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Madison Realty Capital Finances Beverly Hills Condo Project

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Madison Realty Capital finances Beverly Hills condo project amid West Coast expansion

BEVERLY HILLS — Madison Realty Capital has provided construction financing for a condominium project in Beverly Hills, as the real estate investment and lending firm continues its West Coast expansion.

New York-based Madison provided a $20 million construction loan for a 16-unit project in Beverly Hills, at 154 North La Peer Drive, the company announced. The four-story development will be

New York-based Madison provided a $20 million construction loan for a 16-unit project in Beverly Hills, at 154 North La Peer Drive, the company announced. The four-story development will be 34,000 square feet.

The borrower was Lenlib Lapeer Inc., records show. It is affiliated with MarMar Group, which calls itself a family-owned real estate investment company. The company is affiliated with […]

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Anawalt to Fill Hardware Store Void in Pacific Palisades

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Anawalt Lumber Moving Into Norris Space


Anawalt Lumber will be taking over a portion of the space formerly occupied by Norris Hardware, President/CEO Rolando Robles confirmed to the Palisadian-Post on Monday, February 17.

The 12,400-square-foot building has sat vacant since Norris’ closure after serving Pacific Palisades for nearly 40 years.

“Nineteen months they’re without a [hardware] store, I know how hard that is,” Robles said about what inspired Anawalt to sign onto a Palisades store, adding that he is looking forward to serving the community.

Since Norris closed, rumors have swirled about what will occupy the space—with everything from a Pilates studio to an Apple store suggested.Anawalt, a family-owned and operated company […]

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The Most Expensive Home in LA Cost Jeff Bezos Only 0.13% of Net Worth

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LOS ANGELES (Los Angeles Times) — Amazon CEO Jeff Bezos walks onstage for the launch of the Fire Phone in Seattle. It can be hard to grasp the wealth of Jeff Bezos, the planet’s richest man.

Thankfully his decision to spend $165 million on a Beverly Hills mansion last week — a California record — offers some clarity.

For starters, there’s this easy calculation. Amazon’s stock, the source of Bezos’ fortune, bounces around daily, but as of the close of markets last week, Bloomberg’s Billionaires Index calculated his net worth at $130 billion despite a $833 million stock market hit Friday.

That means the nine figure sum he’s shelling out for the former estate of movie mogul Jack Warner amounts to only 0.13% of his net worth, rounded up ever so slightly. Not too many Angelenos could […]

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Faring Seeking $375M in Construction Financing for WeHo Mixed-Use Project

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Faring Seeking $375M in Construction Financing for WeHo Mixed-Use Project

WEST HOLLYWOOD (Commercial Observer) — Faring is seeking $375.2 million in construction financing for Robertson Lane , its mega mixed-use development in West Hollywood, Commercial Observer has learned.

The five-year, floating-rate lending opportunity is being marketed by Cushman & Wakefield ’s Rob Rubano , Brian Share , Ernesto Sanchez , Joseph Lieske , Becca Tse and Keith Paden , according to an offering memorandum shared with CO. Officials at C&W declined to comment.

Sources said the deal hit the market on Tuesday.

When completed, the 1.92-acre project— located at 652 North La Peer Drive , at the edge of Beverly Hills—will include a 5-star, 182-room hotel, a private members’ club with 19 guest rooms and high-end retail, restaurant, office and banquet space. The development will also feature a three-level subterranean […]

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