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  • Sommerset Suites Hotel in Hillcrest to become apartments

    Sommerset Suites Hotel in Hillcrest to become apartments

    A Hillcrest hotel purchased for $19.5 million will be turned into luxury apartments.  The 80-room Sommerset Suites Hotel at 606 Washington St. was originally built as an apartment complex in 1986 but had been a hotel for 20 years.  SENTRE, a San Diego-based real estate investment firm, said it...

  • Neighborhood Spotlight: East Los Angeles a physical homeland and cultural touchstone

    Neighborhood Spotlight: East Los Angeles a physical homeland and cultural touchstone

    East Los Angeles is both a place and a mode of being, a physical homeland and the spiritual heart of the Mexican diaspora in the United States. The cultural and political effects that this vibrant neighborhood have had, across the country and around the world, are hard to overstate. It’s impossible...

  • New homeowners will get savings under Fed change

    New homeowners will get savings under Fed change

    Future homeowners in pricey Southern California got welcome news Monday after weeks of  rising mortgage rates. The Federal Housing Administration announced Monday it will reduce the annual insurance premiums most borrowers will by pay by a quarter of a percent, saving the average homeowner $500...

  • Rob Kardashian lists his crib in Calabasas for $2.675 million

    Rob Kardashian lists his crib in Calabasas for $2.675 million

    The Calabasas home of Rob Kardashian of “Keeping Up With the Kardashians” fame has come on the market at $2.675 million. Kardashian, through a blind trust that holds other real estate for the Kardashian-Jenner family, bought the home in a gated community last year for $2.285 million, property records...

  • Top real estate sales of 2016: L.A.’s record year included two $100-million sales

    Top real estate sales of 2016: L.A.’s record year included two $100-million sales

    Storied estates and speculative development in Los Angeles County’s toniest neighborhoods pushed the high-end market to new heights in 2016. Of the dozen single-family home sales of $30 million or more, two changed hands at $100 million — a record-setting mark once thought of as unattainable. Here’s...

  • This company will help with a down payment, but it wants a stake in your new home

    This company will help with a down payment, but it wants a stake in your new home

    When Ricardo and Catherine Soto were looking to buy a home in Chula Vista, they knew that even after selling their old house in El Cajon they would be able to afford a down payment of only about 10%. But when buying a home, 20% is the magic number. It means not only borrowing less but also avoiding...

  • Escondido shopping center purchased for $40.1M

    Escondido shopping center purchased for $40.1M

    A commercial real estate giant from New York City recently purchased a 7-acre Escondido shopping center for $40.1 million that includes Trader Joe’s, Starbucks and Major Market.  Brixmor Property Group’s purchase of the Felicita Town Centre includes 137,408-square-feet of retail space and 4,027-square-feet...

  • Obama's foreclosure prevention program has helped far fewer homeowners than expected

    Obama's foreclosure prevention program has helped far fewer homeowners than expected

    When the Obama administration announced a massive effort to help distressed homeowners in 2009, it set high expectations. The program, government officials said, would keep up to 4 million borrowers out of foreclosure. "It will give millions of families resigned to financial ruin a chance to rebuild,"...

  • Neighborhood Spotlight: Bel-Air's Old Hollywood character gets a nip and tuck

    Neighborhood Spotlight: Bel-Air's Old Hollywood character gets a nip and tuck

    Famed serial monogamist and fashion plate Zsa Zsa Gabor, who recently died at 99 in her Bel-Air mansion, typified in many ways the demographic profile of residents of this most platinum of L.A.’s Platinum Triangle neighborhoods: whiter, older and richer than the rest of the city lying outside of...

  • Stocks slide broadly in a day of light trading

    Stocks slide broadly in a day of light trading

    Banks led a broad slide in U.S. stocks Wednesday that more than wiped out gains from the day before.  After an early upward turn, the stock market veered into the red, with the losses accelerating as the day wore on. Basic materials companies, industrials, utilities and energy stocks were among...

  • Stocks' rise lifts Nasdaq to new record high; Dow nears 20,000

    Stocks' rise lifts Nasdaq to new record high; Dow nears 20,000

    A day of quiet trading on Wall Street ended Tuesday with the Dow Jones industrial average inching closer to 20,000 and a record high for the Nasdaq composite. Materials and technology companies led U.S. stocks slightly higher overall. Energy companies rose as the price of crude oil moved higher....

  • Home prices drop back 2.5% in November

    Home prices drop back 2.5% in November

    After reaching $507,500 in October, the median home price in San Diego retreated 2.5 percent in November to land at $495,000, the same level as in September, CoreLogic reported Tuesday. Still, the median last month was 5.6 percent higher than it was a year ago. Unit sales were down as usual from...

