The chief executives of New York commercial lender CIT Group and Pasadena's OneWest Bank promised Thursday that the planned OneWest buyout would be good for poor neighborhoods, while critics said the $3.4-billion combination would create a "too big to fail" institution with inadequate...
Mortgage rates climbed higher this week as lenders on average offered a 30-year fixed loan at 3.80%, up from 3.76% last week, according to Freddie Mac’s weekly survey.
CIT Group's $3.4-billion takeover of Pasadena's OneWest Bank will come under scrutiny today at a public-benefit hearing called by U.S. bank regulators.
Another developer from China has entered the downtown Los Angeles real estate market with the $26-million purchase of property near Staples Center where it intends to build condominiums.
With thousands of new apartments being built in downtown Los Angeles, a Canadian developer is looking to set itself apart by offering fully furnished units in its nearly completed $200-million luxury high-rise.
Media magnate Rupert Murdoch sold his house in Beverly Hills for $30 million, public records show.
The project started out as a simple exercise of memory: Tony Aivazian wanted a way to recall his hometown when neither photos nor the possibility of going back to visit existed. So he drew a map of Hajiabad — one of a cluster of Armenian enclaves in Iran dating back hundreds of years...
Prolific Midcentury designers Jerome and Evelyn Ackerman are the focus of a new flurry of attention. The Ackermans worked in a variety of media, including ceramics, mosaics, tapestries and woodcarvings, introducing items into the market starting in 1953. Evelyn Ackerman died two years ago,...
A pedigreed Midcentury Modern home in Pasadena, a glassy Nichols Canyon contemporary and a Westside residence offered for the first time in decades were among the top sales in the greater Los Angeles area last week.
Amid high prices and tight supply, sales of previously owned homes fell to their lowest rate in nine months in January as the housing market continued its erratic recovery.
Mortgage rates edged higher for a second week, with Freddie Mac's weekly survey showing that lenders were offering conventional 30-year loans at an average 3.76%, up from 3.69% last week.