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BUSINESS
September 23, 2007
I was extremely disappointed by the slanted aspect of "Don't be afraid to sell home alone" (Your Money, Sept. 16). Buried deep in it was a nod to the competence of the full-service brokerage, which was hastily refuted as the writer pushed on to make the point that limited-service brokerages and online ad services are the best approach to selling in today's market.
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BUSINESS
April 3, 2014 | By Roger Vincent
Trader Joe's may be the favorite store of many Southern Californians, but it has earned the ire of some prominent downtown Los Angeles boosters who are royally miffed at the popular grocery chain. Summoning all the indignation one can gather while feasting on scrambled eggs and Danish pastry, members of the Downtown Breakfast Club on Thursday heaped scorn on Trader Joe's for its inexplicable absence from the neighborhood. β€œIt's rather baffling,” the club for real estate professionals said in a statement at its annual Roses and Lemon Awards program.
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BUSINESS
September 3, 1991
Commercial real estate brokerage Julien J. Studley Inc. has closed its Encino office and moved five of the office's seven brokers to its Westside location. The move was the latest in a series of measures by local real estate firms in response to the slow market. Seth Dudley, former manager of the Encino office, said the cost-cutting move was "typical of cutbacks in our industry." He said Studley would continue to cover the Valley office market from the Westside.
BUSINESS
March 14, 2014 | By E. Scott Reckard
A former Fannie Mae employee was convicted late Friday of soliciting kickbacks from a broker with promises to steer lucrative listings of foreclosed homes his way. The federal court jury in Santa Ana convicted Armando Granillo of three counts of fraud, rejecting his contention that he intended to cheat only the broker, not Fannie Mae, the nation's largest home-finance firm. At the end of a two-day trial, the jury took less than two hours to convict Granillo, who sat grimly as each of the jurors affirmed the guilty verdicts.
REAL ESTATE
November 22, 1987 | DAVID M. KINCHEN, Times Staff Writer
Real estate brokers are typically those sunny types who can always find a ray of sunshine in a heavy overcast, and the ones attending the 80th convention of the National Assn. of Realtors here last week were no exception. They even managed to find a positive fallout from Black Monday, the stock market crash of Oct. 19. Association President William M.
CALIFORNIA | LOCAL
February 18, 1989 | MARIA NEWMAN, Times Staff Writer
The body of real estate broker Arlene Chee of Seal Beach, missing for 2 days, was found in the trunk of her Mercedes with a single gunshot wound to the head, police said Friday. Chee, who with her husband owned Century 21 Fortune in Long Beach, was last seen Wednesday as she left her office for a noon appointment with another real estate agent, police and family members said.
CALIFORNIA | LOCAL
March 16, 1996 | JOHN DART, TIMES STAFF WRITER
Want to buy a nice little church or synagogue? How about a roomy church in Tarzana going for $3.1 million or a starter synagogue in West Hills for $1.5 million? A little more than you had in mind? Well, real estate agents for the Almighty, so to speak, have other listings. But brokers who spend all or part of their time handling houses of worship warn that it is not like buying a private residence. Few financial institutions make loans to churches.
CALIFORNIA | LOCAL
October 11, 1994 | JOHN M. GLIONNA, TIMES STAFF WRITER
Is it safe? Is it safe? These days in the San Fernando Valley, the question takes on more significance than as a line from the 1970s film "Marathon Man." The earthquake may be history, but the Valley's real estate market continues its wobble. As sellers struggle to secure insurance funds to repair damages and place their homes on the market, wary buyers are looking more closely at just what they might be getting for their money: Are homes here really safe? What damages might lie hidden within?
BUSINESS
November 10, 1989 | Michael Flagg Times staff writer
Lawrence M. Scher smiles when someone describes him as the bad boy of the local brokerage industry. But mention Scher's name to some managers of other commercial real estate brokerages and you may get a grimace. The reason: A competitor accused Scher's brokerage firm last year of raiding not only some of its best brokers but some of its best property listings as well. A $1-million lawsuit was recently settled by Scher's firm, Scher-Voit Commercial Brokerage Co.
BUSINESS
April 21, 1993 | Ted Johnson, Times correspondent
While the $500-million Main Street Concourse project would change Santa Ana's skyline, real estate brokers doubt that it will fly. The city gave its OK this week to the eagerly awaited project, which includes what would be the county's tallest office building.
