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Helen Zhao

Stories by Helen

Tech Homes In On Broker Fees

REAL ESTATE: Ventures aim to put squeeze on high costs.

Tech ventures such as Open Listings look to shut the door on steep home-sale commissions.

ArcWest Partners Acquires Historic Silver Lake Office Building

Downtown’s ArcWest Partners announced Wednesday the firm has acquired a 30,000-square-foot historic office building in Silver Lake.

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Ares Management and TruAmerica Multifamily Acquire Arizona Apartment Building in $30 Million Deal

Subsidiary funds of asset management firms Ares Management and TruAmerica Multifamily announced Tuesday they have acquired a 240-unit apartment building in Avondale, Ariz., in a transaction valued at nearly $31 million.

MLS Operators Look to Mergers as Online Rivals Click With Buyers

Curbed Appeal

Operating a multiple listing service has become a tough sell as rivals flourish online.

Quake Alert System Takes Crack at Condo Tower

SAFETY: Early Warning Labs hopes shakeout from installation raises profile.

Condo tower has opened its doors to Early Warning Labs’ earthquake sensor system.

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New York Billionaire Pays $100 Million to Buy Out Sunset Tower Co-Owner

The storied Sunset Tower Hotel in West Hollywood has a new partial owner.

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Hotel Partnership Makes Some Room for Investor

SALE: New York billionaire pays $100 million to buy out a co-owner in Sunset Tower.

The storied Sunset Tower Hotel in West Hollywood has a new partial owner.

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Foreign Funding On Tap at Summit

Annual investment event looks to line up local business people with counterparts from overseas.

Select L.A. Investment Summit looks to build bridges between local businesses and foreign money.

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20 in their 20s: Deepak Atyam and Alex Finch

From a 22-year-old manager of e-sports teams to a 92-year-old manufacturing executive, the Business Journal spotlights some of the working world’s newcomers and old hands.

Marilyn Monroe’s Former Brentwood Home Sells for $7.25 Million

Marilyn Monroe’s former Brentwood home has sold for $7.25 million – $350,000 more than its asking price of $6.9 million.

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Haddad, Witte Assume Leadership of USC Lusk Center Advisory Board

Emile Haddad, chief executive of developer FivePoint Holdings, has been named the new chairman of the USC Lusk Center for Real Estate advisory board. Bill Witte, chief executive of developer Related California, was named vice-chairman.

Jerry Seinfeld’s Former Hollywood Hills Home for Sale for $40 Million

Jerry Seinfeld’s former Hollywood Hills home is for sale off-market, according to listing agent Rochelle Maize of Nourmand & Associates.

Four Seasons Residences Begins Construction with $239 Million Loan

Construction began this week on Four Seasons Residences, 58 ultra-luxury condominiums and townhouses on the outskirts of Beverly Hills, after developer Genton Property Group raised $239 million for the project.

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Investor Pioneered Hispanic Television

A. Jerrold Perenchio acquired Univision in 1992 deal; changed channel into media powerhouse.

Billionaire TV exec and philanthropist A. Jerrold Perenchio, 86, pioneered the Hispanic broadcasting market.

Westside Condos Head Into New Price Territories

REAL ESTATE: Brokers pitch high-net-worth buyers $2,000-a-square-foot homes.

Ultraluxury condos on the Westside are heading north of traditional listing prices.

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Billionaire Philanthropist and Former Univision CEO Jerrold Perenchio Dies at 86

Billionaire media mogul and philanthropist A. Jerrold Perenchio passed away on Tuesday at the age of 86 after a five-month struggle with lung cancer, according to a statement from his L.A.-based investment firm, Chartwell Partners.

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City’s Take on Sustainability May Buoy Businesses

HOUSING: Construction, design firms get green light with Santa Monica policy.

Santa Monica’s zero-net-energy policy could pay off for construction and design businesses.

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Rooftop Decks Prove Draw at Homes too Small for Traditional Backyards

Another Level

Homes with rooftop decks can raise the price ceiling on properties too small for backyards.

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Architect Follows Career Blueprint to High End

DEVELOPMENT: Homes by Paul McLean can go for hundreds of millions.

Architect Paul McClean talks how the market is holding up for $500 million megamansions.

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Philanthropist Put Focus on L.A.

Marion Anderson, 86, supported UCLA, Children’s Hospital, others, with late husband, John.

Marion Anderson, 86, was known for her support of UCLA and Children’s Hospital Los Angeles.

Billionaire Philanthropist and Topa Equities Chairwoman Marion Anderson Dies

Marion Anderson, the billionaire philanthropist and chairwoman of Topa Equities Ltd., died on Sunday in Los Angeles.

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Echo Park Homes Set to be Preserved as Historic Monument after Developer Filed Plans for Demolition

Seven pre-World War II bungalows in Echo Park are set to be preserved as a historic monument, preventing L.A. developer Bixel House from demolishing them to build 12 small-lot subdivision single-family homes.

Unlocking Luxury

Bruce Makowsky lives on high end of mansion market with projects such as $250 million Bel Air home

REAL ESTATE: Developer Bruce Makowsky has given luxury a whole new ZIP code with his megamansions.

L.A. Welcomes Bootlegs

HOUSING: Council signs off on path to turn unapproved units into permitted homes.

HOUSING: Los Angeles City Council opens door for bootlegged residential units to gain permits.

Top Fox Broadcasting Exec Lists Bel Air Home for $9 Million

Fox Broadcasting Co.’s president of entertainment, David Madden, and his wife, Marci Pool, have put their Bel Air home on the market for $8.99 million, according to property records.

Developer Plans 228 Homes in Inglewood Near Rams Stadium

Harridge Development Group is swooping into Inglewood with a plan to build 228 townhomes on an 18-acre site just a mile from the Los Angeles Rams’ planned $2.6 billion stadium.

