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Real Estate Market

Los Angeles County's real estate market continues to climb out of the depths of the recession of the early 1990s, but the region's more affluent neighborhoods have made markedly greater gains than other areas, according to property tax data to be released today. Overall, the county's real estate assessments increased by $30 billion, or 6%, last year, a boost that shuts the door on years of decline in property values that led to government crises and financial hardship for homeowners.
April 5, 2014 | Tim Logan
The real estate market has long worked on a simple system: If you want to buy a new house, sell the old one and use the equity for a down payment. But the last few years of low ownership costs and rising rents have some move-up buyers trying a new approach: Buy the new house. Keep the old one. And rent it out. Real estate firm Redfin recently asked 1,900 prospective home buyers nationwide what they planned to do with their old house when they bought a new one. As you'd expect, the majority said they would sell.
October 1, 2010 | By Roger Vincent, Los Angeles Times
Southern California real estate investor John Long has jumped back into the residential market by taking over a foreclosed portfolio of affordable apartments valued at $3.4 billion. Long, a well-known contrarian investor, has entered a partnership with a division of Citigroup Inc. and affordable housing specialist Michael Costa to own and operate the 275 complexes with 80,000 residents in 34 states. Their new company is called Highridge Costa Housing Partners. Nearly half of their complexes in the formerly troubled portfolio are in California.
March 19, 2014 | By Tim Logan
As the busy spring real estate season gets into gear, sellers appear to have the upper hand across much of Southern California. That's the word from Zillow, the real estate data website that tracks housing markets nationwide. It released a report on the top 10 buyer's and seller's markets in the U.S. Wednesday morning, and Los Angeles made the list as the fourth-strongest market for sellers right now. Riverside ranked sixth. A strong seller's market, says Zillow, doesn't necessarily mean its prices are soaring - and indeed median prices have been flat here in recent months - but rather quick sales, few price cuts, and homes selling at or above asking price.
October 11, 2003 | From Staff and Wire Reports
A small drop in the city's office vacancy rate in the third quarter of 2003 means the San Francisco commercial real estate market is finally recovering, an economist said. UC Berkeley economist Ken Rosen, who in 2001 predicted the dot-com crash and the resulting commercial real estate collapse, said Thursday that San Francisco's commercial real estate scene is improving. "Companies are finally making the decision to lease," Rosen said.
May 15, 1988
The Los Angeles real estate market continues strong despite moderate overbuilding. This is the conclusion of a study published by the New York-based Valuation Network and prepared by Charles R. Wilson & Associates Inc., Pasadena, and the Epstein Co., Van Nuys. Supply exceeds demand in the office market, the report says, but the extent of overbuilding varies among the submarkets. Vacancies range from 5% in Century City to more than 30% near Los Angeles International Airport.
September 18, 2001
Real estate industry leaders will discuss the state of the market and the outlook for its future during a panel Thursday at the 2001 Fall Forum of the SoCal Chapter of National Assn. of Industrial and Office Properties at the Peninsula Hotel in Beverly Hills. The panel will be moderated by Stan Ross, chairman of the USC Lusk Center for Real Estate, and will include speakers from Equity Office Properties Trust, the Irvine Co.'s Investment Properties Group, AMB Corp.
November 14, 1996
In the coming year, the city of Long Beach will experience steady but modest growth, economist Joseph Magaddino predicts. But if you're thinking about buying a house, do it because you want to nest, not because you hope to make scads of money. Magaddino, chairman of the Economics Department at Cal State Long Beach, and economist Lisa Grobar will deliver an economic outlook for the city, the region, the state and the nation during a meeting today sponsored by the Executive Assn.
Bert and Lynda Duzy always dreamed of owning their own home. And now, thanks to the depressed real estate market, they do. "Before, there were high interest rates and high prices," said Bert Duzy, 38, sitting in the living room of the Simi Valley home the couple purchased for $157,000 in August. "But I watched the classifieds, the business news, the real estate sections, you know. And then everything else fell together and the interest rates fell down to 6%."
The first fallout from Wednesday's vote in favor of a commercial airport has begun for some residents of South County. That home they were trying to sell in the vicinity of El Toro Marine Corps Air Station likely will not fetch the same price. In fact, it might be awfully hard to lure many prospective buyers into their neighborhoods for awhile, according to real estate agents at a half-dozen South County agencies.
