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Kort & Scott buys Chelsea Santa Monica apartments from Century West
1318 2nd S, From left: Lee Kor, Michael Scott (Credit: Chelsea Santa Monica, MHPHOA) Platinum Acquisitions, a subsidiary of Kort & Scott Financial Group, acquired the Chelsea Santa Monica, a...
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NUE hotel in Hollywood gets greenlight
1525 Cahuenga Boulevard and rendering (Credit: Google Maps, nKlosures) The city recently approved plans for a 55-key boutique hotel at 1525 Cahuenga Boulevard in Hollywood. The hotel is dubbed “NUE”...
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LA resi sales velocity, in one chart
(Credit: Twitter @jonathanmiller) Almost half of residential sales in Los Angeles recorded in the second quarter took 30 days or less to close, according to a chart by Miller Samuel CEO Jonathan...
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Dropping soon: The Real Deal’s fall issue!
The Real Deal Los Angeles‘ fall magazine is set to hit newsstands this October! The upcoming issue is packed with the most important industry news and insider information, including a look inside the...
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Kaiser Permanente outlines expansion plans for LA campus
Kaiser Hospital (Credit: Wikimedia Commons) Kaiser Permanente’s plans for expansion are very much alive and kicking. The Oakland-based health provider filed an environmental review for its three-phase...
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Television couple Mary Hart and Burt Sugarman chop price of Downtown condo
Mary Hart and Burt Sugarcane with The Ritz Carlton Residences at LA Live (Credit: Getty, Gensler) With an extra broker and a cheaper price tag, they’re hoping for better luck this time. Television host...
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Protesters rally against Realm and Urban Offerings’ Fashion District...
Rendering of 7th & Maple (Credit: Urban Offerings, Wikimedia Commons) When it comes to developing Downtown’s once-untouched areas near Skid Row, there’s no rose without a thorn. Activists gathered...
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National Cheat Sheet: Online RE investment platform scores funding from...
Clockwise from left: Janet Yellen, Nile Niami’s “Opus,” Ray Sturm and Steve Cohen From TRD New York: AlphaFlow scores investment from Steven Cohen’s VC fund Online real estate investment platform...
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Vanbarton buys WeWork-anchored Hollywood building from CIM: sources
7083 Hollywood Boulevard, From left: Richard Coles, Gary Tischler (Credit: CIM Group) Vanbarton Group acquired a WeWork-anchored building on the Hollywood Walk of Fame in an off-market deal with CIM...
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Council member Bob Blumenfield thinks Amazon should move to the Valley
Bob Blumenfield and Warner Center (Credit: lacity.org, Wikimedia Commons) Just weeks after Los Angeles officially nabbed the 2028 Olympics, another bidding war has already begun. As Amazon hunts for a...
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Here’s why millennials aren’t buying houses
The median annual income of millennials surveyed was $38,000. (Pixabay) The answer shouldn’t come as a surprise: it’s because they’re still in debt from college. A new report from the National...
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Garcetti puts pressure on owners to retrofit as LA is deemed one of the most...
Eric Garcetti and damage from the 1994 Northridge earthquake (Credit: Getty, Wikimedia Commons) In light of the deadly earthquake in Mexico on Sept. 19, Los Angeles Mayor Eric Garcetti is recommending...
View ArticleDouble tap: Here’s a look at the best shots shared on Instagram this week
From TRD New York: A lot went down in the world of real estate this past week — and Instagram was there for us to document it all. Here’s a look at some of the best uploads from around New York, Miami...
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New development shakeup: The Agency is taking over sales at Metropolis from...
Rendering of Metropolis, From left: Mauricio Umansky, Billy Rose, Howard Lorber (Credit: Greenland USA, the Agency, Douglas Elliman) Douglas Elliman entered the Los Angeles market with a bang, nabbing...
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Hotels are hiding room rates in “resort fees,” but the Feds have taken notice
Crowne Plaza Times Square From TRD New York: More hotels charge carefully hidden resort fees as they face growing competition from Airbnb and tumbling room rates. The number of hotels charging such...
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Pitch Perfect: Brokers on the art of winning resale listings
The pitching process for resale business increasingly mimics that of new development. From TRD New York: From time to time, Lauren Muss flips open a folder on her desk called “lost exclusives.” The...
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Finnito: Developers file for bankruptcy after Beverly Hills project unravels
Rendering of the property at Kirkland Drive cul-de-sac (Credit: Beverly Bellevue) After struggling to develop a massive “landlocked” lot in Beverly Hills, a group of Finnish investors have filed for...
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Newhall Ranch developer get greenlight after decades-long dispute
Newhall Ranch rendering with Emile Haddad (Credit: FivePoints Development) Finally, after twenty years and a $25 million settlement, Santa Clarita will receive more than just a Netflix show. The...
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Rebuilding after Irma
The storm surged along North Fort Lauderdale Beach Boulevard on Sept. 10. From the Fall issue: Hurricane Irma has moved on. The winds have died down. The waters have receded. The lights are back on....
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South Korean investment firm is buying DreamWorks HQ in Glendale: report
Kim Jung-tai and DreamWorks Animation’s headquarters at 1000 Flower Street (Credit: Griffin Capital, Hana Financial Group) Hana Asset Management and partner Ocean West Capital are in advanced talks to...
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