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therealdeal.com
4 months ago
LA real estate

Brookfield DTLA towers lead SoCal's top defaults in 2023

A wave of borrowers in Los Angeles and Orange County defaulted on loans tied to commercial properties as they struggled to make mortgage payments.
Brookfield Properties defaulted on $1.1 billion worth of debt tied to three office towers in Downtown L.A. due to rising interest rates. [ more ]
therealdeal.com
4 months ago
LA real estate

Advanced Real Estate Buys Costa Mesa Apartments for $234M

Advanced Real Estate has acquired a 714-unit apartment complex in Costa Mesa for $234 million, making it the largest multifamily deal in Orange County in 2023 so far.
The property, formerly called Camden Martinique Apartments, will be renamed The Grand Costa Mesa and undergo a $45 million remodel project, expected to be completed in four years. [ more ]
Los Angeles Times
4 months ago
Los Angeles

Wealthier Asian American and Latino voters in Orange County may be pivotal in upcoming elections

Moderately partisan Republicans in Orange County are becoming an important voting group.
These voters prioritize policy and person over party affiliation. [ more ]
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