July 10, 1999 |
Flush with equity--and confidence--from rising real estate values, Southland property owners are fueling a new boom in home improvement and remodeling projects they did without for much of the 1990s. In the San Fernando Valley, post-World War II-era houses are getting everything from added sun rooms to high-tech kitchens. In Huntington Beach, modest 1,300-square-foot homes are becoming 2,300-square-foot showplaces. In Newport Beach, they're spending $70,000 on kitchen cabinets alone.
January 19, 1999 |
After decades in which business school classrooms were almost interchangeable, university leaders throughout the United States are scrambling to erect spectacular, high-tech buildings they say are necessary to attract top students.
December 8, 1998 |
The construction business was in such a deep slump a few years ago that contractor Ernie Ritchie was ready to abandon the industry and find a new way to make a living. But on a recent weekday, Ritchie was busy supervising his crew of seven plasterers at the site of a new movie theater in Pasadena while preparing to take on new jobs in Simi Valley and Dana Point. "It's like night and day," said Ritchie, 36, whose revenue is up 10% from last year. "There is a job on every corner you look at.
October 6, 1998 |
To most observers, Southern California's growing need for housing should create an ample market for new condominiums. Rising land costs are pushing single-family homes out of the reach of many would-be buyers at the same time that low mortgage rates make mortgages affordable. At a similar point in the last real estate boom, many buyers opted for new condos. This time around, they don't have that option.
CALIFORNIA | LOCAL
September 1, 1998 |
You might think that some things are just too big to steal. But size doesn't mean everything when it comes to crime. Just ask Diana Rummell, Los Angeles' resident expert on the growing problem of heavy-construction equipment theft. "It's getting worse," said Rummell, executive director of the Construction Industry's Crime Prevention Program of Southern California. "Right now our stats for this year are higher than they were last year, for the first six months."
May 7, 1998 |
Presley Cos., one of Southern California's largest home builders, has hired an investment banking firm to help it resolve its financial troubles, a move that could lead to the sale of the company. The Newport Beach-based builder has been saddled with so much debt that it had a negative net worth of $5.7 million at the end of last year. With its ability to meet its future debt obligations uncertain, Presley said it hired SBC Warburg Dillon Read Inc.