In the News

Although there is a decrease in the number of deaths, the study indicates that there could be hundreds of thousands of people who could be infected without knowing it.

Preliminary results from an antibody testing program indicates the number of COVID-19 infections in Los Angeles County far exceeds the number of confirmed cases, with potentially more than 400,000 residents having been infected at somepoint, University of Southern California researchers and county health officials announced Monday.

By Dees Stribling

Financial services giant Morgan Stanley is going to occupy less office space in the post-pandemic future, CEO James Gorman said during an interview with Bloomberg TV April 16.

"With 90% of our employees at home, we've had almost no issues from our plant," Gorman said. "That's a remarkable testament to the tech and ops teams.

He didn't specify how and when such a reduction would occur, however.

By CNS News

LOS ANGELES (CNS) -Preliminary results from an antibody testing program indicate the number of COVID-19 infections in Los Angeles County far exceeds the number of confirmed cases, with potentially more than 400,000 residents having been infected at some point, USC researchers and county health officials announced today.

Local landlords say they have collected 85% to 92% of the rent due this month, calling such a decrease “survivable” —for now.

By Jeff Collins

Tustin resident Maria Henry contacted her landlord when her work hours got cut to four hours per day because of the coronavirus outbreak.

Could she pay just two-thirds of her $2,020 rent until her next paycheck arrived?

Multifamily is not immune to the effects of the coronavirus pandemic. However, it is still performing, even if it is haphazard.

By Mariah Brown

By Joseph Pimentel

Much like during the Great Recession, multifamily owners could see a steady demand for their units during the coronavirus pandemic and its attendant fallout. But where will people feel comfortable living once the pandemic is over?

By Greg Cornfield

Average multifamily rents dropped last month in Los Angeles, showing the coronavirus’s potentially stark chilling effect on the region’s multifamily growth.

Apartment rents fell to $2,499 in March, down from $2,524 in February, according to a new report from RENTCafe. It’s an abrupt drop for a market that has been gradually increasing sinceOctober 2010. The March decrease is the most significant month-to-month drop by percentage in L.A. since April 2010, or in the last 10 years.

By David Wagner

With April 1 now here, millions of Californians are confronting a familiar ritual in unfamiliar times: paying rent.

About a third of Los Angeles renters were already spending half their income or more on housing alone —and that was before many lost their income in the wake of coronavirus-related business closures.

Some are weighing rent versus food. Meanwhile, many landlords are in their own financial bind.

'THERE'S NO ANSWER FOR ANYBODY RIGHT NOW'

By Greg Cornfield

With a shutdown city, Los Angeles Mayor Eric Garcetti on Monday continued his wave of emergency measures to protect tenants, this time by freezing rent increases for a majority of the city’s rental units, and extending a moratorium on evictions.

By James Cutchin

Ahead of passage of the federal government’s coronavirus rescue package last week, uncertainty roiled the commercial mortgage market and prompted at least one executive to warn of grim prospects.

Thomas Barrack, founder and chief executive of downtown-based real estate investment firm Colony Capital Inc., expressed concerns in a blog post that the pandemic could cause business closures and evaporating cash flows. That, he said, could result in a wave of borrower defaults.