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Luxury brand-name residences are growing in popularity — and commanding a...
Porsche Design Tower in Sunny Isles Beach If you brand it, they will come. That’s the lesson luxury residential developers are learning as more and more buyers are purchasing properties in high-end...
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Zillow’s Zestimates are really just estimates, federal appeals court rules
Zillow CEO Spencer Rascoff (Credit: Getty Images and Pixabay) A federal appeals court upheld a lower court’s ruling that Zillow Group’s “Zestimates” aren’t meant to be precise appraisals of a home’s...
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Newsom lists 4K-sf Marin County home after closing on 12K-sf mansion
Gavin Newsom, Jennifer Siebel Newsom and their Kentfield home (Credit: Flickr) A couple of months after closing on a mansion in the state’s capital, Gov. Newsom and his wife are selling their Marin...
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Barry Shy moves ahead on long-planned 32-story DTLA tower
Developer Barry Shy and a rendering of the tower Developer Barry Shy is moving ahead with a 33-story apartment tower in Downtown Los Angeles. Shy has filed permits for the 239-unit development. The...
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Fannie and Freddie’s increased involvement in multifamily lending proves...
Isaac Kassirer with 1569 Lexington Avenue and 411 East 118th Street More known for backing single-family loans, Fannie Mae and Freddie Mac have seen their involvement in rental mortgages grow...
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After displacement drama, Bob Baker Marionette Theater relocates to Highland...
A concept drawing of the new theater and the existing theater at 1345 W. First Street (Credit: Gareth Simpson via Flickr and Google Maps) A puppet show that has called Westlake home for 55 years has...
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Kicking the can: EB-5 extended again; still lacks permanent legislation
(Credit: iStock) The federal EB-5 program has been extended yet again, this time until Sept. 30. The visa program was again included in the larger federal spending package that President Trump signed...
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Driverless car firm signs lease for $11M in Pasadena
GM Cruise, a San Francisco-based driverless car company, signed a 47,100-square foot lease in Pasadena. (Credit: Flickr) Look both ways before crossing, Pasadena. GM Cruise, a driverless car company,...
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Industrious sells spare-office-space platform to CRE brokerage
Jamie Hodari and Jonathan Wasserstrum Flexible office space firm Industrious has sold a commercial subletting platform it acquired two years ago as part of its early expansion plan. PivotDesk, an...
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Here are LA County’s top 5 office sales of January
From left: Corporate Pointe at West Hills, 27200 Tourney Road, and 1302 6th Street While January didn’t see deals as large as December, a lot of office space traded hands nonetheless. The top five...
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US housing sales declines and inventory rises, luring potential new buyers:...
(Credit: iStock) The U.S. housing market keeps slowing down, with January having marked the sixth consecutive month of declining sales. It was also the biggest year-over-year inventory increase in a...
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A million StreetEasy accounts hacked
(Credit: iStock and StreetEasy) Now you can shop for StreetEasy user accounts on the dark web. In an email to users Tuesday, StreetEasy said login information for accounts on the site had been hacked...
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Kuwaiti Consulate cultural office inks lease at DTLA tower
801 S. Figueroa The General Consulate of the state of Kuwait signed a new lease for its cultural office, moving from Century City into a 25-story office tower in Downtown Los Angeles. The country’s...
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LA County landlords convert affordable units to market rate at 5 per week:...
California Housing Partnership Southern California Director Paul Beesemyer and the William Mead Houses, a public housing project near DTLA Los Angeles County, like much of California, is in an...
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Two projects set to bring 111 affordable units to Sherman Oaks, South LA
14534 West Burbank Boulevard and 12003 Main Street (Credit: Google Maps) Two months after newly elected Gov. Gavin Newsom announced a “Marshall Plan” for affordable housing, some Los Angeles developers...
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LA City Ethics Commission OKs proposal to ban developer contributions to city...
LA City Ethics Commission President Melinda Murray and City Hall (Credit: Wikimedia) With an FBI probe into potential ethics violations involving real estate deals swirling around Los Angeles City...
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Anaheim GardenWalk retail center sells for $80M
The Anaheim GardenWalk includes approximately 430,000 square feet of space (Credit: CBRE) After going bankrupt almost a decade ago, the Anaheim GardenWalk complex in Orange County has traded hands for...
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LA’s top multifamily investment sales of January
From top left, clockwise: 1231 South Hill Street, Benedict CEO Ryan Somers and 4608–4640 Arden Way, marketed as “The Parker”, LACERA CEO Lou Lazatin, and The pool at the Landing at Long Beach (Credit:...
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EB-5 money up in the air after Greenland sells Brooklyn site
Nicholas Mastroianni, Daniel Brodsky, and Greenland USA CEO Hu Gang and a rendering of Pacific Park in Brooklyn (Credit: L&L Mag) Brooklyn’s 22-acre Pacific Park megaproject has hit another snag —...
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Latest mall redevelopment project, this one from Forest City, is a go
The Redondo Beach City Council and the South Bay Galleria Forest City’s South Bay Galleria Mall in Redondo Beach is the latest dying mall headed for redevelopment. The Redondo Beach City Council...
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