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BUSINESS
December 11, 2001
Commercial real estate leaders will discuss the outlook for the industry at Real Estate 2002, the annual forecast presented by the Real Estate Conference Group, on Jan. 16 at the Century Plaza Hotel in Century City. Keynote speakers will be Sam Zell, chairman of Equity Group Investments, and Robert T. Parry, president and chief executive of the Federal Reserve Bank of San Francisco.
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CALIFORNIA | LOCAL
November 17, 2012 | By David Zahniser, Los Angeles Times
One of the largest public employee unions at Los Angeles City Hall handed a potentially costly setback to a plan for a new half-cent sales tax, announcing Friday that its political advisory board opposes the measure. Service Employees International Union Local 721's political education committee recommended unanimously Thursday night that the group take a position against the tax, which is backed by City Council President Herb Wesson for the March 5 ballot. The council's final vote on that tax is slated for next week.
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CALIFORNIA | LOCAL
January 8, 2009 | Roger Vincent
Harold "Hal" A. Ellis Jr., a founder of real estate services firm Grubb & Ellis Co. and one of the best known figures in U.S. real estate, died Monday of metastatic melanoma at his home in Piedmont, Calif. He was 77. Ellis built a small Oakland brokerage into a powerhouse whose circular yellow and black signs dot thousands of stores, offices, factories and other commercial properties for sale or lease across the country.
BUSINESS
July 8, 2010 | By Roger Vincent, Los Angeles Times
Suspense over whether the Gas Co. Tower in downtown Los Angeles will remain the headquarters of Southern California Gas Co. is over: The big utility is staying put in its signature tower for the next 15 years. Real estate industry analysts had been watching to see whether the gas company would bail out on troubled landlord MPG Office Trust Inc., formerly Maguire Properties Inc., and move its offices elsewhere. Southern California Gas said Wednesday that it would keep its more than 1,300 employees in 350,000 square feet in the building at 555 W. Fifth St., where it has been the anchor tenant since the tower was completed in 1991.
NEWS
August 20, 1986 | TOM FURLONG, Times Staff Writer
The tax reform bill has the real estate development industry obsessed. "We think about it just about every waking hour," said Stephen Jarchow, vice president of Lincoln Property Co. of Dallas, one of the nation's largest apartment builders. Although the bill is not yet law, its impact is already evident in real estate investment circles. At its heart is the proposal to raise billions for the U.S. Treasury by reining in tax shelters that invest heavily in income-producing property.
BUSINESS
October 13, 1993 | John O'Dell Times staff writer
William Lyon was lauded Monday night for his years of leadership in the home-building industry and for his years of active and often unsung philanthropy in and around Orange County. The builder made headlines last week when he angered some guests at a South Coast Repertory fund-raiser with a politically incorrect quip about Hillary Rodham Clinton. But there were no protests or complaints at Monday's event, sponsored by the Building Industry Assn. of Orange County.
BUSINESS
March 27, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
In a sign of renewed interest in inner city investment, an estimated 500 people attended a recent one-day workshop on the opportunities and pitfalls of real estate development in urban Los Angeles. The larger-than-expected turnout at the Urban Marketplace, which was organized by the Los Angeles chapter of the Urban Land Institute, reflected a shift in the real estate industry's perception of inner city neighborhoods, according to several participants.
BUSINESS
June 8, 1988 | Michael Flagg and John O'Dell, Times staff writers
Local developers are constructing a lot of warehouses and distribution buildings in Orange County--1.5 million square feet in the first quarter--as demand for such structures continues strong. Grubb & Ellis Co. said it counted 3.5 million square feet of industrial space that was sold or leased during the first three months of the year. While impressive, that was below last year's 4.4 million square feet. But not enough buildings are being constructed to keep up with demand, the brokerage said.
BUSINESS
November 21, 1985 | TOM REDBURN and KAREN TUMULTY, Times Staff Writers
Earlier this week, when a House Ways and Means Committee working group decided to keep deductions for second homes and maintain certain crucial preferences for real estate tax shelters, Rep. Fortney H. (Pete) Stark Jr. (D-Oakland), the head of the task force, complained bitterly that "I was just outgunned by a real estate lobby that knows no limits to its greed."
BUSINESS
December 27, 1991 | Susan Christian, Times staff writer
Behind every good building are a few good trees that gave their lives for it. Earlier this month, the Orange County Building Industry Assn. tipped its hat to the sacrificial limbs by helping to plant more than 80 trees throughout Mile Square Park in Fountain Valley. It was a grass-roots--rather, tree-roots--effort by a number of local organizations.
