LA firm scoops up Jehovah’s Witnesses building for $58M
From TRD New York: The Jehovah’s Witnesses sold off another piece of their dwindling Brooklyn real estate portfolio to Los Angeles-based real estate investor Hawkins Way Capital for $58 million....
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Comedian Patton Oswalt sells Los Feliz home above asking price
Lowry Road, Patton Oswalt (MLS/Getty Images) Comedian and actor Patton Oswalt is laughing his way to the bank. The “King of Queens” actor sold his home on Lowry Road at a premium price of $2.6 million,...
View ArticleMeet Paul Manafort’s real estate fixer
From TRD New York: In late July, around the time the FBI raided his Virginia home, former Trump campaign chair Paul Manafort was out making real estate deals. Manafort, who spent decades as a...
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Home of anchor Trump said he “moved on” in infamous video hits market
Nancy O’Dell, Lombardy Road home (Getty Images/MLS) The Pasadena home of “Entertainment Tonight” co-anchor Nancy O’Dell is ready for a close-up. O’Dell has put the Mediterranean revival-style home on...
View ArticleHarvey’s wrath: $55B worth of Houston commercial real estate may be under water
From TRD New York: As much as 27 percent of Houston’s commercial real estate may be impacted by flooding in the wake of Hurricane Harvey, according to a CoStar analysis of flood maps. The 12,000...
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The priciest multifamily deals of the summer
Aimco CEO Terry Considine and the Palazzo apartments on Hauser Boulevard and 3rd Street Multifamily property sales were in full swing this summer. In a whopper of a transaction, Denver-based REIT Aimco...
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Broker spearheads effort to change name of Hollywood Hills street — to help...
Jason Oppenheim, the changed sign at Hummingbird Place, a pinto bird (photo by Stephen J. Jones) and a hummingbird We’ll see how this changes the pecking order. After a neighborhood effort spearheaded...
View ArticleHere’s why Zillow’s stock has fallen 23% since June
From TRD New York: Zillow Group is on track to make $1 billion this year, but it’s been a topsy-turvy few months for the stock. Shares of the Seattle-based real estate giant — which is facing major...
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Developer wants to demolish car dealership for mixed-use project
The current site at 13724-13732 W. Victory Boulevard (Credit: Google Maps) It’s clear to anyone driving this Labor Day weekend — or any day at all — that Angelenos don’t need more cars. Housing,...
View ArticleSimon Property Group sues Starbucks over Teavana closures
From TRD New York: Simon Property Group is suing Starbucks Corp. over its plan to close its Teavana stores across the country. Simon alleges that by closing Teavana locations in 78 of its malls,...
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Costume designer chops price of Venice home — again
12 Rose Avenue (Credit: Halton Pardee) It seems costume designer Susan Chevalier is seeking inspiration outside of Venice. The esteemed Hollywood designer has reduced the price of her 1924-built Venice...
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The priciest industrial deals of the summer
Rancho Pacifica Park (credit: Cushman & Wakefield) Summer is nearing its end, but the heat in Los Angeles is definitely not. Here’s a look at the hottest deals that closed in the industrial market...
View ArticleThe Kushner empire is under threat
From TRD New York: Kushner Companies’ real estate kingdom is under threat from a ticking debt clock on the firm’s flagship asset and an ever-shrinking pool of investors willing to consider rescuing it....
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This week in celebrity real estate: Rihanna escapes real estate purgatory,...
Rihanna, Sunset Strip home, Dax Shepherd, Kristen Bell and Los Feliz estate (Wikipedia/Getty Images/MLS) There’s never a dull moment in the world of celebrity real estate, and this week had its own...
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The September issue is live!
In 2007, Sam Zell, the outspoken chair of Equity Group Investments, sold Equity Office Properties Trust to Blackstone Group for $36 billion. That same year, he bought Tribune Company for $8.2 billion,...
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The priciest home listings in LA last week
Priciest listings (MLS) The joy of indoor-outdoor living dominated last week’s priciest listings. Three of the contemporary-style homes in Los Angeles have walls of glass that can be pushed aside to...
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Sam Zell on the supply-and-demand lessons he got from Playboy, cursing and...
Sam Zell (Photo by Studio Scrivo) From the September issue: Sam Zell is the brash and outspoken chairman of Equity Group Investments, a private equity and venture capital firm he founded more than 45...
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Will Apple set up shop in Culver City?
The Culver Studios lot (via Culver Studios) There’s a chance Apple will be making its big splash into Hollywood faster than we think. There are rumors that the company is in talks to move its new...
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Tyler Perry drops $15M on massive Beverly Hills mansion
Tyler Perry as Madea, Mulholland Drive home (Getty Images/MLS) Looks like Madea’s next family reunion will be in Beverly Hills. Director and actor Tyler Perry, who plays the gun-toting grandma in the...
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Letters, emails and comments to The Real Deal regarding Charlottesville
Last month, The Real Deal reached out to more than 50 top real estate executives for a quick gut check after President Donald Trump’s controversial remarks about the violence in Charlottesville,...
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