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REAL ESTATE
February 16, 1992 | DAVID W. MYERS, TIMES STAFF WRITER
President Bush's plan to provide generous tax breaks to new home-buyers and other real-estate investors will sail through Congress and could be made even sweeter by federal legislators, many lobbyists and other experts say. But buyers who are looking for homes now--or those who expect to start house-hunting in spring, the prime-home-buying season--will need a combination of planning and good luck to reap all the benefits of the tax changes that Bush has proposed.
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CALIFORNIA | LOCAL
April 11, 2014 | By Catherine Saillant and Louis Sahagun
Faced with losing an ambitious $1-billion plan to revamp the Los Angeles River, Mayor Eric Garcetti on Friday raised the stakes by offering to split the cost with the U.S. Army Corps of Engineers. The corps, which manages the river as a flood control channel, last year recommended a $453-million package of parks, bike paths and other enhancements to make the river more inviting to Angelenos. It recently informed the mayor's office that it was sticking with that plan rather than pursuing the $1-billion version, known as Alternative 20, that Garcetti backs.
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BUSINESS
May 12, 1998 | From Bloomberg News
Colony Capital Inc. said it raised $1 billion for a new real estate investment fund, the latest in a string of funds formed in recent months to take advantage of a hot property market. Los Angeles-based Colony, one of the nation's largest private real estate investors, said the fund, called Colony Investors III LP, will invest in U.S. and international properties, and public and closely held companies. Investors in the new Colony fund include 40 of the largest U.S.
BUSINESS
January 8, 2014 | By Roger Vincent
A 1970s-era office building in the Westlake neighborhood near downtown Los Angeles that houses a branch of the L.A. Superior Court has sold for $50 million to prominent local real estate investor Jamison Services Inc. Jamison, one of the largest office landlords in Southern California, bought the building at 600 S. Commonwealth Ave. from a family trust managed by Comerica Bank. The 19-story building overlooking Lafayette Park in the Westlake neighborhood was completed in 1971 to house the Los Angeles offices of CNA Financial Corp., a Chicago insurance firm.
BUSINESS
February 18, 1993 | DAVID W. MYERS, TIMES STAFF WRITER
When President Clinton told an economic conference at the Biltmore Hotel in Los Angeles this week that he would like to change the tax treatment of "passive" real estate losses, he touched on an arcane subject dear to the heart of property investors and developers. Builders and real estate investors seem to have found a friend in the President, who has been calling for at least a partial restoration of the passive-loss deduction for more than a year.
BUSINESS
June 13, 1990 | NANCY YOSHIHARA, TIMES STAFF WRITER
European real estate investors and lenders consider Los Angeles and California as the most attractive city and state to invest in, according to a survey released Tuesday. The preference and optimism about Los Angeles and California expressed by European firms were comparable to similar assessments by Japanese firms, which Mead Ventures Inc. surveyed on the same questions six months ago.
REAL ESTATE
February 29, 2004 | Robert J. Bruss, Special to The Times
If you are thinking about investing in real estate, first read William H. Pivar's "Real Estate Investing From A to Z." It is not a get-rich-quick book but rather a get-rich-soundly read. As the title of this third edition indicates, the author includes virtually all the basics that real estate investors need to know. He begins by explaining the primary reasons for investing and why property is usually superior to such other investments as the stock market. He believes in using leverage (i.e.
REAL ESTATE
November 17, 1991 | CORRIE M. ANDERS, SAN FRANCISCO EXAMINER
Small investors generally don't have direct access to the Donald Trumps of the world or the expensive, high-powered strategists who know the ins and outs of real estate investing. But that doesn't mean they can't get good information from experts. There are a number of relatively inexpensive newsletters around the country that cater to small real estate investors.
BUSINESS
January 2, 2013 | David Pierson
The hottest properties in this frenetic city have no walls, windows or even front doors. Forget condos, apartments and homes. Real estate investors are scrambling for parking spaces. Single slots are now selling for more than some modest Southern California homes. Witness the $288,000 paid in November for a parking place in a luxury apartment complex on Hong Kong Island. Or the $166,000 tab for a spot in a suburban development called Festival City. A space attached to an exclusive cliffside town house community in the ocean-view neighborhood of Repulse Bay fetched $385,000 in March.
BUSINESS
August 8, 1991 | ROBERT A. ROSENBLATT and DWIGHT MORRIS, TIMES STAFF WRITERS
The federal agency handling the savings and loan cleanup announced Wednesday a special $500-million deal to sell a package of hotels and office buildings to a partnership of wealthy American and Canadian real estate investors and developers. The proposed sale is the first negotiated as part of an ambitious effort to stimulate sales of properties from failed S&Ls in a depressed real estate market. Under the program, the Resolution Trust Corp.
BUSINESS
January 2, 2013 | David Pierson
The hottest properties in this frenetic city have no walls, windows or even front doors. Forget condos, apartments and homes. Real estate investors are scrambling for parking spaces. Single slots are now selling for more than some modest Southern California homes. Witness the $288,000 paid in November for a parking place in a luxury apartment complex on Hong Kong Island. Or the $166,000 tab for a spot in a suburban development called Festival City. A space attached to an exclusive cliffside town house community in the ocean-view neighborhood of Repulse Bay fetched $385,000 in March.
