Cracks and Opportunities in Downtown Los Angeles Housing Market

What’s happening in Downtown Los Angeles real estate?  #dtla

Oceanwide Plaza Under Water?
Oceanwide Plaza Underwater? Construction cranes collect dust.

What are People Thinking and Doing?   Are builders going bust? Loft and condo buyers, sellers, landlords and renters – Here’s what are they are really up to.  Historic lofts with property tax benefits continue to dominate Downtown L.A. real estate.  Renters are the most active in numbers looking for a place in DTLA.  Live-work industrial condos are all the rage as would-be urbanites learn how to distinguish a small loft from a studio apartment.  Alta lofts meets many a budget as two large lofts come up for sale, including the lowest price on a sprawling 1,700 sq ft 2-story unit.

The biggest news is the mixed real estate market.  The median condo price is down 1.65% while the average loft price is actually higher.  Oceanwide Plaza appears to be stalled while most other projects are making great progress.

OCEANWIDE PLAZA NEWS

As we observed the Oceanwide Plaza construction sight today, we could see no construction workers on the property. Also, the cranes were not moving at all from what we could observe.  In February, the L.A. Loft Blog reported that the mega-project was stalled, but the developer promised to have construction ramped up and running again within weeks.  Five months later, we don’t see any progress.  On what should be a productive Friday morning at 10:00 AM, we see nothing… not a single bit of activity at the site.  This while neighboring projects proceed at a brisk page.  Oceanwide’s expensive cranes sit idle while others in the area can be seen moving right along.  A block away, 1133 S Hope St cranes are at work, wizzing and whirring.

While the U.S. property market shows a mixtures of booming and tapering, the Chinese economy is sputtering dramatically, succumbing to a dangerous level of downward pressure.  After six months dominated by stagnation, the massive Oceanwide Plaza project might be presenting a rather sizable worry for DTLA real estate. The most likely culprit is China’s poorly covered-up economic doldrums leaking into Oceanwide.  A recent scarcity in funds available to Chinese companies behind the project may be worsening as China’s overall economy could be presenting an ocean of anxiety for the developer and backers of the tremendous Plaza project.

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Downtown Los Angeles construction hums along for most projects in South Park

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.

 

Corey Chambers SoCal Home July 2019 Newsletter Happy 4th of July

SoCal Home News Letter July 2019

Corey Chambers Real Estate Downtown Los Angeles

Happy FREEDOM Month! 

As you know July is our nation’s birthday month. If you are like me, you celebrate it daily. You are undoubtedly familiar with how it all started: 

In CONGRESS, July 4, 1776  #coreychambers #realestate #news #chla

The unanimous Declaration of the thirteen United States of America, “When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.” 

This, of course, is the Introduction to The U.S. Declaration of Independence. Wikipedia explains it this way:  The introduction asserts as a matter of Natural Law the ability of a people to assume political independence; acknowledges that the grounds for such independence must be reasonable, and therefore explicable, and ought to be explained.  The next section of the declaration is called the Preamble. It outlines a general philosophy of government that justifies revolution when the government harms natural rights. We are very familiar with the first part of that section… right? 

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. 

Beautiful famous words. Those words really come to life for us when you consider the idea of owning real estate, especially your own HOME.  

Your Referrals really do help the kids!
Your Referrals really do help the kids!

Which leads me to the next part of the Declaration of Independence, called the Indictment.  The Indictment is a bill of particulars documenting the king’s “repeated injuries and usurpations” of the Americans’ rights and liberties. And if you read the document it is a long list of wrongs for sure. My guaranteed sale program is a solution to ‘wrongs’ in real estate for homeowners experiencing the Catch 22. In fact, this is how successful businesses are built. Identify something that is a problem for people and solves it. 

Go Serve Big!!! 

Our Philosophy of Giving Back!

SO, YOUR REFERRALS REALLY DO HELP THE KIDS! 

