May 10, 2011 |
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.
January 19, 2014 |
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.
January 1, 2012 |
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.
April 8, 1986 |
If William Inge were around to see the revival of "Picnic" at the Ahmanson, he'd have one or two reservations, but, in the main, one suspects he'd be pleased. It lives up to the spirit of the hugely successful Broadway version that opened in 1953 (a version Inge himself wasn't altogether wild about), if not entirely to its letter. The discernible changes in the Ahmanson "Picnic" are so minor as to be negligible.
July 17, 2011 |
The last surviving original developer of Marina del Rey got a little emotional before turning a shovelful of dirt to mark the beginning of a new apartment complex that will replace the one he built in the early 1960s. Under an awning decked in red, white and blue, Jerry Epstein recalled last month how financiers were skeptical of the man-made marina in its early days, and only a "very substantial" loan from actor Kirk Douglas gave Epstein enough cash to build Del Rey Shores apartments on Via Marina.
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.
September 21, 1986 |
A broken-down bus and three old, ratty mobile homes stand out as eyesores among the newer, larger coaches in the Amberlight Mobilehome Park, but the weeds have been pulled and debris cleared out. Wilhelmina Berzins, 77, an 18-year resident, quietly swept the front of her coach last week, a big smile on her face as ocean breezes cooled the bright sky. But beneath this placid picture, fear and tension pervade. "It looks OK," Berzins said, "but it doesn't feel OK."
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
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)