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Real Estate Industry Southern California

BUSINESS
November 30, 1999 | BOB HOWARD, SPECIAL TO THE TIMES
Fast-growing technology companies looking for big blocks of space to rent are rewriting the commercial real estate leasing rules in Southern California--literally. So-called dot-com companies are looking for office and industrial space in huge chunks, often several hundred thousand feet at a time, in one of the most sustained flurries of big leases in Southern California since the heady days of the late 1980s.
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BUSINESS
October 27, 1999 | Bloomberg News
Arden Realty Inc., one of the largest office property owners in Southern California, is close to signing an agreement with Eureka Broadband to sell telecommunications, Internet and related services to its tenants, company officials said. An announcement is expected to be made in the next couple of weeks, officials at the Los Angeles-based real estate investment trust told analysts and investors.
BUSINESS
October 20, 1999 | JULIE TAMAKI, TIMES STAFF WRITER
Southern California's housing market continued to make steady gains last month as economic growth once again combined with moderate interest rates to boost sales and prices. A total of 26,605 new and resale homes and condominiums sold in Southern California last month, up 6.1% from September 1998, according to Acxiom/DataQuick, a La Jolla-based real estate information service. Los Angeles County posted the strongest sales gain with an 8.
BUSINESS
October 6, 1999 | MARLA DICKERSON, TIMES STAFF WRITER
Martial arts master Jin Yong Kwon isn't knocked off balance easily. But even he was floored when he started shopping for a new space for his tae kwon do studio. Storefronts were so scarce in his Corona del Mar neighborhood that he resorted to knocking on doors for leads on possible vacancies. He's now paying 25% more per square foot for a studio half the size of his old one, where he lost his lease last summer.
BUSINESS
September 21, 1999
Real estate experts will review the outlook for Southern California's commercial real estate markets and the top leaders in the region's commercial real estate industry will be recognized Jan. 31 at "The UCLA Extension-Los Angeles Times 2000 Real Estate Forecast: The Future of Real Estate in the New Economy." The conference will be held at the Beverly Hilton Hotel and sponsored jointly by The Times and the Urban Land Institute's Los Angeles District Council.
BUSINESS
September 21, 1999
The Real Estate Conference Group's Annual Apartment Outlook on Sept. 29 will offer a forecast, overview and in-depth sessions on all facets of the Southern California apartment market. The event will feature more than 40 speakers on apartment financing and development, real estate technology, apartments in downtown Los Angeles and economics. Registration information is available by calling (310) 285-5327.
BUSINESS
September 18, 1999 | JULIE TAMAKI, TIMES STAFF WRITER
Despite rising interest rates, the housing market showed new signs of strength in August, as both Southland home sales and the nationwide construction of new homes and apartments continued to grow. A total of 27,736 new and resale homes and condos sold in Southern California last month, up 6.6% from August a year ago, according to Acxiom/DataQuick, a real estate information service.
BUSINESS
July 20, 1999 | SUE McALLISTER, TIMES STAFF WRITER
The Southern California housing market broke records in June, when the median price of a resale home climbed to a new high and more money than ever was spent buying such homes, a real estate information company said Monday. Led by rising prices in Los Angeles County, the median cost of an existing single-family home in the six-county region rose to $204,000 last month, according to figures released by Acxiom/DataQuick, a La Jolla-based company that tracks real estate transactions.
NEWS
July 10, 1999 | KAREN ROBINSON-JACOBS, TIMES STAFF WRITER
Flush with equity--and confidence--from rising real estate values, Southland property owners are fueling a new boom in home improvement and remodeling projects they did without for much of the 1990s. In the San Fernando Valley, post-World War II-era houses are getting everything from added sun rooms to high-tech kitchens. In Huntington Beach, modest 1,300-square-foot homes are becoming 2,300-square-foot showplaces. In Newport Beach, they're spending $70,000 on kitchen cabinets alone.
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