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CALIFORNIA | LOCAL
April 22, 2013 | By Andrew Blankstein and Matt Stevens
Scott Sterling, the 32-year-old son of Los Angeles Clippers owner Donald Sterling, died as a result of a pulmonary embolism and  "narcotic medication intake" in what Los Angeles County coroner's officials classified as an accidental death, authorities said Monday. Sterling was found dead in his apartment on Pacific Coast Highway in Malibu on New Year's night. Los Angeles County Sheriff's Department officials quickly determined his death did not involve foul play but appeared to involve some type of drug overdose.
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BUSINESS
April 23, 2014 | By Roger Vincent
One of the most desirable pieces of real estate in the country - the site of a former department store in Beverly Hills - is on the market again. Unlike other commercial properties across Southern California that have seen major long-stalled developments finally get underway in the last few years, this one has been a struggle. Once home to an upscale Robinsons-May store, the property has seen multiple owners who have so far been unable to bring a condominium complex designed by a famous architect to life.
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BUSINESS
December 27, 2013 | By Julie Makinen
BEIJING - Chinese property developer Oceanwide Real Estate Group said Friday that it would make its first foray into the U.S. It will spend up to $200 million to buy a sprawling parking lot in downtown Los Angeles across from Staples Center and the L.A. Live entertainment complex and develop a five-star hotel, apartments and retail space. The 4.6-acre site at the southeast corner of 11th and Figueroa streets has already been approved by the city for a high-end, mixed-use complex called Fig Central.
HOME & GARDEN
April 12, 2014 | Anne Colby
Rustic Canyon's sylvan beauty and funky charm cast its spell on Jill Soffer a dozen years ago. She liked the neighborhood's relaxed environment and abundance of sycamore trees and purchased a home there in 2002. "There's all this green around. It's not too manicured," Soffer said appreciatively. "People are easygoing, everything is a little overgrown, and the creek in the middle of everything is a little shaggy. You can hear the frogs at night. " She planned to renovate her 1920s three-bedroom house, but hadn't yet when she met and then in 2008 married Greg Adler, who had two young sons.
CALIFORNIA | LOCAL
January 4, 2010
Where to check To find out if your home is in a 100-year-storm flood plain and subject to the insurance mandate, go to: msc.fema.gov
CALIFORNIA | LOCAL
July 1, 1993
If money and property confiscated from drug dealers were to go into the general fund and not directly to enforcement coffers, perhaps even enforcement agencies would acknowledge the dismal failure of the current "war" on drugs. WILLIAM H. McCORMICK Garden Grove
OPINION
October 30, 1988
I wonder why the two candidates for President have not mentioned selling federal government property or services to the public like TVA, Amtrak, etc., which could result in revenue of several billion and reduce the federal deficit? Do we have to wait until we decline like England, New Zealand and other nations who are now selling government-owned enterprises to private business? I hope not. FRED NEWMAN Marina del Rey
BUSINESS
September 5, 2013 | By Roger Vincent
Los Angeles commercial landlord Thomas Properties Group Inc., which revived downtown's massive City National Plaza, is fading from the local landscape. The company has agreed to be sold to Parkway Properties Group Inc., a real estate investment trust based in Orlando, Fla., for $294 million in stock. The deal, which the two companies value at about $1.2 billion after including the value of debt and other costs, will give Parkway two properties in Houston and five in Austin, Texas.
CALIFORNIA | LOCAL
January 17, 2014 | By Richard Winton
Simi Valley police are investigating what they're calling a suspicious death after a body was found on a large residential property that has been visited by officers multiple times in the past. Simi Valley Police Cmdr. Stephanie Shannon said detectives do not know whether the unidentified person died at the location in the 4000 block of Adam Road, or if the body was transported there. Officers discovered the body about 8 a.m. Thursday after arriving at the property in response to reports of a suspicious incident.
HOME & GARDEN
August 8, 2011 | By Lauren Beale, Los Angeles Times
Jon Feltheimer, chief executive of the Santa Monica film and television studio Lions Gate Entertainment Corp., has sold his Holmby Hills estate for $14.4 million. The 1.4-acre flat property overlooks a fairway at the private Los Angeles Country Club. The 6,400-square-foot house, built in 1927, has five bedrooms and 51/2 bathrooms. Feltheimer, 59, bought the property in 2009 for $9,812,500, public records show. David Offer of Prudential California, Brentwood, was the listing agent, according to the Multiple Listing Service.
BUSINESS
April 10, 2014 | By Marc Lifsher
SACRAMENTO - Private space companies, such as SpaceX in Hawthorne, would get a local property tax break on launch vehicles, fuel, satellites and other gear under a bill approved overwhelmingly Thursday by the state Senate. The proposal, AB 777 by Assemblyman Al Muratsuchi (D-Torrance), would create the exemption from local property taxes for a 10-year period that would end Jan. 1, 2024. Legislation is needed to modernize the state's tax code to encourage companies such as billionaire Elon Musk's SpaceX to build their rockets and spacecraft in California, Muratsuchi said.
