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The real estate industry is known for having its own lingo. Before taking the plunge into homebuying make sure you are familiar with these terms.
Pre-approval- A mortgage lenders written statement that the approved person(s) will be granted a loan for a set amount pending underwriting approval. A pre-approval letter for can strengthen a buyer’s offer, making it more attractive to a seller.
Buyer’s Agent- A buyer’s agent is an agent who represents the interests of the homebuyer.
Listing Agent- A listing agent is an agent who represents the interests of the seller.
Listing- The description of the property for sale. A listing typically includes information about a property, like square footage, number of beds and bathrooms, price and photos.
Offer- A formal proposal that a buyer wants to purchase a home.
Those privileged enough to live in coastal areas and waterfronts often accentuate their homes with flourishing gardens.
Not all plants can handle the briny sea breezes, prodigious fog and challenging soil often found on California coastal properties. However, native gardens (i.e. gardens planted with flora indigenous to the area) will beautify your coastal property in a sustainable way.… Read More
These dramatic and romantic designs will give you more than a few inspired ideas to take your bathroom into the realm of magazine-style interiors.
Photo: BLACK & POOLE/Houzz
There are bathroom designs, and then there are bathroom designs—innovative and impactful looks that go above and beyond any bathroom we’ve ever seen. And this week we are bringing them directly to you.
Like we always do, we scrolled through hundreds of posts on Instagram to find the most popular decor, this time with a view to the loo. And right now, “drama” seems to be the decor mantra du jour.
With dark and sumptuous wallpaper and stunning romantic extras, this week will give you more than a few inspired ideas
Even with the array of problems that the WeWork troubles and the COVID-19 pandemic presented, Jennifer Frisk, senior managing director with Newmark Knight Frank’s downtown Los Angeles office, thinks coworking will catch on as an asset class.
Need proof? The big institutional owners are starting to get on board.
“I think going forward traditional landlords have realized that the WeWorks of the world provided a solution,” Frisk says. “We think that institutional landlords will finally be able to get into this sector, which they haven’t been able to do up until this point.”
In the past, these landlords would allocate a small amount of their portfolio to WeWork. But Frisk sees these firms allocating that percentage to their own coworking model or flexible office space solution. For example, Hines and Tishman Speyer, opened coworking spaces before the pandemic.
“Let’s say you take 10 percent of the building, and you build
A decline in customer transactions at restaurants hit single digits for the first time in months after the COVID-19 pandemic wreaked havoc on the economy.
Customer transactions were down 9% in the week ending on Aug. 16 compared with the same period last year, according to The NPD Group. That dip represents a 35-point gain from the steepest drop seen in the week ending on April 12. Transactions dropped 44% that week compared with the previous year.
The weekly report of transactions covers 75 quick service, fast casual, mid-scale and casual dining chains, which represent 53% of commercial restaurant transactions in the United States, according to NPD.
The restaurant industry has been especially hard-hit by the pandemic, which has forced offices to close; dine-in facilities to transition to take-out and delivery; and led to a spike in layoffs and unemployment claims earlier this summer. Data from Yelp and OpenTable indicates