January 8, 2014 |
A 1970s-era office building in the Westlake neighborhood near downtown Los Angeles that houses a branch of the L.A. Superior Court has sold for $50 million to prominent local real estate investor Jamison Services Inc. Jamison, one of the largest office landlords in Southern California, bought the building at 600 S. Commonwealth Ave. from a family trust managed by Comerica Bank. The 19-story building overlooking Lafayette Park in the Westlake neighborhood was completed in 1971 to house the Los Angeles offices of CNA Financial Corp., a Chicago insurance firm.
December 18, 2013 |
When it comes to televised sports, executives root for teams in large markets from opposite coasts to build excitement and grow the audience. Mega Millions, a different kind of sport, scored the same kind of blanket media coverage with its announced winners in Atlanta and California for the near-record $636-million jackpot. The odds of winning lotteries are impossibly high -- about 1 in 259 million for the jackpot in Mega Millions. It is almost more likely that anything else in human experience will happen than winning.
November 29, 2013 |
WASHINGTON - As they prepared to launch the Consumer Financial Protection Bureau in early 2011, Obama administration officials settled on its permanent headquarters: a vacant government building a block away from the White House. They planned to turn the former home of the defunct Office of Thrift Supervision into a showplace befitting the first new federal agency created in decades to focus specifically on protecting American consumers. The 35-year-old building would be renovated to include a state-of-the-art public lobby with "interactive kiosks and 21st century learning centers," Sen. Elizabeth Warren (D-Mass.)
November 13, 2013 |
Online bingo game manager Adam Carpenter wants a dog, and his apartment landlord is ready to roll out the red carpet for the prospective pooch. In Marina del Rey and upscale neighborhoods nearby, the drive is on to attract sophisticated tenants like Carpenter who work in the technology, media and entertainment businesses flourishing on the Westside. Dog runs, smoke-free apartments, fire pits, Wi-Fi, fully equipped gyms and pools are just a few of the amenities tailored for the creative set. A new addition is a splashy complex of 12 buildings with 544 apartments at the marina.
CALIFORNIA | LOCAL
October 12, 2013 |
The 6.3 magnitude earthquake that devastated Christchurch, New Zealand, in 2011 toppled buildings, upended roads and even liquefied the ground under some communities, causing them to sink. The historic city saw the soaring brick spire of the ChristChurch Cathedral topple and another 19th century landmark church crumble to the ground. But residents were stunned to learn that two-thirds of the 185 people killed in the city were in two more modern, seemingly solid concrete office buildings that fell down with the shaking.
September 25, 2013 |
One of the pioneers behind a lively strip of new bars and restaurants in downtown Los Angeles has launched plans to expand. The owners of busy Bottega Louie restaurant - known for its vast menu, long waits, tasty pastries and deafening crowds - have rented quarters in a historic office building across 7th Street. They are adding a kitchen, tasting room, training facilities and headquarters offices. The move is part of an accelerating expansion of bars, restaurants and residences along 7th Street, which was once a key shopping boulevard but fell moribund in the closing decades of the 20th century as much of downtown decayed outside of the financial district.