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Newport Coast $38M sale marks most pricey resi trade in OC this year
Orange County has recorded its most expensive home sale so far this year: a $38 million trade of a newly developed mansion in Newport Coast. A trust tied to Las Vegas-based Tony Huang bought 20...
View ArticleRexford buys OC warehouse from American Realty Advisors for $94M
Rexford is not slowing down after its billion-dollar-buy from Blackstone. Rexford Industrial Realty has bought a warehouse in the Orange County city of Fullerton for $94.2 million, The Real Deal has...
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Vitruvian eyes 27 apartments in Hollywood to replace commercial building
Vitruvian Development Group wants to build a 27-unit apartment complex in Hollywood. The locally based developer filed plans to build the six-story complex at 6721-6727 West Melrose Avenue, between La...
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To buy a home in SoCal, a family needs income of $208K a year
Home buyers across Southern California must earn more than $200,000 a year to qualify for a typical house mortgage. Families needed to rake in at least $200,800 to buy a typical single-family home...
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Rapper Kendrick Lamar buys Modern Farmhouse in Brentwood for $40M
Top this, Drake. Kendrick Lamar has landed a 16,200-square-foot mansion in Brentwood for more than $40 million. The Pulitzer-prize winning rapper bought the Farmhouse-style estate at 1707 Westridge...
View ArticleSwiss billionaire sells Bel-Air home that Feds tried to seize
Swiss aviation billionaire Thomas Flohr has sold a Bel-Air mansion that the Justice Department tried to seize due to its links to a Nigerian corruption scandal. The home, located at 755 Sarbonne...
View ArticleWeWork to assume 10 more leases across LA, OC
WeWork wants to exit bankruptcy with almost all of its Los Angeles and Orange County locations intact. The coworking firm has filed requests with the court overseeing its Chapter 11 bankruptcy to...
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Democratizing Real Estate Investment: USP’s Blockchain Tokenization
Everyone deserves the opportunity to invest in real estate, not just the select few. However, until now, real estate, long considered a cornerstone of wealth creation, has traditionally only been...
View ArticleLL Cool J puts Encino home up for sale at $6M
LL Cool J might be on his way out of Cali. The rapper has listed his four-bedroom, 6,000-square-foot home at 15641 Meadowgate Road in Encino for sale, with an asking price of just shy of $6 million,...
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South Coast Plaza in Costa Mesa snags Bulgari, Cartier and Gucci
South Coast Plaza in Costa Mesa, has landed Bulgari, Cartier and Gucci as tenants. The shopping center, owned by locally based C.J. Segerstrom & Sons, has leased more than 30,000 square feet to...
View ArticleMovers: Marcus Skenderian returns to Compass
Marcus Skenderian, a residential broker working in Laguna Beach since 2005, is rejoining the publicly listed brokerage Compass during a pivotal year for the company. Skenderian worked for Compass for...
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Madison Realty proposes 24-story apartment tower in Santa Monica
Madison Realty Capital wants to build a 24-story apartment building in Santa Monica on an approved site once filed as a builder’s remedy project. The New York-based private equity firm pitched a plan...
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LA County property value poised to reach record $2T
Soaring home prices across Los Angeles County could push taxable property value this year past $2 trillion, a record. L.A. County Assessor Jeff Prang said taxable property values are expected to rise...
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LA to double sewer fees, which most landlords can’t pass on to tenants
Landlords in Los Angeles are about to get whacked with double sewer fees. The City Council has voted 11-4 to double the fees over the next four years, despite the objections of business groups who say...
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Newport Coast $38M sale marks most pricey resi trade in OC this year
Orange County has recorded its most expensive home sale so far this year: a $38 million trade of a newly developed mansion in Newport Coast. A trust tied to Las Vegas-based Tony Huang bought 20...
View ArticleClik here to view.
Democratizing Real Estate Investment: USP’s Blockchain Tokenization
Everyone deserves the opportunity to invest in real estate, not just the select few. However, until now, real estate, long considered a cornerstone of wealth creation, has traditionally only been...
View ArticleLL Cool J puts Encino home up for sale at $6M
LL Cool J might be on his way out of Cali. The rapper has listed his four-bedroom, 6,000-square-foot home at 15641 Meadowgate Road in Encino for sale, with an asking price of just shy of $6 million,...
View ArticleClik here to view.
South Coast Plaza in Costa Mesa snags Bulgari, Cartier and Gucci
South Coast Plaza in Costa Mesa, has landed Bulgari, Cartier and Gucci as tenants. The shopping center, owned by locally based C.J. Segerstrom & Sons, has leased more than 30,000 square feet to...
View ArticleMovers: Marcus Skenderian returns to Compass
Marcus Skenderian, a residential broker working in Laguna Beach since 2005, is rejoining the publicly listed brokerage Compass during a pivotal year for the company. Skenderian worked for Compass for...
View ArticleClik here to view.
Investors sue TA Partners for fraud on bankrupt Playa Vista project
In 2021, Johnny Lu and Yaojan Liu were raising money from investors to build 452 apartments in Playa Vista, on the edge of the 405 freeway. The two men behind TA Partners already had some financing —...
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