The Magnificent Mile’s Comeback Offers a Blueprint for Downtown Revival

The post The Magnificent Mile’s Comeback Offers a Blueprint for Downtown Revival appeared first on Propmodo.

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Ares Bets on Industrial Undervaluation with $2.1 Billion Plymouth Deal

The post Ares Bets on Industrial Undervaluation with $2.1 Billion Plymouth Deal appeared first on Propmodo.

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Fannie Mae CEO Exit Signals a Shift Toward Wall Street

The post Fannie Mae CEO Exit Signals a Shift Toward Wall Street appeared first on Propmodo.

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What the Hudson’s Bay Ruling Means for Commercial Leases

The post What the Hudson’s Bay Ruling Means for Commercial Leases appeared first on Propmodo.

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Functional Twins Are the Future of Building Operations 

By now, almost everyone has heard of a digital twin. The concept of a digital representation of a physical asset has been around since the 1960s, but the term itself was not used until 1997. Today, digital twins are applied across nearly every indust...

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Santa Monica shouts down waterfront homeless housing proposal

Community blowback scuttled a transitional housing effort slated for oceanfront property in Santa Monica.  Los Angeles County Supervisor Lindsey Horvath, whose district includes the seaside enclave, ordered the termination of two interim housing...

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Bridge Logistics drops $109M on supply constrained industrial market

Link Logistics sold a two-building industrial portfolio in the Gateway Cities to Bridge Logistics Properties.  New York-based Bridge Logistics bought the adjacent properties, at 18501 and 18385 San Jose Avenue in City of Industry, for $109 milli...

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Crescent Heights hits into condo-conversion play after OC’s priciest multifamily sale

Crescent Heights is repositioning Orange County’s tallest residential complex as a condominium. The Miami-based firm bought 9 MacArthur Place, an apartment complex in Santa Ana, for $240 million in April and is marketing units for sale, the Orange ...

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Landlords stand alone in fight against tech-savvy fraudsters 

Joel Rodstein has stacked 20 years in property management on top of the business degree he earned from the University of California-Santa Cruz. He’s worked his way up to become CEO of North Oak Property Management. Rodstein oversees a portfolio of ...

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LA seeks developers to build multifamily properties on 12 city-owned lots

The City of Los Angeles is looking to recruit private developers to reimagine some pieces of government-owned land.  The city is looking to bring housing to 12 city-owned properties through a request for qualifications to find developers suitabl...

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Lori Loughlin, Mossimo Giannulli’s Hidden Hills manse nabs buyer

Lori Loughlin and Mossimo Giannulli may finally be able to call it quits on their Hidden Hills estate. The home at 25210 Jim Bridger Road within the guard-gated community was last week’s top home to go into contract with an asking price just under ...

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