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REAL ESTATE
September 22, 1996 | KATHERINE SALANT, SPECIAL TO THE TIMES; Katherine Salant is a syndicated real estate columnist who writes about newly built homes
Most advertisements for new homes indicate the size by the number of rooms. The number of square feet--a figure that most buyers also use when assessing house size--is rarely mentioned. Even in sales brochures given out at model houses, the square-foot figure is not routinely given. Why not? The home building industry has not had a standard method for calculating square feet.
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BUSINESS
April 19, 2014 | By Lauren Beale
Actress Anjelica Huston has parted with the five-story contemporary live/work home in Venice that she shared with her late husband, sculptor Robert Graham, for $11.15 million. The 13,796 square feet of loft-like space, some 200 feet from the sand, includes a 10,000-square-foot art studio that was used by Graham, a dance studio, a gym, a library/study, a media room, an office, three bedrooms and 3.5 bathrooms. The home and studio share a central courtyard shaded by a coral tree.
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BUSINESS
October 24, 1989 | JOHN O'DELL, TIMES STAFF WRITER
There had to be some good news lurking somewhere on the Orange County housing front. While all other price-related items in the county's new detached home market increased in the intervening six months, a study by First American Title Insurance Co. released Monday says the average price per square foot of a new detached home was 2.8% lower in August than it was in March. It isn't much, but when all the other numbers are climbing, a drop from an average selling price of $156.
CALIFORNIA | LOCAL
April 15, 2014 | By Jason Song
Jewel Wade remembers the tense atmosphere at Compton Community College in 2006, when it was rumored the school would close. "The whole school was kind of depressing because nobody knew what was going on," Wade recalled Tuesday. State officials did strip the school of its accreditation and turned the campus into a satellite of a nearby two-year college. The $25-million library, which had been set to open in 2007, was found to be plagued with code violations and sat unused for nearly seven years before finally opening late last month after undergoing extensive renovations that cost an additional $4 million.
BUSINESS
January 20, 1993 | TED JOHNSON, SPECIAL TO THE TIMES
A three-story office building in Santa Ana sold last week for just $32 a square foot, one of the lowest prices paid for premium office space in central Orange County in years. HUIS (USA) Ltd., a construction and design company that is based in Hong Kong and has its U.S. headquarters in Pasadena, bought the 42,744-square-foot building at 230 Golden Circle Drive for $1.38 million from the Resolution Trust Corp., the federal agency charged with selling the assets of troubled thrifts.
BUSINESS
October 20, 1992 | CAROL SMITH, SPECIAL TO THE TIMES
The asking price on top-of-the-line Orange County office space continued its free fall Monday with the confirmation that an 11-year-old, three-story building in Santa Ana is on the market for about $39 a square foot, the lowest listing price so far this year. The Resolution Trust Corp., which is the federal agency charged with selling the assets of thrifts seized by the government in the wake of the savings and loan crisis, is asking $1.
CALIFORNIA | LOCAL
December 13, 1990 | JOHN SCHWADA, TIMES STAFF WRITER
Over some objections from neighbors, MCA, as expected, won Los Angeles City Council approval Wednesday to build a $70-million addition to be known as "CityWalk" at its Universal City entertainment complex. CityWalk plans call for construction of a 257,000-square-foot pedestrian-oriented mall, consisting mostly of boutiques and restaurants but also including a 50,000-square-foot music production studio and a 20,000-square-foot UCLA Extension facility.
BUSINESS
July 14, 1992 | MICHAEL FLAGG, TIMES STAFF WRITER
A Boston bank has sold the second of two office buildings on which it foreclosed in 1991, a deal that one real estate broker said set a new low for local office prices. The three-story building not far from John Wayne Airport sold for $3.6 million, or $51 a square foot. Had the building been fully leased instead of less than half full, it would have sold for about $81 a square foot.
CALIFORNIA | LOCAL
May 25, 2003 | Cara Mia DiMassa, Times Staff Writer
From the outside, the Venice bungalow didn't look like much. Faded white and blue paint peeled off its eaves. Overgrown palms shrouded its front porch. The only parking available was on the street and hard to find. At 500 square feet, it was, admittedly, a postage stamp of a house, on an only slightly bigger lot. But to the 100 or so people who gathered Saturday on Rialto Avenue, the property represented an opportunity, at the least; the fulfillment of a dream at best.
BUSINESS
February 3, 2013 | By Kenneth R. Harney
WASHINGTON — If you're one of the millions of homeowners and renters who work or run a business from the place you live, here's some good news on taxes: The Internal Revenue Service wants to make it easier for you to file for deductions on the business-related use of your home. Rather than the complicated 43-line form you now have to fill out to claim a write-off — the instructions alone take up four pages of text and involve computations such as depreciation and utility bill expense allocations — the IRS has come up with a much simpler option: What it calls a "safe harbor" method that allows you to measure the square footage of your business space and apply for a deduction.
