From the LA Times: COMMERCIAL REAL ESTATE QUARTERLY REPORT Southern California’s vast desolation indoors Almost 51 million square feet of office space is vacant in Southland, and that number is expected to continue growing well into next year. Lincoln Property Co. Executive Vice President David Binswanger, left, checks out the construction on Horizon at Playa [...]
Entries from October 18th, 2009
Dow tops 10,000 again
October 18th, 2009 · No Comments · Uncategorized
Good news is that investment seems to be slowly coming back, which should help stimulate some economic growth, unless something else pushed the market back down. From the LA Times: Dow Jones average closes above 10,000 for first time in more than a year Earnings from JPMorgan Chase, Intel beat expectations and push up the [...]
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Some are looking to customers in China to expand the marketplace
October 4th, 2009 · No Comments · economy, News and Information, Uncategorized
Again from the LA Times: U.S. firms look to sell wares in emerging markets As sales wither at home, manufacturers see China, India and Brazil as a customer base of new affluence. General Electric Chairman Jeffrey Immelt, seen here in India, argues that a shift in consumption power toward emerging markets calls for a different [...]
Tags:business·business growth·California·economy·Pasadena·Pasadena business·Pasadena Chamber·recession
Expensive real estate tough to sell, dinosaur bones, too
October 4th, 2009 · No Comments · economy, News and Information, recession, Uncategorized
Really no surprise here. From the LA Times: Too many palatial homes, too few princely buyers As spec mansions lie unsold across Southern California, stressed sellers may deflate the housing market’s high end by lowering their prices. A super-sized home in Orange County’s Coto de Caza community lies vacant. Larry Igarashi put it on the [...]
Tags:business·business growth·California·Chamber of Commerce·economy·Pasadena business·recession
Really no surprise here, it is more costly to do business in California
October 1st, 2009 · No Comments · California government, economy, News and Information, Opinion
Good thing we have great weather. Kevin Smith in the Star-News reports on a study from Cal State Sacramento: Business regulations are costly By Kevin Smith, Staff Writer Posted: 09/30/2009 07:16:54 PM PDT California businesses have long complained about the costly and cumbersome regulations they face in order to operate in the state. And a new [...]
Tags:business·business growth·California·California government·economy·Pasadena·Pasadena business·recession·Star-News