February 5, 2014 | By Roger Vincent
CBRE Group Inc., the world's largest commercial real estate brokerage, reported an 11% jump in revenue during the fourth quarter, led in part by thriving property markets in Europe, the Middle East and Africa. Profit was down from the same period in 2012, however, as the Los Angeles company wrote down $106.6 million primarily on the decreased value of its investment pools in Europe Southern California's housing recovery Fourth-quarter net income was $114.6 million, or 34 cents a share, down from $173 million, or 53 cents, a year earlier.
February 1, 2014 | By Lauren Beale
"Twilight" film series vampire Robert Pattinson found a warm body to pay $6.375 million for his Los Feliz home. Jim Parsons of "The Big Bang Theory" is the new owner. The 1922 Spanish Colonial-style house has a formal entry, a library/study, a den, three bedrooms, 3.5 bathrooms and 4,026 square feet of space in two stories. Antiqued tile and stone, hand-carved wood and stenciled ceilings maintain a vintage vibe. The 1.5-acre sloping lot, enclosed by walls, features a lagoon-style swimming pool, waterfalls and fountains.
December 4, 2013 | By Roger Vincent
Fred Sands, whose name once was posted on for-sale signs on houses all over Los Angeles' affluent Westside, quit selling homes more than a decade ago. But he has quietly built another real estate empire. The striving son of a New York cabby and small-business man, Sands built the largest independent residential real estate brokerage in California with 65 offices and 4,000 employees. Fred Sands Realtors and affiliated companies generated $9.4 billion a year in sales when he sold it in late 2000.
July 21, 2013 | By Cale Ottens
Sinking money into real estate investment trusts is considered to be one of Wall Street's most complex investments. Owning shares of REITs gives investors an opportunity to get investment exposure to real estate, including apartments, shopping centers and office buildings. But they've gained a reputation of being risky and confusing - especially after the industry was pummeled during the last real estate crash. Even Lloyd McAdams, chief executive of Anworth Mortgage Asset Corp., makes no bones about saying his Santa Monica REIT does carry some risk.
July 12, 2013 | By Alejandro Lazo
With its tidy model homes, gleaming new clubhouses and rows of fresh wooden frames, the "village" of Sendero in south Orange County offers a pristine view of the new building boom. The development - which will total about a thousand new homes on 690 acres when finished - shows the degree to which big builders are confident that real estate has stabilized. Sendero is the first leg of a project that has been long in the works, called Rancho Mission Viejo. Developers expect 14,000 homes will go up in this massive, master-planned community over the next two decades.
July 10, 2013 | By Cale Ottens
Commercial real estate industry leaders remain optimistic about the California market, according to a new report published Wednesday.  Allen Matkins, a California law firm, and UCLA Anderson Forecast publish the report twice a year to help predict future commercial real estate rental and vacancy rates.  The organizations polled a panel of California real estate professionals in the development and investment sectors of the industry to...
July 26, 1993 | AMY WALLACE
It's been 60 years since actress Carole Lombard rented a two-story French provincial house in the 7900 block of Hollywood Boulevard, threw wild parties and fell in love with Clark Gable. It's been 51 years since the vivacious blonde comedienne--by that point a resident of Encino--died in a fiery airplane crash near Las Vegas. But when it comes to selling real estate--especially Los Angeles real estate--no span of time is lengthy enough to dissociate a house from a celebrity occupant.
Some areas of Los Angeles County are girding for a real estate glut in the wake of Raytheon Co.'s proposed purchase of Hughes Electronics Corp.'s defense units, but Orange County's commercial real estate market shouldn't see any fallout, real estate analysts say. Hughes already has slashed its Orange County operations, and its largest local property, the 350-acre campus in Fullerton, is for sale.
June 8, 2013 | By Henry Chu, Los Angeles Times
WEESP, Netherlands - The Dutch dream isn't that different from the American one. Nor is the nightmare that many people have woken up to. Hundreds of thousands of residents rushed to buy homes in the Netherlands as property values rocketed in the 1990s and 2000s. Encouraged by American-style tax breaks and by banks eager to shower money on them, borrowers took out huge mortgages, sometimes larger than the value of their homes. The global financial meltdown killed the flow of cheap credit.
June 5, 2013 | By Lauren Beale
ATLANTA -- The Internet, global growth and climate change are among the top issues facing the commercial and residential real estate markets over the next decade. Addressing a gathering of real estate journalists downtown, kickoff speaker Howard Gelbtuch, chair of the Counselors of Real Estate, sees some bright spots for retail space despite the growth in online marketplaces. "The Internet may be killing retail in some places but not New York City, which has some of the highest retails rates in the world right now," Gelbtuch said.
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