CALIFORNIA | LOCAL
January 14, 2010 |
Gov. Arnold Schwarzenegger's much-ballyhooed plan to ease the state budget crisis by selling off landmark properties is facing a surprisingly tough first test in Orange County, a place where public officials regularly talk up free markets and privatization of government. A rare bipartisan wave is rising to block the governor's proposed sale of the beloved Orange County Fairgrounds, including conservative politicians who at first backed their Republican governor but are now urging him to call off today's auction and keep the land in public hands.
April 27, 2012 |
A case of tuna fish ... and a case of toilet paper ... and a home loan? Since when has Costco been in the mortgage business? Since last year, it turns out. That's when the Issaquah, Wash.-based discount giant began experimenting with offering home loans to some members via its website. Costco is so pleased with how things turned out that it's rolling out the service to everyone. Auto and student loans will follow soon. It makes sense. Costco has very loyal customers, and they're interested in financial services.
January 27, 2014 |
An astonishing article in the latest issue of Science (purchase required) documents how America's scientific patrimony--specifically, its fossil record--has come under the control of commercial interests. They're now marketing what are often scientifically significant finds to the highest bidder, often for use as home and office decor. The website of one firm cited by author Heather Pringle, Tucson-based GeoDecor , lists an inventory of fossil fish, "dinosauria," mammals, and plants. The article quotes one commercial fossil hawker as defending his business on traditional American cash-on-the-barrelhead terms: "If they don't like the free enterprise system," he says of the museums and researchers fuming about the trade in prehistoric artifacts, "don't participate in it, but don't demonize those that do. " Large fossils can go for millions of dollars.
July 28, 2009 |
Five months after he opened PNK Pro Beauty Supplies in Glendale, owner Karhen Abramyan has put the shop up for sale. He's gotten a few lowball offers in the last few weeks, but no deal. "I have $60,000 in inventory here, I can't just sell it for $50,000," said Abramyan, who is asking $95,000. Blame the bad economy. Buyers and sellers of California businesses are hampered because the vast pools of money that once fueled sales have dried up.
November 3, 2009 |
The Phoenix Coyotes' bumpy six-month journey through U.S. Bankruptcy Court has come to an end with a judge's approval of the sale of the franchise to the NHL. Judge Redfield T. Baum signed the order Monday after a quiet, brief hearing in a mostly empty courtroom, a stark contrast to earlier scenes of high drama featuring countless high-priced attorneys locked in often-bitter arguments. The NHL's bid totals about $140 million. The figure listed in the sale order is $128.
August 1, 2013 |
A home in Bel-Air that was being leased by Grammy-winning singer Luis Miguel is for sale at $5.895 million. The stately traditional features a sweeping staircase off the entry, a formal living room with a wet bar, a den, a breakfast area, five bedrooms, five bathrooms and 5,200 square feet of living space. A terrace off the master bedroom overlooks the back yard. The more than three-quarter-acre grounds include a grotto-style swimming pool, spa and circular driveway. Grandest pool around?
CALIFORNIA | LOCAL
December 14, 2010 |
A state appeals court has stalled the controversial sale of 24 government buildings, ruling Monday afternoon that the transaction cannot go forward this week as planned and delaying it until at least January. The Schwarzenegger administration had hoped to help fill the state's yawning budget deficit by selling the buildings ? including the homes of the state Supreme Court and two appeals courts ? to raise $1.2 billion for this year's shortfall and then leasing them back. But two former members of the state building authority filed suit last month to halt the sale, arguing that it was a waste of taxpayer money.
October 4, 2012 |
"Star Wars" actor Hayden Christensen has listed a house in Studio City for sale at $2.65 million. Built in 1990, the modern-style house features a step-down living room, high ceilings, three fireplaces, five bedrooms and five bathrooms in its 6,302 square feet of living space. An elevator leads to the third-floor master suite, which has a fireplace and dual walk-in closets. The three-quarter-acre lot includes a saltwater swimming pool with spa, flat yard space, mature trees and a three-car garage.
March 1, 2012 |
A Bel-Air house that was home to a young Judy Garland, in the days of her star turn as Dorothy in the 1939 classic "The Wizard of Oz," is back on the market at $7.1 million, roughly a year after its previous sale. Updated and renovated, the two-story traditional sits on about 2.5 acres. Designed by Wallace Neff and built in 1938, the house features dormer and bay windows, white columns, a red-brick clad veranda and French doors. The 5,500-plus-square-foot house has five bedrooms, five full bathrooms and two half-baths.
April 4, 2010 |
Could Congress' ambitious second round of home purchase tax credits -- especially the $6,500 repeat-buyer credit -- turn out to be lacking in terms of economic stimulus clout? With the April 30 deadline to sign home purchase contracts for both the $8,000 first-time buyer credit and the $6,500 version looming, some real estate and building experts are concerned that fewer consumers may be motivated by the credits this spring than last fall. The $6,500 credit, in particular, appears to be generating little buzz among shoppers.