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Occupancy

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BUSINESS
March 31, 2012 | By Roger Vincent
Office landlords can expect to see gradual improvement in tenant demand for space this year, but employers will continue to be cautious about expanding, a real estate brokerage said. The office sector of real estate will be bolstered by the improving economy, which should drive more purchases of buildings by investors, Marcus & Millichap reported. Based on its research, the brokerage expects office-using employers to create about 720,000 jobs in the U.S in 2012, a 30% increase over last year.
ARTICLES BY DATE
ENTERTAINMENT
March 6, 2014 | By Gary Goldstein
"The Activist" is an earnest but largely melodramatic thriller placed against the 1973 standoff between federal authorities and members of the American Indian Movement in the South Dakota village of Wounded Knee. Writer-director Cyril Morin (who also composed the score) combines real-life and fictional situations and characters to tell this uneven tale of two Native American activists, Marvin (Chadwick E. Brown) and Bud (Michael Spears), who are dubiously arrested and locked up while the Nixon administration attempts to manipulate events - and further a secret political agenda - around the famed occupation.
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BUSINESS
August 29, 2012 | By Hugo Martin
Hotels in Los Angeles County enjoyed record occupancy rates in July thanks to surging numbers of foreign and U.S. tourists, as well as growing convention and conference visitors. The rate of occupied rooms in the county in July hit 83.9%, the highest for any month in the 25 years that the data has been collected, according to the Los Angeles Tourism & Convention Board. The record rate marks the seventh straight month of year-over-year increases and represents the latest indication that tourism - one of the region's biggest industries - is rebounding from the economic recession of recent years.
NATIONAL
February 25, 2014 | By David G. Savage
WASHINGTON - Police officers may enter and search a home without a warrant as long as one occupant consents, even if another resident has previously objected, the Supreme Court ruled Tuesday in a Los Angeles case. The 6-3 ruling, triggered by a Los Angeles Police Department arrest in 2009, gives authorities more leeway to search homes without obtaining a warrant, even when there is no emergency. The majority, led by Justice Samuel A. Alito Jr., said police need not take the time to get a magistrate's approval before entering a home in such cases.
BUSINESS
October 16, 2011 | By Roger Vincent, Los Angeles Times
It was another stale quarter for most Southern California office landlords as rents and occupancy remained stalled at low levels, except in neighborhoods favored by technology and digital media companies. The soft market was a boon for tenants willing to sign leases. But few companies are finding the need to expand their quarters with the economy tepid and hiring at a standstill. Business bosses "have gone on a personnel diet," said Jim Kruse of CBRE Group Inc., the real estate brokerage formerly known as CB Richard Ellis.
CALIFORNIA | LOCAL
June 14, 1992
Clearly, Santa Ana's attempt to limit occupancy cannot stand. As The Times editorial ("How Many Is Too Much," June 1) correctly pointed out, Santa Ana and other California cities are "reeling from population increases caused by immigration." This does not free city government from the responsibility of providing each and every resident with clean, safe, sanitary housing. Oh, I know, there isn't enough money to keep the street paved or pick up the trash. But, by golly, we can't expect residents to be responsible for their own housing.
NEWS
March 18, 1990 | THALIA GRIFFITHS, REUTERS
Prague's Hradcany Castle, an imposing and remote seat of power--first for Bohemian kings, then for hard-line Communists--is still something of a mystery to its latest occupants. Vaclav Havel's election as president of Czechoslovakia on Dec. 29 put a dozen dissident writers and artists into the massive baroque edifice, which dominates the city from a hilltop high above the Moldau River.
BUSINESS
November 18, 1985 | ROBERT HANLEY, Times Staff Writer
As California's hotel building boom continues, the state's hotel industry is losing its lead in occupancy rates, according to a study expected to be released next week. Hotels in the state filled an average of 69% of their rooms in 1984, and even though an estimated 14,600 new rooms will open throughout California this year, the occupancy rate will stay about the same, according to the report by Pannell Kerr Forster, a Los Angeles accounting firm that specializes in the hospitality industry.
BUSINESS
August 6, 1987 | CHRIS KRAUL, San Diego County Business Editor
Beset by high debt costs, the Hotel Inter-Continental San Diego lost $1.2 million over the first four months of 1987, despite a healthy 82% occupancy rate that was significantly above the local market average. For all of 1986, the hotel lost $7.6 million while operating at a 69% occupancy rate.
BUSINESS
December 31, 1987 | MARY ANN GALANTE, Times Staff Writer
For Orange County's hotels, 1988 may be the year that new construction finally slows and the cost of rooms begins to climb. Efforts to drum up more tourist and convention business, meanwhile, are starting to pay off. More aggressive marketing, more business patrons and more tourists should help reduce the fierce competition among innkeepers. There's certainly no shortage of rooms: The county has 26,000 rooms in 122 hotels that have more than 100 rooms each.
