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Douglas Emmett benefits from a narrow focus in real estate
Douglas Emmett benefits from a narrow focus in real estate

Douglas Emmett Inc. has developed an extremely specific taste in properties: office and residential high-rises in Los Angeles and Honolulu. At 15.1 million rentable square feet, its office space would cover 262 football fields. With nearly 2,900 apartment units, the real estate investment trust could house the roughly 3,700 year-round residents of the Santa Catalina Island burg of Avalon, assuming some doubling up. "We've always taken the position that real estate is a very local business," Chief Executive Jordan L. Kaplan said. And the localities that Douglas Emmett is particularly interested in are the San Fernando Valley and L.A.'s Westside. "Los Angeles...

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