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“2016 is shaping up to be the year when cap rates stopped declining”: Green...
Green Street Advisors’ Commercial Property Price Index From the New York website: U.S. commercial real estate values continue to experience a slowdown in growth in 2016, according to a new report from...
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Submarket Snapshot: Homes in Culver City in Q1 2016
A house at 5030 Rhoda Way in Culver City (via Martin Feinberg) Culver City saw 16 homes trade hands in the first quarter for more than $1 million, down from 33 in the fourth quarter of 2015, according...
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Current reader favorites: 1. Sold! Hefner’s neighbor is buying Playboy Mansion 2. Google leased Spruce Goose hangar in Playa Vista 3. Berkshire Group buys One Santa Fe in Arts District 4. Japanese firm...
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Rising Realty Partners buys the Garland Center for $210M
The Garland Center in City West and Christopher Rising of Rising Realty Partners The iceberg-like Garland Center in City West experienced brief notoriety in 2006, when power outages at its subterranean...
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Hines is shopping Citigroup Center for around $350M
The Citigroup Center at 444 South Flower Street and Hines CEO Jeff Hines Hines is selling the Citigroup Center, a 48-story tower at 444 South Flower Street. The investment firm expects to attract bids...
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Venice nonprofit cites a 1950 court order to stop homelessness measure
Council member Mike Bonin and 1234 Pacific Avenue in Venice Community preservationists are set on preventing a homeless storage facility from invading Venice. Now, they’re saying the law is on their...
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Former home of “Brady Bunch” creator back on market with a new look and price
Sherwood Shwartz and 1865 Carla Ridge (credit: IMDB, Williams & Williams) The long-time Trousdale home of late “Brady Bunch” creator Sherwood Shwartz sold last summer for $7.2 million. Now, it is...
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IRS closes off remaining REIT spinoff loophole
From left: Jack Lew and John Koskinen From the New York Website: The Internal Revenue Service officially closed the last remaining legal avenue that allowed non-real estate corporations to spin off...
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Dynamic Development plans 96-unit apartment building in Los Feliz
Dynamic Development Company CEO Damon Porter and the gas station 1868 North Western Avenue Los Feliz could be getting a new apartment complex. Santa Monica firm Dynamic Development Company has filed...
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MWest Holdings buys DTLA’s San Fernando building for $37M
DTLA pioneer Tom Gilmore and the San Fernando building at 400 South Main Street (credit: Wikipedia, Loopnet) As Downtown Los Angeles continues its renaissance, developers are looking to a new class of...
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Boston Properties eyes Los Angeles as its fifth core market: CEO
The Colorado Center and Boston Properties CEO Owen Thomas Boston Properties CEO Owen Thomas said the company’s recent foray into Los Angeles – with the $500 million-plus acquisition of a stake in Santa...
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Submarket Snapshot: Homes in Hollywood in Q1 2016
Credit: Wikipedia Creative Commons There were seven homes in Hollywood proper that sold for more than $1 million in the first quarter of the year, up from four sales in the fourth quarter of 2015,...
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Current reader favorites: 1. HPP is buying its HQ building from Blackstone for $311M 2. Google has leased the Spruce Goose hangar in Playa Vista 3. Hefner’s neighbor is buying the Playboy Mansion 4....
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Eagles bassist sells Hollywood Hills house for $2M
The eagle has landed…himself a sale. Timothy Schmit, bass guitarist and vocalist for the seminal rock band Eagles, just sold his Whitley Heights home for a sliver under $2 million, Variety reported....
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Surprise! Jonathan Tisch wins the Jonathan Tisch award
Jonathan Tisch presents Jonathan Tisch with the inaugural Jonathan Tisch award (background: Jonathan Tisch) What do Taylor Swift and Jonathan Tisch have in common? They both won awards named after...
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Brendan Fraser’s old Beverly Hills house is on the market for $5M
9400 Readcrest Drive in Beverly Hills (credit: Paul Barnaby of Total Agent) (inset: Brendan Fraser in “The Mummy,” courtesy of Universal Pictures) Hopefully, there’s no mummy hidden in this one. The...
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Lion Real Estate buys 112-unit apartment complex in Tarzana for $19M
Jeff Weller and 5919 Reseda Boulevard (credit: Lion Real Estate) Lion Real Estate just acquired two apartment buildings in Tarzana for $18.8 million. The 65,040-square-foot complex at 5919 and 5939...
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From the archives: When Tweets aren’t sweet
From the New York website: The same qualities that make blogs, Twitter and Facebook helpful also make them uniquely perilous for brokers. A hasty Tweet or thoughtless blog post can cause irreparable...
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Cher and Eddie Murphy’s former home is for sale for $85M (and it’s a...
Cher (credit: Emett Mcginty), Eddie Murphy (credit: David Shankbone) and the home (credit: Matt Momberger) From Luxury Listings NYC: Today Cher is best known for her amazing (if somewhat incoherent)...
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CBRE shuffles its deck
From left: Mark Lafitte and Cal Frese (credit: CBRE) CBRE is shuffling its deck. The Los Angeles-based real estate giant has a new CEO of the Americas, Jack Durburg, who previously led the firm’s...
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