Expert Says Retail’s Problems Are More Than Just E-Commerce
Julie Littman
E-commerce is often blamed for retail’s downward spiral, but socioeconomic factors also are impacting consumer spending and retailers’ bottom lines. Income inequality, marital status and millennials are changing spending patterns in the U.S. and not necessarily in a good way.
Tech Is Booming, But Lack Of Affordability Is Pushing Everyone Else Out, CRE Experts Say
Julie Littman
It is no secret Bay Area housing prices are expensive. Recent data revealed three counties now have average housing prices above $1M. Housing dynamics remain strong, but a lack of affordability could be a problem in the long run. And rents and pricing do not appear to be heading downward any time soon.
Is A Bubble Forming In The Bay Area? Not Exactly, CRE Experts Say
Julie Littman
It is no secret Bay Area housing prices are expensive. Recent data revealed three counties now have average housing prices above $1M. Housing dynamics remain strong, but a lack of affordability could be a problem in the long run. And rents and pricing do not appear to be heading downward any time soon.
Check Out Wren, the First Part of a $1.2 Billion Investment
Nicholas Slayton
DTLA - Five years ago, jaws in Downtown Los Angeles dropped when news broke that six acres of South Park land had been sold for $80 million. Amazingly, that $80 million now seems like a drop in the bucket. That’s because developer Mack Urban just opened the first property in what will ultimately be a six-building, $1.2 billion vision to transform the area around Grand Avenue and Olive Street.
This Week's LA Deal Sheet
Karen Jordan
Related California CEO Bill Witte was named vice-chair and FivePoint Holdings CEO Emile Haddad was named chairman of the USC Lusk Center for Real Estate's advisory board.
The announcement comes in light of the retirement of E&Y Kenneth Leventhal Real Estate Group's former vice chairman, Stan Ross, who served for 18 years as chairman of the Lusk Center advisory board.
Emile Haddad, Bill Witte Assume Leadership of USC Lusk Center
Connect Media
USC’s Lusk Center for Real Estate is transitioning leadership of the internationally-renowned real estate research center into new hands. FivePoint Holdings, LLC’s Emile Haddad and Related California’s Bill Witte are taking over from Stan Ross, who is retiring.
FivePoint’s Emile Haddad named chairman of USC Lusk Center
Subrina Hudson
Emile Haddad, CEO of FivePoint Holdings, has been named chairman of USC’s Lusk Center for Real Estate. Bill Witte, the CEO of Related California, has been named vice-chair.
The appointments come as the longtime head of the center, Chairman Stan Ross, announces his retirement. Ross has headed Lusk since 1999, when he stepped down as vice chairman of E&Y Kenneth Leventhal Real Estate Group.
USC Lusk Center Names Two Successors to Chairman Ross
Nellie Day
LOS ANGELES — The University of Southern California’s (USC) Lusk Center for Real Estate has announced the retirement of longtime chairman Stan Ross and the appointment of his successors, Emile Haddad and Bill Witte.
Ross chaired the Lusk Center advisory board for the past 18 years. He became chairman after retiring as vice chairman of E&Y Kenneth Leventhal Real Estate Group. Ross has enjoyed a career in real estate that spans more than 60 years.
Haddad, Witte Assume Leadership of USC Lusk Center Advisory Board
Helen Zhao
Emile Haddad, chief executive of developer FivePoint Holdings, has been named the new chairman of the USC Lusk Center for Real Estate advisory board. Bill Witte, chief executive of developer Related California, was named vice-chairman.
The appointments come as Chairman Stan Ross retires after 18 years in the role.
Haddad and Witte, longtime members of the advisory board, assumed their leadership positions June 1.
Cities can sue banks for predatory mortgage lending: Here's what that means for you
Take Two
The housing market collapsed in back in 2008, and many families here in Southern California saw their own homes collapse with it.
They were drowning because of risky mortgages peddled to them by some banks.
But just yesterday, the U.S. Supreme Court ruled that cities like L.A. can go ahead and sue banks for the damage they did.