BUSINESS
December 16, 2012 | By Kenneth R. Harney
WASHINGTON — Rehabbers and real estate investors rejoice: You'll still be able to sell houses to first-time buyers using low-down-payment FHA-insured mortgages next year, even if you've owned the fixed-up property for less than 90 days. The Federal Housing Administration has decided to extend its rule permitting loans on quick "flips" of renovated houses beyond the scheduled Dec. 31 expiration deadline. The policy is widely considered one of the key federal government moves that has encouraged private investors in large numbers — often mom-and-pop, small-scale operations — to buy foreclosed and deteriorating houses from lenders, then repair them and resell within short periods of time.
BUSINESS
November 19, 2012 | By Roger Vincent
The Psychic Temple, a long-abandoned Long Beach landmark that is one of the city's oldest commercial structures, will be converted to office space as redevelopment attracts new residents and businesses to downtown. Advertising agency InterTrend Communications will start making improvements this week on the brick building at 224 E. Broadway near Long Beach Boulevard. It is converting the top two floors that were formerly residential spaces into offices for the firm and preparing the ground floor and basement for retail tenants such as a restaurant.
BUSINESS
November 18, 2012 | By Roger Vincent
University Gateway, high-end private student housing across the street from USC, has sold for more than $200 million to a Wisconsin public employees pension fund. The eight-story complex at 3335 S. Figueroa St. was completed in 2010 by Los Angeles developer Urban Partners, which owned it with real estate investors RCG Longview and Blackstone Real Estate Advisors. Its appraised value prior to the sale was $89 million, according to real estate data provider CoStar. University Gateway has 421 units with 1,656 beds available for rent.
CALIFORNIA | LOCAL
June 18, 2012 | By Dan Weikel, Los Angeles Times
Federal agents have arrested three Southern California men in connection with a variety of schemes that caused more than $10 million in losses for homeowners, lenders and real estate investors who wanted to buy distressed property, authorities said. Arrested by the FBI and Secret Service were Atiqullah Nabizada, 29, of Coto de Caza; Kenneth Moore, 49, of Tustin; and Ahmed Tariq Asghari, 32, of Sherman Oaks. Nabizada and Moore were taken into custody Thursday at their homes; Asghari was arrested Friday morning in Miami Beach.
CALIFORNIA | LOCAL
February 12, 2012 | By Mike Reicher, Los Angeles Times
Newport Beach officials recently ordered a real estate investor to stop gutting the interior of an office building designed by celebrated Modernist architect Richard Neutra. It is the latest dispute concerning the Mariners Medical Arts building, a sleek 1963 complex at 1901 Westcliff Drive saved from demolition in 2009. Preservationist John Linnert, a Costa Mesa architect, noticed crews working on the upstairs interior in January and reported them to the city planning staff.
BUSINESS
July 10, 2011 | By Lew Sichelman
Who is going to lead the housing market out of the doldrums? Certainly it won't be move-up buyers. People who already own homes are not likely to be venturing forth to find another one until they can sell their current residences. And with all those foreclosures gumming up the works, it's tough to stand out in the crowd unless you're willing to give your place away. It probably won't be first-time buyers, either. Despite the most affordable prices and loan rates in ages, rookies have shown a marked propensity to remain on the sidelines.
BUSINESS
June 21, 2002
* Odetics Inc. has sold its headquarters complex in Anaheim to real estate investors 1515 South Manchester LLC in a sale-lease-back transaction valued at $22 million. * Meade Instruments Corp. said its fiscal first-quarter loss narrowed to $507,000, or 3 cents a share, from $798,000, or 5 cents, a year ago. Sales rose 25% to $20.1 million.
WORLD
February 5, 2012 | By Vincent Bevins
SAO JOSE DOS CAMPOS, BRAZIL -- Two children ran through the rubble, ducking under smoke pouring from a building that was still burning. Everywhere were signs that people had left in haste: toys, half-cooked meals, couches, ID cards, a fan photo of Justin Bieber. The wasteland was the aftermath of a surprise raid by 1,800 police in riot gear, launched late last month on Pinheirinho, where 8,000 squatters had been living illegally since 2004. After clashing with residents and sympathizers armed with clubs and iron bars, the officers bulldozed the community.
CALIFORNIA | LOCAL
November 2, 2011 | By Tony Perry, Los Angeles Times
The historic home in Coronado, Calif., at the center of a high-profile death case is being sold to real estate investors who plan to refurbish the 27-room, 12,750-square-foot mansion for resale, according to a source close to the previous owner. The sale price was not disclosed, but the home had been listed at $14.5 million. The Ocean Boulevard house, built for philanthropist and sugar baron John D. Spreckels in the early 1900s, was purchased two years ago by pharmaceutical executive Jonah Shacknai as a summer home.
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