March 5, 2013 |
MPG Office Trust Inc., the largest office landlord in downtown Los Angeles, unloaded enough assets in the fourth quarter to show a profit. The Los Angeles real estate investment trust, which also owns an office building in Pasadena, repeated its recent pattern of cutting loose its stakes in heavily indebted properties including One California Plaza and Two California Plaza downtown. MPG reported fourth-quarter net income of $205.2 million, or $3.52 a share, compared with a loss of $9.9 million, or 20 cents, a year earlier.
February 28, 2013 |
Actress and model Mischa Barton is looking for a new tenant for her gated Beverly Hills Crest-area compound listed at $35,000 a month. The main house and three separate guest quarters have six fireplaces, eight bedrooms, 10 bathrooms and 9,800 square feet of living space. The 1.2 acres include a swimming pool and spa. Barton, 27, starred in “The Beautiful Life” (2009) and “The O.C.” (2003-06). Her films include “Don't Fade Away” (2010), “The Sibling” (2012) and the upcoming drama “Bhopal: A Prayer for Rain.” Joseph Babajian of Rodeo Realty and Mitra Sisatar of Coldwell Banker's Beverly Hills North office have the listing.
CALIFORNIA | LOCAL
February 28, 2013 |
Low-income tenants fighting eviction will be disproportionately harmed by a Los Angeles County Superior Court plan to cut costs by reducing the number of courts handling landlord disputes, legal advocates for the poor say. The number of courthouses hearing such cases will be reduced from 26 to five throughout the county under a plan expected to be implemented by the end of June. Some people will have to travel up to 32 miles to litigate their cases, court officials said. For some, the trips could take several hours using public transportation and include transfers on multiple trains and buses, said Neal Dudovitz, executive director of Neighborhood Legal Services of Los Angeles County.
CALIFORNIA | LOCAL
February 21, 2013 |
When Wendy Greuel announced a landlord group's support of her Los Angeles mayoral campaign this week, she called it a sign of her growing appeal among business and labor. But landlord endorsements are not entirely a badge of honor in a city where about 60% of the housing is occupied by tenants. One of the city's biggest landlord groups, the Apartment Assn. of Greater Los Angeles, threw its support behind both Greuel, the city controller, and mayoral rival Jan Perry, a City Council member.
February 10, 2013 |
Question: I recently asked the property manager to repair my shower after I noticed a leak damaging the floor. He sent me an email telling me that he would make the repairs, but that I had to give him a time and date in the next week when I would be present in the apartment for his plumber to come and do the job. I am a single mother and need to work during the day to support my family. I cannot afford to take time off. Do I have to agree to be present in order to get my bathroom repaired?
January 27, 2013 |
Question: I am a first-time landlord who just bought a six-unit apartment building as a personal investment. My Christian faith is extremely important to me and affects every aspect of my life. I would prefer to rent out the apartments in my building to other Christians, not because I am prejudiced against non-Christians but because I like the idea of creating a community of believers living together in fellowship. I have been told that the fair housing laws do not allow me to specify in my advertising that I will accept only Christian tenants.
January 4, 2013 |
JERUSALEM - It's different each time, the sensation driven by my religious body temperature at the moment, each occasion leavened by the vicissitudes of life, by doubt, skepticism, spiritual immobility or vague rhapsody - and certainly by my own vanities. One first has to get past the sense of being an intruder, even if one is incontrovertibly Jewish, because the landlords of Jerusalem's Western Wall, a conglomerate of stern, bearded men from a variety of ecclesiastic tribes, are rather possessive of their default contract with the place.
December 28, 2012 |
The imminent closure of Junior's Deli, a longtime Jewish eatery on the Westside, was the result of inexperienced ownership that exacerbated a rent dispute, according to the business' landlord. For decades, Beverly Hills-based Four Corners Investment Co. has leased the Westwood Boulevard property to Junior's, said the firm's attorney, Behzad Nahai. The company “always had an excellent business relationship with Marvin Saul,” who launched the deli in 1959, Nahai said. But Saul died last year after a heart attack, passing control of Junior's to his sons David and John.
December 23, 2012 |
Question: We recently moved out of a house that we were renting. Our lease stated that the tenant was required to have the home and carpets professionally cleaned upon vacancy. We offered the landlady $350 from our deposit to hire a company to clean the house to her liking. When we received our refund, we saw that she deducted this amount from our security deposit. However, by then I had driven back to our rental to pick up my remaining boxes. When I was there, I saw that our landlady had painters repainting the entire house.
December 16, 2012 |
Question: I recently separated from my husband. Right now my 10-year-old son and I are living with my parents, but we need to find our own place to live. I can't afford to pay much rent until I get a job, but I was hoping to find a furnished efficiency or one-bedroom apartment. I found an ad for a one-bedroom apartment that I can afford. When I called the owner to arrange to see the place, I mentioned my son. He then told me he didn't feel comfortable renting the place to me because he thought my son should have his own bedroom.