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What you need to know about LA’s development initiatives
Mayor Eric Garcetti and the Los Angeles skyline (credit: Wikipedia Commons) The Neighborhood Integrity Initiative, a measure with potentially far-reaching implications for large-scale development in...
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Submarket Snapshot: Condos in Hollywood in Q1 2016
A room in a condo unit at 1645 Vine Street, listed by the Agency In Hollywood, 20 condo units sold for more than $500,000 in the first quarter, according to a report by the Agency. Sales volume was...
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Current reader favorites: 1. DTLA is in danger of becoming oversupplied: report 2. Champion Real Estate plans $30M shopping center 3. Small lot home developments planned across LA 4. Title Insurance...
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Fed opts not to hike benchmark interest rate
Janet Yellen From the New York website: The Federal Reserve decided not to raise the fed-funds rate following its meeting Wednesday, with chair Janet Yellen citing “headwinds blowing on the economy.”...
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Goodman Birtcher nabs two distribution sites for estimated $240M
Brandon Birtcher, CEO of Goodman Birtcher Goodman Birtcher, one of the areas most active industrial developers, has added another pair of massive distribution centers to its portfolio. The company, a...
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Ray Romano sold his house in Woodland Hills for $1M
Raymond Ramona and actress Patricia Heaton in a scene of “Everybody Loves Raymond” (credit: YouTube, courtesy of Warner Brothers) Ray Romano has sold his house, mother-in-law not included. The...
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Developer proposes 270-unit condo complex in Sherman Oaks
Condo plans (credit: City Planning) Investment firm Empire USA is planning a 270-unit condo project in Sherman Oaks. An LLC associated with the Irvine-based company has filed requests with city...
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Gov. Jerry Brown refuses to declare homelessness a “state of emergency”
Skid Row city limits (credit: Robyn Beck) California Governor Jerry Brown will not declare a state of emergency over his state’s homeless crisis, he announced Wednesday. Los Angeles County officials...
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What’s to become of Sports Authority’s stores?
Sports Authority From the South Florida website: As bankrupt Sports Authority seeks to close some 460 stores nationwide, there’s no one retailer ready to fill all its space. Instead, some of its...
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R. D. Olson plans 275-key Hollywood hotel
Olson CEO Robert Olson and renderings of the hotel at 6409 West Sunset Boulevard New details have been revealed for developer R.D. Olson’s Hollywood hotel on the corner of Sunset and Cahuenga...
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Here’s how Clinton could hit Trump on his real estate record
From left: Donald Trump, Hillary Clinton and the White House (Illustration by Lexi Pilgrim) From the New York website: After a report emerged last week that the Democratic National Committee’s security...
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Hooman Nissani buys 8.5 acres in Playa Vista for $83M, plans massive...
Hooman Nissani, David Binswanger and a rendering of the project The master-planned walkable community of Playa Vista is about to get a whole lot of cars — and possibly a hotel or residential tower. Car...
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Current reader favorites: 1. DTLA is in danger of becoming oversupplied: report 2. LA development initiatives: What you need to know 3. EverWest buys Pasadena office building for $67M 4. E-commerce...
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Manhattan developer on what ails the luxury resi market
From the June issue’s “In their words” feature, a roundup of the funniest , pithiest and most insight comments on real estate: From the June issue: To check out more quotes, click here for the rest of...
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Northrop Grumman’s Redondo Beach building placed on special servicer watchlist
3643 Doolittle Drive A loan on a nearly 100,000-square-foot Redondo Beach office property has been placed on the special servicer watchlist amid uncertainty over whether a major tenant would remain at...
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LA Times building to be sold to Onni Group
Tribune Media CEO Peter Liguori and the L.A. Times building at 202 West 1st Street (credit: Speakerpedia, Zocalo Public Square) Real estate development giant Onni Group has bought the Los Angeles Times...
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Developer plans mini condo building in DTLA
The warehouse currently at 760 East 9th Street (credit: Google Earth) There’s more condos coming to Downtown Los Angeles. Private property owner Yong Sin Shin is planning a four-story commercial condo...
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Airbnb borrows $1B for expansion
Airbnb’s Brian Chesky From the New York website: Airbnb, the $25.5 billion short-term rental colossus, just raised $1 billion in debt to fuel an expansion. JPMorgan Chase, Citigroup, Bank of America,...
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Bolour Associates plans 101-unit condo complex in Sherman Oaks
Bolour Associates CEO Mark Bolour and a rendering of the condo complex at 13641 West Sherman Way. Sherman Oaks is certainly getting its fill of condos, and real estate firm Bolour Associates is the...
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LA brokers on Airbnb: Angry, charmed and confused
Lee Mintz and Aaron Leider (credit: LeeMintz.com, Keller Williams) With the Los Angeles City Council gearing up to weigh the pros and cons of the burgeoning short-term rental industry, real estate...
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