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BUSINESS
May 10, 2011 | By Roger Vincent, Los Angeles Times
Long-suffering office landlord MPG Office Trust Inc. reported a first-quarter loss Monday as the Los Angeles company struggled with debt and a weak rental market. The real estate investment trust, which owns some of the region's best-known skyscrapers including the U.S. Bank Tower in downtown Los Angeles, finished the quarter ended March 31 with a loss of $39.5 million, or 81 cents a share. MPG turned a profit of $18.6 million, or 38 cents, in the same period a year earlier.
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BUSINESS
January 19, 2014 | By Roger Vincent
Despite a mixed performance in 2013, the Southern California office market improved slightly overall as the year finished with small increases in occupancy and rents. The ever-popular Westside continued to lead the way as active leasing helped landlords fill empty space in their buildings and ratchet up rents. Orange County also held on to its upward trajectory. "Things are getting better, little by little," said Petra Durnin, director of research in the West for real estate brokerage Cushman & Wakefield.
BUSINESS
December 7, 1987 | DENISE GELLENE, Times Staff Writer
Hunter's Books is closing three unprofitable stores on Christmas Day, including its flagship store in Beverly Hills, the chain's owner said Sunday. Hunter's Books owner Louis Lengfeld said in a telephone interview that the stores in Beverly Hills, Westwood and Phoenix are being closed because rents are too high. He said he decided to close the stores rather than reduce the level of customer service that has become Hunter's trademark. "We gave it a good try," said Lengfeld.
NEWS
January 1, 2012 | By Roger Vincent
As 2011 came to a close, some commercial real estate experts found promising signs amid often troubled markets. The office market is gaining interest from investors despite a mixed bag of improving property-related economic fundamentals such as employment and business expansions, a recent survey showed. Commercial real estate continues to offer attractive yields compared to alternative investment vehicles, said respondents to a quarterly poll by consulting firm PricewaterhouseCoopers.
BUSINESS
September 26, 1989
American Video Clearinghouse in Westlake Village said it signed a letter of intent to acquire a division of Comprehensive Leasing Corp., of Austin, Tex. Terms were not disclosed. The division provides inventory and equipment to operators of video stores. American Video Clearinghouse rents videocassette tapes by mail.
CALIFORNIA | LOCAL
April 5, 2009 | Anna Gorman
First Jason Farber lost his job. Then his new wife, Julie, lost hers. Their combined $160,000 income vanished, and soon their savings did too. The unemployment checks weren't enough to pay the rent, so they turned to Jason's mother for help. Suzi Farber, 62, willingly opened her doors because she was having trouble making her own house payments. The couple moved into her Encino home in late February. "It's not where I would choose to be," said Jason Farber, 39. "But it's where we ended up."
BUSINESS
August 3, 2008
Some important points are missing from the story on living in the loft. ("Lofty living pays sweet dividends," Your Money, July 27.) Rents rise every year, and in about 10 years, the current rent will double. No equity is being built up. For people with no independent means, this is more than a hurdle; it might put them into homeless category once they stop working. Few people can live on a couple of plastic bags of goods carried up, and fewer still will live without a car. Parking expense is significant.
CALIFORNIA | LOCAL
April 30, 1994
Popcorn is not only a hazard to your health but to the aesthetic enjoyment of a movie. When we go to a live play in a theater, we don't have to cope with the rancid stench of popcorn oil, the crunching of teeth, the smacking of lips. That's why my family stays away from movie theaters and rents videos. G. BORDING MATHIEU Laguna Beach
NEWS
May 19, 1985
A West Hollywood landlord, Letizia Gelles, filed a lawsuit in Los Angeles Superior Court to exempt her 15-unit apartment building from the city's freeze on rents. After the city's incorporation its council voted not only to freeze the prices on rents but also rolled them back to what they were on Aug. 6, 1984. In doing so, the city denied this landlord the right to rent her apartment units at the free market-value prices, which is so fundamental in our marketplace economy and which is taken for granted by all other enterprises (such as)
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