L.A. Housing Market Still Suffering

Richard Green of the USC Lusk Center for Real Estate recently sat down with KTLA and provided insight into why California is having such a hard time climbing out of the mortgage mess. View the entire interview he...

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U.S. Homeownership Rate at 15-year Low

U.S. homeownership rate at 15-year low By Tiffany Hsu and Alejandro Lazo, Los Angeles Times May 1, 2012 High foreclosure rates and a strong rental market pushed the homeownership rate in the U.S. to a 15-year low, even as projections for the housing market grew brighter. The 65.4% rate in the first quarter is down from the 66% rate in the fourth quarter and 66.4% in the first quarter of last year, according to the Census Bureau. Before the housing bubble burst, homeownership reached a high of 69.2% in 2004. The current rate is low compared with the last decade partly because earlier homeownership rates were inflated by people who hadn't made down payments and were really "renters with an option to buy," said Richard K. Green, director of USC's Lusk Center for Real Estate. In the...

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THO Wins Three 2012 Hermes Awards

The Hoyt Organization was awarded three Hermes Creative Awards for 2012. View the full list of winners on the official website. Hermes Creative Awards, Gold WinnerPro BonoLos Angeles Headquarters Association Hermes Creative Awards, Gold WinnerTelevision PlacementWestside Estate AgencyHermes Creative Awards, Honorable MentionAudio/PodcastGumbiner Sav...

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Shopping Centers Panel Talks Growth

RETAIL: Shopping centers panel talks growth BY TIFFANY RAY Every two hours, a new 7-Eleven is born. That’s the rate at which the convenience stores are opening in new locations worldwide, according to Don Tucker, a real estate manager for the company. Tucker was among a panel of retail and real estate experts assembled earlier this week for the International Council of Shopping Centers Inland Empire Breakfast Program. The Ontario event also featured panelists from Rite Aid, Big Lots, Smart & Final and Supervalu, the Minnesota-based company that owns Albertsons and other grocery store chains. The discussion was moderated by Bill Worsley, vice president of Lewis Retail Centers. View the entire article he...

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