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Study: 1-in-5 Southern California renters could afford to buy a local home

Is the “Southern California is unaffordable” message scaring off house hunters who could qualify to own? Stats from the California Association of Realtors estimate that Southern California has 576,613 renting households — roughly 1-in-5 of all tenants — with the financial oomph to buy a local residence, Now the data doesn’t tell us the thinking of this good-sized group of relatively well-paid non-owners in Los Angeles, Orange, Riverside and San Bernardino counties. But this is a demographic slic...
Tags: Business, Housing, Economy, Jobs, Real Estate, Top Stories Breeze, Top Stories IVDB, Top Stories LADN, Top Stories LBPT, Top Stories OCR, Top Stories PE, Top Stories PSN, Top Stories RDF, Top Stories SGVT, Top Stories Sun, Top Stories WDN


Controversial housing bill to move forward after compromise

A controversial housing bill that could bring taller buildings to certain California neighborhoods cleared its second hurdle Wednesday, scoring a 5-0 committee vote after several changes designed to make it more palatable to its many opponents. Senate Bill 50 gathered the votes it needed to pass out of the state Senate Governance and Finance Committee, but the bill looks different now than when it was first introduced by Sen. Scott Wiener, D-San Francisco. SB 50 would override local zoning rules...
Tags: Business, California News, Housing, News, California-legislature, Construction, Development, Housing-crisis, Real Estate, state Legislature, Top Stories Breeze, Top Stories IVDB, Top Stories LADN, Top Stories LBPT, Top Stories OCR, Top Stories PE


Investment in Southern California’s industrial properties is booming

Southern California is the nation’s top target for foreign investment in industrial properties. That’s the upshot of a new report from CBRE Research and Real Capital Analytics which shows foreign investment in the greater Los Angeles/Orange County/Inland Empire region nearly tripled year-over-year in 2018, hitting $910 million. That accounted for 6.3 percent of all foreign capital flowing into U.S. warehouses, logistics facilities and fulfillment centers last year — the most in any one region. S...
Tags: Business, Local News, Real Estate, Top Stories Breeze, Top Stories IVDB, Top Stories LADN, Top Stories LBPT, Top Stories OCR, Top Stories PE, Top Stories PSN, Top Stories RDF, Top Stories SGVT, Top Stories Sun, Top Stories WDN


California has No. 1 wage gap between middle-income pay and what wealthy earn

California has the nation’s largest wage gap between middle-income pay and what the state’s upper crust earns. I filled my trusty spreadsheet with some detailed federal pay stats by state — annual wages for all workers, as of May 2018 — to compare California’s upper-income wages (defined by the 75th percentile, where three-quarters of all wages are lower, one-quarter are above) to the state’s median wage, the statistical mid-point that can serve as a benchmark for middle-income pay. Last year’s ...
Tags: Business, New York, Jobs, News, Mississippi, California, Virginia, Massachusetts, California News, West Virginia, Sport, Economy, Soccer, North Dakota, Arkansas, South Dakota


Green Solar Technologies posts growth of 250 percent

There aren’t many businesses that claim growth of 250 percent in two years, but Green Solar Technologies can. The North Hollywood company accomplished it largely by going where other solar companies have failed to tread — or have treaded lightly. Edward Harner, Green Solar’s chief operating officer, explains it this way: Where opportunity exists “Our growth has been fueled heavily by an expansion into the Midwest and into areas with smaller populations,” he said. “Places like Montana and Wyomi...
Tags: Energy, Business, News, California, Montana, Sport, Soccer, United States, Wyoming, Commercial Real Estate, Trump, Midwest, Ac, Golden State, Solar Foundation, West Los Angeles


California bad for business? But it’s No. 1 for investment in young companies

California is the golden state for venture capital, snaring more seed money for young ventures than the rest of the nation. My trusty spreadsheet, filled with Dow Jones VentureSource stats, tells me that in this decade California not only was No. 1 for investments dollars, it also grew its share of VC cash. Companies here also saw significantly more venture deals than elsewhere in the U.S. And it’s not just Northern California. Split the state in half — say, somewhere around Coalinga — and the r...
Tags: Business, New York, California, Sport, Soccer, Dow Jones, Bay Area, Golden State, Coalinga, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze


