April 29, 2008 |
The percentage of homes that are vacant and for sale in the U.S. set a record in the first quarter, the government said. A Census Bureau report showed that 2.9% of U.S. homes -- excluding rental properties -- were vacant and for sale, compared with 2.8% in the fourth quarter of 2007. It was the highest quarterly number in records going back to 1956. The West had the biggest gain in vacancy rates, rising to 3.2% in the quarter from 2.6% a year earlier.
CALIFORNIA | LOCAL
July 12, 1996
It appears there are some constituents who do not understand the ballot measure I proposed, giving voters more power over council vacancies. For background, in 1987, a council vacancy occurred. The council, myself included, voted to appoint, only for the length of time required to elapse before the election could be held. An election followed as soon as legally possible. In 1990, Paul Lawrason, with two years left in his council term, ran and was elected mayor. A special election, with a 17.2% turnout and costing more than $20,000, filled the vacancy left by Lawrason.
October 15, 1986
Average vacancy levels for office buildings in downtown business districts fell to 15% from 19% during the third quarter of 1986, according to a nationwide survey by Cushman & Wakefield, a diversified real estate company and subsidiary of Rockefeller Group. The survey showed the lowest central city vacancy rates were in the Northeast, while the highest rates were recorded mainly in the Sun Belt. Hartford, Conn., led the list with a vacancy rate of only 6%, while Fort Lauderdale, Fla.
May 2, 1989 |
The San Fernando Valley office vacancy rate climbed to 15% in the first quarter of 1989, the highest it has been in nearly two years, according to a survey by the realty firm Grubb & Ellis. In the fourth quarter of last year, the vacancy rate fell to 12%, matching the five-year low. Howe S. Foster, senior vice president at Grubb & Ellis, attributed most the first quarter's increase "to the half-million square feet of new office space that came on line in the East Valley" market.
CALIFORNIA | LOCAL
April 19, 1987 |
Applications are now being accepted for a vacancy on the city's Mobile Home Commission. Established in 1978, the commission helps mediate disputes between park residents and owners. Membership on the nine-member commission includes three park owners, three park residents and three at-large members. The current vacancy must be filled by a mobile home park resident. The commission meets "as needed"--in the past about twice a year.
November 3, 1985
Westside Los Angeles office vacancy rates increased to 17% in the third quarter of this year from 14% last year and--judging by the amount of construction under way--should continue to increase, according to data from Grubb & Ellis Commercial Brokerage Services. As of Aug. 31, about 2.9 million square feet was vacant from the existing base of 96 buildings on the Westside, including Beverly Hills, Santa Monica, Century City, Mid-Wilshire, Westwood, Brentwood, Culver City and West Los Angeles.