#pasadena-home-purchase

#pasadena-home-purchase

"So few pockets of L.A. County are actually great for families and that's what makes South Pas so compelling. Plus, it has light-rail."

Beatriz Coca, a retired psychologist, discovered the need for a temporary power pole during her home construction process, highlighting the complexities faced by many rebuilding their homes.

I think it's probably the only one of its kind you'll ever see. Subsidized housing is usually in low-income areas. It would be like bringing Compton and Beverly Hills together in one block.

As millions of soldiers returned home from World War II, the nation faced a housing shortage. In response to the pinch, Los Angeles-based Arts and Architecture magazine designed and commissioned 36 experimental houses to showcase innovative and inexpensive architecture techniques. The group of homes, designed by notable architects such as Richard Neutra and Craig Ellwood, became known as the "Case Study Houses."

The just-bought Sunnyvale housing property is at 870 and 874 East El Camino Real in Sunnyvale and was purchased for $76.9 million, according to documents filed on Jan. 9 with the Santa Clara County Recorder's Office. The new owner of the 184-unit Sunnyvale apartment hub is a group affiliated with New Jersey-based PGIM, the global investment management unit of life insurance company Prudential Financial, and Bay Area-based Interstate Equities Corp. The seller of the Sunnyvale residential complex was Singapore-based Mapletree, the county records show.

The eight-story, 116,000-square-foot building on the edge of Old Pasadena was the largest commercial building in the city at the time of its completion in the 1920s, according to Ross Wallach of Diversified Commercial Investments, who represented the buyer along with Douglas Cancienne of Diversified.

Roughly one in six California houses is owned by someone who doesn't live there but investors' market clout varies across the state. That's what my trusty spreadsheet found after reviewing a BatchData report that found investors of all sizes own 1.28 million houses statewide 17% of California's supply of houses and townhomes. Investors in this study include everything from giant companies controlling thousands of houses to folks with a small collection of rentals to short-term rental operators to people with a second home.