Southern California paychecks soar with workers in short supply

Here’s even more evidence that Southern California’s running out of workers: one measure of pay shows wages are growing at the quickest pace in five years. March employment data shows the post-recession hiring spree has finally forced bosses to pay up. Average private-sector weekly earnings in March — complied from wage stats and figures on hours worked — for the region’s two metropolitan areas were rising at the fastest pace since March 2014. That came as local bosses — who’ve added workers on ...
Tags: Business, Jobs, California, Los Angeles, Sport, Economy, Soccer, Southern California, San Bernardino, Los Angeles Orange Riverside, Southern California News Group, U S credit, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB


Bubble Watch: California’s population growth trails U.S. for 3 consecutive years

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: California population growth has failed to top the national pace for the third year in a row — a rare occurrence that previously happened amid grand economic uncertainty. Source: U.S. Census Bureau Trend reported: As of July, census reports California had 39,557,045 residents — again, No. 1 in the nation — and up 157,696 in a year — the third-largest gain in the number of people. But the growth...
Tags: Business, Real Estate, Jobs, News, California, California News, Sport, Economy, Soccer, Southern California, Golden State, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF


Behind every good listing is a careful homeowner

Have you reviewed your listing online? Have you carefully read the description, scrutinized each of the fields for accuracy, checked the HOA dues against your most recent statement, and made sure your contact and showing information is correct? The last thing you want is for the information that is blasted out to hundreds, if not thousands, of websites to misrepresent or under-represent what your home has to offer. Start with the flowery, captivating, emotional, and almost poetic paragraphs your...
Tags: Business, Real Estate, Housing, Sport, Soccer, Jack, Hoa, Jill, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze, Top Stories LBPT


Why even smart people fall for scams

We live in an age where almost anything seems available and possible. Technology has brought forth many great developments on a daily basis that make living easier and better. And it’s also created instant, universal access to whatever we seek. Because of this, our mindsets are acclimated to believing that there is an answer for almost anything. If you couple this with one or more of these five factors, it places even the most intelligent people at risk for fraud. Why do smart people fall for sc...
Tags: Business, Advice, Sport, Soccer, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze, Top Stories LBPT, Top Stories WDN, Top Stories SGVT, Top Stories PSN, Patti Cotton


Commercial real estate: Is price important? 5 (surprising) reasons why it’s not

This could be the shortest column EVER! Of course, price is important. End of story. But, because I have a bit more space, allow me to offer some arguments as to why price is not important. As we’ve discussed, buyers of commercial real estate either buy to occupy (owner-occupant) or buy to collect the rents as income (investor). In the latter case, no relationship exists between the owner and the occupant — it’s strictly arm’s length. Counter with the former as an owner-operated business will so...
Tags: Business, Sport, Soccer, New Mexico, Eisenhower, Commercial Real Estate, Allen, Wham, Roger Staubach, Lee Associates Commercial Real Estate Services, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun


Holy smoke! Can you smoke cannabis at private events?

If you don’t want your work event to go up in smoke, there are some property rules you need to know when it comes to cannabis use. Now that lighting up includes smoking cannabis as well as cigarettes, do you need to be worried when you host a private event in your place of business? You normally consider this to be private property, and so you are only subject to the building rules (or your own rules if you own the building). So, is it OK to spark up anything besides the BBQ at the next company ...
Tags: Business, California, Advice, Sacramento, Sport, Cannabis, Soccer, Best Best Krieger LLP, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze, Top Stories LBPT


HOA Homefront: Homeowners want to know, can you quit an HOA?

