October 3, 2000 |
Is Southern California's booming apartment industry--where rents are rising rapidly and vacancies sinking to historic lows--getting too hot? That was the common question Monday at an apartment industry conference where speakers raised concerns about a growing housing shortage that could choke off economic growth and trigger a backlash in the form of rent control. "The single greatest threat to the boom's continuation is the boom itself," said real estate broker David L.
August 18, 2000 |
As a stylish apartment complex takes shape in Irvine, three men pick their way through an unreinforced trench, between walls of unsecured dirt up to their ears. At a new cookie-cutter subdivision going up a few miles to the south, a man wearing neither safety harness nor hard hat traipses across a narrow wooden roof frame, 20 feet above the ground.
July 4, 2000 |
Raising its profile among West Coast developers, Brookfield Homes of California Inc. said it will take control of the home-building operations of Catellus Development Corp. for $147.5 million in cash. Brookfield, the Costa Mesa subsidiary of Toronto-based Brookfield Properties Corp., will manage a new limited liability company that will own 900 Catellus lots in 16 projects, primarily in Orange County. Catellus, one of the largest developers in the West, will retain a $22.
CALIFORNIA | LOCAL
June 26, 2000 |
During the recession years of the 1990s, the state postponed a program that required local governments to plan for housing construction to meet California's future population growth. Now that the economy is thriving, the program is back and the tussle over how to divide up the responsibility for the housing is heating up again, particularly in Southern California.
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.