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REAL ESTATE
October 18, 1998 | ELLEN JAMES MARTIN, SPECIAL TO THE TIMES
Exasperated. That's how many marriage partners feel when they can't agree on a home purchase. Spend a little time with couples involved in house-hunting and you'll often hear the clinking of swords as husband and wife fence over the issue, realty specialists say. "We're not marriage counselors, but it sometimes feels like we are," said Dorcas Helfant, past president of the National Assn. of Realtors.
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BUSINESS
December 12, 2013 | By Roger Vincent
Historic Old Pasadena, a restored section of the city's downtown bustling with shops and restaurants, is getting more high-tech. Three older buildings at a busy intersection on Raymond Avenue will be transformed into a hub for budding technology firms in a real estate development backed by a prominent Silicon Valley entrepreneur and investor. David Sacks, who was instrumental in the launch of two $1-billion Internet companies, has joined Los Angeles developer Rising Realty Partners in a project to turn three century-old buildings into offices for tech firms.
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BUSINESS
September 25, 1985
Delores Ann Leader joined the sales staff of Mesa Realty Company.
BUSINESS
November 24, 2013 | By Kenneth R. Harney
WASHINGTON - For the growing numbers of home purchasers who care about energy efficiency, it's the ultimate "green" goal: Lenders should recognize the net savings that energy improvements provide to property owners and take them into account when they underwrite and set the fees for mortgages. Appraisers should also recognize the added value. The rationale: Owners of homes that reduce energy consumption pay lower utility bills than owners of energy guzzlers, so why not factor these out-of-pocket savings into calculations of household debt-to-income ratios and appraised valuations?
REAL ESTATE
August 28, 1988
Julien J. Studley Inc., national commercial realty firm, has opened its 19th office at 4675 MacArthur Court, Newport Beach.
REAL ESTATE
December 20, 1987
L.J. Hooker International, investment realty firm, has moved into new and expanded quarters at 444 S. Flower St.
REAL ESTATE
March 29, 1987
McCarter-Burke, Irvine-based commercial realty firm founded as Ashwill-Burke in 1968, has had its name changed to Burke Commercial Real Estate Inc. The name change reflects the departure of George McCarter in 1985, according to William B. Burke, chairman.
BUSINESS
May 23, 1989
Carl C. Gregory III has been elected chairman of Mortgage Investments Plus, a Woodland Hills-based real estate investment trust. Gregory, 44, has been a director of the company since 1986. Previously he was president of American Western Realty Corp. in Los Angeles. Mortgage Investments Plus also elected a new member to its board of directors, W. John Driscoll, who is president and director of Rock Island Company.
REAL ESTATE
May 10, 1987
The expansion of Gribin von Dyl Realtors, Sherman Oaks, acquired six months ago by Kates & Dlugatch Enterprises, is on target, according to Harvey Dlugatch, president of the firm. At the time of the acquisition of the firm--one of the oldest realty concerns in the San Fernando Valley--Dlugatch announced plans to increase the gross dollar sales volume by 50% in 1987.
REAL ESTATE
June 9, 1985 | DICK TURPIN
Without too much exaggeration, Southern California can lay claim to being the real estate fraud capital of the United States. We can add, with a little poetic license, that our mountains, our desert and our seashore provide havens for the old confidence game and its perennial targets, real estate and investments. The Southland's traditional receptiveness to the unusual and the chancy, new ideas and products, has created an anything-goes attitude and a reputation for the zany things in life.
BUSINESS
October 2, 2013 | By Andrew Tangel
NEW YORK - King Kong climbed it. A bomber crashed into it. Now the country's most iconic building is going public. The Empire State Building is set to make its debut Wednesday on the New York Stock Exchange. And for $13 - about half the cost of a ticket to its famous observation deck - you can own a piece of the American landmark. When it was completed in 1931, the 102-story Art Deco landmark reigned as the tallest building in the world. An enduring symbol of Gotham's vertical prowess, it retained its status as the tallest skyscraper in New York City for four decades, until it was eclipsed by the old World Trade Center at the foot of Manhattan.
BUSINESS
June 27, 2013 | By Lauren Beale
Are we at that heady point where owners enjoy looking up their home values online again? For the moment it would seem so, and ZipRealty has just launched a set of tools to let people do just that. The Seller Center landing page is easy to use and quick. Just type in the address, hit return and up pop three different range estimates of the home's value. On a practice run, ResPrice.com returned the highest value range, Zillow offered the widest range and HomeGain offered what seemed the most realistic.
