New Townhomes Under Construction For Sale Now

New Homes in Los Angeles

GRAND OPENING THIS WEEKEND March 7th & 8th from 12-5pm

It’s a special weekend in Los Angeles as we go take a look at the latest new development with beautiful model town homes coming soon, this weekend to be exact. Townhouse style homes with private rooftop decks, views and private garages, now open to the public starting this weekend. Sales are already underway! This is the chance to get a priority selection of a small number of residences that have been exquisitely rendered with wood flooring, modern design and intelligent technology throughout. Get an up-close look at the quality and craftsmanship that goes into every new famous-brand home. Enjoy refreshments, and lounge in one of the private outdoor spaces that are included with each new town house. #newhomes #losangeles

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IMPORTANT! This is an active construction site. Please wear closed-toed shoes to access all that there is to see:
New Single Family Homes in Highland Park
3 bedroom, 3.5 bathroom
Approximately 1,660 to 2,250 Sq Ft
Priced from $871,000

IN THE HEART OF HISTORIC LOS ANGELES
Discover a community of brand new homes in the heart of historic Highland Park, an awesomely eclectic neighborhood in Northeast Los Angeles, California. Just a few miles up the 110 from downtown L.A. and just south of Pasadena, the location is ideal for those seeking a walkable urban setting. The gastropubs, art galleries, and unique boutiques of York Boulevard are a walk away, as is the Metro Gold Line. | Blog Video

Sparkling homes just built by a major developer attract many home buyers because the properties are more perfect than older homes. Easier to maintain, new homes have features that home buyers want today. Because they are also competitively priced, prospective buyers are more likely to walk right in and fall in love with the place. The home buying process can often be more smooth as well. Buyers are required to bring their agent to the first viewing. A Love Your New Home Guarantee helps to ensure satisfactory results.

Three- and four-story small lot homes ranging from approximately 1,666 to 2,250 square feet. All homes feature contemporary architecture and modern finishes — with spacious balconies or expansive rooftop decks adding incredible outdoor living space.

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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Chinese Real Estate Los Angeles: Downtown Condo Market Cools as Foreign and Domestic Investors Pull Back

China-funded development of super luxury Metropolis condo highrise with Indigo hotel

REAL ESTATE NEWS

The LA Loft Blog recently reported that Chinese companies are pulling out of Downtown Los Angeles as real estate developer Greenland decides not to complete the last building in the Metropolis condo complex. As other expensive projects are shelved amid construction non-payment lawsuits, mainland China cannot hide its economic woes. OceanWide Plaza megaproject sits uncompleted while financially strapped Mainland China developer quietly seeks a buy-out.

Bloomberg reported recently that Los Angeles condo sales have cooled as Chinese capital stays at home. The #realestate market in downtown Los Angeles is taking a hit as #chinese cash dries up. Condo sales plunged 31% in the third quarter from a year earlier. Chinese and other foreign buyers had made more than 25% of the purchases in downtown Los Angeles in recent years, but tightened restrictions on capital flowing out of China have recently hampered the market. As the trade war between the U.S. and China approaches its second anniversary, Beijing is making it tougher to shift money abroad, imposing capital controls to help stabilize its currency. That’s weighed on the real estate market in cities including #losangeles, New York City, San Francisco and Vancouver.

California Condos Cooling

Bloomberg reports confirm earlier Loft Blog articles on Downtown L.A. condo prices having fallen from a peak in early 2018. Restaurants, shopping, entertainment and transportation infrastructure has attracted nearly 50,000 new residents since 2000. Tens of thousands of new homes have been built, while thousands of new apartment and condos are still under construction. This includes thousands of new luxury high-rise units. These expensive upscale condos are suffering the most as mainland China is hit hard by communist capital controls, tariff battles and economic uncertainty. Investors and other prospective home buyers don’t like the value of today’s relatively high Downtown condo prices.

China’s Fake Economy

The South China Morning Post reported that China is proving to be mired in significant inaccurate financial reporting. China’s economic census has uncovered bunches of fake data. As China’s cash has dried, corporate has borrowing soared. Local Chinese officials of Guanghan and other areas have been found to have gone to extraordinary lengths to manipulate raw data to obscure the real financial health of the economy. They reported growth of 9% while the real growth was likely closer to 0%.

American’s and other financial connections have access to some of the true data, which gets easier to see as the financial tide goes down to reveal the naked truth of financial struggles.

CNBC reports that China’s corporate borrowing has shot up while cash flows deteriorate. China’s cash flows have deteriorated quickly, and new orders continue to fall. Shadow banking is making a resurgence as the CPC Communist Party of China attempts new crackdowns on bankers. China’s cash flows have rapidly deteriorated recently as fourth quarter 2019 late payables and deliverables skyrocketed to the worst levels ever recorded. China’s woes are likely to worsen before the get better because new orders continue to fall. Corporate borrowing has risen to unprecedented rates as business loan applications in China shot to an all-time high, with more than 30% of manufacturing, retail, services and real estate developers needing to borrow money.

China’s communist dictator always has plenty of lowly individuals to pin the blame on. Several bankers have been sentenced to death recently.

Trade War Affecting China, Reviving Trend of Shadow Banking

Borrowing rose in every sector this quarter. China saw overall export orders fall in the second half of 2019, as American tariffs on Chinese goods took effect. With the U.S. and China entering a trade truce this December, the President Trump’s Phase One China deal is expected to help reduce China’s economic freefall.

Mainland stocks tumble as China cut tariffs on over 850 products

CNBC reports that mainland Chinese stocks have been tumbling. The Shanghai Composite is down more than 10% since February 2018, and down more than 25% from its peak in May 2015. China just announced a few days ago that it will lower import tariffs on over 850 products as part of the Phase One trade deal talks. The trade war armistice may be too little too late for China. The communist-backed semiconductor fund has announced plans to reduce holdings in some tech firms, according to a Reuters report. Tech stocks, then broader stocks have just dropped.

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Lofts For Sale
Arson fire / flood inconveniences super luxury Metropolis residents, as developer runs dry

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.