BUSINESS
December 17, 2009 | By Alejandro Lazo
Home builders broke ground on new residences at a faster clip in November than in October, a positive sign for the housing market and the residential real estate industry. Housing starts rose 8.9% from the prior month to a seasonally adjusted annual rate of 574,000 units, the Commerce Department reported Wednesday. However, that figure represented a 12.4% decline from November 2008. The jump can be attributed in part to a shift in weather patterns, Patrick Newport, U.S. economist for Global Insight, said in a note to clients.
CALIFORNIA | LOCAL
January 8, 2009 | Roger Vincent
Harold "Hal" A. Ellis Jr., a founder of real estate services firm Grubb & Ellis Co. and one of the best known figures in U.S. real estate, died Monday of metastatic melanoma at his home in Piedmont, Calif. He was 77. Ellis built a small Oakland brokerage into a powerhouse whose circular yellow and black signs dot thousands of stores, offices, factories and other commercial properties for sale or lease across the country.
BUSINESS
June 1, 2006 | Marc Lifsher and Annette Haddad, Times Staff Writers
Phil Angelides is strolling along a grassy promenade inside Laguna West, offering his defense of the housing community he developed as a pedestrian-friendly antidote to suburban sprawl. Critics contend that the 1,000-acre project south of Sacramento has achieved just the opposite -- a view its creator is trying to dispel with a tour of bike paths and greenbelts. As if on cue, two joggers whiz past. "I paid them" to run by, Angelides jokes.
BUSINESS
October 7, 2004 | Annette Haddad, Times Staff Writer
The state's housing market is expected to see another year of double-digit gains in price appreciation in 2005, but the pace of growth will be more sluggish than in the previous three years, a real estate industry group said Wednesday. Even with slower appreciation, the median price of a resold single-family home in the state is projected to rise 15% to $522,930 next year, making it the fourth consecutive year of increases of 10% or more, according to the California Assn. of Realtors.
BUSINESS
September 5, 2002 | JESUS SANCHEZ, TIMES STAFF WRITER
The owners of the Glendale Galleria have put the giant shopping mall up for sale, and industry observers say strong demand for such properties should prompt a long line of bidders. The mall is expected to sell for more than $400 million. Institutional investors and some of the nation's largest mall operators, including Santa Monica-based Macerich Co. and Westfield America Inc.
BUSINESS
December 11, 2001
Commercial real estate leaders will discuss the outlook for the industry at Real Estate 2002, the annual forecast presented by the Real Estate Conference Group, on Jan. 16 at the Century Plaza Hotel in Century City. Keynote speakers will be Sam Zell, chairman of Equity Group Investments, and Robert T. Parry, president and chief executive of the Federal Reserve Bank of San Francisco.
NEWS
May 24, 1992 | DAN WEIKEL, TIMES STAFF WRITER
The sag in the once-robust real estate market has finally come to this. Not one office building was started in Orange County during the first four months of 1992, real estate analysts say. Six years ago, at the peak of the office construction boom, complexes worth a record $510 million were in the pipeline. In basic economic terms, supply now far exceeds demand.
BUSINESS
March 24, 1993 | JOHN O'DELL, TIMES STAFF WRITER
Woodcrest Development Inc., one of Southern California's largest home builders in recent years, is shutting down almost all of its operations at the end of the month. The company, which launched a restructuring 13 months ago, is the latest--and largest--victim of the real estate slump that has devastated an industry that long has been a keystone of the area's economy.
BUSINESS
March 27, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
In a sign of renewed interest in inner city investment, an estimated 500 people attended a recent one-day workshop on the opportunities and pitfalls of real estate development in urban Los Angeles. The larger-than-expected turnout at the Urban Marketplace, which was organized by the Los Angeles chapter of the Urban Land Institute, reflected a shift in the real estate industry's perception of inner city neighborhoods, according to several participants.
CALIFORNIA | LOCAL
August 24, 1996 | NICHOLAS RICCARDI, TIMES STAFF WRITER
Balking at what some said would be a burden on homeowners, a divided Los Angeles City Council returned a proposal to committee Friday that would require home buyers to install valves that would seal off gas lines during an earthquake. Advocates said the law would reduce the risk of fires after quakes, but they were unable to muster sufficient votes in the face of opposition from the real estate industry and concerns that the proposal was too narrow.
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