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LAMF News
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02/09/2007 @ 10:00 AM |
New Listing: 1328 Waterloo St |
Los Angeles |
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02/21/2007 @ 8:15 PM |
Peter Ciriello Elected Chairman Board of Directors for Beacon Communtiy Medical Center |
Koreatown |
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05/24/2007 @ 3:16 PM |
Catalina Goes Non-Contingent |
Los Angeles |
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05/29/2007 @ 10:59 AM |
Peter Lists a Development Deal in Silverlake |
Los Angeles |
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11/14/2007 @ 11:30 PM |
Expanded 1031 Time Frames due to CA Wild Fires |
Los Angeles |
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07/08/2008 @ 3:58 PM |
NAR - Commercial Real Estate Outlook |
Los Angeles |
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10/03/2008 @ 4:29 PM |
Bailout Will Help, but Pitfalls Remain |
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CoStar Commercial Real Estate News Feeds
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Arcadia Walgreens Fetches $7.7M
Oakland, CA-based real estate company Burge Pacific Enterprises purchased the Walgreens at 245 - 253 E. Foothill Blvd. in Arcadia, CA, from J. W. Rich Investment Co. for $7.69 million, or about $610 per square foot.
The 12,610-square-foot retail pharmacy...
CoStar's Daily Deals of Note for Monday
BOSTON
Verizon Sells Downtown Boston Tower for $192 Million
by Hansen Padmore
Verizon has closed on its sale of the 600,000-square-foot tower at 185 Franklin St. in Boston to a joint venture that includes investment advisor Kennedy Real Estate Counsel...
MagTek Sells HQ Bldgs. to H&A Shoes
Electronic transaction products developer MagTek sold two industrial buildings on Annalee Ave. in Carson, CA, to H&A Shoes in separate negotiations.
20725 Annalee Ave., a 23,520-square-foot distribution center, sold for $2.52 million, or $107 per square...
Bixby Sells Long Beach Auto Shop for $4M
Bixby Land Co., an Irvine, CA-based REIT, sold the auto repair shop at 1775 Ximeno Ave. in Long Beach, CA, to a private trust for $4.1 million or about $190 per square foot.
Completed in 1956, the 21,500-square-foot retail building is in Long Beach...
CMC Steel Purchases Facility for $4M
CMC Steel Fabricators acquired the industrial building at 215 S. York Place in Claremont, CA, from a private trust for $4 million, or $397 per square foot.
The 10,069-square-foot manufacturing facility was completed in 1982 at the corner of York Place...
Glendale Multifamily Fetches $7.1M
The 32-unit apartment complex at 615-621 Milford St. in Glendale, CA, sold for $7.13 million, or about $222,700 per-unit in a sale between private investors.
The 30,052-square-foot multifamily property was built in 1987 and features eight one-bedroom...
Watch List (Sept. 28-Oct. 4): Tishman Speyer/Blackrock Deal Downgraded
In this week’s issue:
$5.4 billion multifamily purchase slow to meet expectations.
GE to cut real estate holdings by $10 billion.
Hotel demand falling, supply increasing.
SWFs expected to increase CRE spending.
Plus, we give you one bonus item and...
Under Contract (Sept. 28-Oct. 4): On Again, Off Again
In this week’s issue:
AIMCO's stop and go sales.
Plus we give you the latest properties Under Contract in: Fremont, Sacramento, Santa Monica and Walnut Creek, CA; Denver, CO; Schaumburg, IL; Silver Spring, MD; Tecumseh, MI; Eden Prairie, MN; St. Charles...
Property Finance (Sept. 28-Oct. 4): Bank Consortium Backs Forest City DC Project
In this week's issue:
Forest City lines up construction financing for DC project.
Plus we give you new property finance deals and a valuable leads list of lenders funding office acquisitions and loans maturing in the next 12 months in: Los Angeles,...
Updated: Closures & Layoffs (Sept. 28-Oct. 4): HP + EDS = -13,000
In this week's issue:
HP to layoff 13,000 in EDS merger.
Hanesbrands stripping U.S. operations.
Lydall consolidating to North Carolina.
Plus we report on company closures and layoffs in: California, Florida, Georgia, Indiana, Mississippi, New Jersey...
