U.S. Inflation Retreating as Consumer Prices Fall; Labor Market Still Tight
Consumer prices fall 0.1% in December CPI increases 6.5% year-on-year Core CPI rises 0.3%; up 5.7% year-on-year Weekly jobless claims fall 1,000 to 205,000 Full Story
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Industrial Building For Lease
143 South 9th Avenue La Puente, CA 91746 Brochure 5,840 square foot industrial building available for lease with large, secured yard; the space includes four (4) ground level loading doors, newer 400 amp, 3 phase power service with an additional...
Office Property Sold for $4,750,000!
9116 Sunland Boulevard Sun Valley, CA 91352 Patrick Long represented the seller and buyer in the sale of this high image professional office building built in 2003! The property is two levels and 14,631 SF of building on 36,527 SF of land. ...
U.S. Labor Market Strong at End of 2022
Labor market resilience was underscored by other data on Thursday showing private employers hired far more workers than expected last month. The reports suggested the economy ended 2022 on solid footing, despite a raft of layoffs in the technology...
Industrial Property Sold for $1,750,000!
7438 Varna Avenue North Hollywood, CA 91605 Patrick Long represented the seller in the sale of this rare, M2-zoned property in North Hollywood with approximately 4,495 square feet of building located on approximately 10,250 square feet of land!...
Multifamily Property Sold for $3,400,000!
1044 Linden Avenue Glendale, CA 91201 Randy Stevenson and Kris Hons represented the seller in the sale of this very well maintained, eight unit multifamily property in the Grandview neighborhood of Glendale; the property is comprised of eight...
Multifamily Property For Sale $1,325,000
Five (5) units; small multifamily property available just north of Adams Hill; the property consists of one (1) 3 bedroom/1 bathroom house, one (1) 1 bedroom/1 bathroom, three (3) studios (one of which is in a detached structure) and an unpermitted...
Commercial Property Sold for $1,150,000!
1748 Victory Boulevard Glendale, CA 91201 Patrick Long represented the buyer in the sale of this rare, freestanding 1,800 square foot commercial building on 2,460 square feet of land. Previously used as a recording and photo studio, the property...
Fed Raises Interest Rates Half a Point to Highest Level in 15 Years
The Federal Open Market Committee voted to boost the overnight borrowing rate half a percentage point, taking it to a targeted range between 4.25% and 4.5%. Full Story
Consumer Prices Rose Less Than Expected in November, Up 7.1% From a Year Ago
The consumer price index rose just 0.1% from the previous month, and increased 7.1% from a year ago, compared with respective estimates of 0.3% and 7.3%. Full Story.