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Adam Neumann has cashed out more than $700M prior to We Company IPO
The We Company’s Adam Neumann (Credit: Getty Images) Adam Neumann has cashed out more than $700 million from the We Company in advance of the company’s initial public offering. It’s not often that...
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Landlord sues Kuwait-based burger chain for failing to comply with USA...
GID’s property at 321 West Olympic Boulevard, where Rock House Sliders was to open. A popular fast-casual hamburger chain in Kuwait that now has two locations in Los Angeles is being sued by its...
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Bank OZK’s loan growth slows in Q2 amid cooling markets
George Gleason (Credit: iStock) Bank OZK, one of the country’s most aggressive condo construction lenders, signaled in its most recent earnings report that its real estate lending growth is slowing...
View ArticleWhat will proptech look like in 2019 and beyond?
[video_embed][/video_embed] Every year, MetaProp’s Zach Aarons breaks out his crystal ball, likely an app, and makes proptech predictions for the next year — and b e y o n d ! Already, it’s been a big...
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In LA’s affordable housing crisis, there is room for the “vanlord”
(Credit: iStock) The affordable housing crisis in Los Angeles may have reached a breaking point with the emergence of the “vanlord.” People in Venice have been resorting to renting space in vans for...
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Blackstone is already selling pieces of the $18B GLP industrial portfolio
Blackstone CEO Stephen Schwarzman (Credit: Getty Images, iStock) The ink isn’t dry on Blackstone Group’s $18 billion buy of a U.S. warehouse portfolio, and it’s already negotiating to sell part of it....
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Ben Ashkenazy jacked up the rent to $30M. Now Barneys is weighing another...
Barneys at 660 Madison Avenue (Credit: Getty Images) Barneys, a symbol of New York City luxury fashion, is reportedly weighing a second bankruptcy, after the retailer’s $16 million annual rent jumped...
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Joint venture is selling landmark USC Tower in DTLA
LBA Realty co-founder and principal Phil Belling and LaSalle Investment Management CEO Jeff Jacobson with USC Tower UPDATED, July 19, 2:37 p.m.: A joint venture between LBA Realty and LaSalle...
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Development opportunity? This investment firm snagged an aging office campus...
Vella Group’s Zach Vella and the office in El Segundo An investment firm that just purchased a soon-to-be vacant El Segundo office campus could be looking at the move as a development opportunity in a...
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Prolific spec home builder Ardie Tavangarian sells Bel Air mansion for $75M
The 25,000-square-foot home in Bel Air and Ardie Tavangarian (Credit: Hilton & Hyland and Getty Images) One of Bel Air’s biggest mansions has sold for $75 million, one of the highest prices paid...
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Movers & Shakers: Loren Judd jumps to Compass, Allan Brass jumps back to...
From left: Loren Judd, Khalif Edwards, Jim Brooks, and Allan Brass Loren Judd has jumped to Compass, barely three months after he left Coldwell Banker — where he spent 15 years — to join Hilton &...
View ArticleMark your calendars: These are LA’s top real estate events next week
Here are two real estate events coming to LA next week. Host: Bisnow Date: July 23 Time: 8 a.m. to 11 a.m. Bisnow is hosting its Long Beach Boom event at the Westin Long Beach, 333 East Ocean Boulevard...
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The TRD weekly global digest
From left: London, Shanghai and Paris Every week, The Real Deal rounds up the biggest real estate news from around the globe. United Kingdom The future of the Tulip Tower has wilted. London Mayor Sadiq...
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This week in celeb real estate: Dr. Dre’s Woodland Hills manor hits the...
From left: Michael Landon and Kelsey Grammar Celebrity television star Kelsey Grammer and his ex-wife put their home on the market, and the widow of the late television star Michael Landon sold her...
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New owner of Toys R Us plans 2 store openings this year in small-scale U.S....
(Credit: iStock) The new owner of the Toys R Us brand will open scores of new stores this year, but only two in the United States, where the former owner declared bankruptcy in 2017. Several former...
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Renowned architect César Pelli dies at 92
César Pelli, and from left: Brookfield Place in New York, Salesforce Tower in San Francisco, and the Pacific Design Center in Los Angeles (Credit: Pelli Clarke Pelli Architects) Acclaimed architect...
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The states with the biggest share of vacation rentals aren’t where you’d think
Portland, Maine (Credit: iStock) Year-round sunshine didn’t help Florida make it to the top of this vacation rental ranking. The states with the highest percentage of vacation homes are clustered in...
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Cruel and unusual: West Palm Beach plays “Baby Shark” to force out homeless...
The Baby Shark crew and West Palm Beach Lake Pavilion (Credit: Google Maps, Nickelodeon) Apparently inspired by the interrogators at Abu Ghraib prison in Iraq, the government of West Palm Beach is...
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A home listed for 10 dollars, but no one wanted it
Before demolition. the historic home at 44 Pleasant Avenue was on the market for $10 (Credit: Montclair Township, iStock) Even when a historic home was priced for less than the cost of one month’s...
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Developer gambles $1B project on Reno’s tech boom
A rendering of Reno’s Neon Line (Credit: Jacobs Entertainment) A developer is betting $1 billion on the largest development ever in Reno, Nevada, as the city reduces its economic reliance on the...
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