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UCLA students want a divorce from “NIMBY” Westwood Neighborhood Council
UCLA student housing (Credit: Getty Images) UCLA students are attempting to separate from the Westwood Neighborhood Council amid concerns that the group is thwarting affordable housing development in...
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The priciest home listings in LA last month
From left: 14300 West Sunset Boulevard, 110 North Rockingham Avenue and 29917 Pacific Coast Highway (Credit: MLS) To most people, October is reminiscent of cooling temperatures, falling leaves,...
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Bank of Ozarks sheds a layer of regulation
George Gleason From TRD New York: Bank of the Ozarks in June did away with its holding-company structure as a way to save costs by removing oversight by the Federal Reserve. And while other banks have...
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Millennials are finally buying homes — but only when they’re Instagrammable
Millennial couple posing for their first time homebuyer photoshoot (Credit: Getty Images) What’s that noise you hear? It’s a broker tapping his toes as he waits an hour for his client to pick up her...
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Fannie Mae wants to make it easier to build a home
A new home under construction From TRD New York: Mortgage giant Fannie Mae wants to make it easier for prospective homebuyers to build new homes. The company is considering multiple initiatives that...
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Everything you need to know about LA’s new transit-oriented development...
(Photo illustration. Credit: Los Angeles Metro) A new city planning initiative aims to add affordable housing development near mass transit, but some real estate insiders question whether it does...
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“Million Dollar Listing LA”: Keep your friends close and your brokers closer
From left: Josh Altman, Tracy Maltas and Madison Hildebrand What’s in a real estate deal? For Madison Hildebrand, it’s reckoning with brokers past, those who have felt wronged by him and he, wronged by...
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Frank Gehry will “transform” Inglewood building into Philharmonic concert hall
Architect Frank Gehry and the iconic Walt Disney Concert Hall (Credit: Getty Images) There’s at least one man in Los Angeles who doesn’t quite comprehend the whole “retirement” deal. Frank Gehry has...
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Geoff Palmer lands $267M refi on apartment portfolio
Geoff Palmer (Credit: Getty Images) Geoff Palmer, a Tr**p confidante and real estate billionaire, secured a $266.8 million refinancing on a four-property multifamily portfolio, The Real Deal has...
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This week in celebrity real estate: “Kimye” sell Bel Air home for hefty...
Della Reese’s property at 1910 Bel Air Road, Kim Kardashian and Kanye West with their home in Bel Air (Credit: Getty Images) Good things come in pairs? This week, celebrity real estate was dominated by...
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Former Avery Dennison HQ in Pasadena in contract to sell for $50M: sources
From left: Doheny Eye Institute, the commercial property at 150 North Orange Grove in Pasadena (Credit: Doheny Eye Institute, 150 Orange Grove) Real estate investment firm SteelWave is under contract...
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Hotelier André Balazs accused of groping multiple women
André Balazs (Photo illustration using Getty Images) From TRD New York: At least four women have accused André Balazs of groping them, adding the celebrity hotelier to the growing list of powerful men...
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Movers & Shakers: Partners Trust poaches PCH Estates founder, Compass snags a...
From left: Scott Steuber, Jacob Bobek and Jeff Vertun Partners Trust – soon to be called Pacific Union – poached PCH Estates founder Robert Edie to join the firm’s Malibu office. Edie started...
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“The greatest fundraising machine in the history of America”: Will Compass’...
Ori Allon and Robert Reffkin From TRD New York: For nearly five years, Compass’ rivals have told a well-worn story that goes something like this. It has too many engineers. It’s spending too much. The...
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Johnny Depp sold last of five condos at DTLA’s Eastern Columbia Building
Johnny Depp and his Eastern Columbia Art Deco penthouse (Credit: The Agency, Getty Images) The pirate is officially sailing away from Eastern Columbia Building. Actor Johnny Depp sold his last...
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Redfin’s revenue hits $109.5M but home sales are flat
Glenn Kelman of Redfin From TRD New York: Redfin generated $109.5 million in third-quarter revenue — up 35 percent from the prior year — even as tight inventory took a bite out of potential home sales....
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Steve Hilton sells oceanfront Malibu home at discount
Steve Hilton and his 3-story Malibu Cove Colony Beach House (Credit: Pritchett-Rapf & Associates) Philanthropist and hotel heir Steve Hilton found a buyer for his three-story home in the gated...
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Blockchain’s real estate break
From TRD New York’s latest issue: In September, REcoin, a startup that billed itself as the “only cryptocurrency backed by real estate,” was busted for fraud by the U.S Securities and Exchange...
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NIMBY victory: Long Beach scales back its plans for dense development
(Credit: Getty Images) After much contentious back-and-forth between community residents and officials, the City of Long Beach has decided to side with the NIMBYs in town. New plans for the city will...
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Is DTLA’s Broadway district the next streetwear hub?
(Credit: Getty Images) Just last year, rapper Kanye West revealed that each pair of Yeezy’s produced in a run of 40,000 pairs had sold out in under two minutes. And it’s not the only sneaker with a...
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