State Farm General got its wish to hike home insurance rates by an average of 22 percent. The news comes weeks after being straight-armed by California’s chief insurance regulator for a request to increase rates because of the Los ...
Forever 21 is preparing to potentially close hundreds of stores, including more than a dozen in Southern California, as part of its ongoing bankruptcy. The Los Angeles-based apparel firm, hurt by plunging sales and competition from ...
Landlords in Los Angeles and Orange counties have jacked up rents at more than twice the national rate since a firestorm early this year torched more than 12,000 homes. Rents in January and February rose 0.7 percent across the region — ...
Top developers in Orange County are selling fewer homes, with deals plunging in the double digits because of fewer places to build. The top 13 builders in the county last year sold a combined 2,253 attached and detached homes, down 23 ...
A lender has purchased an 83,000-square-foot Koreatown shopping center at a bankruptcy auction after landlord Jake Sharp Capital defaulted on a $52.5 million mortgage loan. The lender, an affiliate of Seattle-based Columbia Pacific ...
The first to retreat was Beverly Hills, which laid down its arms in the battle against the state builder’s remedy. And now La Cañada Flintridge, which threw in the towel after a two-year fight. The La Cañada Flintridge City Council ...
Los Angeles County voters favor building dense apartments in urban areas in exchange for allowing fewer homes in fire-prone areas. To compensate for restricting homebuilding in fire-prone communities, county voters backed greater ...
Contract activity in Los Angeles County staged a comeback, with the condominium market last week leading the way out of a sluggish period. “This week’s report is all about condos, with our return to normal volumes being bolstered by ...
Jamison Services has landed a $50 million loan to refinance a 157-unit apartment building in Koreatown. The unit of locally based Jamison Realty led by Jaime Lee secured the refinancing for The Roya, the six-story complex that opened ...
The owners of scores of torched homes from Altadena to the Pacific Palisades are cashing out. A forecast landslide of listings related to the January firestorms that burned more than 12,000 homes in Los Angeles County has picked up ...