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Burbank's growth did not slow as war production ceased, and over 7,000 new residents created a postwar real estate boom. Real estate values soared as housing tracts appeared in the Magnolia Park area of Burbank between 1945 and 1950. More than 62% of the city's housing stock was built before 1970. [55]
Until the late 1970s, central office code protection was maintained between area codes 415 and 408, so that Telephone numbers were not duplicated across, and subscribers could dial seven-digit San Francisco or Berkeley numbers without dialing an area code. Population growth, facsimile machines, and pagers caused demands for numbers to outrun ...
Magnolia Boulevard, originally named Magnolia Avenue, was named after the Magnolia tree. It is one of several tree-themed streets in Burbank, the others being Walnut, Cypress, Palm, Orange Grove, and Olive, with Magnolia being the only one that extends into Los Angeles. Magnolia was changed from an avenue to a boulevard in 1923. [1]
Housing economists point to five main reasons that the market will not crash anytime soon: low inventory, lack of new-construction housing, large amounts of new buyers, strict lending standards ...
The hybrid-work trend and high interest rates have sent commercial real estate values crashing in major cities, with Morgan Stanley warning earlier this year that office prices could face a 30% ...
The commercial real estate collapse has been most evident in the office sector, with vacancy rates at nearly 1.5 times the amount than at the end of 2019, according to a report by real estate firm ...
The Magnolia Projects, later the C. J. Peete Public Housing Development, was one of the Housing Projects of New Orleans. The area has been more recently renamed Harmony Oaks as part of a complete HOPE VI redevelopment of the property.
Although the Federal Reserve's latest stress test showed America's biggest banks could withstand a major crash in commercial real estate, economist Paul Kupiec still sees the potential for immense ...
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