MARKET NEWS
Amazon and Realogy partner up amid brokerage giant’s dwindling stock and shrinking market cap
The Real Deal Los Angeles
Real estate conglomerate Realogy, which has faced dwindling stock prices and a shrinking market cap, is turning to Amazon for a boost. Realogy announced Tuesday that it had entered a partnership with Amazon dubbed Turnkey, a new homebuying program through which homebuyers will receive up to $5,000 in complimentary Amazon products and services on move-in,...Read More→ ...
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Relevant Group plans 150-unit affordable complex in Skid Row while converting Morrison Hotel
The Real Deal Los Angeles
A salacious legal spat with a rival investor hasn’t slowed prolific hotel builder Relevant Group. The Hollywood firm’s latest project isn’t another boutique hotel though, it’s the near opposite — a 150-unit affordable modular complex in the heart of Downtown Los Angeles’ Skid Row. Relevant Group is seeking city approval to replace a parking lot...Read More→ ...
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Four units for sale in 1920s quadruplex in Larchmont Village
Curbed LA - All : Love where you live
The living room of 500 N. Bronson’s upper unit. | Photos by Jeff Ong/Post Rain Productions, courtesy of Ali Jack/Compass Asking prices for the one-bedroom units range from $549,000 to $600,000 Making their market debut in Larchmont Village are four units in a tenancy-in-common quadruplex on North Bronson Avenue two blocks south of Melrose. A relatively recent approach to shared home ownership that’s gaining popularity in Los Angeles, TIC buildings are similar to condos, but dif ...
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Huge Thousand Oaks compound breaks local sales record
The Real Deal Los Angeles
Closing for almost 60 percent less than his original asking price, movie producer Thomas Tull has sold a massive compound in Thousand Oaks for $35 million. Despite a $50 million reduction on the $85 million price tag the home had when it was listed in January 2018, this was the highest-priced residential sale ever in...Read More→ ...
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Massive industrial park in Los Alamitos sells for nine figures
The Real Deal Los Angeles
Southern California’s industrial market hasn’t cooled down a bit this summer. Alere, a pension fund advisor, has purchased the Los Alamitos Corporate Center for $128.5 million. Northwestern Mutual was the seller of the 17-building industrial park along Cerritos Avenue and Corporate Center Drive in Los Alamitos, according to CBRE. The property is 98-percent leased to...Read More→ ...
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Los Angeles has the third largest pool of tech workers on the West Coast
Curbed LA - All : Love where you live
Shutterstock.com The average tech worker in LA earns a salary of $104,000 Los Angeles has the third largest pool of tech workers on the West Coast, after Seattle and San Francisco, according to a report released last week by commercial real estate firm CBRE. By the report’s count, there are nearly 140,000 employees in the Los Angeles metropolitan area working in “technical jobs,” including software development, tech support, and programming. That accounts for just over 3 pe ...
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