Nearly half of new shops in 2021 will be dollar stores. (Getty) Cost-conscious consumers have gotten the attention of retailers. Nearly half of the 3,597 stores expected to open nationwide this year will be no-frills discount shops, ...
Compass CEO Robert Reffkin (Compass, Getty) UPDATED, May 12 2021, 6:35 p.m.: The bar was set high for Compass’ first quarterly earnings report as a public company. The brokerage, which went public on April 1, reported $1.1 billion in ...
(iStock) Home prices are so high, not even low mortgage rates put them within buyers’ reach. The median sale price for most existing single-family homes was higher in the first quarter of 2021 than it was a year ago, thanks to high ...
Mohamed Hadid and 901 Strada Vecchia Road (Getty, Redfin) Mohamed Hadid’s controversial and soon-to-be-demolished Bel Air spec mansion has found a buyer after four months on the market. Developer Bruce Lifton is under contract to buy ...
Blackstone CEO Stephen Schwarzman (Getty, iStock) Blackstone Group is planning to buy about 5,800 apartment units in San Diego for more than $1 billion. The New York-based private equity and investment firm has agreed to purchase 66 ...
Where should you invest when seas are rising, temperatures and going up, and extreme weather events are looming? “There is no place on earth that is completely safe and no risk,” CBRE Global Investors’ Aleksandra (Sasha) Njagulj said ...
Gov. Gavin Newsom (Getty, iStock) Gov. Gavin Newsom wants to spend $12 billion over the next two years to address one of the biggest crises facing California: Homelessness. About $8.7 billion would go toward building 46,000 homes and ...
National chains and mom-and-pop stores are seeing increasing sales per square foot and shrinking occupancy costs (Getty) In April 2020, one month after pandemic-related lockdowns started in much of the U.S., national chains such as Ann ...
Jose Huizar has pleaded not guilty. (Getty, Department of Justice) A federal judge has again postponed former Los Angeles City Councilman Jose Huizar’s corruption trial, this time until next May. The prosecution and Huizar’s defense ...
(iStock) Covid restrictions have been loosening up across Los Angeles and California but businesses are still hurting. Now, 132 L.A. County restaurants have been awarded grants of up to $3,500 each to help them recover from the ...