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The Real Deal Los Angeles

  • Kylie Jenner seeks a quick, $1M profit on Hidden Hills one-story

    She bought the home for $4.5M in June; it's now listed at $5.4M
    December 09, 2016 12:00PM
    Kylie Jenner and her home at 5206 Scott Robertson Road (Credit: Sinful Colors, Pinnacle Real Estate Properties)

    Kylie Jenner and her home at 5206 Scott Robertson Road (Credit: Sinful Colors, Pinnacle Real Estate Properties)

    Her eponymous lipstick line may be soaring in sales, but that hasn’t stopped Kylie Jenner from pursuing a little house flipping dough on the side.

    The youngest Kardashian is selling one of her Hidden Hills properties for $5.4 million — that’s nearly $1 million more than what she paid for it in June, according to Trulia. [more]

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  • Breather raises $40M, plots expansion

    Series C round brings total funding to $73M
    December 09, 2016 10:30AM By Konrad Putzier
    Julien Smith and a Breather space

    Julien Smith and a Breather space

    From the New York website: Short-term private space rental company Breather, which recently expanded to Los Angeles, raised $40 million in a Series C funding round. It also has plans to expand its presence in New York City.

    The new round, reported on Wednesday, brings Breather’s total venture funding to $73 million. [more]

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  • The warehouse at 931 East Pico Boulevard and City Attorney Mike Feuer

    The warehouse at 931 East Pico Boulevard and City Attorney Mike Feuer

    City officials will meet next week to tackle the issue of commercial spaces that have been illegally converted into apartments, in response the Oakland, California warehouse fire that killed 36 people Friday. [more]

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  • Donald Trump, Ivanka considering Trump Organization exit (sort of): report

    POTUS-elect may hand control of empire to Eric and Donald, Jr. as Ivanka joins dad + Jared in DC
    December 09, 2016 08:30AM
    Ivanka and Donald Trump (credit: Getty Images) and the White House

    Ivanka and Donald Trump (credit: Getty Images) and the White House

    From the New York website: President-elect Donald Trump is mulling a partial departure from the Trump Organization in which he would hand over control of the company to his two adult sons, Eric and Donald Trump Jr., the New York Times reports.

    According to sources familiar with the plan under consideration, Ivanka Trump would also take a leave of absence from the company and head to Washington with husband Jared Kushner, whose official role in the upcoming Trump White House is yet to be determined.

    But Trump passing down control of the company comes with a major caveat, according to sources familiar with the matter who spoke to the Times. The president-elect still plans to maintain a stake in the Trump Organization and is exploring a “legal structure” that would allow him to separate himself from the company without the complete divestment from it. [more]

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  • Most Popular on The Real Deal

    December 09, 2016 07:30AM

    Current reader favorites:

    1. Hackman buys HPP’s development rights for Culver City project
    2. Crescent Heights plans 800-unit megatower in DTLA
    3. Scott Segall leaves Compass to return to Douglas Elliman
    4. Real estate industry rallies against Measure S
    5. WeWork inks 64K sf lease in Century City: sources

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  • Follow The Real Deal Los Angeles on Instagram!

    @trdsocal is sharing snaps of L.A. new developments, celebrity real estate and more
    December 08, 2016 05:00PM

    INSTALA

    The Real Deal Los Angeles is now on Instagram! Our account features snaps of new developments around La La Land alongside the latest celebrity listings, giving you an insider’s look at what’s happening in L.A. real estate and beyond.

    Have something to share with us? Send your photo to insta@therealdeal.com or tag your photos with #TRDLA and you could be featured on our Instagram feed.

    Click here to follow @trdsocal on Instagram. Happy sharing!

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  • City Council votes to seek harsher restrictions on McMansions

    “Every time a house goes up for sale, we’re terrified:" resident
    December 08, 2016 03:30PM
    Council member Paul Koretz (credit: Facebook)

    Council member Paul Koretz (credit: Facebook)

    The end may be near for “McMansions” in Los Angeles.

    Members of the City Council voted overwhelmingly Wednesday in favor of rewriting a couple of ordinances that regulate the development of large houses in single-family neighborhoods. [more]

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  • “Biggest Loser” producer is selling Britney Spears’ old digs for $9.5M

    David Broome paid $5.4 million for the property four years ago
    December 08, 2016 02:00PM
    Britney Spears, David Broome, and the house at 25305 Prado De Los Suenos

    Britney Spears, David Broome, and the house at 25305 Prado De Los Suenos

    A 10,600-square-foot Calabasas mansion once owned by Britney Spears has hit the market for $9.5 million.

    Now owned by David Broome, a producer for “The Biggest Loser,” the Calabasas home was once rented by the platinum-selling pop star. [more]

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  • Bel Air mansion built by Mohamed Hadid lists for $85M

    Developer sold Le Belvedere for $50 million in 2010
    December 08, 2016 01:00PM
    Le Belvedere

    Le Belvedere

    A Bel Air mansion built by Mohamed Hadid, supermodel Gigi Hadid’s developer father, has been listed for $85 million.

    Hadid sold the sprawling 40,000-square-foot property, known as Le Belvedere, for $50 million in 2010 to international buyers who never actually got around to moving in. He continued to live there following the sale, renting the property back from the new owners.

    The 10-bedroom chateau, which sits on 2.2 acres, is listed by Joyce Rey of Coldwell Banker Previews International and Stacy Gottula of the Agency. [more]

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  • WATCH: The world of investment sales has turned on its head

    TRD discusses some of the big moves
    December 08, 2016 12:00PM By Alistair Gardiner
    excerpt

    TRD‘s Mark Maurer and Hiten Samtani

    From the New York website: Back in October, New York’s most successful investment sales brokers, Doug Harmon and Adam Spies, left Eastdil Secured. Earlier this week, key members of JLL’s leading investment sales brokerage team jumped ship to Colliers. And just yesterday, TRD revealed that Cushman and Wakefield’s Bob Knakal has renegotiated his contract and might be a free agent by early 2018. TRD’s managing web editor Hiten Samtani sat down with associate web editor Mark Maurer to discuss some of these big moves. Watch the video here. [more]

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