Q: Is there a way to get out of our three-member HOA? Our home stands alone. The other two are connected. Thank you for your comment on this! — K.N., Santa Barbara A: I assume your association was established as a condominium project. Most likely the developer wanted to put more homes on the land than the zoning and Subdivision Map Act would allow. Condominiums are often a way to place more homes in a smaller space. Small associations are often pinched between the increasingly complex and burden...
Tags: Business, Real Estate, California, Housing, Sport, Soccer, Anaheim, Carlsbad, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze, Top Stories LBPT


Say goodbye to gas-powered appliances? Homebuilders jump on the all-electric bandwagon

Solar panels on the roof at Meritage Homes’ CitySquare development near Main Street in Irvine, CA. Each unit has its own 12-panel, 4-kilowatt array, although not necessarily on its own roof. “This is a communal renewable energy resource,” Meritage Home Vice President of Environment C.R. Herro said of the rooftop solar design. (Photo by Paul Bersebach, Orange County Register/SCNG) An EnergyLink solar monitor helps evaluate efficiency of CitySquare’s rooftop solar arrays. The nonprofit Electric...
Tags: Energy, Business, Real Estate, California, Housing, Environment, Sport, Soccer, Ronald Reagan, Energy Star, Vancouver, Eureka, Kitchenaid, Main Street, Kerr, Irvine CA


6 turbo-charged ideas for boosting your home purchasing power

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year fixed rate rose for the third consecutive week, averaging 4.17%, up 5 basis points from last week. The 15-year fixed rate averaged 3.62%, up 2 basis points from last week. The Mortgage Bankers Association reported a 3.5% decrease in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30-ye...
Tags: Business, Real Estate, California, Housing, Los Angeles, Sport, Soccer, Social Security, Va, San Diego, Mortgage, Ira, Orange, Freddie Mac, FHA, Laguna Niguel


Los Angeles County loses 13,241 residents, 4th biggest drop among largest U.S. counties

Los Angeles County lost 13,241 residents in the past year, the fourth-biggest drop among the nation’s 100 most-populous counties. Newly released U.S. Bureau Census population stats show the county had 10.11 million residents as of July 1, 2018 — still No. 1 among the nation’s 100 largest counties. Only Illinois’ Cook County (Chicago) and New York’s Kings (Brooklyn) and Queens counties lost more folks in the year. On a percentage basis, that population dip — equal to 0.13% — ranked the county No....
Tags: Business, New York, California, Sport, Economy, Soccer, Queens, Local News, Los Angeles County, Illinois Cook County Chicago, Southern California News Group, Top Stories LADN, Top Stories Breeze, Top Stories LBPT, Top Stories WDN, Top Stories SGVT


Port truckers misclassified as contractors awarded nearly $1.3 million in lost wages

Ten truck drivers who haul cargo at the ports of Los Angeles and Long Beach have been awarded nearly $1.3 million by the California Labor Commissioner for lost wages due to being misclassified as independent contractors. The April 10 decision from the Division of Labor Standards Enforcement orders K&R Transportation to pay the drivers for unpaid wages, unpaid meal and rest breaks, and illegal paycheck deductions based on claims filed in 2017. K&R, a division of California Cartage which was acqui...
Tags: Business, Workplace, California, Senate, America, Los Angeles, Sport, Soccer, Port Of Los Angeles, Long Beach, Puma, Los Angeles City Council, Teamsters, Southern California, Brown, Lowe


Michael Chang looks to ace the sale of his Coto de Caza home on 9.5 acres with 2 tennis courts for $8 million

Built in 1990, the resort-style home recently underwent a complete renovation. Click through the slideshow to see more. (Photo by Chris Fox) (Photo by Chris Fox) Sound The gallery will resume in seconds (Photo by Chris Fox) (Photo by Chris Fox) (Photo by Chris Fox) (Photo by Chris Fox) (Photo by Chris Fox) (Photo by Chris Fox) (Photo by Chris Fox) (Photo by Chris Fox) (Photo by Chris Fox) (Photo by Chris Fox) (Photo by Chris Fox) (Photo by Chris Fox) ...
Tags: Business, Housing, Sport, Soccer, Kei Nishikori, Chang, Costa Mesa, Newport Beach, International Tennis Hall of Fame, Chris Fox, Coto de Caza, Dana Rohrabacher, Michael Chang, Newport Harbor, Top Stories LADN, Top Stories OCR


