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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.
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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.
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CALIFORNIA | LOCAL
October 22, 2012 | By Joseph Serna, Los Angeles Times
They call it the monster mansion. With giant spider webs and a skeleton frame loosely covered with black tarp like sagging skin, this Redondo Beach home blends right in at Halloween. But as residents on this quiet residential street can attest, the home doesn't transform after the holiday. They've watched it take shape, and then dilapidate, over the last eight years. What was one South Bay developer's dream home has become an everyday nightmare for the community just a mile from the marina.
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
October 2, 2013 | By Lee Romney
SAN FRANCISCO - Sandwiched between rows of homes in the fog-kissed Mission Terrace neighborhood, Little City Gardens provides salad greens and fresh-cut flowers to local restaurants from what was once a weedy vacant lot. Like many of California's urban agriculture practitioners, however, Caitlyn Galloway is plagued by a key uncertainty: She is on a month-to-month lease with a landlord who must recoup the lot's steep property taxes and may soon...
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
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.
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
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
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.
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
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.
BUSINESS
March 21, 2014 | By Lauren Beale
Pink is taking another shot at selling a home she owns in Sherman Oaks, this time priced at $3.499 million. The three-time Grammy winner, who sang “Somewhere Over the Rainbow” at the Oscars this year, listed the gated property at $4 million three years ago or for lease at $8,500 a month. Recently it was leased out at $10,000 a month. The Spanish-style house, built in 1946, features hand-hewn double entry doors and a two-story foyer. The 4,435-square-foot home has four bedrooms and five bathrooms.
HEALTH
March 21, 2014 | By Jessica Ogilvie
Onstage at the Renée and Henry Segerstrom Concert Hall in Costa Mesa, an older couple assumes a ballroom dance position. A tango begins, and the man, wearing a porkpie hat and suit, leads. The woman, wearing a floral dress, follows gracefully. Judging by the ease and fluidity of their movements, one would never know that Nancy Dufault, 72, has Parkinson's disease. When she is dancing, moving in time with her husband, Bob, she experiences a brief respite from symptoms. "She asked me to write a tango," says Mike Garson, a classically trained pianist who played with David Bowie for nearly 40 years.
CALIFORNIA | LOCAL
March 15, 2014 | By David Zahniser
Nearly a decade ago, Enrique Ramirez welcomed the opening of a light-rail station in Little Tokyo, just a quick walk from his Mexican seafood restaurant. The Metro Gold Line station delivered a steady stream of customers to Senor Fish, especially on weekends. But now, with the region's rail system expanding again, the Metropolitan Transportation Authority is pushing him out. On Saturday, Senor Fish abandoned its location at the corner of 1st and Alameda streets. And later this year, Metro is set to demolish the property's two brick buildings, which are located across the street from the Japanese American National Museum and have played an important role in the cultural life of the neighborhood for decades.
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
March 14, 2014 | By Marc Lifsher
SACRAMENTO - Ride-sharing company Uber is upping the ante in its drive to persuade government regulators that the public is protected when its drivers are between fares. Uber announced Friday that it was closing a so-called insurance gap in its service. The company has been insuring its drivers when carrying Uber passengers. Now it says it is providing contingency insurance that covers property damage and injuries caused by an Uber driver even when he or she is between fares.
NATIONAL
March 10, 2014 | By David G. Savage
WASHINGTON - The Supreme Court dealt a setback Monday to the popular redevelopment trend of transforming abandoned railroad lines into public bike paths, ruling that buyers of such lands are not required to continue granting a federal right of way. Legal experts said the decision would make it harder to build bike or hiking trails in areas of the West where railroads were often built on former federal land. In some instances, local governments may be forced to pay compensation to owners whose land is now crossed by bike paths or other government-built trails and parks.
Los Angeles Times Articles
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