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A law barring monthly rents of more than $10,000 for new listings is stopping high-end homes from going on the market, real estate agents and brokers say. Such homes could be in demand for wealthy ...
The Ellis Act (California Government Code Chapter 12.75) [1] is a 1985 California state law that allows landlords to evict residential tenants to "go out of the rental business" in spite of desires by local governments to compel them to continue providing rental housing.
In many of the communities where inclusionary zoning has been put into practice, income requirements allow households that earn 80–120% of the median income to qualify for the "affordable" housing. This is because in many places high housing prices have prevented even median-income households from buying market-rate properties.
During the 1990s, Palmer focused on building more than 2000 market-rate housing in downtown Los Angeles and its suburbs. [ 9 ] In 2001, Palmer completed the 632-unit Medici, the first of a series of downtown Italian-inspired apartment blocks situated beside freeways, [ 10 ] [ 11 ] which coincided with a revival of downtown Los Angeles . [ 12 ]
Josh Altman, star of the reality tv series "Million Dollar Listing Los Angeles" and Altman Brothers Real Estate co-founder, takes issue with the new law. “Yeah, of course, it's great because it ...
You may know her as the Barbie-like figure landing multimillion-dollar deals for a Los Angeles–based luxury real estate firm on Netflix’s hit TV series Selling Sunset.But Emma Hernan was a ...
The firm started with fewer than 10 attorneys at its founding and grew to 105 in the 1980s because of a strong Los Angeles real estate market that allowed the firm to manage many real estate agreements such as joint venture contracts between banking institutions and international investors. [5] Around 75% of its work was in real estate in 1990. [6]
The Housing Authority of the City of Los Angeles (HACLA) is a state-chartered public agency. Established in 1938, HACLA provides the largest stock of affordable housing in the city Los Angeles, California and is one of the nation's oldest public housing authorities.