June 3, 2000 |
This is the height of home-buying season, the best of times for sellers--or at least that's what Sue Epps thought. Epps put up her four-bedroom house in La Verne, with its new kitchen appliances and neatly tended petunias in the yard, expecting a stampede of buyers. But in two months, she's had only two offers, both shockingly low. Even after she ratcheted down her price twice, to $375,000, nobody is calling. Epps, 37, hasn't given up on the market, but she is getting frustrated.
May 30, 2000 |
Launching his first new office project in eight years, developer Rob Maguire plans to start construction next month on a four-story, 91,000-square-foot office building in downtown Santa Monica that he says will command some of the highest rents on the Westside. To be built on the site of the recently demolished Flamingo Hotel, the $15-million office building at 1733 Ocean Ave. will stand directly west of the proposed new headquarters for Rand Corp.
April 28, 2000 |
In a blow to redevelopment efforts in downtown Burbank, Regent Properties backed out of a $100-million deal Wednesday to build a sprawling office, hotel and retail project near the Media City Center mall. Jeff Dinkin, managing partner with Beverly Hills-based Regent, said the Burbank Plaza deal collapsed because Regent was unable to secure financing for a planned 300-room Marriott hotel. "Bottom line, we are withdrawing because we couldn't get it to pencil out," Dinkin said in a statement.
CALIFORNIA | LOCAL
April 9, 2000 |
Steeped in mystery, lore, tragedy and scandal, a remote, stone castle that for decades has been cut off almost entirely from public view is being dressed up to again receive visitors. Its 10-acre lake, which once sported the powerboats of the rich and infamous, is being dredged.
March 7, 2000 |
It used to be that all a landlord would require from a prospective tenant was a security deposit and first and last month's rent. Now, a small but growing number of Southern California commercial landlords are asking some tenants to cough up one more item: stock. The soaring values of high-technology shares and splashy Internet stock offerings find some Los Angeles building owners acting like Silicon Valley venture capitalists.
February 29, 2000 |
Los Angeles County and San Francisco led the nation in home-price appreciation last year, according to a survey being released today. Both areas saw home values jump by 13.7% over 1998, more than twice the average increase of 6.5% among 35 of the nation's biggest home markets, according to First American Real Estate Solutions, an Anaheim real estate research firm. But Los Angeles County still has not made up the ground lost early in the decade. Last year home values in L.A.
January 26, 2000 |
A group of Palmdale homeowners filed suit against Kaufman & Broad Home Corp. in Los Angeles County Superior Court this week, alleging that the Los Angeles-based home builder used cheap materials and allowed shoddy workmanship on their homes. About 40 homeowners in the 390-home California Marquis tract are plaintiffs in the lawsuit, said their attorney, Clayton Anderson.
CALIFORNIA | LOCAL
January 23, 2000 |
Buoyed by a strong economy, job growth and higher household incomes, the San Fernando Valley posted 16,794 sales of existing housing last year--a record for the decade--while prices continued to climb. The combined single-family home and condominium sales total in the Valley last year generated more than $4.1 billion in direct and indirect benefits for the local economy, according to a report released today by the Southland Regional Assn. of Realtors.
January 4, 2000 |
The Los Angeles chapter of the Institute of Real Estate Management will hold its sixth annual Real Estate Forecast Breakfast on Jan. 12 in downtown Los Angeles. Jack Kyser, chief economist of the Economic Development Corp. of Los Angeles County, will deliver his forecast for the Los Angeles area. In addition, a group of real estate brokers and executives will discuss the outlook for different sectors of the industry. Robert A.
CALIFORNIA | LOCAL
December 14, 1999 |
If December follows a path established earlier this year, San Fernando Valley housing values will end the year at their highest levels since 1992, topping even last year when the local market roared back from the recession-inspired doldrums. Figures released Monday on November home sales and values in the San Fernando Valley put the median price for a single-family home at $222,000, up nearly 14% over the November 1998 figure.