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EB-5 is alive, but for developers and investors future remains uncertain
(Credit: Max Pixel) EB-5, the once wildly popular green card program giving developers easy access to financing at low rates, is alive but in limbo. Developer demand has fallen, and backlogs in issuing...
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This way to the beach: Supreme Court won’t hear billionaire’s appeal to close...
Vinod Khosla and the California coast (Credit: Wikimedia Commons) The Supreme Court has refused to hear a tech billionaire’s appeal to overturn a ruling that gives public access to a path running...
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Media distribution firm inks lease at Hollywood 959
First Property Realty co-owner Micheal Geller and Hollywood 959 J.H. Snyder Company’s Hollywood 959 creative campus is now 75 percent leased, after inking a lease with an entertainment firm. Deluxe...
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MG Properties bets on Woodland Hills with 264-unit resi purchase
MG Properties Group CEO Mark Gleiberman and Carillion Apartment Homes MG Properties Group is the latest firm to get in on the multifamily game in Woodland Hills and Warner Center area. The San Diego...
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Redfin Estimate might be making homes more expensive
(Credit: iStock) Redfin Estimate could be inflating the value of certain homes. Joseph Alongi, founder of the low-fee brokerage SoldNest, recently argued that the company has had a big impact over the...
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Here’s how real estate agents can manipulate listings. And here’s what’s in...
(Credit: iStock) Manipulating the Multiple Listing Service has been the talk of the industry ever since a soap-opera case involving the Jills came to light this summer. But gaming the system isn’t just...
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Developers can expect more friendly zoning with new housing law
State Senator Scott Wiener and construction A pair of bills California’s governor has approved could lead to more dense zoning across California, which would be a boon for developers. On Sunday, Gov....
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Cleveland Cavs co-owner buys Beverly Hills home for $27M
Gary Gilbert, a co-owner of the Cleveland Cavaliers, purchased a home in the Beverly Hills flats for $26.5 million (Credit: Google Maps) While he won’t be donning a Lakers jersey anytime soon, a...
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It’s not “The One” but Nile Niami’s new mansion is still pretty mega
Nile Niami and his $65 million spec mansion Nile Niami has delivered another mega-mansion to the Los Angeles market, and once again it’s in Bel Air. The prolific developer has listed a $65 million...
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How the Trumps bilked the IRS out of hundreds of millions in taxes on their...
President Donald Trump (Credit: Getty Images) President Donald Trump and his family engaged in a series of elaborate schemes, some potentially illegal, over several years to avoid paying taxes on the...
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Abacus Capital buys West Covina apartment complex for $34M
The Atrium Apartments in West Covina changed hangs for $33.9 million (Credit: CBRE) In a sign of mounting demand for investment in the area, a New York-based firm bought an apartment complex in West...
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1st St. Properties enters and theater exits Westlake stage left
A concept drawing of the new theater and the existing theater at 1345 W. First Street (Credit: Gareth Simpson via Flickr) It’s curtains for The Bob Baker Marionette Theater in Westlake. The theater...
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That empty feeling: Shopping mall vacancies hit a 7-year high
An empty mall with “For Rent” signs (Credit: iStock) Despite all the doom and gloom over shopping malls, one key figure remained fairly strong. Nationwide, average rents have either stayed the same or...
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Konoike Group plans 55k sf cold storage facility in Wilmington
Konoike Group CEO Tadahiko Konoike and the largely vacant lot where his company wants to build its new cold storage facility A Japanese transport and engineering company wants to build its third...
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Google touches down in Spruce Goose
Google’s CEO, Sundar Pichai and The Spruce Goose Hangar (Credit: Hunter Kerhart Architectural Photography) Google is officially loose in the Spruce Goose. The company moved into the historic former...
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Canyon Partners invests $49M into new Hyatt House Hotel
Canyon Partners provided a $49-million loan for the development of a five-story, 200-room Hyatt House Hotel at USC’s Health Sciences Campus. (Credit: LosAngelesArchitects.org) Canyon Partners is giving...
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New York State to investigate Trump family for possible tax evasion
Andrew Cuomo, Trump Palace at 200 East 69th Street, and Donald Trump (Credit: Wikipedia and Getty Images) The New York State Department of Taxation and Finance is launching an investigation into the...
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Kurt Rappaport delves into commercial with $40M buy on Canon Drive
Kurt Rappaport and the property Kurt Rappaport has paid about $40 million to acquire 23,000 square feet of retail space in Beverly Hills, the first major commercial venture for the longtime residential...
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Lennar reports strong Q3 earnings amid industry pressures
Stuart Miller (Credit: iStock) Lennar reported strong third quarter earnings on Wednesday, yet indicated that new home orders and deliveries would be below expectations in the upcoming quarter as a...
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Video game developer drops $12M for Hollywood Hills “castle”
Jeff Strain and the so-called “Castle” in the Hollywood Hills Whoever said that playing video games can’t make you rich hasn’t been to Los Angeles lately. Jeff Strain, who helped create the massively...
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