MARKET NEWS
Sylvester Stallone lists Beverly Park mansion for $110 million
Hot Property
Movie star Sylvester Stallone is aiming for a blockbuster sale in Beverly Park, listing his 21,000-square-foot mansion for $110 million.
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Target’s expansion continues with takeover of old Kmart stores
The Real Deal Los Angeles
 Target has scooped up five Kmart stores as the big-box chain continues to defy the financial havoc brought on by the pandemic. Transformco Properties — the parent of Kmart and Sears — has completed the sale and assignment of five Kmart store leases to Target Corporation, the company announced in a press release. The stores are in Kill Devil Hills, North Carolina; Jackson, Wyoming; Scotts Valley, California; Wall, New Jersey; and Auburn, Maine. Though the ... The post Target’s ...
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Matthew Perry downsizes, sheds Malibu beach house for $13.1 million
Hot Property
'Friends' star Matthew Perry just sold his Malibu beach house for $13.1 million a few months after paying $6 million for a place in the Palisades.
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Steve Wynn rolls dice with $110M mansion listing
The Real Deal Los Angeles
Disgraced casino mogul Steve Wynn is looking for a big payday in Beverly Hills. The billionaire is asking $110 million for his expansive mansion on Benedict Canyon Drive, according to the Los Angeles Times. Last March, Wynn was offering the 27,000-square-foot estate for $135 million in an off-market listing. In early 2018, Wynn was pushed out as CEO of Wynn Resorts following numerous allegations of sexual misconduct against him by employees over the years. The ... The post Steve Wynn roll ...
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Shaq sells Bell Canyon retreat for $1.85 million
Hot Property
Basketball great Shaquille O'Neal just sold his Bell Canyon retreat filled with custom artwork for $1.85 million.
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Hard money, hard decisions: Nonbank lenders face pressure to deal with problem loans
The Real Deal Los Angeles
Downtown Capital Partners, an alternative lender based in White Plains, New York, fired off a note to All Year Management and its founder, Yoel Goldman, last month: Cough up tens of millions of dollars of unpaid debt on a Gowanus development site or risk losing the property. The note from Downtown Capital threatening to take over the vacant site is one of several signs of All Year’s broader financial problems. The Brooklyn-based developer is also ... The post Hard money, hard decisions: ...
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