BUSINESS
May 31, 2013 | By Kenneth R. Harney
WASHINGTON - A settlement between the federal Consumer Financial Protection Bureau and a Texas home builder is drawing renewed attention to a controversial issue that was prominent during the years preceding the housing bubble: kickbacks in home real estate transactions. Put another way, do you know where your money is really going when you pay thousands of dollars in loan fees and closing charges? Is your realty broker or builder getting an extra piece of the action through side deals with lenders or title companies - all at your expense through higher charges?
BUSINESS
August 5, 2012 | By Roger Vincent
Venerable Los Angeles office landlord Kilroy Realty Corp. has made its first move into Hollywood with the $79-million purchase of Sunset Media Center, a high-rise near the intersection of Sunset Boulevard and Vine Street. Kilroy plans to spend “many more millions of dollars” to renovate the 22-story tower built in 1972, said David Simon, Kilroy's executive vice president for the Los Angeles region. The goal is to reposition the building at 6255 W. Sunset Blvd. as more upscale and attract tenants capable of paying higher rents.
BUSINESS
July 29, 2012 | By Mary Umberger
For many travelers and restaurant patrons, it has become almost a reflex to go online first to see what other people have to say about hotels and places to eat. Indeed, many companies regard online customer reviews as a crucial component of their marketing. In real estate, not so much. Only a few online outlets within the business encourage customers, satisfied and otherwise, to speak their minds. The Houston Assn. of Realtors — regarded as practically avant-garde for its innovations in an industry that has been famously resistant to change, particularly online — began encouraging agent reviews two years ago. A handful of independent websites such as Zillow allow various forms of agent ratings.
BUSINESS
May 31, 2012 | By Tiffany Hsu
The number of U.S. homes purchased via short sale hit a three year-high in the first quarter of 2012, up 25% from a year earlier, according to a report on foreclosure-related sales. Owners unloaded 109,521 homes during the first three months of the year for less than what they owed on the mortgage, according to Irvine-based data tracker RealtyTrac. Such transactions help homeowners avoid having their properties repossessed by lenders, which must approve the sales. Short sales made up 12% of all residential sales during the quarter, commanding an average price of $175,461, a record low. “Financial institutions are agressively seeking to move through their inventories of homes in default or scheduled for auction,” said Stuart A. Gabriel, director of the Ziman Center for Real Estate at UCLA.
BUSINESS
November 12, 1985 | DANIEL AKST, Times Staff Writer
To the law firm of Yusim, Stein & Hanger, it was an open-and-shut case. Several senior partners live in the San Fernando Valley, the firm's prospective landlord offered the law firm part ownership in a nice new building and freeway access was more important than a fancy address.
REAL ESTATE
May 21, 1989 | RUTH RYON, Times Staff Writer
CHAD EVERETT and his wife, Shelby Grant Everett, have put the Spanish-style, Chatsworth home they built in 1971 on the market for $2.85 million and are building a new residence for themselves in Chandler, Ariz. "I have a picture ('Heroes Stand Alone') coming out in June and (a pilot for) a series on ABC, so I'm not getting out of the business," the actor quickly noted about his move to Arizona. "Assuming the series goes, we'll be in Florida half the year, so it isn't necessary to live here."
BUSINESS
April 26, 2012 | By Tiffany Hsu
Foreclosures increased in the first three months of the year from the previous quarter but are down compared to a year ago, according to RealtyTrac. The Irvine-based foreclosure data firm continued a run of housing data this week, much of which suggests the housing market may be on the recovery track . But this year's landmark settlement over robo-signing at the nation's largest banks have many experts unsure of how to predict future foreclosure trends. "First quarter metro foreclosure trends were a mixed bag," said Brandon Moore, RealtyTrac's chief executive in a statement.
BUSINESS
April 22, 2012 | By Kenneth R. Harney
WASHINGTON - It's not something that economists routinely track, but it provides a rough sense of what's happening in local real estate markets. Call it the low-ball index. A year ago, according to researchers at the National Assn. of Realtors, 1 out of 10 members surveyed in a monthly poll complained about low-ball offers on houses listed for sale. In the latest survey - conducted during March among a sample of 4,500 agents and brokers across the country and not yet released - there were hardly any. Instead, the focus of volunteered comments has shifted to declining inventory levels - fewer houses available to sell - and multiple offers on well-priced listings.
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