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The Catholic Church is in the market for an LA vacation home
The Chateau Emanuel at 1154 Hill Drive Talk about a holy retreat. The Archdiocese of Los Angeles is considering buying Chateau Emanuel, a 3-acre estate in Eagle Rock, as a “retreat and prayer center,”...
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Movers & Shakers: Colliers, CBRE and Savills Studley
From left to right: Nick Rittenhouse, Robert Stamm and Bill Bauman When Robert Stamm moved from Savills Studley to Colliers, he took his whole capital markets team with him. This new addition to...
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New York developer is latest to buy into DTLA hotel boom with purchase of...
Matthew Baron and the Stay on Main hotel Simon Baron Development, a significant player in the New York City real estate market, is making moves in Los Angeles. The company has acquired the...
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Boston Properties buying Blackstone’s stake in Colorado Center for more than...
A building at the Colorado Center in Santa Monica and Boston Properties President Doug Linde UPDATED, 10:25 p.m., April 6: It has long been rumored that Boston Properties, one of the largest landlords...
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Current reader favorites: 1. City Council changes course on Cahuenga development 2. Could slowdown in VC funding dent the office market? 3. Beachbody expands HQ to IMAX Building in SaMo 4. 10 of the...
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Steve Wynn may lose money on sale of $16M Bel Air mansion
Steve Wynn and his house at 565 Perugia Way Steve Wynn should know that the house always wins. But, in what might serve as an unwelcome reminder, the casino mogul’s change of heart over a Bel Air...
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Trump claims FEC filing demonstrates sky-high wealth, income
Donald Trump (credit: Gage Skidmore / Wikimedia Commons) From the New York site: Presumptive Republican presidential nominee Donald Trump has long said he’s worth $10 billion, and now claims a new...
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L.A. home prices up 7 percent in one year: CoreLogic
An L.A. County house on Doheny Drive House prices in L.A. county are still on the up. The median price of homes in the county rose by more than 7 percent last month, despite a 2.3 percent drop in the...
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Elliman axes Elevate mag after 18 months
From left: Now-defunct Elevate magazine and current issue of Elliman magazine From the New York site: Douglas Elliman is stopping the presses for good on “Elevate,” the magazine it launched to great...
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Borat actor sells house above Laurel Canyon for $2.5M
Cohen’s house (credit: Trulia) Sacha Baron Cohen has some weight off his shoulders — namely, a 2,800-square-foot mid-century residence in Hollywood Hills, which he sold for $2.5 million. The buyer of...
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Top 10 biggest foreign investors pouring capital into L.A. real estate
(credit: Eda Kouch, TRData) Overseas investors and developers have been rushing in to fund the revitalization of Downtown Los Angeles, in addition to buying assets in other locations throughout the...
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CBRE Global Investors sells HQ in DTLA for $330M
The building at 400 S. Hope St. and PNC CEO William Demchak CBRE Global Investors sold the Downtown Los Angeles headquarters of its parent company, CBRE, for approximately $330 million in a deal that...
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Elliman marketing chief Nicole Oge leaves firm after two-year branding blitz
Howard Lorber (Credit: STUDIO SCRIVO) and Nicole Oge From the New York website: Nicole Oge, who spearheaded Douglas Elliman’s all-out marketing blitz and quickly became one of the most influential...
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Current reader favorites: 1. Boston Properties buys Blackstone’s stake in Colorado Center for > $500M 2. NY developer buys into DTLA boom with purchase of “haunted” hotel 3. Beyoncé and Jay Z...
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Blackstone mulls sale of 137M sf European warehouse portfolio
From left: Logicor in Poland and Jonathan Gray From the New York site: The Blackstone Group is considering either selling its European industrial-property arm in a deal that could value the company at...
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Number of million dollar L.A. homes up 8% since 2012
Maybe “Million Dollar Listing” really is reality T.V. Since 2012, the number of U.S. homes priced at or above $1 million has risen from 1.6 percent to 3 percent, according to a Trulia report. In Los...
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Existing U.S. home sales are up for second month in a row
Model homes in Sacramento, California Home sweet home, America. Fueled by flourishing job growth and persistently low interest rates, home sales across the country rose for the second month in a row in...
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Compass poaches Courtney and Kurt from Nourmand
Courtney Smith and Kurt Wisner, now of Compass, and their office in Atwater Village Kurt and Courtney are jumping ship. Real estate’s new kid on the block Compass has poached the Eastside broker duo...
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The Agency is in late stage negotiations to merge with NYC firm: sources
From left: Mauricio Umansky, Andrew Heiberger and Joe Sitt From the New York site: Town Residential, the six-year old New York residential brokerage headed by Andrew Heiberger and Joseph Sitt, is in...
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This Malibu mobile home might be the most expensive one ever sold
A Paradise Cove mobile home that sold for $2.3 million Trailer trash? Hardly. A mobile home in Malibu recently sold for $5.3 million, marking the most expensive sale of a mobile home in the region —...
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