Who do you know considering buying or selling a home you could refer to our real estate sales team? Not only will they benefit from our award-winning real estate service, but a very worthy cause will also benefit as well. To refer anyone considering buying or selling a home just give me a call or pass on my number. 213-88-9910 Thank you in advance for your referrals! 

In today’s market, many homeowners really want to make a move but are finding themselves in a catch 22 – whether to sell first or buy first. They don’t want to end up getting stuck owning two homes or none at all.  My solution to this dilemma is this guarantee: “Your Home Sold Guaranteed at a Price Agreeable to You or I’ll Buy It*”

I want to openly wish our great country a happy birthday and Thank you for checking out this month’s The SoCal  Newsletter.  With Your Home Sold Guaranteed Realty, Your Referrals Help the Kids! 

 

 

 

Corey Chambers

Your Home Sold Guaranteed 

213-880-9910

P.S. Talk about Pursuit of Happiness! Check out the story of this young person.

As you know, we love making guarantees! 

Like our Buyer Satisfaction Guarantee: Love the home, or we’ll buy it back! Or our Seller Guarantee: Your Home Sold or  We’ll Buy It! And we guarantee that a portion of our income WILL  go to support Children’s Hospital of Los Angeles!

Call me today for a free consultation.   I am here to help with your real  estate needs.  Corey Chambers  213-880-9910 coreychambers@yahoo.com

A real estate company with experience, proven results, and a give-back philosophy!   Over the last two decades of helping thousands of families sell their home and/or buy another, we have met some wonderful, loving, caring people.   People like you! So your referrals can rest assured that not only will they get the award-winning service we are known for, and the guarantee to back it up, but that a solid portion of the income we receive will go toward a worthy charity in our community: Children’s Hospital of Los Angeles.   Refer your friends, neighbors, associates or family members considering making a move: 

1 You can fill out the enclosed response card with someone you know considering a move, and mail back to me. 

2 You can pass along our business card to them. I have enclosed a couple here for that.

3 You can go to www.ReferralsHelpKids.com and enter their contact info online, or forward the link to someone you know considering a move. 

4 Of course, you can always call me direct as well at 213-880-9910 


Adrian Finds Freedom in New Epilepsy Playroom

www.yourreferralshelpthekids.com

By Katie Sweeney

If you see 4-year-old Adrian obediently eating his vegetables at Children’s Hospital Los Angeles, you can be sure of one thing: It’s almost time for him to go to the hospital’s new epilepsy playroom. “We’re able to negotiate almost anything with him if it’s time for the playroom,” says his mom, Iris, laughing. “He really looks forward to it. We can get him to take a bath; we can even get him to eat vegetables!”  The playroom is close to Adrian’s heart for good reason. During the days he has to be in CHLA’s Epilepsy Monitoring Unit (EMU), he’s stuck in his room most of the time—hooked up to equipment that helps his doctors watch and record his seizure activity, 24 hours a day.  In the playroom, though, Adrian is free to be a kid again. His favorite activities are “grilling” chicken kabobs in the playroom’s kitchen (complete with sizzling sound effects) and filling a “Connect Four” game rack with chips—and then gleefully watching the chips fall to the table.  For Adrian, it’s all fun and games. But behind the scenes, doctors are measuring every second of his brain activity—and watching for seizures.

Wired for epilepsy

The playroom, which opened earlier this year, is the only epilepsy monitoring playroom in Southern California and one of only a few in the country. It’s the realization of a career-long dream for Deborah Holder, MD, Director of the Comprehensive Epilepsy Center at CHLA.

Corey Chambers Team, Your referrals help the kids.

