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The former owner of one of the largest residential real estate brokerages in the U.S. moves further into the commercial side.
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A research firm finds that 263 properties valued at $4.5 billion are in default, foreclosure or bankruptcy. That figure is 133% higher than in January. >>
Officials fear it could hurt city revenue and also hamper their ability to lure big firms to locate there. The Planning Commission will hold a public hearing on the topic July 23. >>
Ruth co-founded Tooley & Co., whose high-profile projects included the Westin Bonaventure and the L.A. Forum. >>
REAL ESTATE
L.A.'s largest office building owner gets $160 million for the 19-story tower that was built for at least $250 million. >>
YOUR MONEY
The recession has brought down prices and created opportunities for those willing to take on risks and challenges. >>
The commercial property brokerage announces plans to raise at least $550 million selling shares in a series of stock sales to reduce its debt load of $2.4 billion. >>
REAL ESTATE
Properties in several areas are selling for less than they did 20 years ago, and that's not including inflation. Some first-time buyers are nabbing houses for less than what their parents paid. >>
Want a gigantic mansion but just can't stand paying list price? >>
Upscale shopping centers are crowding out small retail stores in the once-sleepy beach community. Residents gripe at having to drive to Calabasas or Agoura for basics like tools and undies. >>
A TIMES INVESTIGATION
The federal program sets out to help poor families buy homes. Instead, housing contractors and investors are reaping the benefits, records show. >>
January's median sales price falls 40% from a year earlier, to $250,000. As the Southland's bubble continues to deflate, the ratio of price to income has returned to historical levels, analysts say. >>
Beverly Hills
Barneys, Saks and Neiman Marcus are just the beginning of your trek through the luxury shops of this town. But there are refreshments along the way and deals to be had. >>
OUT THERE
In the inland city, sold as a sort of Napa of Southern California, as many as 15% of the 22,500 single-family homes may be bank-owned or in some stage of foreclosure. >>
To some in Boyle Heights, a work made of tiles proposed for the Hollenbeck police station contains too many Latino stereotypes. >>
The residential boom many expected in an area with 'rough edges' didn't happen. Now, condo prices are skidding. >>
The transformation of office buildings into residential addresses fuels a resurgence of L.A.'s storied boulevard. >>
As the economy takes a toll on plans, observers focus their concern on two mega-projects: Grand Avenue and Park Fifth. >>
MORTGAGES
Defaults are climbing among option ARMs. Many require minimal monthly payments and no proof of income. >>
Plan calls for 1.25% levy on all residential and commercial property policies. Foes say it is a tax. >>
Vietnamese Americans are lured to the Texas city by cheap real estate, a lower cost of living and a burgeoning cultural enclave. >>
The suicidal killer, Robert Hawkins, stole his stepfather's rifle. The killing was over before police could arrive on the scene. >>
THE ECONOMY
The White House's move to deal with the growing foreclosure rate comes amid concerns about the '08 elections. >>
REAL ESTATE
The median last month was $444,000, down 8% from a year earlier. >>
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