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David Geffen rumored to be selling Carbon Beach pad for $85M
David Geffen and his Carbon Beach pad David Geffen is in contract to sell his highly sought after Carbon Beach pad for a whopping $85 million, according to several sources cited by Variety. The music...
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A look inside the Calabasas estates of Khloé and Kourtney Kardashian
Kourtney Kardashian’s home office in Calabasas (credit: Architectural Digest) In case we don’t have enough of a sense of their inner lives, Khloé and Kourtney Kardashian opened up their homes to...
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Tiny office building near East Hollywood sells for $3.45M
The building at 137 North Virgil Avenue in Koreatown Unimat Real Estate Services shelled out $3.45 million, or roughly $220 a square foot, for a 15,711-square-foot office property on the edge of...
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Metropolitan Equities launches in Westwood
Gustavo Boros and the Center West tower in Westwood Metropolitan Equities, a Westwood-based private equity investment company focused on commercial real estate, launched today with plans to acquire up...
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Submarket Snapshot: El Segundo
The building at 222 North Sepulveda Boulevard in El Segundo Asking rents in the tech overflow submarket of El Segundo/Beach Cities increased 2.2 percent during the fourth quarter to $2.84 a square foot...
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Current reader favorites: 1. Facebook signs lease for 35K sf in Playa Vista 2. Clarion Partners buys Hollywood Media Campus for $61.3M 3. Onni Group to buy one of the Anjac Fashion buildings in DTLA...
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Warmington’s new Eagle Rock homes to start at around $700K
An early rendering of the Eagle Rock homes (subject to change) The quirky, burgeoning hipster enclave of Eagle Rock, known for its 1920s-era homes, is getting one of its largest new residential...
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Which real estate stocks performed the best since 2011?
Equity Residential’s Sam Zell and RiverTower at 40 East 54th Street From the February issue: In early January, Forest City Ratner became the latest prominent real estate company to ditch the secrecy of...
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Majestic Asset Management buys Canwood Business Park for $21M
The exterior Canwood Business Park today and a rendering of Majestic’s plan for its interior renovation Not even Agoura Hills in L.A.’s Conjeo Valley is safe from the creative office conversion craze,...
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We heard…celebrity house flips, hotel rooms galore …& more
Steve Gozini Psssst: BH Properties’ Steve Gozini is rumored to have bought Steven Spielberg’s Malibu compound last year for $26 million, only to flip it back up for sale at $35 million. Meanwhile,...
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NGKF’s Kevin Shannon on a booming Q1 and his favorite deal of all time
Kevin Shannon Kevin Shannon is the president of the west coast capital markets team at NGKF, where he specializes in selling high-priced commercial properties. He moved to NGKF in January after nearly...
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Alliance Residential buys Sherman Oaks apartments for $81M
The Grand apartments at 4735 Sepulveda Boulevard in Sherman Oaks Alliance Residential Co. of Phoenix shelled out $81 million to acquire a 236-unit Class A multifamily building at 4735 Sepulveda...
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Submarket Snapshot: Mid-Wilshire
Vacancy in Hollywood and Mid-Wilshire (credit: Colliers International) The Mid-Wilshire office submarket saw its average total vacancy increase in the fourth quarter to 17.4 percent, up from 10.2...
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Current reader favorites: 1. Facebook signs lease for 35K sf in Playa Vista 2. Jeff Hyland on LA’s “bogus” celebrity culture and the softening residential market 3. A look inside the Calabasas estates...
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CBRE’s Peter Sherman to head multi-family unit at Avison Young
Peter Sherman Peter Sherman, a senior vice president at CBRE, has jumped to Avison Young, where he will lead the firm’s Southern California multi-family institutional investment sales practice, Avison...
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Miley Cyrus picks up Malibu home for $2.5M
Miley Cyrus (credit: wiki) From the New York site: Provocative pop star Miley Cyrus already owns two west coast homes, including a $3.9 million, mid-century in Studio City and a $5 million ranch in...
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Paragon and Canyon Sell Hawthorne Plaza for $43M
Superior Grocers at the Hawthorne Plaza retail center The difference between selling a vacant and tenanted supermarket center? Apparently, it’s about $17 million. Paragon Commercial Group and Canyon...
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Construction mogul John Tishman dies at 90
John L. Tishman From the New York website: John L. Tishman, the longtime head of Tishman Realty and Construction Company, died on Saturday at his home in Bedford, N.Y., at age 90. Tishman inherited the...
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Stockdale buys medical building in DTLA for more than $50M
The building at 2100 West Third Street and broker Bob Safai Continuing its efforts to acquire a portfolio of L.A. medical properties, Stockdale Capital Partners bought a Downtown medical office...
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The Wrap: LA developers accused of stealing millions, a look around LAX’s...
Los Angeles International Airport 1. L.A. developers accused of stealing millions in affordable-housing scheme [LAT] 2. Take a good look around LAX’s People Mover system plans [Curbed] 3. Another...
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