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The Economics Behind Shrinking Hotel Rooms

Walk into a newly opened hotel today and something feels off, even if you can’t quite put your finger on it. The closet is gone. The minibar has vanished. The desk looks more like an afterthought than a workstation. The bathroom sink might be in th...

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MetLife sells apartment tower downtown for $69M

An entity connected to MetLife sold an apartment tower in Downtown Los Angeles for $68.8 million, according to property records dated late December. The buyer is a company owned by APW Avenue Group, which received a $56.8 million loan from Prime Fina...

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LA stays steady with $77M in signed contracts

A newly built home in Manhattan Beach’s Hill Section neighborhood found a buyer last week to make for Los Angeles County’s top residential property to go into contract. Built in the trendy modern farmhouse style, the six-bed, eight-bath home of m...

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