October 16, 2011 |
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.
March 18, 1990 |
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.
November 18, 1985 |
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.
August 6, 1987 |
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.
December 31, 1987 |
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.