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Fed Cuts interest rates for the first time since 2008

Aug 8, 2019 Federal Reserve Chairman Jerome Powell announced that the fed had dropped its target rate by .25% to 2% on July 31. That rate cut, the first cut in over a decade signaled a change in policy by the Fed. Chairman Powell stated that, “the U.S. e...

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Meeting About Van Nuys Airport Turns Noisy

Aug 7, 2019 A Tuesday night presentation by Federal Aviation Administration officials about flight paths out of Van Nuys Airport turned boisterous when residents demanded changes. About 50 people attended the meeting of the Van Nuys Airport Citizens Adv...

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Mortgage rates lower again this week

Jul 27, 2019 The July 25, 2019 Freddie Mac Primary Mortgage Survey showed mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.75%, down from 3.81% last week. The 15-year fixed was 3.18%, down from 3.23...

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Warner Center Stadium Goes Forward With 7,500 Seats

Jul 24, 2019 A zoning administrator has signed off on an early step toward the establishment of a sports and entertainment stadium in Woodland Hills on 34 acres of the Westfield Promenade mall that has been earmarked for a major redevelopment. However, t...

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Calabasas Hotel Breaks Ground

Jul 16, 2019 Ground has officially broken on the building of Cambria Hotel Calabasas – Malibu, a three-story, 125-room upscale hotel off the 101 freeway at near Agoura Road that is expected to open in early 2021. Operated by Choice Hotels International...

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Warner Center Senior Living Complex Approved

Jul 10, 2019 Dallas-based developer South Bay Partners has received approvals from the city of Los Angeles to create a senior living facility in Warner Center with an anticipated due date in late 2021. Per Urbanize.LA, the development will be situated on...

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