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Главная » 2013 » Декабрь » 06
Catherine Wagley


The intersection of Santa Monica Boulevard and Highland Avenue becomes a new art district

"I can’t wait for it to be perfect,” says Shaun Caley Regen, who has just led the way down from the roof of her still-unfinished new building at 6750 Santa Monica Blvd.

For more than 20 years, Regen has run Regen Projects, a gallery that melds smarts and style in a way that feels definitively L.A. but has an international reputation, in West Hollywood’s modish design district. But she has never owned any of the Almont Street buildings she’s occupied. Rent was month-to-month on one building, and her staff barely fit into the offices it had. She had been looking f ... Читать дальше »
Категория: Los Angeles | Просмотров: 237 | Добавил: rostowskaja | Дата: 06.12.2013

Downtown L.A.'s Underwater Home Mortgage Crisis

It was called smart growth, but the lofts/condos are worth far less than their mortgages

By Hillel Aron Thursday, Jul 26 2012

In many movies, downtown Los Angeles is a stand-in for New York City. Its nooks and crannies mimic that most urban of American cities, and Ramon Garcia's condo on Seventh and Spring streets is no exception. His seventh-floor window overlooks a courtyard in the Bartlett, a 1911 bank designed by the architects who planned City Hall, and his 550-square-foot residence is smaller than a racquetball court.

But one detail would be unthinkable in New York. If he sold it, Garcia estimates he'd get $105,000 — half what he paid in 2005. While 30 percent to 60 percent of the Inland Empire's homes have "underwater mortgages," making th ... Читать дальше »
Категория: Los Angeles | Просмотров: 272 | Добавил: rostowskaja | Дата: 06.12.2013

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