Last Build Date: Fri, 9 Dec 2016 19:00:55 -0800Copyright: ©2016 Los Angeles Times
Fri, 9 Dec 2016 17:00:00 PST
Expect increased rent prices in San Diego County next year and many of the same hurdles to get new homes built.
That’s at least some of the consensus coming out of two real estate forecast conferences in San Diego this week attended by builders, landlords and investors.
There was cautious optimism...(image)
Fri, 9 Dec 2016 16:00:00 PST
The new property owner of the historic Los Angeles Times building unveiled details Friday about its plans to dramatically transform the downtown Civic Center with high-rise residential towers and a host of stores.
Onni Group, a developer in Vancouver, Canada, bought the 202 W. First St. property...(image)
Fri, 9 Dec 2016 13:55:00 PST
If there was any question about demand for condos in San Diego County’s housing market, Hillcrest’s Deca complex may have answered it.
The luxury condos on Park Boulevard, starting near $500,000, went on sale last week. In five days, eight of the 31 units up for sale had sold, developers said....(image)
Thu, 8 Dec 2016 08:00:00 PST
A million dollars, once a line for defining personal wealth and real estate, doesn’t buy what it once did in Los Angeles County’s housing market, but it’s still enough to get into some trendy neighborhoods.
Here’s a look at what $1 million buys in Beverly Crest, Hollywood Hills and Sherman Oaks...(image)
Thu, 8 Dec 2016 07:00:00 PST
What’s in a name?
In Los Angeles real estate, a lot. A property’s connection to an A-list celebrity or renowned architect can add glamour, intrigue — and a price premium.
Name-dropping such ties is a common practice, but estates can be mistakenly attributed to notables, and the “Marilyn Monroe...(image)
Wed, 7 Dec 2016 13:35:00 PST
The federal Consumer Financial Protection Bureau said Wednesday that it has fined two Southern California reverse-mortgage firms for deceptive advertising practices, saying the companies wrongly told borrowers they could not lose their homes.
American Advisors Group in Orange agreed to pay a civil...(image)
Fri, 2 Dec 2016 17:20:00 PST
A San Diego real estate firm that aims to own buildings used to grow medical marijuana became a publicly traded company on Thursday, opening at $20 a share but seeing its stock price fall by the end of the week.
Shares of Innovative Industrial Properties, lead by former BioMed Realty Chief Executive...(image)
Fri, 2 Dec 2016 08:00:00 PST
What does $900,000 buy in L.A. County’s real estate market? In Eagle Rock, a newly built contemporary; in La Cañada Flintridge, a cozy ranch home; and in Topanga, a two-house compound.
Here’s a more detailed look:
EAGLE ROCK: A wall of bi-folding doors extends the living space outside at this newly...(image)
Thu, 1 Dec 2016 08:30:00 PST
Real estate developers are seeing green.
Responding to interest among home buyers for eco-friendly dwellings, developers are building energy- and water-efficient features into homes, reusing materials instead of buying new ones and purchasing bicycles for residents to use.
They’re also catering...(image)
Wed, 30 Nov 2016 17:10:00 PST
The San Diego County economy was unchanged in October as the presidential election neared its end, said a monthly study from University of San Diego.
Consumer confidence was up for a fourth month in a row but the region was dragged down by local stock prices and a reduction in help wanted advertising,...(image)
Wed, 30 Nov 2016 16:50:00 PST
President-elect Donald Trump’s naming of veteran Wall Street banker and hedge-fund manager Steve Mnuchin to be the next Treasury secretary quickly turned into a polarizing appointment on Wednesday as financiers cheered the selection while watchdog groups warned that it could lead to rollbacks of...(image)
Wed, 30 Nov 2016 05:35:00 PST
President-elect Donald Trump has chosen Steven Mnuchin, a wealthy Wall Street executive and Hollywood movie producer who served as his campaign finance chairman, to be the next Treasury secretary.