BUSINESS
April 1, 2014 | By Lauren Beale
After an international bidding war, a Westside mansion often described as a French palace has changed hands for $102 million, making it the most expensive residential sale ever recorded in Southern California. As is often the case with high-end properties, the identity of the trophy home's unnamed buyer has been obscured behind layers of lawyers, agents and a limited liability company. But the real estate equivalent of a bread crumb trail suggests that the purchaser of the opulent estate is onetime junk bond king Michael Milken, who has spent more than two decades devoted to philanthropic efforts since he pleaded guilty in 1990 to securities fraud.
BUSINESS
March 26, 2014 | By Roger Vincent
American Tire Distributors Inc., one of the nation's largest tire distributors, has agreed to rent a massive new $65-million warehouse near Bakersfield in the Kern County city of Shafter. Landlord Roll Real Estate Development will build the 1-million-square-foot distribution center for the North Carolina tire and wheel seller at Roll Real Estate's Paramount Logistics Park. The new industrial building for American Tire will sit on more than 45 acres and include 234 trailer stalls and 201 loading docks.
CALIFORNIA | LOCAL
February 15, 2014 | Steve Lopez
If somehow you missed the news that California is drier than a stale tortilla, the Amber Alert signs have come to the rescue with highway bulletins like this one: "Serious drought, help save water. " This is helpful to a point, I suppose, and I like the creative use of highway signs heretofore reserved largely for safety warnings or child abductions. If Caltrans would consider pushing the boundaries even further, I'd spring for a sign that says: "Hey, Brian D'Arcy, where's our $40 million?"
BUSINESS
October 27, 2013 | By Lauren Beale
Zac Efron , who seems to be in every other movie these days, still found time to pick up a home in Hollywood Hills recently for $3.995 million. The former teen idol, who owns another house nearby in Hollywood Hills West, bought a two-story Zen-inspired contemporary behind gates at the end of a long driveway. The 5,644-square-foot home, built in 1964, features panoramic city-to-ocean views, expanses of glass, an open floor plan, a wine cellar, a gym and a fountain inside the entry.
CALIFORNIA | LOCAL
September 17, 2013 | By Larry Gordon
SAN FRANCISCO - The UC regents took a step toward possibly restoring a university-owned mansion to once again become the official residence for the system's president. Some regents, however, said it might make more sense to sell off the Contra Costa County property. A regents committee approved initial repairs of Blake House, the estate where most UC presidents had lived since the 1960s but which has been empty for the last five years. The 13,200-square-foot-house, located about 11 miles north of the UC system's Oakland headquarters, needs a major overhaul, officials say. Tuesday's vote, expected to be approved by the full board Wednesday, authorized spending $620,000 from a privately funded UC endowment for short-term seismic strengthening and roof repairs and for architectural and engineering studies about the long-range future of the house.
BUSINESS
July 4, 2013 | By Roger Vincent
Another long-neglected Los Angeles landmark - the massive, century-old former May Co. flagship department store in the old movie theater district on Broadway - has hit the market as investors continue to bet on the comeback of downtown's historic center. The gritty blocks around it sport a growing number of upscale apartments, restaurants and boutiques in once run-down buildings, but most of them are small fry compared with the 1.1-million-square-foot Moby Dick that is the former May Co. store.
BUSINESS
September 27, 1991
OFFICE BUILDINGS Existing Buildings Number of buildings: 87 Total square feet: 6,535,306 Vacant space: 1,279,287 Vacancy rate: 19.58% Monthly Lease Rates per Square Foot Existing Vacant Office Space Average: $1.41 Low: $0.79 High: $2.16 High-Tech/Research & Development Space Sale price per square foot Average: $105.56 Low: $45.81 High: $145.00 Lease price per square foot Average: $0.81 Low: $0.38 High: $1.50 Manufacturing/Warehouse Space Sale price per square foot Average: $74.30 Low: $28.
BUSINESS
September 6, 1991
OFFICE BUILDINGS Existing Buildings Number of buildings: 83 Total square feet: 6,089,055 Vacant space: 1,164,293 Vacancy rate: 19.12% Monthly Lease Rates per Square Foot Existing Vacant Office Space Average: $1.78 Low: $1.20 High: $3.25 High-Tech/Research & Development Space Lease price per square foot Average: $0.83 Low: $0.69 High: $0.95 Manufacturing/Warehouse Space Lease price per square foot Average: $0.47 Low: $0.45 High: $0.50 Source: CB Commercial
BUSINESS
May 29, 2013 | By Tiffany Hsu, Los Angeles Times
Spanish retailer Zara is coming to downtown Los Angeles, bringing a dash of fast fashion to a district increasingly pegged as a potential shopping powerhouse. The 27,000-square-foot store that the trendy chain plans to open in the Figat7th shopping center next spring will be nearly three times the size of some Zara stores. The retailer is debuting downtown just as the neighborhood - already developing cachet as a culinary destination and residential center - starts to shed its reputation as a fashion desert.
BUSINESS
April 12, 2013 | By Roger Vincent, Los Angeles Times
Tenants kept the upper hand in office rent negotiations in Southern California in the first quarter, even though conditions improved slightly for landlords as the economy picked up and some businesses expanded. The most leases were signed in markets such as the Westside and Orange County, where some companies are growing enough to add workers, industry observers said. "I think we're on the slow road to recovery," said Hans Mumper, head of the greater Los Angeles region for real estate brokerage Colliers International.
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