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Michael Nourmand on agents getting poached, running a family business
Name: Michael Nourmand Date of birth: February 3, 1981 Lives in: Beverly Center Hometown: Beverly Hills Family: Married, two children When Michael Nourmand took over Nourmand & Associates in 2007,...
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Exxon Mobil sells Torrance plant for $537.5M
PBF’s Jeff Dill and the oil plant in Torrance Exxon Mobil has closed on the sale of its Torrance oil plant for $537.5 million, 10 months after buyer PBF Energy first made an offer. The sale took nearly...
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City Council votes in favor of billion-dollar LA River restoration plan
The Los Angeles River in Downtown L.A. and Council member Mitch O’Farrell The Los Angeles River is about to get a $1 billion makeover. The L.A. City Council has unanimously approved a plan to restore...
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Hilton heir lists beachfront Malibu home for $10.4M
Steve Hilton and his house at 27030 Malibu Cove Colony Drive The beachfront residence of Steve Hilton, hotel heir and philanthropist, is on the market for $10.4 million, the Los Angeles Times reported....
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Kushner becomes Trump’s “de facto” campaign manager
Jared Kushner From the New York website: Technically speaking, Jared Kushner lacks the political pedigree of a top adviser to a presidential candidate. But when the Israeli ambassador to the U.S....
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AB Global buys three LA office buildings as part of $153M portfolio
70 South Lake Avenue, 4553 Glencoe Avenue and AB Global CEO Peter Krause (credit: CoStar, AB Global) New York-based investment firm AllianceBernstein L.P. has some new assets in L.A. AllianceBerstein,...
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DTLA office rents expected to moderate: report
(Credit: Wikipedia Creative Commons) Office rents in Downtown Los Angeles have been on the uptick, but they are expected to moderate this year to meet the reality of the market. Rents increased by 6.4...
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Stick it to the man and buy Frank Zappa’s old home
Frank Zappa (photo credit Jean-Luc via Wikipedia) and his home From the New York website: The Los Angeles home of rock legend Frank Zappa has hit the market and it’s just as funky as you might expect....
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Submarket Snapshot: Retail in Downtown Los Angeles in Q2 2016
A rendering of the Bloc The 2.2 million square feet of retail in the Greater Downtown Los Angeles submarket saw 3.1 percent vacancy in the second quarter, according to a report by CBRE. It clocked in...
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Current reader favorites: 1. LA’s priciest commercial listings to hit the market in June 2. Lincoln Property acquires massive West LA office complex 3. What housing crisis? Council approves hotel...
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LA County had four of the biggest US deals in Q2
From left: A rendering of the building at 2175 Park Place, a part of the Apollo at Rosecrans crampus; Jessica Levin of Intercontinental Updated: July 6th, 2016, 12:46 p.m.: New York City may have...
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The Real Deal’s Hamptons Market Report is live!
From the New York website: It’s summertime, so, as the song goes, living is easy in the Hamptons. Yet the East End’s real estate scene is far more complex than the popular vision of it as a rarefied...
View ArticleBritney Spears cuts Thousand Oaks price tag by a full million
A photo posted by Britney Spears (@britneyspears) on May 31, 2016 at 12:30pm PDT Oops, she may have aimed too high. Pop singer Britney Spears has slashed the price of her 1.4-acre Thousand Oaks estate...
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City of LA will rack up bigger bill than anticipated for Convention Center:...
The Convention Center at 1201 South Figueroa Street and City Administrative Officer Miguel Santana (credit: City Attorney’s Office, International Association of Venue Managers) If the City of Los...
View ArticleFierce! Tyra Banks sold Beverly Hills home after $1.3M reduction
A photo posted by Tyra Banks (@tyrabanks) on Jul 3, 2016 at 2:55pm PDT Here’s something to smize about. Industrious supermodel Tyra Banks has finally sold her Spanish Colonial-style house for $6.4...
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Greystar buys Rancho Palos Verdes apartments for nearly $500K per unit
The apartments at 6600 Beachview Drive and Greystar CEO Bob Faith (credit: CoStar, Greystar) Houston-based real estate firm Greystar purchased a 215-unit Rancho Palos Verdes apartment complex in one of...
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Compass nabs the Agency’s sports and entertainment division chief
Kofi Nartey and the house owned by Michael Jordan he has listed at 2700 Point Lane Compass is continuing its poaching spree. This time, the brokerage nabbed the managing director of competitor the...
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What are We worth?
Venture capital can’t get enough of WeWork (Illustration by Lexi Pilgrim for The Real Deal) TRD Special Report:From the New York website: Sporting a Nehru jacket and addressing an audience that...
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Submarket Snapshot: DTLA’s Financial Core in Q2 2016
A rendering of the Wilshire Grand tower by AC Martin Downtown’s 18.1 million-square-foot Financial Core submarket had a rough second quarter. The area saw negative absorption of 238,205 square feet,...
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Current reader favorites: 1. Exxon Mobil sells Torrance plant for $537.5M 2. Council votes in favor of billion-dollar LA River plan 3. Michael Nourmand on agent poaching, family business 4. AB Global...
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