CALIFORNIA | LOCAL
April 9, 2014 | By Emily Alpert Reyes
L.A. City Councilman Curren Price is pushing for Los Angeles to shut down “problem properties” more quickly after “destitute conditions” were found at a Hoover Street office building converted into apartments. “It took the involvement of three city departments to close this one property,” Price said in a council motion submitted Wednesday. “These city departments need to be able to better communicate and coordinate their efforts to close these properties in a timely manner, because residents should not be living in these substandard conditions.” Price wants several departments, including the Fire Department, the Housing and Community Investment Department and the Department of Building and Safety, to report back on how they could “do a better job of communicating and coordinating efforts to identify and close problem properties.” Escalating rents, scarce housing and continued financial struggles for Los Angeles families have forced more people into such conditions, Price said in a statement.
CALIFORNIA | LOCAL
March 29, 2014 | By Louis Sahagun, Paloma Esquivel and Catherine Saillant
When the first jolt hit, Fullerton Mayor Pro Tem Greg Sebourn was on the couch getting his 4- and 8-year-old daughters ready for bed. As Sebourn rushed his screaming girls toward the door, another violent lurch knocked the mayor and one of his daughters to the floor. Sebourn skinned his knee and his daughter bumped her head on a door jamb. On Saturday, the mayor was thankful their injuries weren't worse. "It's the strongest jolt I've ever felt, and I've been in the same town for 41 years," he said.
CALIFORNIA | LOCAL
March 29, 2014 | By David Colker
Former Los Angeles Times reporter Ruth Ryon, who created the highly popular and enduring Hot Property column on celebrity real estate, died Friday at a hospice facility in Redondo Beach. She was 69. The cause was complications of Parkinson's disease, said her husband, George Ryon. For Angelenos, some of whom visit homes for sale even if they're not looking to buy, Ryon's column quickly became a guilty-pleasure must-read. The first column, which appeared Nov. 25, 1984, led with Johnny Carson buying a house in Malibu for $9.5 million, at the time the most ever paid in that area for a single-family home.
BUSINESS
March 25, 2014 | By Shan Li
This post has been corrected. See the note below for details. The Internal Revenue Service said Tuesday that bitcoin would be treated and taxed as property, a decision that is part of wider efforts to bring more oversight to the controversial digital currency. In its first big ruling on bitcoin, the agency noted that "it does not have legal tender status” and will be taxed under codes that apply to property transactions. That means wages paid to workers in bitcoins will be subject to federal income and payroll taxes.
CALIFORNIA | LOCAL
March 25, 2014 | By David Zahniser
A retired Los Angeles building inspector was sentenced Monday to 2 1/2 years in prison resulting from a federal probe into bribe-taking at the Department of Building and Safety. U.S. District Judge Dean D. Pregerson also ordered Samuel In, a 37-year city employee who retired in 2011, to pay $30,000 to the city. In, who pleaded guilty to felony bribery last year, is one of five former Building and Safety employees to face either criminal charges or dismissal as a result of the bribery probe.
BUSINESS
November 6, 2012 | By Roger Vincent, Los Angeles Times
MPG Office Trust Inc., the largest office landlord in downtown Los Angeles, turned a profit in the third quarter as it continued to shrink its property portfolio. The Los Angeles real estate investment trust, which also owns buildings in Glendale and Cerritos, continued to sell heavily indebted properties while hanging on to most of its trophy buildings in L.A.'s financial district. MPG reported third-quarter net income of $88 million, or $1.57 a share, up from $25.6 million, or 51 cents, in the same period last year.
BUSINESS
November 20, 2013 | By Roger Vincent
A vast but vacant Sears Roebuck & Co. product distribution center in Boyle Heights dating to the 1920s has sold for $29 million to a Los Angeles developer who plans to bring it back to life, perhaps with housing, offices and stores. The building has been a fixture on the East Los Angeles skyline for decades. Izek Shomof, who has renovated several office buildings and hotels in downtown's historic core, bought the sprawling nine-story Olympic Boulevard complex, where workers once glided on roller skates among far-flung racks of merchandise to fill orders from the popular Sears mail order catalog.
CALIFORNIA | LOCAL
March 24, 2014 | By Gale Holland
The city of Los Angeles is dropping an appeal of a court ruling banning the seizure and destruction of property that homeless people leave unattended on public sidewalks, Rob Wilcox, spokesman for City Atty. Mike Feuer, said Monday. Feuer's decision ends three years of legal wrangling over health and safety on skid row. Eight skid row residents filed suit in 2011, accusing city workers, accompanied by police, of confiscating and dumping their personal possessions -- medication, identification, cellphones and toiletries.
BUSINESS
March 23, 2014 | By Anky van Deursen
Question: I just took over the property management job for a 100-unit multistory apartment complex. The previous property manager let the tenants run wild here, and the owner has asked me to shape things up. There are children running all over the place at all hours of the day and night, breaking sprinklers, making noise, skateboarding on the railings, throwing rocks and breaking windows. I would like to establish some rules and regulations to help protect the property, ensure peace and quiet for all the residents, and protect the owner from liability.
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