Yesterday I attended an auction for a project in Marina Del Rey called Element.  It's a really cool, loft-esque building along Glencoe Ave, home to several similar buildings.  The project had gone into receivership, as only 9 of 50 units had been sold, resulting in a court-ordered auction. First ...
"Looking for an office building with bulletproof windows, mirrored interrogation rooms and a big vault? It could be yours for just $4.5 million. The seller is motivated." Read more....  
The Los Angeles Times ran an article yesterday reporting that the Federal Housing Authority backed loans, which have become increasingly important in getting the real estate market moving again, may soon begin requiring more cash from buyers up front the the current 3.5% buyers pay as a down paym...

Jefferson Hendrick

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