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LA Times Business News Feeds
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Investors, banks shaken up
Huge swings force some to sidelines.
Less than an hour after the stock market closed Monday with a record 777-point drubbing in the Dow Jones industrial average, financial planner Mark Wilson got an anguished call from a longtime client.
Nice bailout. Now what else you got?
With Uncle Sam now about to make good on a $700-billion bailout for the financial system, Wall Street on Friday looked like an ungrateful child.
Wells Fargo offers to buy all of Wachovia for $15 billion
Citigroup objects, citing its own agreement Monday to acquire the troubled bank but not its mutual fund units and its brokerage arm, Wachovia Securities.
Wells Fargo & Co.'s agreement to acquire troubled Wachovia Corp. for $15 billion is a dream deal that bank analysts have discussed for years: a marriage of the strongest regional bank west of the Mississippi with a powerhouse in the Eastern and Southeastern United States.
Reversal of fortune: House approves $700-billion bailout bill
Four days after rejecting a similar plan, the House of Representatives approves the measure by a 263-171 vote. Bush quickly signs the bill into law.
The House of Representatives approved the $700-billion Wall Street bailout Friday, setting in motion the biggest government intervention in the financial system since the Great Depression.
A home page for bidding on foreclosures
Some firms see a place for an online market in distressed properties. Drawn by the convenience, faraway investors won't know what they're getting into.
As the nation prepares to pay the price for years of unfettered property speculation, a collection of online companies is hoping to cash in on an oncoming wave of foreclosure sales by auctioning distressed homes online -- with significant consequences for homeowners as well as purchasers.¶ Next month, Duval County in Florida will be the first in the country to hold an Internet foreclosure auction, forgoing the traditional courthouse sale in the hope of attracting buyers from other areas. ¶ If the sales proceed and other states sign on, it will be an earth-shifting change in the way foreclosures are handled because it will eliminate a key requirement meant to protect homeowners from unscrupulous lenders. ¶ By law in California -- and every other state save Florida -- lenders may not simply claim that a homeowner has defaulted on payments and move to take over the house. Instead, they must hold a public sale, in the county where the property is located, after notice has been provided to the borrower and the sale has been advertised. ¶ Internet sales will also have important ramifications for bidders. ¶ Because potential buyers may be out of the area, many won't be able to fully research the properties and might wind up, as happens even in courthouse sales, finding faucets with no running water, foundations that are crumbling and even the occasional corpse.
$10.1-trillion national debt? Let's cut taxes!
Even when trying to save the economy, Congress can't resist its pork addiction.
Even before the current financial crisis, a federal budget deficit of nearly $500 billion was projected for next year. Now an additional $700 billion has been committed to bailing out Wall Street, not to mention as much as $200 billion for mortgage giants Fannie Mae and Freddie Mac.
How I Made It: Peter Y. Levin
It's never too early to draft a game plan for your career -- the chief of a tech investment group and co-owner of football team Chicago Rush began his at 19 in Creative Artists Agency's mail room.
The gig: Levin is chief executive of GYL, a Santa Monica technology investment portfolio focused on digital media companies and video game platforms. He serves as a board member for online virtual world Habbo Inc.; in-game advertising company Double Fusion Inc.; Power Challenge, a maker of multi-player sports games; and game developer Mind Control Software Inc. Levin is also the founder and co-owner (along with former Chicago Bears coach Mike Ditka) of the Arena Football League's Chicago Rush team; a managing partner in Palisades Baseball, which owns and operates two minor league baseball teams; and minority partner in and strategic advisor to Strikeforce, a mixed martial arts promotional entity.
Blog: Is that all there is? Bailout in hand, markets want more
U.S. loses 159,000 jobs in September, worst one-month drop in five years
Economists say the accelerating pace of unemployment, combined with the most severe credit crisis since the Great Depression, makes the label of 'recession' increasingly likely.
As the presidential election season nears its climax, there is growing evidence that the country is slipping into the deepest recession in decades.
Government's bailout path a maze of unknowns
Treasury will have a tough time divining the value of the complex mortgage securities and ensuring a fair deal for taxpayers.
Now comes the hard part.
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