Surging Coronavirus Cases Leads Calif. to Re-Shutter

Twenty-nine counties — accounting for 80 percent of the state's population — must close malls, offices, hair salons, barber shops, gyms, and more. Less than four weeks ago, businesses like bars and nail salons were allowed to reopen in Los Angeles with limited capacity. Since then, the number …

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How my job has changed during the pandemic: Sandy Sigal

An entrenched Southern Californian, Sandy Sigal has endured fires, floods, mudslides and other calamities. "I thought I had seen it all," said the founder and CEO of shopping center developer and property manager NewMark Merrill Cos. "I hadn't." In fact, no one had seen anything quite like the …

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Can job market sustain its gains? Uncertainties cloud future

WASHINGTON (AP) — Layoffs are slowing, unemployment is declining and hiring is gradually rising, suggesting that a steady rebound may be afoot in the U.S. job market. Or is it? So many uncertainties are overhanging the economy that no one knows whether hiring will expand steadily in the months …

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Bargain Hunters

Real estate companies seek opportunities in a distressed market. For Mid-Wilshire-based Decron Properties Corp., the Covid-19 pandemic could present some unique real estate opportunities. “We are actively looking to continue to grow in Southern California, the Bay Area and Seattle,” said Daniel Nagel, the company’s chief financial officer. “We are …

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Payment Gap: Retailers are reopening, but many aren’t paying rent

June payments have been paltry, according to landlords and brokers; the recent unrest marked another setback. In just the last week, stores throughout Los Angeles went from closed to reopened to boarded up. “There was retail momentum a week ago,” said Jay Luchs, vice chairman at Newmark Knight Frank. …

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