July 22, 2012 |
Light-rail passenger service returned to Culver City last month after a nearly 60-year break, speeding the evolution of the formerly insulated bedroom community into an urban hub of business and revelry. Hundreds of millions of dollars' worth of real estate development are in the pipeline, including a project linked to the new Expo Line that would contain apartments, stores and a hotel. Restaurant operators have been so keen on opening in the gentrifying downtown that rents for retail space didn't decline during the economic downturn as they did in most markets.
CALIFORNIA | LOCAL
March 15, 2012 |
Paralyzed by a spinal cord injury in 1986, real estate developer Rogers Severson sought out a leading rehabilitation facility after doctors told the former college athlete he'd never walk again. Six months later, he walked out of Casa Colina Center for Rehabilitation in Pomona with the aid of a cane and the realization that he possessed what most patients there did not: excellent insurance and the personal means to pay for top-flight care. He vowed to help change that. Almost a year to the day after he was thrown from a mule, breaking two vertebrae, Severson stood before those gathered at a fundraising luncheon to benefit the charity he'd founded, the Spinal Cord Injury Special Fund.
January 19, 2012 |
California commercial real estate developers and their bankers are growing optimistic about their industry's prospects, a report said. Although the national economy has given mixed signals in the last six months, California's markets for office and industrial space have made progress, albeit uneven, according to the semiannual Allen Matkins UCLA Anderson Forecast. "The progress, such as it is, has been driven by the steady employment gains in coastal California," the report said.
CALIFORNIA | LOCAL
December 12, 2011 |
Donald M. Koll, a real estate developer who pioneered high-rise office building in Orange County and among other projects helped turn Los Cabos, Mexico, into a premier resort destination, has died. He was 78. Koll died Tuesday at Ronald Reagan UCLA Medical Center of complications of a heart attack suffered Dec 2. He had been in ill health since having a stroke six years ago. Real estate and construction have been in the Koll family for generations. In 1889, Koll's grandfather August founded A.J. Koll, a lumber business in Los Angeles.
November 22, 2011 |
Former Dodgers manager Joe Torre has discussed teaming with one of Los Angeles' most prominent real estate developers in pursuing the team. Rick Caruso, whose signature project is the Grove but who has not run a sports franchise, could strengthen a potential bid by aligning with Torre. The discussions between Caruso and Torre were first reported Tuesday by the New York Times and subsequently confirmed by the Los Angeles Times. Charles Sipkins, a spokesman for Caruso, declined to comment.
September 16, 2011
Two liberal groups have asked the Judicial Conference of the United States to investigate whether Supreme Court Justice Clarence Thomas has violated the federal Ethics in Government Act. The prospect of such an investigation is remote, but the conduct cited by Common Cause and the Alliance for Justice is troubling. The groups have asked the Judicial Conference to consider two possibilities: that Thomas knowingly withheld information about his wife's income from financial disclosure forms, and that he misrepresented the amount of free air travel he received from a wealthy friend.