College kids are living like kings in Vancouver’s empty mansions

Isaiah Boodhoo, 22, thought it was a “complete hoax” when he saw a rental listing on Facebook for a bedroom in a Vancouver mansion for only $825 a month (or $1,100 Canadian). It turned out the glass chandeliers, luxurious blue drapes, steam room and billiards table were for real. The nine-bedroom home, dubbed “The Castle” by the 14 students who share the property, is apparently owned by an Afghani pop artist, according to Boodhoo. “Honestly, I would stay here for as long as I could,” he said, si...
Tags: Facebook, Business, Real Estate, New York, London, Housing, China, Sport, Beijing, Soccer, Sun, Vancouver, Pink, Jerry, Vancouver British Columbia Canada, West Vancouver


‘Mystery surcharge’ boosts California gas taxes to $1.26 per gallon

With Southern California gas prices topping $4 for the first time since 2015, many have been quick to place the blame on refinery problems and a switch to the summer blend of gas. Both clearly figure into the mix. But the Golden State’s broad array of gas taxes and a “mystery surcharge” no one can quite explain placed California motorists at a disadvantage to begin with. Here’s a breakdown of what we pay in gasoline taxes, according to the California Energy Commission. All numbers except the fin...
Tags: Hong Kong, Business, Sweden, Greece, California, Office, Los Angeles, Sport, Soccer, Italy, Beverly Hills, Denmark, Norway, Orange County, Riverside County, UC Berkeley


California’s gas taxes total nearly $1 per gallon … and include a 28-cent ‘mystery surcharge’

With Southern California gas prices topping $4 for the first time since 2015, many have been quick to place the blame on refinery problems and a switch to the summer blend of gas. Both clearly figure into the mix. But the Golden State’s broad array of gas taxes and a “mystery surcharge” no one can quite explain placed California motorists at a disadvantage to begin with. Here’s a breakdown of what we pay in gasoline taxes, according to the California Energy Commission. All numbers except the fin...
Tags: Hong Kong, Business, Sweden, Greece, California, Office, Los Angeles, Sport, Soccer, Italy, Beverly Hills, Denmark, Norway, Orange County, Riverside County, UC Berkeley


On Tax Day, here’s what Americans think about taxation

Today we look at how opinions on taxes vary for Americans as the deadline to file approaches. 2019 tax frustrations Is the system fair? The Pew Research Center survey shows a slight majority of Americans think the tax system is not fair. Percentage who say the present federal tax system is: Partisan opinions The survey shows the widest partisan gap in views of fairness of the tax system in two decades. Percentage who say the present federal tax system is very/moderately fair: Almost fr...
Tags: Business, Politics, Taxes, News, California News, Infographic, Sport, Soccer, Pew Research Center, Irs, Tax Foundation, National News, Tax Freedom Day, Top Stories LADN, Top Stories OCR, Top Stories PE


Feel bad for Southern California’s tenants as vacancy tightens and rents climb

You have to feel for local renters. Their options are limited. Rents are soaring. And constructing a solution — both literally and figuratively — is nearly impossible to pull off, politically and economically. But first, let’s ponder how tough it is to be a Southern California renter when just finding an empty unit is tricky. Last year in Los Angeles and Orange counties, only 4% of the rental supply was vacant, the No. 7 tightest market among 75 major metro areas tracked in a new Census Bureau r...
Tags: Utah, Business, Real Estate, Colorado, California, Housing, Los Angeles, Georgia, Sport, Economy, Soccer, Arizona, Nevada, Southern California, San Bernardino, Don


Going strong after 45 years, Acura Grand Prix of Long Beach has its own hometown vibe

Alexander Rossi takes the checkered flag to win the 45th Acura Grand Prix of Long Beach Sunday, April 14, 2019. Pole sitter Alexander Rossi defended his 2018 Long Beach win with a flag-to-flag victory with Josef Newgarden finishing second and Scott Dixon coming in third. (Photo by Will Lester, Inland Valley Daily Bulletin/SCNG) Alexander Rossi leads the field down Shoreline Drive to start the 45th Acura Grand Prix of Long Beach Sunday, April 14, 2019. Pole sitter Alexander Rossi defended his ...
Tags: Business, News, California, Sports, Los Angeles, Sport, Things To Do, Soccer, Long Beach, Toyota, Local News, Dad, Los Angeles Angels, Motorsports, Michael, Wells Fargo


Bubble Watch: Is funding for Southern California’s startups drying up?

