Tag: featured
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, [...]
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. [...]
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 [...]
Distressed Real Estate Inventory; The Drain is Still Clogged
January’s HomeValueForecast.com highlights new metric for understanding distressed real estate inventory including contrasting examples from Southern California and downstate New York; top and bottom performing CBSAs are revealed with a deep dive into Tucson, AZ Pro Teck Valuation Service’s HomeValueForecast.com explores why there are variations from one state to another in distressed real estate inventory and [...]
REAL ESTATE: December Inland home sales, prices drop
Buyer reluctance and tight lending standards last month continued to suppress home sales and prices in Inland Southern California, with investors and cash buyers playing an extraordinarily important role. Home sales rose from November to December, following a normal seasonal trend. But the 3,584 homes sold in Riverside County last month was 3 percent less [...]
O.C. business owners expect 2012 rebound
After years of merely trying to hang on, nine out of 10 Orange County business owners who responded to a Register survey expect their business revenues to grow in 2012, and more than 7 out of 10 expect to be more profitable too. However, they are much more cautious about the economy in general with [...]
Kobe Bryant Suffers Real Estate Loss in Divorce
Turns out that the $4 million diamond ring Kobe Bryant gave his wife after his extramarital affairs became public years ago was only a warm-up act. With the Lakers’ star and Vanessa speeding to divorce, Kobe will now pay big-time for the lack of a prenuptial agreement with the mother of his two daughters. Recent [...]
