March 1, 2014 |
Perched on a hillside overlooking the Pacific, this restored country French-style house in the Malaga Cove area was designed for family life and elegant entertaining. The architect, Beverly Hills-based Gerard Colcord, was known for creating well-proportioned classic homes. Location: 772 Via del Monte, Palos Verdes Estates 90274 Asking price: $3.285 million Year built: 1974 House size: Three bedrooms, four bathrooms, 3,712 square feet Lot size: 17,227 square feet Features: High-ceiling entry, French doors, coved living room ceiling, three fireplaces, new kitchen, breakfast room, formal dining room, beamed-ceiling family room with wet bar, main-floor master suite with bay window and two bathrooms, patios, fountains, three-car garage About the area: Last year, 348 single-family homes sold in the 90274 ZIP Code at a median price of $1.424 million, according to DataQuick.
February 27, 2014 |
It's been generations since a high-rise building had its debut on Broadway in downtown Los Angeles, but the skyline is finally in for a dramatic change. A local developer hopes to transform a homely corner of the city's famed commercial corridor early next year by leveling a drab one-story retail center at 4th Street and Broadway. In its place would be a 34-story apartment skyscraper more than twice as tall as most other buildings in the historic core of downtown L.A. To be built at a cost of nearly $150 million, the apartment and retail complex called Broadway @ 4th would house 450 units and fill in a key block in gentrifying downtown L.A., developer Izek Shomof said.
February 26, 2014 |
Renowned big-screen cinema purveyor Imax Corp. is set to break ground Thursday on a new West Coast headquarters that will house two large screening rooms, offices and production facilities for moviemakers. The $45-million complex is being built in the commercial district of Playa Vista, a planned community south of Marina del Rey. Imax's property will rise at the corner of Westlawn Avenue and Millennium Drive, next to the massive hangar where aerospace mogul Howard Hughes built his infamous wooden transport plane known as the Spruce Goose.
February 25, 2014 |
Home prices nationally posted their best year since 2005, but signs are growing that the housing rebound has stalled. Prices in the 20 largest metro areas have dropped slightly for two months in a row, according to the S&P/Case-Shiller index, a leading national home price gauge. Demand is waning because of higher prices and mortgage rates, and home buyers have only modest expectations for price appreciation, said Robert J. Shiller, a Yale economist and co-creator of the index.
CALIFORNIA | LOCAL
February 24, 2014 |
Santa Ana's longtime mayor is under investigation for his relationship with an auto parts business owner, to whom the mayor sold a piece of downtown property and then voted in favor of giving the auto parts store an exclusive city contract. As part of his real estate transaction, Mayor Miguel Pulido also purchased a Westminster home from the auto parts business owner for about $230,000 below fair market value, according to property records. Pulido later sold the home for a $197,000 profit.
February 23, 2014 |
Question: All owners in my association received a letter from the board's vice president along with photos showing everything that's wrong in our building. Some things that were listed as "wrong" have been dormant for dozens of years, and still this high-rise has not fallen down and his issues do not pose a liability. Some things have been deliberately tampered with by the vice president so he could say that they are "wrong. " Now that he has sent this list to all owners, what are the ramifications if we want to sell our units?