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Starwood to buy the Pacific Corporate Towers in El Segundo: sources
Barry Sternlicht, CEO of Starwood Capital Group, with Pacific Corporate Tower (Credit: 42 Floors, Wikimedia Commons) Starwood Capital Group is in contact to buy a three-building office complex at...
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What they’re reading now
Eugene Pinover New York Real Estate Practice chair, DLA Piper What are you reading right now, or what did you finish most recently? “The Underground Railroad” by Colson Whitehead. What spurred you to...
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Shop owners file claims against Port of LA over $100M development
Rendering of San Pedro Public Market (Credit: Port of Los Angeles) The $100 million San Pedro Public Market project is moving forward — but not everyone is pleased. Roughly 15 shop owners filed claims...
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Council members seek to change outdated Ventura Boulevard plan
Collage (Credit: Wikimedia Commons) Council members are pushing for development rules to change in an area best known via Tom Petty: “west, down Ventura Boulevard.” Four Council members are trying to...
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Nile Niami’s “Opus” receives $15M price chop
Stills from Opus trailer Despite all efforts, it seems sex doesn’t sell for $100 million. Developer Nile Niami’s trophy piece “Opus” dropped $15 million just one month after hitting the Multiple...
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KB Home CEO yelled sexist slurs at Kathy Griffin — and it was caught on tape
Kathy Griffin and Jeffrey Mezger (Credit: KB Home, Wikimedia Commons) KB Home CEO Jeffrey Mezger was just got caught in a gnarly Los Angeles home dispute last week, and it has nothing to do with his...
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News anchor Nancy O’Dell sells Pasadena home in under a month
Nancy O’Dell, Lombardy Road home (Getty Images/MLS) Veteran news anchor Nancy O’Dell saw a quick turnaround for her Mediterranean revival-style home. The “Entertainment Tonight” co-anchor sold her home...
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Red Light Management to relocate from WeHo to Culver City
Rendering of C3 and Dave Matthews Band (Credit: C3, Red Light Management) Culver City is having a good week. Hot on the heels of the news that Brooklyn’s Roberta’s pizzeria has signed a lease at the...
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Fed to start selling bonds, keeps interest rates steady
Janet Yellen (Credit: Getty Images) From TRD New York: The Federal Reserve said Wednesday it will start shrinking its bond portfolio in October following a unanimous vote, but low interest rates could...
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KB Home CEO’s bonus slashed after Kathy Griffin debacle
Jeffrey Mezger (Credit: KB Home, Getty Images) After receiving national attention over its CEO’s choice of words, national homebuilder KB Home is putting Jeffrey Mezger on blast. The Los Angeles-based...
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CMBS loan on Macerich’s Westside Pavillion sent to special servicing: Trepp
Westside Pavillion (Credit: Westsdie Pavillion) Los Angeles mall owners are attempting to reinvent their properties before they become irrelevant — but not all of them have moved quickly enough to...
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180-key Cambria hotel will replace Historic Core building
419 S Spring Street (Credit: Gary Leonard, Cambria Hotels) After three years in the works, plans for a vacant 1927-built building are moving ahead. Hollywood-based developer PNK Group is renovating the...
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Resi agents strive to polish image of South Florida’s coastal homes after...
Aerial view of Coconut Grove, Jill Eber, Alicia Cervera Lamadrid and Jeff Miller From TRD Miami: Life is returning back to normal in South Florida, but cleanup after the storm isn’t over yet....
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Historic Higgins House in Windsor Square seeks $9M
John C. Austin and the Higgins House (Credit: MLS, Wikimedia Commons) A home with more history than most items at the Getty Museum just hit the market. The John C. Austin-designed Victorian home in...
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David Binswanger taps Brandon Wang to oversee Lincoln Property Company’s...
From Left: David Binswanger, Brandon Wang (Credit: Lincoln Property Company) Lincoln Property Company’s West Coast unit — led by Los Angeles-based developer David Binswanger — is making moves in...
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Movers & Shakers: JLL names SVP, HFF hires new director…& more
From Left: Dana Brody, Michael Roberts (Credit: CAG, LinkedIn) JLL hired multifamily broker Dana Brody out of the brokerage Commercial Asset Group. As a senior vice president, Brody will focus on...
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Party Poopers, the sequel: City attorney files criminal charges against...
Michael Feuer (Credit: Wikimedia Commons) What do a lion, elephant, thumping music and booze have in common? They’re all on the verge of being banned in the glitzy area above the Sunset Strip known as...
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Robert Durst murder trial gets hit with a 6-month delay
Robert Durst (Credit: Getty Images) From TRD New York: Hurricane Harvey has delayed Robert Durst’s California murder trial for six months after the defense attorney’s Houston office was flooded. On...
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SCG takes on Greenland and Oceanwide with smaller — and therefore cheaper —...
Rendering of Perla (Credit: SCG America) SCG America, the U.S. subsidiary of Shanghai Construction Group, broke ground on a 35-story, 450-unit condo tower and retail complex at 400 S. Broadway on...
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Retail developer plans mixed-use development in Venice
Steve Fogel at 825 Hampton Dr (Credit: Google Maps, stevenjayfogel.com) Retail developer Westwood Financial plans to demolish an existing vacant structure at 825 Hampton Drive in Venice to make room...
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