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The number of distressed properties that may soon hit the market declined in January, according to a new report. The nation’s so-called shadow inventory fell to 2.2 million units in January, an 18% drop from the same month a year earlier, real...
Los Angeles homebuilder KB Home, one of the largest production homebuilders in Southern California, narrowed its loss to $12.5 million in the first quarter as the outlook for new construction improved. While still in the red, that loss was an...
Tags: House Building
KB Home and Nationstar Mortgage Holdings Inc. are forming a joint venture that will offer home loans to KB customers across the country, so they can shop for a house and a mortgage at the same time. Nationstar, of Lewisville, Texas, agreed last year...
Tags: Corporate Officers, Joint Ventures, Finance, Loans, Mortgages
An apartment complex with small units intended to appeal to young people eager to get away from roommates and parents into a place of their own is nearing completion in downtown Glendale. The $34-million mixed-use project named Eleve Lofts & Skydeck is...
Tags: Rick Caruso, Real Estate Buyers
KB Home plans to build more than 100 residences in the final phase of the Playa Vista community near Marina del Rey. KB Home bought land from Brookfield Residential Properties Inc., the new master developer of Playa Vista. Brookfield gained command of...
Tall, sinewy women, their necks thin and erect, mingle in wispy dresses on the arms of broad-shouldered men under the twinkling white lights of the canopied back patio at the Beverly Hills Four Seasons. As dusk fades and cocktails are served, the black-...
When it comes to creating value, Occidental Petroleum Corp. Chief Executive Stephen I. Chazen beats out other Southern California business leaders, according to a new report from Pepperdine University. Chazen helped his Los Angeles company pull in $3.4...
Indications that the housing market is shaky but generally improving are continuing to roll in: February’s pending home sales – which represent signed contracts for home purchases – are up over the year but down from January, according...
Bank of America: Lenient landlord? The bank is launching a pilot program that would allow customers with underwater mortgages to avoid foreclosure by becoming renters. In its testing stages, the Mortgage to Lease program will involve fewer than 1,000...
Tags: Rentals, Homes, Real Estate, Real Estate Sellers, Mortgages
So much for the glut of glowy economic news: The housing market remains wobbly as new home sales slipped for the second month in a row, sinking 1.6% in February. Sales of new properties for single families dipped to an annual rate of 313,000 from...
Chamber of Commerce interim Executive Director Kristine Thalman finds working and living in her hometown exhilarating, if a little demanding. "You have a vested interest," said Thalman, who has headed the chamber staff since last September. "It is...
Tags: Diane L. Harkey, Local Government
KB Home is celebrating the grand opening of its newest community, Berkshire Place, Saturday, Jan. 14, from 1 to 4 p.m., 8601 Summer Waves Way, in Laurel. The public is invited to see the townhouse designs and participate in a cake decorating class by...
Mar 26, 2013 |Story| Los Angeles Times
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Jan 19, 2012 |Story| Coastline Pilot
Jan 12, 2012 |Story| Baltimore Sun
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