LA real estate
fromSFGATE
3 hours agoJust Approved: Patience, timing, and strategy: A dream realized against the odds
A determined buyer successfully navigated the CalHFA Dream program to secure a home with minimal out-of-pocket costs.
"Over the last year, our committee set out to learn about asset management and the state of one of our most important assets, which is our streets and our roads. We learned that our streets are riddled with potholes, and many of the streets are failing. The condition has worsened over the last five years. We learned that if we do not act now to address the degradation of our streets, it will continue to worsen."
"We're here on behalf of the people who put us here, and who need to know that their government is accountable to them, and that we, their representatives, will ask questions and investigate discrepancies on their behalf," said District 2 Councilor Sameer Kanal.
Nykia Wright, CEO of NAR, stated, "Rebuilding trust requires more than words—it requires visible progress. That's why we're committed to sharing clear, regular updates that show members how this work is making a real difference."
Good urbanism should transcend politics. Socialists and capitalists can walk the same neighborhood and agree it's a pleasant place to live. They can each appreciate the tree canopy, the corner café with people spilling onto the sidewalk, the mix of ages on bikes and on foot, the architectural details of older buildings, and so on.
Campaigner Aysha Hawcutt stated that residents were 'not anti-homes', but believed the Adlington plan was 'the wrong proposal in the wrong place'. She expressed pride in the community's resilience against the development threats.
Through Community Facilities Districts (CFD), Municipal Utility Districts (MUD), Public Improvement Districts (PID), Community Development Districts (CDD) and reimbursement districts (RD), builders can potentially shift infrastructure costs off their balance sheets and onto special districts that homebuyers ultimately absorb through property taxes without potentially adding debt to the builder's books.
First Interstate Mortgage Co.'s income property division has arranged a $2.3-million construction loan and $2.6-million permanent loan for the rehabilitation of an existing three-story building in Pasadena, located at 95 N. Marengo St.
The global average building utilization rate dramatically jumped in 2025 to 53%, the highest since before the pandemic, validating the effectiveness of hybrid strategies in driving more in-office activity, according to CBRE. Utilization rates were 38% in 2024 and 35% in 2023, compared to the 65% that most respondents to CBRE's global workplace occupancy benchmarking program identified as their target.