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Gehry’s $1B The Grand project finally underway Downtown
Architect Frank Gehry and renderings of The Grand in Downtown Los Angeles, (Credit: Related Companies) A massive $1-billion development designed by Frank Gehry is finally coming to Downtown Los...
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Mortgage originations hit 4-year low: NY Fed
(Credit: Wikipedia and Pixabay) Mortgage originations fell last year, while new auto loans hit all-time highs, according to a report by the Federal Reserve Bank of New York released on Tuesday. New...
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Blackstone unloads Westlake and Valencia assets for $114M
Chris Graham, Managing Director for Blackstone’s LA outfit, with 27200 Tourney Road and 249-269 LaFayette Park Place Blackstone Group has sold two Los Angeles properties — an apartment complex in...
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Amazon says it won’t come to New York
Anti Amazon graffiti displayed in the Long Island City (Credit: Getty Images) Leaving a $3 billion incentive package on the table, Amazon has decided against coming to New York City. The company told...
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Friendly Franchisees Corp. digs into Long Beach with resi complex purchase
The pool at the Landing at Long Beach Friendly Franchisees Corp. acquired a 206-unit apartment complex in Long Beach. The Landing at Long Beach, at 1613 Ximeno Avenue, has 18 two-story buildings and...
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Trump admin considers sidestepping Congress to overhaul Fannie and Freddie
Steven Mnuchin and Nancy Pelosi (Credit: Getty Images) The Trump administration may bypass Congress in its effort to privatize Fannie Mae and Freddie Mac, which have been in government...
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Hudson Pacific earnings fall 50% in Q4 but CEO bullish about year ahead
Victor Coleman and a rending of Maxwell (Credit: Hudson Pacific Properties) Despite an enviable list of tenants gearing up to lease its studio and office space, Hudson Pacific Properties saw its...
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Planning commission green lights mixed-use complex near USC
Ventus Group Executives Scott Gale and John Booty A new sprawling complex planned for a site near the University of Southern California is making its way through the approvals process, whether...
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After year of snapping up companies and properties, Brookfield reports...
Bruce Flatt and Manhattan West Brookfield Asset Management, which gobbled up Forest City Realty Trust, General Growth Properties and Kushner Companies’ 666 Fifth Avenue is en route to becoming New...
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LMU plans new dorms for increased enrollment
LMU President Timothy Law Snyder and renderings of the planned dorms Facing a swelling student body, Loyola Marymount University is planning to build two student-housing buildings with more than 600...
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Redfin lost $42M in 2018 amid advertising push
Redfin’s Glenn Kelman (Credit: Redfin) Redfin’s losses widened to $42 million in 2018, as the discount brokerage invested heavily in direct advertising to fuel its growth. Despite the slowing housing...
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National Cheat Sheet: Amazon dumps NYC, Google plans $13B real estate...
Clockwise from top left: Amazon cancels HQ2 plans for Long Island City, Google plans multibillion-dollar, cross-country real estate investment, Sears plans to downsize, focus on tools and appliances...
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Flexible office provider Knotel enters LA market with Santa Monica outpost
Knotel CEO Amol Sarva and 429 Santa Monica Boulevard Shared office space company Knotel will open its first Los Angeles outpost in Santa Monica, expanding its U.S. reach from New York and San...
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“They know how to reach us.” Rejected Amazon HQ2 suitors may give it another try
Top to bottom: Chicago, Miami, Newark, Dallas, and Jeff Bezos recieving phone calls (Credit: Getty Images, Pixabay, and Wikipedia) What about now? They may have been rejected once, but they’re not...
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City Century’s $1B Olympia project clears LA Planning Commission
Shenglong Group Chairman Yi Lin and a rendering of Olympia City Century has cleared the first hurdle to building its $1 billion mixed-use Olympia project in South Park. The Los Angeles City Planning...
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Amid mounting scrutiny, Trump Org abandons plans for hotel chains
Eric Trump and Donald Trump Jr. with a rendering of a Scion Hotel (Credit: Getty Images and Alterra International) The Trump Organization is abandoning plans to build two nationwide hotel chains amid...
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Glendale landlords will pay relocation fees if they hike rents more than 7%
Glendale City Council and Mayor Zareh Sinanyan Glendale has passed a mandatory relocation fee ordinance meant to assist renters priced out of their apartments. It’s an early move by lawmakers in Los...
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Should seniors take the rap for the gap in homeownership by millennials?
(Credit: iStock) Are senior homeowners preventing millennials from buying houses? Could the decisions of millions of older owners to “age in place” rather than sell their homes explain why millennials...
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Five plans win contest to build better homeless housing
Phil Ansell, head of the L.A. County Homeless Initiative and a rendering of one of the winning ideas from LifeArk (Credit: LifeArk) Los Angeles officials have announced the winners of a challenge to...
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New Russia sanctions bill targets LLCs in real estate, again
From left: Lindsey Graham, Bob Menendez, and the Foreign Security Council, Take 2 (Credit: Getty Images, Pixabay, and Wikipedia) The “sanctions bill from hell” is back from the dead. Republican Senator...
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