MARKET NEWS
She won the affordable housing lottery. The odds were 140 in 3,000.
Curbed LA - All : Love where you live
Rolland Curtis Gardens, a new affordable housing complex, hugs the Expo Line. | Photos by Jim Simmons Johanna Blocker was homeless before her application was picked for a new subsidized apartment complex Johanna Blocker was walking through West Adams when she spotted a line wrapped around a local church. It was a throng of applicants entering a lottery for a new, low-income apartment complex in the area. “I was like, ‘Oh, I’m definitely going to wait in this line,’” she s ...
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“A slap in the face”: LA developer criticized for condo project name
The Real Deal Los Angeles
Developer 4Site Real Estate is taking heat for the choice of name for a recently completed condo project in East Hollywood. The firm named the 24-unit unit development at Virgil and Melrose avenues “Cha Cha Cha” after the popular Carribean restaurant it replaced. 4Site principal Todd Wexman called the name choice an homage to the restaurant and thought the former owners would be “flattered.” But at least one former Cha Cha Cha owner feels quite ... The post “A slap in the face ...
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Why Gaw Capital is big on LA while other Chinese firms retreat
The Real Deal Los Angeles
If the prevailing wisdom is that a) retail real estate is suffering and b) Chinese investment is on the wane, then Goodwin Gaw’s recent investment is a head-scratcher. Over the summer, his real-estate-focused private equity firm, Hong Kong-based Gaw Capital, bought the L.A. shopping center Hollywood and Highland for $325 million. That it was the country’s largest single-address retail transaction outside of New York in years only fueled the intrigue. The property is smack dab ... The ...
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The people left behind by SoftBank’s startups
The Real Deal Los Angeles
A Chicago real estate agent was unable to access basic marketing materials after joining brokerage Compass. A hotel owner in India is facing eviction after hospitality startup Oyo stopped making payments. And an employee for Rappi, a Colombian delivery startup, was told he would need to buy a new phone after he was robbed on the job. These people are among those sidelined by startups backed by SoftBank’s $100 billion Vision Fund, which provided them ... The post The people left behind b ...
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Jonas Brothers set real estate records in Encino
The Real Deal Los Angeles
UPDATED, Nov. 13, 9:40 a.m.: Brotherly love is alive and well between Nick and Joe Jonas. The brothers spent a combined $34.1 million on homes in Encino, setting neighborhood records in the process. Nick, the younger of the two, and his wife Priyanka Chopra bought a 20,000-square-foot spread for $20 million, while his older brother Joe and his wife Sophie Turner spent $14.1 million for a 15,000-square-foot home just three miles away, according to the ... The post Jonas Brothers set real e ...
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1920s Spanish Colonial with fantastic Art Deco tile asking $1.3M in Glendale
Curbed LA - All : Love where you live
Other highlights include an elegant magnesite staircase, stenciled-beam ceilings, built-ins, and a milk-delivery door We can usually find something of value in an old LA house of any era. But there’s something extra-fascinating, dare we say even poignant, about a house built in the year 1929, in the heady last days before the Great Depression put an end to most people being able to employ master craftsman to construct their homes using high-quality materials. That’s why it’s a ...
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