  • Southern California home prices keep rising, and sales jump

    Southern California home prices keep rising, and sales jump

    Southern California home prices and sales rose in November compared with a year earlier, according to a report released Tuesday. The six-county region’s median price reached $465,000 last month, up 5.9% from November 2015, real estate data firm CoreLogic said. Sales soared 24.1%. The strong sales...

  • Ducks captain Ryan Getzlaf sells his home in Corona del Mar for $6.025 million

    Ducks captain Ryan Getzlaf sells his home in Corona del Mar for $6.025 million

    Anaheim Ducks captain Ryan Getzlaf has wrapped up some business away from the ice, selling his home in Corona del Mar for $6.025 million. The multilevel home in the Cameo Shores community came up for sale in May for about $7.2 million and was more recently priced at about $6.5 million, property...

  • U.S. home prices rise 5.1% in October

    U.S. home prices rise 5.1% in October

    U.S. home prices rose again in October as buyers bidding for scarce properties drove prices higher. The Standard & Poor's CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 5.1% in October from a year earlier after climbing 5% in September. Prices for the 20 cities are still...

  • Television legend Norman Lear reboots and lists again in Brentwood

    Television legend Norman Lear reboots and lists again in Brentwood

    Don’t call it a rerun. Celebrated television producer Norman Lear and his wife, Lyn, have relisted their estate in Brentwood for $39.95 million, or about $15 million less than the original listing. The property originally came on the market last year at $55 million, but with additional acreage...

  • Spruce Goose hangar complex is sold to Japanese investors

    Spruce Goose hangar complex is sold to Japanese investors

    Japanese investors have bought the landmark hangar in Playa Vista, now leased by Google, where mogul Howard Hughes built his Spruce Goose aircraft in the 1940s. Los Angeles developer Ratkovich Co. and its financial partner Penwood Real Estate Investment Management sold the four-building Hercules...

  • Fed rate hike: What it means for consumers

    Fed rate hike: What it means for consumers

    The Federal Reserve’s decision Wednesday to raise its benchmark short-term interest rate will slowly push up rates on everything from mortgages and credit cards to savings accounts.  The Fed increased its federal funds rate by 0.25 percentage points. It was only the second increase in more than...

  • Trio of 'Real Housewives' run the gamut in Los Angeles-area real estate

    Trio of 'Real Housewives' run the gamut in Los Angeles-area real estate

    When it comes to the “Real Housewives” franchise, the drama isn’t limited to the television screen. Various cast members often provide real estate fodder, especially recently.  In Venice, Stephanie Hollman of “The Real Housewives of Dallas” has sold a newly transformed home for $5.61 million. That’s...

  • 2017: What's next in housing

    2017: What's next in housing

    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...

  • Developer details high-rise residential, retail plans for historic L.A. Times property

    Developer details high-rise residential, retail plans for historic L.A. Times property

    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...

  • Your apartment might make a great condo

    Your apartment might make a great condo

    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. ...

  • What $1 million buys in Beverly Crest, Hollywood Hills and Sherman Oaks

    What $1 million buys in Beverly Crest, Hollywood Hills and Sherman Oaks

    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...

  • 'Celebrity' real estate ties can be shaky — or even unreal

    'Celebrity' real estate ties can be shaky — or even unreal

    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...

  • Feds crack down on deceptive reverse-mortgage ads

    Feds crack down on deceptive reverse-mortgage ads

    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...

  • Marijuana REIT prices IPO, shares drop early on

    Marijuana REIT prices IPO, shares drop early on

    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...

  • Homes in Eagle Rock, La Canada Flintridge and Topanga for about $900,000

    Homes in Eagle Rock, La Canada Flintridge and Topanga for about $900,000

    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...

  • Luxury developers are painting the town green to cater to the eco-conscious

    Luxury developers are painting the town green to cater to the eco-conscious

    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...

  • San Diego economy flat going into election

    San Diego economy flat going into election

    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,...

  • Steven Mnuchin, Donald Trump's choice for Treasury, is already a polarizing figure

    Steven Mnuchin, Donald Trump's choice for Treasury, is already a polarizing figure

    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...

  • Trump taps Wall Street executive and Hollywood producer Steven Mnuchin for Treasury secretary

    Trump taps Wall Street executive and Hollywood producer Steven Mnuchin for Treasury secretary

    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...

  • Median home price in San Diego County surpasses $500,000

    Median home price in San Diego County surpasses $500,000

    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...

  • Southern California home prices jump, U.S. values surpass bubble-era peak

    Southern California home prices jump, U.S. values surpass bubble-era peak

    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...

  • A pair of 'Real Housewives' make real estate moves in the L.A. area

    A pair of 'Real Housewives' make real estate moves in the L.A. area

    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...

  • Report: SoCal to build more housing in '17

    Report: SoCal to build more housing in '17

    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...

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