Katerina Krumwiede wasn’t looking to move.
She and her husband, Rob, recently spent “well over” $100,000 on a complete remodel of their Encino house that added a backyard gazebo, custom kitchen countertops, new roof and imported bathroom tiles from Spain.
REAL ESTATE: PHILANTHROPY IS A ‘FACT’ FOR IRVINE FIRM
By Katie Murar
Irvine-based FivePoint Holdings LLC (NYSE: FPH) is doing holiday gifts differently this year.
Rather than hold an event or gift items to its 165 employees, the company is instead giving checks to each employee to be used for donations to a cause of their choice.
The entertainment capital of the world is also at the heart of the e-commerce boom. As major job generators, the two sectors will likely form the foundation of L.A.’s recovery.
By Greg Cornfield
How many times and how many ways can you say, “What a year?”
As Los Angeles closes the chapter on a tumultuous 2020, it’s time to look at what worked and what didn’t. It’s time to look at the trends that came and went, the deals that defined the year, and how the pandemic changed the landscape.
At least three million renters who were employed last March lost their jobs and were still out of work in November.
By Les Shaver
The recent stimulus will help millions of renters.
By Alivia McAtee
Of all the ways to reduce your monthly mortgage payment, recasting might be the simplest.
The catch? You’ve got to have a large sum of money on hand to put toward your mortgage balance. But if you’ve got the money, a mortgage recast could reduce your monthly payments and help you pay off your home faster.
By Les Shaver
Don’t expect significant increases in apartment rents in the first half of 2021.
By Ellen Chang
By Richard K. Green, Anthony W. Orlando and Susan M. Wachter
One of the few bright spots of the COVID-19 recession has been the mortgage market, the epicenter of the last economic catastrophe. In the midst of this crisis, mortgage lending is humming along quietly and steadfastly. Like Arthur Conan Doyle’s dog that did not bark, there is much to learn from a mortgage market that does not crash.
By Howard Fine
L.A. County’s economy can expect a modest boost from the election of Joe Biden as president, though some industry sectors are poised to gain more than others.
The region’s health care, tech, trade and renewable energy industries may fare better under a Biden administration, along with businesses that are reliant on immigrant labor.
By Bianca Barragán
Before the coronavirus pandemic, Los Angeles’ multifamily market was humming and 2020 rents were forecast to rise. The year hasn't played out as expected.
Now, as they watch vacancy rates rise and average rents fall in Los Angeles, many property owners, developers and market-watchers are also keeping a close eye on the value of LA’s multifamily properties.