March 11, 2012 |
Growing demand from creative businesses such as post-production, new media, advertising and technology firms resulted in the greatest net absorption of creative office space on Los Angeles County's Westside in 2011 since the start of the recession, a report said. Last year, more than 500,000 square feet of offices were taken off the market, the highest annual net absorption since 2006 and a 32% increase over 2010, real estate brokerage Industry Partners said. The firm describes creative space as an adaptive reuse of an existing commercial or industrial building predating 1970 or new construction meant to convey a similar look and feel.
March 17, 2010 |
Striding purposefully, his smile lighting up a rainy afternoon, Barack Obama appears to have arrived here early to tour an elementary school he attended as a boy. But wait. It's not him. The U.S. president is still back in Washington shepherding his healthcare bill toward passage. He's not due to arrive in Indonesia until next week. So who is this guy? He's Ilham Anas, a 34-year-old teen-magazine photographer who has parlayed a striking resemblance to the American president into his own brand of celebrity.
November 23, 2012 |
Jeremy Parker is a rancher who raises his cattle the old-fashioned way. His herd feeds on grass. "There's definitely growing demand" for grass-fed beef, he said. "There's more demand than there is availability. " Although still only about 3% of the beef consumed in the U.S., grass-fed beef will keep rising in popularity, advocates, consumers and producers predict. One study put demand growth at 20% a year. "It's expanded dramatically," said Alan Williams, a grass-fed beef producer and member of the Pasture Project, an effort to get more conventional producers in the Midwest switching to pasture-based systems.
December 12, 2012 |
NEW YORK -- There may not be enough bonds to satisfy demand in coming years as the private sector trims debt and workers retire. Rick Rieder, chief investment officer for fixed income at BlackRock, said central banks will likely keep interest rates low in coming years as countries continue reducing their debt loads, or leverage. "Central banks have to keep real rates low to deal with this burden of leverage,” Rieder said at an event in New York on Wednesday morning. Meanwhile, the percentage of the working-age population in the United States, Italy, Germany, Japan and China is projected to decrease in coming years, Rieder said.
September 9, 2012 |
Companies in creative businesses that scorn traditional glass-and-steel office towers continued to rule the Westside real estate market in the second quarter as landlords scrambled to meet their demands. While large spaces in some of downtown Los Angeles' signature skyscrapers such as 72-story US Bank Tower lay fallow, homely old industrial buildings tricked out on the inside were in short supply, according to a report by real estate brokerage Industry Partners. Direct vacancy in the 17.7-million-square-foot Westside creative office market was 9.2%, the lowest level since the first quarter of 2009.
September 10, 2012 |
State Sen. Michael Rubio (D-East Bakersfield) and 22 of his legislative colleagues are demanding a congressional investigation of the U.S. Anti-Doping Agency. USADA is the quasi-governmental body known for stripping American athletes of their right to compete based on doping charges that it doesn't have to prove in a court of law. USADA's most recent target was Lance Armstrong. The legislators' demand, in a letter last week to U.S. Sens. Dianne Feinstein and Barbara Boxer, is a response to my column about USADA's Armstrong ruling , which declared him a doper and purportedly stripped him of his seven Tour de France titles.