BUSINESS
September 30, 2013 | By Roger Vincent
Advertising agency Team One will move its headquarters from El Segundo to a former U.S. Postal Service distribution center near Playa Vista that is already home to major tech and media companies including Sony and Microsoft. Team One will rent 64,000 square feet at the Reserve, a 20-acre campus that opened this year on Jefferson Boulevard. Its centerpiece is an expansive industrial building completed in 1971 that has been converted to office space catering to companies in creative businesses.
BUSINESS
June 13, 2013 | By E. Scott Reckard, Los Angeles Times
Fannie Mae has fired the executive who headed its Irvine office amid a federal investigation into alleged kickbacks from real estate brokers. One former employee of the home-finance giant has been indicted on charges of soliciting illegal payments from a broker, and another former worker has alleged that such conduct was common at the office. Federal investigators are trying to determine whether the alleged corruption extended to other employees, according to two people with knowledge of the probe.
BUSINESS
July 15, 2012 | By Roger Vincent, Los Angeles Times
The gig: Ed Rosenthal is a licensed real estate broker arranging sales and leases of commercial buildings. Most of Rosenthal's transactions fall in the historic district of downtown Los Angeles, which he says has a "human scale" that the new financial district lacks. Claim to fame: Rosenthal garnered international attention in 2010 when he got lost on what was to be a brief hike in Joshua Tree National Park. He survived for six grueling days in the desert before being rescued.
BUSINESS
May 6, 2012 | By Kenneth R. Harney
WASHINGTON β€” It may be the best-kept secret in residential real estate: For a couple of hundred dollars, a potential buyer bidding on an existing house can ask for a formal energy audit along with the standard inspection clause. That audit, in turn, can save the buyer thousands of dollars in future operating costs and pinpoint the specific features of the house that need correction to improve efficiency. It might also be a tipoff to a sobering reality: This house is an energy guzzler.
BUSINESS
March 4, 2012 | By Roger Vincent
Mariner's Mile Marine Center, a nautical landmark in Newport Beach, has been acquired by a local investor for $25 million, real estate brokers said. The property at 2429-2507 West Coast Highway holds five New England-style buildings that date to the 1960s. Mariners Mile holds offices and shops as well as a shipyard and large boat slips, said broker Mark Larson of Lee & Associates Investment Services Group. One of the boats docked there is the Wild Goose, a minesweeper-turned-yacht once owned by actor John Wayne and now operated by Hornblower Cruises.
BUSINESS
March 2, 2012 | Lauren Beale, Los Angeles Times
Here's another way the rich are different: They have more bathrooms. Real estate brokers who cater to the moneyed say their clients typically want homes that have at least two bathrooms for every bedroom. And with spacious tubs, floor lamps, dressing areas and seating, some bathrooms rival bedrooms in size. "The bathroom has become the dressing room," said Bob Ray Offenhauser, a Studio City-based residential architect who routinely encloses the shower and toilet in their own rooms within a room.
BUSINESS
January 17, 1992 | Susan Christian, Times staff writer
They worked longer hours. They accepted a greater number of small transactions. Senior brokers who had not placed a "cold call" in years returned to making 20 such solicitations a day. It all paid off in the end. In 1991, the Newport Beach office of Lee & Associates Commercial Real Estate Services chalked up its best year in its seven-year history, posting a 12% gain in gross income over 1990. And nowadays, as most anyone could tell you, that's practically a miracle.
BUSINESS
March 31, 2011 | By Roger Vincent and Scott Collins, Los Angeles Times
Financially strapped KCET-TV is in talks to sell its landmark Sunset Boulevard studio to the Church of Scientology, according to people who know about the pending deal. The Los Angeles television station, which is struggling to rebuild viewership after its recent split from PBS, plans to move its operations to a smaller location, real estate brokers said. Station officials have been touring potential sites, brokers said. Terms of the potential deal were unavailable, but the 4.5-acre property at 4401 W. Sunset Blvd.
BUSINESS
March 27, 2011 | By Roger Vincent, Los Angeles Times
Take a short walk away from the bright lights of Staples Center and the giant video screens above L.A. Live, and it becomes clear that the acclaimed revitalization of downtown Los Angeles is still a work in progress. Here, along South Olive Street near West 11th Street, you'll find a smattering of merchants, including old printing shops and mannequin stores, but also a lot of abandoned storefronts guarded by locked metal gates. This area is known as South Park, and apart from Staples Center and L.A. Live, it hasn't seen the kind of office development and loft conversions that have given other parts of downtown thriving commerce and a burgeoning nightlife.
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