BUSINESS
February 23, 2014 | By Kenneth R. Harney
WASHINGTON - If you're planning to shop for a home in the next few weeks, here's an early spring buying season come-on that just might save you some money if you qualify. Fannie Mae, the largest mortgage investor in the country, has a bulging portfolio of houses acquired through foreclosures nationwide. About 31,000 of these properties are listed on its HomePath (www.homepath.com) resale marketing site. To move them quickly out of inventory, Fannie temporarily is offering qualified owner-occupant purchasers - but not investors - cash incentives toward closing costs of 3.5% of the purchase price.
CALIFORNIA | LOCAL
December 11, 2013 | By Kate Mather
INDIO - Doris Payne, the 83-year-old career jewelry thief whose worldwide exploits have grabbed international headlines, was ordered to stand trial Wednesday in her most recent case in Riverside County. Payne has been charged with second-degree burglary and grand theft after allegedly stealing a diamond-encrusted ring from a Palm Desert jewelry store Oct. 21. She has pleaded not guilty. Riverside County Superior Court Judge Richard A. Erwood ordered Payne back in court Dec. 26, and denied her attorneys' request to release her from custody.
AUTOS
November 29, 2013 | By Jerry Hirsch
Auto safety regulators are pushing for new equipment to protect motorists from their biggest threat: themselves. They're aiming to keep drunk drivers off the road with the help of onboard technology that immobilizes their cars. New vehicles may soon come with systems to help prevent collisions. And engines may not start unless occupants buckle their seat belts. It's all part of a push by the National Highway Traffic Safety Administration to use technology to reduce traffic fatalities.
BUSINESS
November 6, 2013 | By Roger Vincent
Work is underway on an $80-million shopping and dining complex in El Segundo that its owners hope will become a meeting place for South Bay families and workers. The center, to be called the Point, is being built at the northeast corner of Sepulveda Boulevard and Rosecrans Avenue. It is being built by Federal Realty Investment Trust, which also owns the Plaza El Segundo shopping center next door. The Point is intended to complement Plaza El Segundo, which houses large retailers such as Best Buy, Whole Foods Market and Dick's Sporting Goods.
WORLD
October 30, 2013 | By Barbara Demick
BEIJING - More than 48 hours after a car mowed down pedestrians and burst into flames at Beijing's Tiananmen Square, the Chinese government broke its near-silence on the incident and characterized it as a "terrorist attack. " State media on Wednesday identified the car's occupants as members of one family: the driver, Usmen Hasan; his mother, Kuwanhan Reyim; and his wife, Gulkiz Gini. All three were killed, along with two tourists. Chinese authorities also said five people were arrested as accessories in Beijing on Monday night.
WORLD
August 2, 2013 | By Edmund Sanders
JERUSALEM - Even before he has been officially inaugurated, Iran's newly elected president, Hassan Rouhani, got a lesson in the power of his words in a region known for hot rhetoric. Rouhani was quoted -- wrongly, he later said, by Iranian media Friday as likening Israel to a “wound” inflicted on the Muslim world that “should be removed.” The alleged comment, made during an annual Quds Day ceremony to demonstrate solidarity with Palestinians, drew immediate condemnation from Israeli officials, who said it proved the new Iranian regime is not as moderate as some in the West may hope.
BUSINESS
September 23, 2010 | By Roger Vincent, Los Angeles Times
Hotel owners across the country took a thrashing during the recession as occupancy, room rates and values plunged, but investor interest in Los Angeles inns is bouncing back as the market begins to recover, according to a new report. Investors spent $154 million to buy hotels in Los Angeles County through August of this year, four times as much as was spent in all of 2009, according to brokerage Jones Lang LaSalle Hotels. Buyers are looking for bargains, of course. The largest group of hotel sellers in the current cycle has been "special servicer" companies that deal with problem mortgage securities and lenders that foreclosed on properties acquired during the market peak between 2006 and 2008.
OPINION
July 2, 2013 | Jonah Goldberg
You just can't out-gloom an environmentalist. The Atlantic invited some luminaries to answer the question "How and when will the world end?" Some contributions were funny. Others simply plausible - a volcanic eruption from underneath Yellowstone National Park is frightfully overdue. But only an environmentalist like Bill McKibben could be a killjoy about the apocalypse itself. The environmental activist and writer declares the question moot. "In a sense, the world as we knew it is already over.
BUSINESS
June 21, 2013 | By Hugo Martin
With summer in California officially under way Thursday, employers in the state's leisure and hospitality industry have beefed up their payrolls ahead of the busy tourism season.  That was evidenced Friday, when U.S. Bureau of Labor Statistics figures showed that the leisure and hospitality sector led hiring in California for the month of May. The industry's payrolls in the state grew by 9,000 jobs last month. A boost in hiring by hospitality and travel businesses is a sign that the economy continues to improve, said Ernest Wooden, chief executive of the Los Angeles Tourism & Convention Board.
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