Although there was no official announcement, Mnuchin confirmed the appointment Wednesday morning during...(image)
Tue, 29 Nov 2016 12:30:00 PST
The median home price in October exceeded a half-million dollars for the first time in a decade in San Diego County, real estate tracker CoreLogic reported Tuesday.
Pushed up by high demand and limited supply, the median price hit $507,500, up 11 percent from a year ago. It has still not reached...(image)
Tue, 29 Nov 2016 10:20:00 PST
Southern California home prices jumped last month, but sales flatlined in a region where homeownership is increasingly out of reach for the middle class.
The six-county region’s median price rose 6.9% from a year earlier to $465,000 in October, real estate firm CoreLogic said Tuesday. Sales inched...(image)
Mon, 28 Nov 2016 17:30:00 PST
When it comes to the “Real Housewives” franchise, the drama isn’t limited to only the television screen. The various cast members often provide fodder in other walks of life, even in real estate news.
In Venice, Stephanie Hollman of “The Real Housewives of Dallas” has sold a newly transformed home...(image)
Mon, 28 Nov 2016 16:50:00 PST
San Diego County homeowners saw some of the biggest home value increases in Southern California in the last year, while landlords benefited from some of the lowest rental vacancy rates in the region, said a detailed industry report released Sunday.
While high demand for housing propelled prices...(image)
Sat, 26 Nov 2016 08:45:00 PST
A pair of speculative developers, a philanthropist and one of Hollywood’s biggest tickets were among those closing deals in L.A. County’s high-end real estate market in late October and early November.
$22 million — Beverly Crest
After selling a $100-million spec house to Tom Gores, developers...(image)
Sat, 26 Nov 2016 05:00:00 PST
The Bob and Dolores Hope estate in Palm Springs, designed by renowned Modernist architect John Lautner, has sold to billionaire Ron Burkle for $13 million.
That’s just more than half the most recent asking price of $24.999 million and considerably less than the original list price of $50 million,...(image)
Sat, 26 Nov 2016 03:00:00 PST
Question: Not long after we moved into our townhouse, we came to loggerheads with the board. Try as we might to resolve our differences, nothing worked. My wife and I found ourselves in a lawsuit with the association that started shortly after we moved here. Yesterday our attorney explained the...(image)
Fri, 25 Nov 2016 06:00:00 PST
Industrial properties, particularly those serving online shopping businesses, top the list of best real estate prospects in 2017, according to a survey of brokers, developers and other building-industry leaders.
The recently released “Emerging Trends in Real Estate” from the Urban Land Institute...(image)
Wed, 23 Nov 2016 12:25:00 PST
Long-term U.S. mortgage rates continued to surge this week in the aftermath of the election of Donald Trump as president.
Mortgage giant Freddie Mac said Wednesday that the average rate on a 30-year fixed rate loan shot up to 4.03%, the highest since July 2015 and up from 3.94% a week earlier....(image)
Tue, 22 Nov 2016 13:20:00 PST
Homeownership rates will rise across the nation in 2017 after years of declines as more millennials enter the market, Zillow predicted Tuesday in its look-ahead report.
But, the Southern California market is not expected to see the same gains experienced in the rest of the country because of a...(image)
Tue, 22 Nov 2016 08:30:00 PST
Americans bought homes in October at the fastest pace in nearly decade, helped out by low mortgage rates that have since started to climb following the presidential election of Donald Trump.
The National Assn. of Realtors said Tuesday that sales of existing homes rose 2% to a seasonally adjusted...(image)
Sat, 19 Nov 2016 03:00:00 PST
Question: My daughter just learned that her homeowner association is foreclosing on her condominium, but she was never served with notice. Doesn’t she have to be personally served? Also, the board told her she did not comply with a legal requirement that she inform them of other addresses she may...(image)
Fri, 18 Nov 2016 06:00:00 PST
Get used to a skyline filled with construction cranes. The downtown housing boom looks like it’ll continue for the next six years.
Civic San Diego, the city’s downtown development review agency, reviewed seven projects with 1,650 apartments Wednesday — possibly a one-meeting record in more than...(image)