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Private investors buy Lancaster apartments for $21M
The 200-unit apartment complex in Lancaster (credit: Strategic Realty Capital) A group of private investors based in Los Angeles shelled out $21 million, or $105,000 a unit, for a 200-unit apartment...
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The lease next door: Playboy studios listed for rent or sale
The site at 3030 Andrita Street (Credit: JLL) Here’s your chance to sneak in the playhouse. As Playboy’s master lease on a 108,000-square-foot studio campus in Atwater Village nears its September...
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CEO pay cut? Sliding retail stock performance cuts into executive compensation
Decrease in retail stock prices is taking away landlords’ compensation (credit: Getty Images) Another vision of the apocalypse: executives at retail REITs are losing multimillion-dollar stock awards....
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WeWork inks 70K sf lease at Pacific Design Center’s RedBuilding
Adam Neumann and the RedBuilding at 750 San Vicente Boulevard (Credit: Scott Frances via Artribune) WeWork just signed a lease for two full floors in the Pacific Design Center’s RedBuilding in West...
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Co-living company Ollie hires Fyre Fest promoter’s employees
From left: Chris Bledsoe and Billy McFarland From TRD New York: Co-living company Ollie hired five former employees of Magnises, the black-card startup founded by Fyre Fest mastermind and accused...
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The eviction gamble: This is why it’s tough to be a renter — and a landlord —...
The L.A. Tenants’ Union staged a protest outside L.A.’s Housing Department in December 2016. From the summer issue: It’s a tough time to be a renter in Los Angeles. Then again, it’s a tough time to be...
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First the James. Then the 1. Now it’s called…the Jeremy?
The Jeremy Hotel in West Hollywood (credit: The Jeremy West Hollywood) Flakiness isn’t just for millennials, it seems. CIM Group’s Sunset | LaCienega hotel project was initially supposed to be a James...
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Keep up with The Real Deal on the go by following us on Twitter. We’ll keep you posted with up-to-the-minute tweets, breaking industry news and live updates from around the world of L.A. real estate....
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Banker questioned over Manafort loans was business partners with Howard Lorber
From left: Paul Manafort, Howard Lorber (Credit: Getty Images) and Stephen Calk From TRD New York: A banker who is being questioned about real estate loans his company provided to Paul Manafort,...
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Entertainment veteran Ed Fishman lists Malibu home for $20M
Ed Fishman’s luxury home in Malibu (credit: Coldwell Banker Residential Brokerage) Gaming and entertainment veteran Ed Fishman is rolling the dice and hoping to land on a buyer for his Malibu home....
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With 5 leases in 12 months, Spaces is gobbling up LA office space
Spaces’ locations in West Hollywood, Irvine, Arts District, Calabasas, and Culver City (credit: Regus, The Park Calabasas) Spaces wants to be the biggest co-working company in Los Angeles. If the Dutch...
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This is why DTLA has the highest resi vacancy rate in LA County
Steve Basham from CoStar (credit: Steve Basham) Do enough wealthy people want to live in Downtown Los Angeles to fill 7,000 units? Investors are growing increasingly skeptical. Roughly 3,000 luxury...
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New York chef David Chang is opening a new restaurant in Los Angeles
Chef David Chang’s restaurant will open on the outskirt of Chinatown (credit: Momofuku, Google Maps) Angelenos no longer have to travel to New York to get a taste of chef David Chang. Chang, founder of...
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Market Snapshot: SoCal sizzles
The Montclair Place mall is undergoing renovations expected to be complete by the end of 2017. Credit: Retail Design Collaborative From the summer issue: Orange County It’s always sunny in Orange...
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After failed redevelopment attempts, CRA/LA lists Westlake Theatre for sale
Westlake Theatre (credit: Cushman&Wakefield) Westlake Theatre could soon lose its iconic neon sign. The building’s owner, CRA/LA, has listed the property for sale, after failed attempts to solicit...
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The EB-5 program has a growing problem. A new fund seeks to tackle it
Rendering of Hudson Yards and Greystone’s Allison Berman From TRD New York: Greystone, investment advisor Capital United and fintech firm NES Financial on Thursday launched what they claim is the first...
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The LA/OC area has the lowest homeownership rate in the country: report
L.A. and O.C. homeownership rate has remained one of the lowest in the U.S. (credit: Getty Images) You are not alone if you still rent in Los Angeles or Orange County. Only 48.3 percent of the families...
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There’s a new zoning law in Downtown SaMo. And developers already hate it
Third Street Promenade (Getty Images) The six-year battle between Santa Monica officials, developers and community activists over the Downtown Community Plan came to an end this week, and developers...
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Doing so-so in Montecito
The property at 511 Las Fuentes Drive at Birnam Wood Golf Club in Montecito was listed by Compass for $5.2 million. From the summer issue: Montecito has a well-established reputation as one of Santa...
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Starz in advanced talks for 60K sf lease at Santa Monica Gateway: sources
Santa Monica Gateway’s South building, possible home of Starz (Colorado Creative Studios) Movie network Starz is close to closing on an 11-year lease for a 60,000-square-foot building at Santa Monica...
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