California’s real estate establishment lost its favorite candidate for governor in June. On Tuesday, it won with its backup. Democrat Xavier Becerra defeated Republican Steve Hilton to become California’s next governor, according to the Associated Press, which called the race not long after polls closed. He won with the support of SoCal real estate royalty: Don Bren, the country’s richest developer and owner of Irvine Company, and billionaire mall mogul Rick Caruso, among others. Bren did not back Matt Mahan, the industry’s initial favorite — but Caruso and others did. Becerra became the Golden State real estate circle’s choice after […]
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