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Los Angeles Moves to Legalize Bootlegged Residential Units

Around 5,000 bootlegged units across Los Angeles created without a city permit could soon become legal.

Cover Raises $1.6 Million to Build Prefab Structures for Homes

Cover Technologies Inc., a prefab building company that designs and manufactures backyard studios, has raised $1.6 million in seed funding, according to a statement released Tuesday.

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Artists Canvass Deals at Open Houses

Hanging their work in high-end for-sale homes can open doors for artists.

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Report: April Hiring in Los Angeles Grew by More Than 13 Percent Year-to-Year

Businesses hired at a much faster rate in April than they did a year ago, according to a monthly jobs report from professional social networking site LinkedIn.

Beyoncé and Jay Z Reportedly Make $120 Million Offer on Bel Air Mansion

Beyoncé Knowles Carter and Shawn “Jay Z” Carter have reportedly submitted a $120 million bid to buy a hilltop mansion in Bel Air.

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Billionaire at Home With Pricey Mansion

Nicolas Berggruen moves into 20,000-square-foot Holmby Hills estate with $40 million deal.

Billionaire Nicolas Berggruen grows his L.A. roots with the purchase of a Holmby Hills mansion.

Nicolas Berggruen Purchases Former Edith Mayer Goetz Estate in Holmby Hills for $40 Million

Nicolas Berggruen, once known as the “homeless billionaire,” has purchased the former Holmby Hills mansion of socialite Edith Mayer Goetz for $40 million, listing agent Aaron Kirman of John Aaroe Group said.

Partnership Linked to Sons of Armenian Finance Minister Sells Holmby Hills Mansion for $18.8 Million

A limited liability corporation linked to two sons of the Armenian finance minister, Gagik Khachatryan, has sold a home it owned across the street from the Playboy Mansion in Holmby Hills for $18.8 million.

Marilyn Monroe’s Brentwood Home Where She Died Listed at $6.9 Million

The Brentwood house where Marilyn Monroe lived and died has hit the market for $6.9 million.

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Real estate agents lay out strategies on how to bring home residential deals.

‘Going To War’

Agents talk the tricks that open the door to winning bidding wars for prime homes.

Brokers Invest in Videos To Help Frame Mansions

HOUSING: Partners Trust duo drew on ‘La La Land’ to pitch $8.5 million home.

Some brokers make a big production out of creating potential viral videos to showcase high-end homes.

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Sean ‘Diddy’ Combs’ Business Partner Lists Beverly Hills Home for $12.5 Million

Andy Schuon, who co-founded music-focused cable network Revolt Media & TV alongside hip-hop artist and entrepreneur Sean “Diddy” Combs, is selling his Beverly Hills home for $12.5 million.

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Commonwealth Business Bank Reports Net Income Rise in First Quarter

Commonwealth Business Bank released its first quarter earnings report on Tuesday, showing growth in net income and diluted earnings per share.

Restaurateurs Fill Plate With Coffee

Roy Choi, Daniel Patterson, and Tony Konecny form Yez Plz to seek heat at low price point.

Locol’s Roy Choi and Daniel Patterson aim to cut costs for cups of joe with Yes Plz venture.

Career as Agent Now Tough Sell

HOUSING: Licenses on wane as L.A. market harder to crack.

HOUSING: Agents and brokers are finding it tougher to live with the residential market’s challenges.

Roy Choi’s Locol Chain to Launch Affordable Premium Coffee Shops

Restaurateurs Roy Choi and Daniel Patterson, the team behind Los Angeles healthy fast-food restaurant chain Locol, are planning to scale up their premium affordable coffee brand, Yes Plz, with coffee windows and standalone shops.

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Producer Joe Carnahan Lists Pacific Palisades Home for $3.9 Million

Hollywood director and producer Joe Carnahan is selling his Pacific Palisades home for $3.89 million.

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Businessman Helped Neighborhood Bounce Back

DEVELOPMENT: Vermont Avenue tenants credit lift to efforts by Leonardo Lopez.

Olympian Burgers’ Pete Zinelis lived through the Rodney King riots and the neighborhood’s recovery.

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Report: Hiring in Los Angeles Grows by 2 Percent

Businesses hired at a faster rate in March than in the year earlier, according to a monthly jobs report from professional social networking site LinkedIn.

Miami Marlins’ Ichiro Suzuki Sells L.A. Penthouse to ESports Entrepreneur for $2.45 Million

Miami Marlins outfielder Ichiro Suzuki has sold his downtown Los Angeles penthouse to eSports pioneer Alexander Garfield for $2.45 million.

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High-End Amenities Help Put Price on Mansions

REAL ESTATE: Developers, designers look to create next big thing to hook ultrarich.

Some multimillion-dollar homes make room for luxury offerings to attract high-net-worth buyers.

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High-end Homes May Face Lower Demand

High-end home brokers see signs that East Coast slowdown could move to Los Angeles.

Developers and brokers of high-end homes in Los Angeles are seeing cause for concern in East Coast luxury markets such as New York and Miami, where prices have softened and sales volume has waned.

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Santa Monica a Hot Spot for Solar Power Venture

ACQUISITION: Sale of office property, adjacent lot brings Hudson Pacific $35 million.

Hudson Pacific Properties Inc. has sold an office building and adjacent plot of land in Santa Monica for $35 million to solar power provider Cypress Creek Renewables.

Hudson Pacific Properties Sells Office Building, Land for $35 million

Hudson Pacific Properties Inc. has sold an office building and an adjacent 1.2-acre plot of land in Santa Monica for $35 million to Santa Monica-based solar power provider Cypress Creek Renewables. The deal closed March 21 and was announced this week.

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