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: Southern California’s venture capital funding in the first quarter was off 29% vs. the start of 2018. Source: Dow Jones VentureSource Trend reported: Fledgling companies based from Santa Barbara to the Mexican border raised $2 billion in 103 deals in 2019’s first three months vs. a year earlier when 165 deals raised a first-quarter record $2.84 billion. That drop looks even worse when you ponde...
Tags: Business, California, Los Angeles, Sport, Economy, Soccer, Silicon Valley, Dow Jones, Santa Barbara, Bay Area, Southern California, Carlsbad, Irvine, Hawthorne, Culver City, Agoura Hills


With race crowds rolling in, some local residents escaped to San Clemente — on the Long Beach Grand Prix’s tab

Thousands of people snatched up tickets to the Acura Grand Prix of Long Beach as high-powered racing returned to Downtown this weekend. Some local residents, however, would gladly swap the sights and sounds of a motorsports weekend for a little peace and quiet. Race organizers are happy to oblige, paying for some downtown Long Beach residents to spend their Saturday away from the crowds clamor and cacophony. Starting way back in the 1970s, Grand Prix officials have paid to whisk away the residen...
Tags: Business, Uncategorized, Sports, Sport, Soccer, Local News, Long Beach Grand Prix, Top Stories LADN, Top Stories OCR, Top Stories Breeze, Top Stories LBPT, Top Stories WDN, Top Stories SGVT, Top Stories PSN


‘Virtual staging’ lets you decorate your home with a click of the mouse

I have my own personal soapbox, and I stand on it when I deliver my long-winded sermon on the importance of photos in the marketing of your house. See what I just did there? When you live in and love your home, it’s just that, your home. But when it’s time to sell the place where you have lived and loved and made so many memories, it is more than just your house; it’s an asset, a business decision, and a marketing project for you and your real estate agent. And the photos broadcast to millions o...
Tags: Business, Real Estate, Housing, Sport, Soccer, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze, Top Stories LBPT, Top Stories WDN, Top Stories SGVT, Top Stories PSN


Did you know Roger Staubach is largely responsible for ‘tenant rep’ role? Here’s how it works

A commercial real estate professional’s work is generally divided between listings in two ways: representing an owner or helping find a building for tenant or buyer. Today, I delve into the world of buyer and tenant representation, also know as “tenant rep.” By the way, this genre of commercial real estate practice evolved in the mid-80s and was created in large part by Roger Staubach, who went from legendary Dallas Cowboy quarterback to real estate mogul. When do you need a tenant rep broker? T...
Tags: Business, Sport, Soccer, Commercial Real Estate, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze, Top Stories LBPT, Top Stories WDN, Top Stories SGVT, Top Stories PSN


Test taker pleads guilty in college admissions bribery scam

By ALANNA DURKIN RICHER BOSTON — A former Florida prep school administrator pleaded guilty Friday to taking college entrance exams for students in exchange for cash to help wealthy parents get their kids into elite universities across the country. Mark Riddell admitted to secretly taking the SAT and ACT for students, or correcting their answers, as part of a nationwide college admissions cheating scheme, which has ensnared celebrities, business executives and athletic coaches at sought-after sch...
Tags: Business, Florida, News, Education, Abc, Stanford, Boston, Uncategorized, Sport, Fbi, Harvard, Soccer, Huffman, BRADENTON, Eric Rosen, Alanna Durkin


Earth Day cleanups at the LA River — largest such events in the U.S. — will celebrate 30th year

Perception is reality. This is undoubtedly true when talking about the Los Angeles River. What was called a concrete tomb, a 51-mile ditch bisecting forgotten neighborhoods far from the glitter of Hollywood and the verdant Santa Monica Mountains, or ignored altogether is now seen, recognized, even celebrated as a real urban river with unlimited potential. In particular, an 11.5-mile stretch in Elysian Valley that includes the Glendale Narrows has water year-round, a dirt bottom for absorption, b...
Tags: Business, Hollywood, News, La, Environment, Sport, LA River, River, Soccer, United States, Long Beach, Local News, Los Angeles City Council, Earth Day, Porter Ranch, Los Angeles County



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