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BUSINESS
July 24, 2009 | Roger Vincent and Andrea Chang
In a move that could nearly double its Southern California footprint, the 7-Eleven convenience store chain is taking steps to lease up to 600 new locations in the region. The company hired commercial real estate broker CB Richard Ellis on Thursday to begin scouting locations for a planned seven-year expansion that would add to the 800 stores that 7-Eleven operates from San Luis Obispo County to the Mexico border. 7-Eleven, a Dallas unit of Tokyo-based Seven & I Holdings Co.
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NATIONAL
July 30, 2009 | Geraldine Baum
Despite carnage on Wall Street, vacant storefronts on Madison Avenue and pricey restaurants offering "grill menus" (read: cheap burgers), some things remain unchanged in the great metropolis. The price of the average Manhattan apartment is still hovering at more than $1 million.
BUSINESS
August 9, 2013 | By Roger Vincent
The gig: After a long career as one of the country's most influential real estate accountants, Stan Ross is teaching and mentoring college students as chairman of the USC Lusk Center for Real Estate. Humble beginnings : Ross was born in 1936 in the Bronx, where he grew up and enjoyed playing basketball on public courts. In high school he found part-time work in a belt factory, and the monotonous labor of cutting belts motivated him to further his education at the City College of New York business school.
ENTERTAINMENT
August 1, 2010 | By Sarah Weinman, Special to Los Angeles Times
Though I write for this West Coast newspaper, I live in New York City. That means, like a lot of dwellers of the five boroughs, I spend a disproportionate amount of time thinking about real estate, whether griping about too-high rents for tiny apartments or the erection of another steel-heavy skyscraper in my neighborhood. Walking underneath scaffolding, zigzagging through hastily constructed passageways and watching the work of those awe-inspiring cranes bring to mind other salient points about the making of buildings: construction delays, unfortunate accidents and financial mismanagement.
NEWS
January 6, 2012 | By Roger Vincent
U.S. commercial real estate values are drifting sideways after a two-year rally, analysts said. Prices for offices, warehouses, shopping centers and apartment buildings in major cities rebounded to within 10% of their record highs before leveling out six months ago, according to Green Street Advisors Inc. “I think people are used to values going up or down,” analyst Peter Rothemund said, adding that it's not abnormal for prices to...
BUSINESS
September 30, 2010 | By Lauren Beale, Los Angeles Times
The face. The hair. The voice. Why does that real estate agent seem so familiar? Because, in that only-in-L.A. kind of way, there's a good chance the agent is also an actor, reality show personality or has had some other brush with fame. The last decade's real estate bubble and bust spawned more than 20 reality cable television shows devoted to home buying, selling and flipping, so the odds are that some of those agents will end up at an open house near you. Broaden the spotlight to music and acting, and the recognition factor climbs even higher.
BUSINESS
April 1, 2012 | By Kenneth R. Harney
WASHINGTON — What's behind the unusually high rate of contract cancellations and settlement delays in the real estate market? With signs of recovery emerging in many parts of the country, shouldn't deals be zipping along with minimal complications? Apparently not. Nearly one-third of realty agents in a new national survey reported experiencing contract cancellations — purchases crumbling before closing — in February. That's up dramatically from a similar poll 12 months earlier, when just 9% of agents reported cancellations.
BUSINESS
August 17, 2012 | By Tiffany Hsu
Trulia Inc., which runs real estate website Trulia.com, filed for an initial public offering Friday that could help the San Francisco company raise up to $75 million. In its filing with the Securities and Exchange Commission, Trulia did not say how many shares it planned to sell or how they would be priced. The company, which noted in its filing that it could raise up to $75 million, said it plans to list under the ticker TRLA on the New York Stock Exchange. Trulia offers services on the Web and mobile applications aimed at prospective home buyers, sellers or renters as well as the real estate professionals trying to attract them as clients.
BUSINESS
February 14, 2013 | By Lauren Beale
“Beautiful,” “ocean views,” “mountain views” and “gated community” are among the most popular keywords used to advertise homes online to West Coast home buyers, a recent study shows. Nationwide, “beautiful” was the most frequent word in listings last year, according to a study of 300,000 listings conducted last year by Point2Homes, an online listing and property data portal. “Hardwood floors” took the No. 2 spot and “stainless-steel appliances” came in third.
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