Category: Real Estate News

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Downtown Los Angeles Mills Act, Lofts For Lease and 5G Map

Top 10 List of Most Interesting Downtown L.A. Loft Topics, 5G Update (Stupid and Insane?) and Reader Questions:  #dtla #millsact #lofts

5G Map Verizon with T-Mobile overlay unofficial
5G Map Verizon with T-Mobile overlay unofficial

Top Posts

Mills Act Downtown Los Angeles  3,064 Views

LOFTS FOR LEASE  168 Views

5G Map Downtown Los Angeles  146 Views

Live/Work Lofts Downtown LA vs. Residential Studio Apartments  70 Views

ALTA LOFTS Los Angeles 200 N San Fernando Rd 90031  18 Views

2 Story Lofts Downtown Los Angeles  16 Views

NEIGHBORHOODS  16 Views

Reader Questions from the World’s Smartest Real Estate Buyers, Sellers, Landlords and Renters:

How did Kerry Marsico die?

Kerry was a very well-known Los Angeles real estate agent who had lots of clients and many, many friends. While we don’t know his exact cause of death, charismatic Marsico was open about his past substance abuse issues, which leads to the possibility of an overdose.  Drugs and alcohol are the #4 leading cause of death for young people in America, and Kerry lived a particularly energetic lifestyle.

Mills Act Downtown Los Angeles Sale

Beautiful historic lofts with property tax benefits remain the #1 topic on the Loft Blog for quite some time.  It’s nice to get paid to live in an amazing urban home with dramatic character.   |   Mills Act Sold

OceanWide Plaza Trouble

We just received word this week that construction is back on track at OceanWide Plaza.  We will observe the site in person, and will report the current progress of this very important Downtown LA condo, hotel and shopping center mega project.

Elysian Valley Creative Campus

On the L.A. River, this newer rental apartment building is in a unique location, part of the creative Frog Town neighborhood of artists and entrepreneurs. Don’t miss the art walk.

Ostrich Farm Lofts Pasadena, CA

While they don’t have any live ostriches any more, Ostrich Farm Lofts does have large lofts, quiet community with clean air. www.OstrichFarmLoft.com

5G Map Update – Stupid and Insane?

Much has been said about the promising new technology being installed that allows for lightning-fast mobile data and instant video on your mobile device.  A lot is also being brought up about health and safety concerns of the millimeter waves that are already being blamed for human injuries. Many doctors call it “Stupid” and “Insane“. As the unavoidable devices are already rolling out downtown, many physicians, engineers and scientists are among those calling for more testing. Sprint has recently  announced that they’re busy adding 5G transmitters as well.

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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View of Eastern Columbia Lofts Building from Orpheum Lofts penthouse across the street
View of Eastern Columbia Lofts Building from Orpheum Lofts penthouse across street

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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Chinese Buy Fewer Los Angeles Condos, Hurting Los Angeles Real Estate

Market Update – Home sales are down significantly so far this year compared with 2018, even with lower mortgage rates. #chinese #realestate #dtla

Metropolis Los Angeles condominium complex and money from China
Metropolis Los Angeles condominium complex and money from China

REAL ESTATE NEWS

USA Today reported this week that Chinese home buyers and investors have pulled back sharply from the U.S. real estate market.  Foreign investors purchased $77.9 billion in residential property in the 12 months ending in March, down 36% from the previous 12-month period, the National Association of Realtors said in a recent report.

All told, existing U.S. home sales are down about 3% so far this year from the same period in 2018, NAR figures show.

Even before the start of the Trump Trade War, Beijing had already placed tight limits on how much capital can leave the country after its devaluation of the yuan a few years ago.  The government toughened capital controls more last year as the Chinese economy weakened. Trump’s tariff war is expected to exacerbate this trend.

California is the epicenter of Chinese residential investment in the U.S., with 34% of purchases in the state.

The largest super luxury condo buildings Metropolis and OceanWide Plaza are developed by Chinese-owned companies.  OceanWide construction has been stalled due to a pause in construction capital. A number of units hav been purchased at Metropolis, predominantly by a large percentage of buyers from China, many of them were cash buyers. The China source of buyers has partially dried up.  This can be good news for local Californians who are looking to buy a home –- a larger supply of condos, fewer competitors and a lower price than a year ago.

With China’s limits on cash that can leave the country, Chinese buyers are now searching for lower-priced homes and relying on mortgages more often. The share of their home purchases with mortgages has risen to 46% in the 12 months ending in March, from 37% the prior year, according to NAR. And more of the buyers are middle-class.

New Homes For Sale

Get a free list of luxury condos under construction in Downtown Los Angeles. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

OceanWide Plaza Los Angeles condominium complex and money from China
OceanWide Plaza Los Angeles condominium complex and money from China

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.