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MAA to buy Post Properties for nearly $4B
Post Properties’ Dave Stockert and MAA’s corporate offices in Memphis, Tenn. From the New York website: Memphis-based real estate investment trust Mid America Apartments agreed to buy Post Properties...
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Hotel or apartments? Koreatown developer can’t decide
3242 West 8th Street A Koreatown developer is planning a five-story building at the corner of 8th Street and Mariposa Avenue, but has yet to commit to one development concept. Julia and David...
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Colburn School buys its longtime rental space for $1.6M
The Colburn School at 200 South Grand Avenue The Colburn School will not lose its Downtown home after all, despite developer Jeffrey Fish’s bid for the same property. The performing arts academy has...
View ArticleLow mortgage rates and a rising labor market boost US home builders’ confidence
From the New York website: U.S. home builders are gaining confidence about the market for single-family homes, despite an overall slowdown in the economy. Builders’ confidence rose two points on...
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Heated Venice resi market anticipates cooldown
The duplex at 1782 Washington Way in Venice, which sold for $1.9 million (via Halton Pardee + Partners) During the past year, the average single-family home price in Venice rose 9.1 percent and the...
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Current reader favorites: 1. Playboy Mansion sale closes for $100M, according to buyer 2. Rick Caruso’s firm poaches NBCUniversal’s real estate chief 3. LA’s multifamily market: bad for renters, good...
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F. Ron Smith of Partners Trust on the changing agency model
F. Ron Smith of Partners Trust (TV still via Partners Trust) and the Wave House at 1234 Morningside Way in Venice (via Mario Romano) F. Ron Smith, a founding partner of Partners Trust, has been selling...
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Broadreach Capital is selling its 2.3-acre WeHo complex
The Sunset at 8560-8590 Sunset Boulevard (Credit: LoopNet) The former headquarters of Playboy Entertainment on Sunset Boulevard is on the market and could draw bids as high as $200 million, according...
View ArticleJoey Lawrence slashes price of Calabasas home
A photo posted by Joey Lawrence (@joeylawrence) on Jul 20, 2016 at 12:30am PDT Former child star Joey Lawrence is having some trouble selling his Calabasas home. The “Melissa and Joey” actor has...
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Soho China takes a page out of the WeWork playbook
A coworking space and SOHO China’s Zhang Xin From the New York website: Call it the WeWork effect. China’s largest office developer, Soho China, is branching out into the shared office market in an...
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GPI Companies plans boutique condos at Brentwood retail site
Rendering of the condos at 11770 West San Vicente Boulevard (Credit: C/o Nick Browne) UPDATED, 3:00 p.m., Aug. 17: Brentwood-based development firm GPI Companies is planning 14 luxury residential units...
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Thomas Mann’s custom home marketed as a teardown – preservationists need not...
Thomas Mann and his commissioned house at 1550 San Remo Drive (Credit: Coldwell Banker) Writer Thomas Mann’s J.R. Davidson-designed former residence is now on the market for $15 million. But despite...
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September interest rate hike could happen, Fed minutes show
Janet Yellen From the New York website: The Federal Reserve appeared to keep an interest rate hike on the table for September amid “fairly accommodative” commercial real estate financing markets,...
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Current reader favorites: 1. Playboy Mansion sale closes for $100M, according to buyer 2. Fired basketball star lists Hidden Hills home for $7M 3. Rick Caruso’s firm poaches NBCUniversal’s real estate...
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Backers of the Neighborhood Integrity Initiative offer to halt campaign if...
A billboard from Coalition to Preserve L.A., a group sponsored by the AIDS Healthcare Foundation (Credit: Coalition to Preserve L.A.) Supporters of the controversial Neighborhood Integrity Initiative,...
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American Apparel may soon bid adieu to LA: report
American Apparel’s DTLA factory and headquarters at 747 Warehouse Street and its former CEO Dov Charney (Credit: Architecture + Branding) Retailer American Apparel, still recovering from bankruptcy, is...
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Download TRD’s new and improved mobile app
The Real Deal is bringing a cleaner design and more seamless navigation to our latest mobile update, which is now available for download in Apple’s App store and the Google Play store. The latest...
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LA’s City Council President received default notices on properties
Herb Wesson He may hold sway over L.A.’s $8.8 billion budget, but Council President Herb Wesson is having money issues of his own. The second-most powerful politician at City Hall has received five...
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Dana DeVito takes top marketing job at Douglas Elliman
From left: Dana DeVito, Nicole Oge and Dottie Herman From the New York website: Three months after the departure of marketing chief Nicole Oge, Douglas Elliman appears to be retooling the division she...
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Harridge Development plans 3.3-acre mixed-use complex in the Valley
Harridge Development CEO David Schwartzman and the development site at 8350 Reseda Boulevard Harridge Development Group may be spending the big bucks on lobbying, but that hasn’t stopped the firm from...
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