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PG&E says it’s “probable” its equipment caused deadly Camp Fire
Utility crews at site of Camp Fire Pacific Gas & Electric Co. is assuming blame for the worst wildfire in California history. On Thursday, the company said it is “probable” that its equipment...
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Three car dealerships dealt for $61M in West Covina
Left: 2010 East Garvey Avenue, Right: 1829 East Garvey Avenue, Bottom: 2016 East Garvey Avenue South (Credit: Google Maps) Buckle up, West Covina. Three auto dealerships along Garvey Avenue changed...
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When it comes to Opportunity Zone sites, investors say buy now, plan later
A map of opportunity zones (Credit: Enterprise Community Partners and iStock) The rush to buy Opportunity Zones sites has already begun, but then what? Investors have started buying up properties and...
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Wilshire Rodeo Plaza in Beverly Hills could fetch $350M in bids
Nuveen CEO Mike Sales and 9536 Wilshire Boulevard (Credit: LoopNet) Nuveen Real Estate, hot on the heels of an industrial portfolio purchase, is looking to unload some of its commercial assets. The...
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Starwood expects to boost offshore investing as US economy slows
Barry Sternlicht Chairman of Starwood Capital Group (Credit: Wikipedia) Starwood Property Trust’s Barry Sternlicht told analysts the real estate investment trust increased its offshore spending in...
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Plans filed for 88-unit apartment complex in South L.A.
From left: Jay Martinez and Darin Spillman with 6901 South Western Avenue in Chesterfield Square (Credit: Hudson Partners) More redevelopment is coming to South L.A., where investment has been on the...
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Harvard Heights multifamily trades for $12.6M
1057 South Western Avenue Prana Investments has offloaded a 76-unit apartment complex in Harvard Heights for $12.6 million. The San Francisco-based firm sold 1057 S. Western Avenue to an LLC tied to...
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In legal back and forth, Mastroianni hit with new suit over EB-5 investments...
From left: Zoe Ma, a rendering of 701 Seventh Avenue and Nick Mastroianni (Credit: PBDW Architects, and Nicholas Mastroianni) An EB-5 activist known for organizing Chinese investors filed a...
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Lack of workplace housing is risk to booming San Fernando Valley economy
The middle class is being thinned out in the San Fernando Valley (Credit: iStock) The San Fernando Valley economy is booming. But high housing costs are contributing to the exodus of an increasing...
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Amazon is launching a new supermarket brand, starting in LA
Jeff Bezos (Credit: Getty Images and iStock) Amazon is planning to launch a new line of grocery stores in several major U.S. cities. The first store is set to open in Los Angeles as early as the end of...
View ArticleMark your calendars: These are LA’s top real estate events next week
Here are the real estate event in Los Angeles on tap next week: On March 6, InterFace Conference Group will host its 10th Annual Heathcare Real Estate West event at the Omni Los Angeles Hotel at...
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Kylie Jenner buys La Quinta lot and development plans for $3.3M
Kylie with La Quinta’s Madison Club (Credit: Getty Images and Zillow) An open lot in La Quinta’s Madison Club community is the latest star of the Jenner family real estate adventures. A trust linked to...
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Art Deco treasure trove in San Pedro up for landmark status
741 South Pacific Avenue A staple in San Pedro’s monthly art walk is eyeing to become a more permanent fixture in the bustling community. The 21,000-square-foot building at 741 South Pacific Avenue,...
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Cost for subway extension linking Westside to DTLA doubles to $3.2B
LA officials at a groundbreaking ceremony for the Purple Line Extension in 2014 (Credit: Flickr) A potential real estate development boom for the Westside of Los Angeles from a new subway extension...
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Clients of CRM Contractually are spooked by Compass takeover
Compass CEO Robert Reffkin and Contactually CEO Zvi Band It’s only been a few days since the $4.4 billion SoftBank-backed brokerage Compass bought Contactually, a cloud-based customer relationship...
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The We Company laid off as many as 300 employees this week
The We Company laid off as much as 3 percent of its workforce this week. The We Company, the SoftBank-backed co-working giant that was last valued at $47 billion, laid off as many as 300 employees this...
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More Americans are paying mortgages on time
A couple paying their mortgage (Credit: iStock) It’s a real estate and social barometer that doesn’t get a lot of publicity, but it’s important: More Americans are paying their mortgages on time today...
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Boutique firm plans 92-unit building in East Hollywood
Gelena Skya, founder of Skya Ventures and 1317 North New Hampshire Avenue (Credit: Google Maps) A boutique real estate firm is planning a 92-unit apartment building in East Hollywood with affordable...
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This week in celeb real estate: Neverland Ranch re-lists at huge discount,...
From left: Michael Jackson and Neverland Ranch, and Elizabeth Taylor (Credit: Getty Images) Red Carpet preening at the Oscars and teary testimony from Michael Cohen offered stiff competition for...
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Can’t afford student housing? Live with retirees
University housing programs match students with seniors who have extra space in their homes (Credit: Getty, Pixabay) Student housing has become so unaffordable in expensive cities like San Francisco...
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