Rents

Workers at Disneyland and Disney California Adventure Park took photos of visitors entering the parks Tuesday as part of a new crackdown on abuse of multiday passes. The photographing of guests - including children - delayed visitors' getting into the park by about 45 minutes, parkgoers said. "They delayed literally thousands of people in line to do this process," said Bob Shoberg, a San Jose resident who visited Disneyland with his wife, daughters, in-laws and grandchildren.

A Spring Street office building completed in 1915 has been purchased by a developer who plans to improve it as gentrification sweeps gradually through downtown Los Angeles' formerly depressed historic financial district. The Corporation Building, at 724 S. Spring St., was acquired by Izek Shomof, one of the most active developers of aging properties in the city's historic core. Shomof said he plans to renovate the 13-story tower and rent office space to creative firms. Terms of the sale by Spring & Main Property were not disclosed, but real estate experts familiar with the neighborhood valued the deal at about $10 million.

Junior's Deli, which has been serving pastrami and other deli fare on L.A.'s Westside since 1959, will close at the end of the year. Employees, some of them multi-decade veterans of the business, learned Wednesday of the comfort food haven's impending shutdown, a casualty of a rent dispute over the 11,000-square-foot space. "It's catastrophic for me," said David Saul, who co-owns the business with his brother, John. "I'm at a loss. It's like I'm grieving a death. " The Sauls' father, Marvin, launched the delicatessen after a failed stint as a uranium miner in Utah.

Bruno Serato strolls down the middle of a narrow street, his signature white chef's coat illuminated by the headlights of a cargo van. A light rain falls as he yells into the boxy homes that line the road at the Golden Skies Mobile Home Park in Anaheim. He stops each passing person - a man driving home from work, a woman pushing a child in a stroller. "Turkey," he calls out, the Italian in his voice still thick. "Turkey!" The van is loaded with 12- and 13-pound turkeys, and the 56-year-old owner of the Anaheim White House restaurant is on another mission to help Orange County's neediest.

Junior's Deli, a 53-year-old Westside staple, will close at the end of the year, narrowing the ranks of Jewish delis in Southern California. Employees, some of them multi-decade veterans of the business, learned Wednesday of the comfort food haven's impending shutdown, a casualty of a rent dispute over the 11,000-square-foot space. “It's catastrophic for me,” said David Saul, who co-owns the business with his brother John.  “I'm at a loss. It's like I'm grieving a death.” The Sauls' father, Marvin, launched the delicatessen in 1959 after a failed stint as a uranium miner in Utah.

When Tony Tolbert turned 50 last year, he marked the occasion by moving in with his mother. The decision wasn't about money. He's a Harvard-educated attorney, on the staff of UCLA's law school. And it wasn't because his mother wanted or needed him home. It was Tolbert's response to the sort of midlife milestone that prompts us to take stock. Instead of buying a sports car, he decided to turn his home - rent free - over to strangers. He'd been inspired by a magazine article about a family that sold their house, squeezed into a tiny replacement and donated to charity the $800,000 proceeds from the sale.

Renting an office in Los Angeles' desirable Century City market is expensive by local standards but a pittance compared with other big cities in the world. Los Angeles ranked only 32nd on a semiannual list of international office rents compiled by real estate brokerage CBRE Group Inc. No American city was even in the top 10, which was led by Hong Kong, London and Tokyo. Rent in densely developed Hong Kong averages $246 per square foot per year, more than three times as much as Century City's $77. The most expensive U.S. market was New York's Midtown Manhattan, which ranked 16th at $114.

Offices in a converted El Segundo manufacturing building formerly occupied by aerospace giant Northrop Grumman Corp. will be rented by data service provider Teradata. Ohio-based Teradata has agreed to rent a 1950s-era warehouse at 601 Nash St. that Northrop converted to executive offices more than a decade ago. Teradata will move there next year from a nearby 20-story tower built in the 1980s. Teradata's relocation from a traditional high-rise building to a free-standing one-story office building is part of a county-wide trend of corporate users moving toward more casual, collaborative atmospheres, real estate broker Scott Steuber of Cushman & Wakefield said.

After riding out the tough economy in their parents' basements, more young American adults are starting to break out on their own, pushing up the nation's mobility rate and giving an important boost to the housing market and the broader recovery. Thanks to improving job prospects and super-low mortgage rates, adults in their 20s and early 30s are moving into their own apartments and buying homes in increasingly greater numbers, according to real estate experts and government statistics.

Jeffrey Cote was driving home from work one evening this spring when he noticed a light on inside Unit 312 of the Little Tokyo Lofts. This was the industrial loft he had bought in downtown Los Angeles for $647,000 - with no money down - at the top of the market in 2007. He thought it would be a great investment. It was also the loft he had abandoned less than two years later, after filing for bankruptcy and expecting the bank to foreclose. The loft was still in Cote's name, so the light surprised him. A few weeks later, he and his girlfriend decided to investigate.