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High-End Office Suites Are Filling the Gap Between WeWork and a Trophy Lease

The global flexible office market is soaring as businesses seek premium, turnkey workspaces combining flexibility, prestige, and modern amenities. The post High-End Office Suites Are Filling the Gap Between WeWork and a Trophy Lease appeared first on...

Mayor Targets Platform Profits in Short-Term Rental Crackdown

Chicago sues Airbnb and host company Slumber Stay over 200 violations and alleged platform complicity in unlicensed short-term rental operations citywide. The post Mayor Targets Platform Profits in Short-Term Rental Crackdown appeared first on Propmo...

Wall Street’s Texas Push Gains Momentum With Megaproject Proposals

Morgan Stanley eyes $1.3 billion Dallas tower as Wall Street banks expand in Texas with major campuses and thousands of employees. The post Wall Street’s Texas Push Gains Momentum With Megaproject Proposals appeared first on Propmodo.

Power Acquisitions Surge as Data Center Developers Bypass Grid Delays

DigitalBridge's $1.1 billion ArcLight acquisition reflects data center operators buying power developers to bypass grid delays and secure electricity supply. The post Power Acquisitions Surge as Data Center Developers Bypass Grid Delays appeared firs...

Luxury Condo Project on Surfside Collapse Site Fails to Attract Buyers

A Dubai developer paid $120 million for the Surfside collapse site but has sold no units after 18 months, pausing construction amid insurance and pricing challenges. The post Luxury Condo Project on Surfside Collapse Site Fails to Attract Buyers appe...

Arbitrator Awards $1.34 Billion in Real Estate Fraud Case Tied to Laguna Beach Portfolio

JAMS arbitrator awards Mohammad Honarkar $1.34 billion in Southern California real estate fraud case involving joint venture that collapsed his property portfolio. The post Arbitrator Awards $1.34 Billion in Real Estate Fraud Case Tied to Laguna Beac...

Measure ULA tax could see nearly 75% haircut under new state bill

Los Angeles’ polarizing Measure ULA transfer tax could see a reduction by nearly 75 percent if a new state bill gets approval from both chambers and the governor’s signature. On Monday, the California State Senate shared its version of Asse...

Oakley founder’s brutalist Beverly Hills estate sells for $47M

Oakley founder James Jannard has traded his Trousdale Estates home. The property at 410 Trousdale Place sold for $46.95 million in a deal closed Thursday, The Real Deal has learned. The home, which features a contemporary brutalist facade in grey con...

Developer loads up Reseda vacant lot with 20 homes, ADUs

A local developer wants to squeeze 20 homes and granny flats into a vacant lot in Reseda. Leo Polosadjian filed plans to subdivide the two-thirds-acre rectangular property into five lots to build the homes at 19448 Saticoy Street, Urbanize Los Angele...

Kingsbarn and Kelemen swapping offices for 480 homes in Laguna Hills

Kingsbarn Realty Capital & Development and the Kelemen Company are poised to bulldoze seven vacant office buildings in Laguna Hills to build nearly 500 homes. The respective Las Vegas- and Irvine-based developers announced approvals early this y...

Corona del Mar home with harbor views trades for $18M

A home in Corona del Mar with views of Newport Harbor that was listed two years ago for $32.9 million has traded for just over half that price at $17.8 million. After months of negotiations, the nearly 6,800-square-foot house was sold at 1409 Dolphin...

Seaside $19M Trump National estate in Rancho Palos Verdes tops LA County’s luxury contracts

An Italian Renaissance villa in Rancho Palos Verdes’ Trump-branded community crowned the list of luxury residential contracts signed in Los Angeles County last week. The 10,987-square-foot manse at 32040 Cape Point Drive in The Estates at Trump Nat...