process, thanks to a new piece of legislation...
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Millennial malaise: LA has the lowest rate of homeownership among adults...
“For Rent” sign in Hollywood, Millennial couple (Getty Images) Dear millennials, if you’re thinking about buying a home in Los Angeles, good luck. Only 17.8 percent of millennials in La La Land have...
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In wake of Anbang acquisition, Santa Monica wants to force hotels to disclose...
Wu Xiaohui and the Loews hotel in Santa Monica As Los Angeles officials focused on legislation that could ease the region’s housing shortage Wednesday, council members in beachy Santa Monica focused on...
View ArticleTRD‘s top stories: Beyoncé bags a new rental, Jason Illoulian’s rare WeHo...
Current reader favorites: 1. Beyoncé settles into ridiculous $400K per month Malibu rental 2. Jason Illoulian’s hotel project receives rare WeHo welcome 3. Starwood acquires El Segundo office complex...
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