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CALIFORNIA | LOCAL
September 19, 1991 | LESLIE EARNEST
A plan that would have restricted home sellers to only one sign to direct potential buyers to an open house appears to have crumbled after a lively crowd of about 40 realtors turned out to protest the ordinance at the City Council meeting Tuesday. The restriction, which would have permitted one for-sale sign on properties up for sale and a single open-house directional sign elsewhere, was endorsed by the Laguna Beach Beautification Council and recommended for approval by city staff.
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CALIFORNIA | LOCAL
July 10, 1985 | DANIEL AKST, Times Staff Writer
A Westlake Village company founded by real estate author Albert J. Lowry to sell advice on how to make money now has $2.5 million in debts, few assets and the prospect of bankruptcy staring it in the face, company officials acknowledge. Success Development Institute Inc., which sells tapes and arranges seminars on how to profit from real estate, told its creditors in a letter dated July 1 that it has cash and property worth just $45,500.
CALIFORNIA | LOCAL
June 17, 1988 | CHARLES WOLF JR., Charles Wolf Jr. is the director of RAND Corp. research on international economic policy and dean of RAND's Graduate School
On the premise that Japanese investors are generally shrewd, their enormous holdings of prime commercial property in Los Angeles should be viewed by Angelenos as encouraging and reassuring. Commercial property is a long-term--as well as a relatively illiquid--asset, so investors who acquire and hold it evidently expect the local economy's future to be bright.
MAGAZINE
May 4, 2003 | Marc Porter Zasada, Marc Porter Zasada is a writer and marketing consultant in Los Angeles.
Like most Angelenos I know, you probably wonder where you'd go if you couldn't take it anymore. It would have to be cheap, of course: An old adobe up a winding road outside of Taos. A cabin in a Humboldt County rain forest. A farmhouse in Pennsylvania with a barn out back. There's that town where you rented a house on the beach one time, what was it called?
OPINION
October 9, 2010 | Patt Morrison
Maybe the name "Sonny" gives you a clue. It's the nickname Hassan Astani chose from a favored singer, Sonny Bono, a scrappy underdog if ever there was one. Astani's dream downtown condo project, Concerto, has gone dissonant. The bank backing the project failed, the FDIC stepped in and the hedge fund Starwood Capital Group won the bidding on the bank's portfolio, including Astani's nearly finished $260-million project. Starwood now shares ownership with the feds, and Astani wants control of his project back.
ENTERTAINMENT
January 15, 1993 | ZAN DUBIN, TIMES STAFF WRITER
After making headlines with her multimillion-dollar art-buying spree last year, real-estate heiress Joan Irvine Smith on Wednesday gave a preview of the Irvine Museum she has established to exhibit the bucolic California Impressionist paintings that remind her of the undeveloped Orange County of her youth. "I can see (in the paintings) a California as we will never see it again--California as it was when I was a child," Smith said.
MAGAZINE
January 31, 1988 | NINA J. EASTON, Nina J. Easton is a Los Angeles business writer
HANDS SLICING THE air with the intensity of propeller blades, Mike Glickman can barely contain himself. He is pacing, twirling, pacing again among rows and rows and rows of desks, each grounded by identical white phones and pink bouquets. "If you think like a millionaire, you become a millionaire," he says confidently. "No matter what happens, make it work for you. . . . Before you go to bed at night, write down something you want to accomplish the next day, or a goal you want to reach. . . .
CALIFORNIA | LOCAL
February 4, 1991 | CAROL WATSON, TIMES STAFF WRITER
A decision is expected in the next few weeks on whether to indict a Thousand Oaks real-estate financier in what officials call the biggest fraud scheme in Ventura County history, a law enforcement source has told The Times. The Ventura County grand jury has begun hearing testimony on the business affairs of Olen B. Phillips and is expected to decide whether to hand down an indictment as soon as deliberations are completed, the source said.
NEWS
September 6, 1998 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
One of Wall Street's oldest maxims is simply, "Don't fight the tape." It means that, when a massive wave of emotion--be it panic or euphoria--hits the stock market, there's no use going against the trend, because it is certain to sweep up everything in its path. Amid the worst U.S.
CALIFORNIA | LOCAL
September 15, 1998 | DARRELL SATZMAN, SPECIAL TO THE TIMES
A principal in one of the San Fernando Valley's largest real estate Ponzi schemes on record was sentenced Monday to four years in prison for defrauding investors out of nearly $37 million, the district attorney's office said. Stanley Glickman, 59, who faced up to 10 years in prison for his role in the scheme, was also ordered to pay $36,957,800 restitution to his victims. From 1970 to 1991, Glickman and his father-in-law, Elliot Fine, ran Property Mortgage Co. in Sherman Oaks.
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