The dream of homeownership is still alive for California renters

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The dream of homeownership is still alive for California renters, C.A.R. survey finds LOS ANGELES (Dec. 3) – Despite affordability challenges, California renters continue to hold homeownership in high regard and aspire to purchase a home eventually, according to a consumer survey released by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today. C.A.R.’s 2018 State of the California Consumer Survey, which …

More First-Time Home Buyers Are Turning to the Bank of Mom and Dad

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Rising home prices are sending first-time buyers to their parents for help with mortgage down payments. More than 26% of mortgage borrowers who used Federal Housing Administration-insured loans got assistance from a relative to make the down payment in the 12 months through September, up from about 22% in 2011, according to data released late last year as part of …

Redondo Beach approves South Bay Galleria, adding skate park and more open space

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The biggest project in the history of Redondo Beach, as Mayor Bill Brand called it, hit a major milestone Tuesday night—the approval of city council. During a meeting that once again stretched into the wee hours of the morning, project developer Queensland Investment Corporation (QIC) presented a reworked site plan to address key concerns raised by residents. Some major refinements …

Skechers Breaks Ground on Corporate Headquarters Expansion

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The footwear company is more than doubling its current footprint in Manhattan Beach and Hermosa Beach. Footwear and apparel maker Skechers USA, Inc. broke ground last week on a project that will more than double the size of company’s corporate headquarters. “We started Skechers in a Manhattan Beach condominium in 1992, and now we’re a global brand with annual sales …

2019 Real Estate Forecast: What Home Buyers, Sellers And Investors Can Expect

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There’s no doubt about it: the 2018 housing market has seen its ups and downs. The year started with sky-high home prices, historically low mortgage rates and a definitive upper hand for sellers. In recent months though, home price growth has faltered, rates have risen to their highest point in nearly eight years, and favor has started to shift from …

10 Home Design Trends To Watch Out For In 2019

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The home remodeling and design platform Houzz recently released its annual forecast, derived from conversations with industry experts as well as trends spotted among its 40 million monthly users. It offers a snapshot of what we might see in stores, living rooms and Instagram feeds this year. 1.The backsplash as a focal point In 2019, home design professionals expect to see more …

Two Nonprofits File Plans for Mixed-Use Affordable Housing Along the Venice Canals

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Plans call for the construction of a nearly 106,000-square-foot structure featuring 140 apartments – including 136 deed-restricted affordable units and four managers units – with on-site supportive services 4,065 square feet of retail space to be used as an art studio and a cafe.  The project would also include somewhere between 395 and 436 parking spaces, which would serve tenant needs …

116-Room Hotel to Replace Vacant Restaurant in El Segundo

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The latest project, which would rise at the northwest corner of Pacific Coast Highway and Palm Avenue, calls for demolishing a vacant restaurant and parking lot to make way for the construction of a 55,000-square-foot boutique hotel.  Plans call for a four-story building which would contain 116 guest rooms, a restaurant, a fitness center, and parking for 93 vehicles at-grade and …

Georgia’s, the South Bay’s Newest Cocktail Lounge

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If you’re looking for a spot where the lighting is soft, the noise-level tolerable and the vibe welcoming, the new Georgia’s in Redondo Beach fits the bill. For holiday flavor Georgia’s offers the Kodiak made with Buffalo Trace bourbon, St. George Spiced Pear, apple cider, and lemon, topped with a swoosh of egg white and garnished with a couple of …