“I’m so excited,” Dr. Holder says. “Before, children in the EMU had to stay in their hospital room the entire time, up to two weeks for some patients. Being able to go to the playroom now is a huge motivator for them.  ”Typically, EMU patients are monitored in their rooms via video cameras and EEG electrodes, which record their brain waves and detect seizure activity 24 hours a day. But now, a nearby hospital playroom has been wired with that same technology—ceiling-mounted video cameras and Bluetooth-enabled EEG equipment. That allows EEG technologists, located in a control room down the hall, to monitor patients’ brain waves and watch their every move as they play—correlating brain wave activity with clinical signs of seizures. The only time patients aren’t recorded on video is when they’re walking to and from the playroom. But even then, EEG data is recorded and stored on a tiny battery pack, which fits inside a lightweight backpack the patients wear. No data is ever lost.

“Advances in technology, with everything getting smaller and lighter and more portable, are what make wiring a playroom like this possible,” Dr. Holder says. “Children’s Hospital saw my vision and made it happen.”

The playroom is staffed by CHLA’s Child Life specialists, and epilepsy patients have a special hour of the day when they visit. (Other hospital patients use the playroom—with cameras turned off—during the other hours.). Besides giving families a break from their hospital room, the playroom offers patients a chance to meet and play with other children who have epilepsy—often for the first time. Meanwhile, doctors can monitor seizures while kids are at play, not just relaxing in their rooms.  “It helps us simulate that more normal environment that they’d have if they weren’t in the hospital,” Dr. Holder says. “We actually want patients to have their typical seizures when they’re in the EMU, so we can record them, see where they’re coming from in the brain and ultimately achieve better seizure control.”

Tiny, subtle seizures

Adrian’s journey with epilepsy started in October 2017, when he was just 2 ½. Prior to that, he had been a healthy, active toddler who loved to run and play outside.  But one day at the park, his parents—Iris and Marc—noticed that he seemed clumsy. Every time he ran to kick the ball, he’d stumble. A couple of weeks later, he fell at daycare and had to go to a local emergency room.

Multiple tests came back normal, but Adrian continued to have episodes of clumsiness and imbalance—called ataxia—and would sometimes have tremors as he slept. After several months under the care of a neurologist, he was referred to Wendy Mitchell, MD, a pediatric neurologist at CHLA.

Dr. Mitchell immediately suspected that Adrian was actually having seizures. A short stay in CHLA’s EMU confirmed it: He was having thousands of small seizures a day. The diagnosis: epilepsy. Some of his seizures are really tiny,” Dr. Mitchell explains. “I can see them very subtly, but even I can’t pick up all of them. Sometimes it’s just a little tiny head nod or a momentary stare.”

Research has shown that inpatient video EEG monitoring can be critical for diagnosing children with epilepsy and in guiding treatment decisions. A 2011 paper in the journal Seizure, for example, found that this monitoring led to a diagnosis in more than 90% of pediatric patients and resulted in treatment changes in 66% of children studied.

Regular EMU stays are important for Adrian because his seizures are difficult to manage and detect. “The video EEG monitoring tells us how many seizures he’s having, and it gives us a detailed picture of exactly what he does when he has a seizure,” Dr. Mitchell notes.

Adrian’s mom says she is grateful for the care Adrian is receiving at CHLA. The hospital’s Comprehensive Epilepsy Center has level 4 certification—the highest available from the National Association of Epilepsy Centers—and offers a full range of diagnostic care and treatment options for epilepsy.

“I feel like we have the experts looking at our child,” Iris says. “They’re really fighting for Adrian.”   The playroom, of course, is an added bonus.  “It’s a lot of help for us because otherwise, we’re stuck in the hospital room,” she adds. “A 4-year-old wants to do things! The playroom allows him to just be a kid again.”

How you can help:

Refer your friends, neighbors, associates or family members who are considering making a move:

www.ReferralsHelpKids.com or call Corey at 213-880-9910

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

Lofts For Sale                Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE UNDER $500,000  |  $900,000  |   Top Luxury
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

Story and photos courtesy Children's Hospital Los Angeles
Story and photos courtesy Children’s Hospital Los Angeles

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.