Author Archive: California Home Previews
156,000-SF Lease Shows that Asset is ‘Starting to Perform’
SUNNYVALE, CA-Sunnyvale City Manager Gary Luebbers revealed that Apple will join the ranks of high-tech businesses located in downtown Sunnyvale. Apple will occupy the new 156,000 square-foot Town Center Office building at Mathilda and McKinley avenues. Although principles in the deals were not able to talk to GlobeSt.com at this time, in-market expert Stephen Duffy, [...]
California REALTORS® applaud Obama’s proposal to help troubled homeowners
The CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) applauds President Obama’s proposal to help millions of underwater homeowners who are current on their mortgage to refinance. “We are pleased that President Obama understands that a recovery in the housing market is essential to a recovery in the nation’s economy,” said C.A.R. President LeFrancis Arnold. “Allowing homeowners whose [...]
California not among states that OK bank settlement
More than 40 states signed onto a proposed $25-billion deal with major mortgage servicers over faulty foreclosure practices. New York, Nevada and Delaware joined California in holding out for better terms. Reporting from Los Angeles and Washington— More than 40 states signed onto a proposed $25-billion settlement with major mortgage servicers over faulty foreclosure procedures, [...]
Realtors are biggest campaign givers to Californians in Congress
Reporting from Washington—The National Assn. of Realtors is the largest campaign contributor to members of Congress from California in recent years, according to a watchdog study that depicts the nation as a sort of United States of Special Interests. The analysis by MapLight, a nonpartisan research organization focused on the influence of money in politics, [...]
L.A. County luxury home prices make up some lost ground in 2011
Last year brought a dose of real estate reality to San Marino, which alone among Los Angeles County’s wealthy areas had managed to avoid the housing bust. The San Gabriel Valley town endured a 7.2% decline in its median home price, erasing gains of the previous two years. Overall, 2011 turned into a battle of [...]
Hollywood Needs More than Window Dressing and Bogus Claims to Boom Again
WHAT NCs AND PLANNING PROS KNOW – The Update of the Hollywood Community Plan is not only opposed by nearly every neighborhood council and resident group in Hollywood, but also by city planning professionals like myself. Community groups, in fact, understand Los Angeles’s legally adopted city plans and the planning process better than LA’s elected [...]
Banks Paying Homeowners to Avoid Foreclosure
Banks, accelerating efforts to move troubled mortgages off their books, are offering as much as $35,000 or more in cash to delinquent homeowners to sell their properties for less than they owe. Lenders have routinely delayed or blocked such transactions, known as short sales, in which they accept less from a buyer than the seller’s [...]
Video: Jennifer Aniston Buys Bel-Air Mansion For $21 Million
Submitted by Celebrity Mound on Feb 2, 2012 Jennifer Aniston is shelling out $21 million for a magnificent California Modern dwelling in the hills of Bel Air. With an original listing price of $24.9 million, it seems that the real estate juggling actress got quite the bargain on the mid-century mod designed by architect A. [...]
Bizarre Claim for $1 Trillion
An American expatriate in Bulgaria claims the United Nations, the World Economic Forum, the Office of International Treasury Control and the Italian government conspired with a host of others to steal more than $1.1 trillion in financial instruments intended to support humanitarian purposes. The 111-page federal complaint involves a range of entities common to conspiracy [...]
Strength of California economic recovery still hazy
The big news in Stanislaus County these days is that a big Internet retailer – almost certainly Amazon – will establish a huge distribution center in Patterson that would employ at least 1,500 workers. Meanwhile, California new car sales reached nearly 1.3 million vehicles last year, a 9.9 percent improvement over 2010, and the state’s [...]
