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Real Estate Industry Los Angeles County

CALIFORNIA | LOCAL
January 23, 2000 | KARIMA A. HAYNES, TIMES STAFF WRITER
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.
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BUSINESS
January 4, 2000 | From A Times Staff Writer
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 | KAREN ROBINSON-JACOBS, TIMES STAFF WRITER
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.
BUSINESS
December 7, 1999 | BOB HOWARD, SPECIAL TO THE TIMES
Apartment dwellers will pay higher rents and the buildings they live in will continue to appreciate next year in Los Angeles and Orange counties, according to a new forecast. Compared with this year, rents will rise an average of 6% in Los Angeles County to $843 and an average of 7.1% in Orange County to $1,060, according to a study by Palo Alto-based real estate brokerage Marcus & Millichap. Sale prices will rise 7% to an average of $61,000 per unit in Los Angeles County, and 7.
BUSINESS
November 30, 1999 | JESUS SANCHEZ, TIMES STAFF WRITER
The office market in Los Angeles and Orange counties continued to see vacancy rates drop during the third quarter, but tenants remained highly sensitive to rising rents. The overall vacancy rate at the end of the July-September period slipped to 11.5%, from 11.8% at the end of the previous quarter, according to Delta Associates, the research arm of Transwestern Commercial Services. Rents in the area continued to rise 4% to 5% on an annualized basis.
BUSINESS
November 30, 1999 | BRAD BERTON, SPECIAL TO THE TIMES
Industrial real estate investment and sales activity in the Los Angeles Basin reflects the sustained growth of the region's economy, according to a report from the American Industrial Real Estate Assn. Veteran industrial real estate professionals said the latest data--combined with the most recent sales prices and rental rates--demonstrate a shortage of modern warehouse facilities.
BUSINESS
November 2, 1999 | MORRIS NEWMAN, SPECIAL TO THE TIMES
The opening of two new oceanfront hotels, together with the purchase of the former Miramar Sheraton last month, has turned the warm sands of the Santa Monica beachfront into a very hot market for luxury hotels. With no more hotel construction allowed along the city's coastal area, room rates and occupancy levels are both likely to remain high.
BUSINESS
October 16, 1999 | DARYL STRICKLAND, TIMES STAFF WRITER
The average monthly rent for an apartment in Los Angeles County pushed above $1,000 in the third quarter for the first time ever, rising 7.8% from a year ago to a record $1,012, according to a study released Friday.
CALIFORNIA | LOCAL
October 12, 1999 | KAREN ROBINSON-JACOBS, TIMES STAFF WRITER
Continued strong housing demand, limited supply and the popularity of high-priced digs helped ratchet up September single-family home prices in the San Fernando Valley to their highest levels in seven years, figures released Monday show. Last month, the median price of a single-family home in the Valley was $225,000, a gain of 18.5% over the September 1998 figure of $189,900. It was the highest median price in any month since April 1992, when the median was $227,000.
CALIFORNIA | LOCAL
October 7, 1999 | ANNETTE KONDO, TIMES STAFF WRITER
Gazing at the chaparral valley and rugged mountainside, Chumash Charlie Cooke said Mother Earth and Father Sky would be happy to see what has happened in this place of quiet beauty. Turning first to the east, where the day begins, he placed a conch to his lips to bless the land with the shell's plaintive, foghorn-like tones. The sweet perfume of burning white sage wafted from an abalone shell in the direction of the morning sun.
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