Real Estate

The real estate market in Burbank appears to be holding steady compared to the same time last year, according to the latest real estate figures. There were 25 single-family homes sold in Burbank last month, edging down from 26 sold in January 2011, according to the Burbank Assn. of Realtors. The median price also saw only a slight dip from $512,500 in January 2011 to $510,000 last month. The number of condominiums sold and the median price both increased in January. The median condo price jumped from $215,070 in January 2011 to $299,000 last month.

I love my Burbank Leader. When we moved to Burbank over five years ago, we paid for a subscription as soon as we figured out what a wonderful source of community news it was, and we still receive the Leader with the L.A. Times. Unfortunately, we don't receive all of the Leader. I have called the L.A. Times every week for about six weeks, because we are not receiving the real estate guide section with our paper. Apparently this is not a big problem for the L.A. Times.

About 19.2% of the total office space in Burbank and Glendale is empty, the highest level since the recession began pushing businesses out of high rises in 2007, according to a real estate report released this week. The combined total of 2.3 million square feet of empty office real estate between the cities accounts for vacancy rates of 17.7% in Burbank and 20.5% in Glendale during the first quarter of 2010, according to a report from real estate firm Grubb & Ellis. A year ago, the vacancy rate in Burbank was 4%, and the rate in Glendale was 16.3%, according to the report.

Area home prices increased for a sixth consecutive month in November, but the upward trend came as uncertainties remain in the market, according to a monthly real estate report released Tuesday. Prices in the Los Angeles metropolitan area, which includes Glendale and Burbank, rose a seasonally adjusted 1% between October and November, according to the Standard & Poor?s/Case-Shiller home price index. That report came a day after the National Assn. of Realtors announced that existing-home sale prices nationwide grew 4.9% between 2008 and 2009, but total sales during that period fell 16.7%.

DOWNTOWN ? Burbank and Glendale offices continued to empty through the third quarter of 2009, adding to the combined total of more than 2.3 million square feet of vacant real estate, for which demand has plummeted, experts said. Vacancy rates swelled in the area and across Los Angeles County, where more businesses moved out of offices in all but one major sub-market, ranging from the Wilshire Corridor to the South Bay, research from multiple real estate firms showed. While the county?

Barry Ross received congratulations from Los Angeles Superior Court Judge Fred Rotenberg after Ross was recently sworn in as the 2012 president of the Glendale Bar Assn. by Glendale Mayor Laura Friedman. A native of the Glendale and Burbank area, Barry just completed a two-year term as the 2010-11 president of the Burbank Bar Assn. Known best as one of Southern California's most respected real estate attorneys and mediators, Ross earned his juris doctorate from Southwestern University School of Law in 1975, and a master's in accounting and management in 1974 from USC, Marshall School of Business.

RESIDENTS ACHIEVE ACADEMIC EXCELLENCE Katherine Trimble was named to the Chancellor's List for the spring 2007 semester at Chapman University. Jacob Michael Delaney was named to the Dean's List for spring 2007 at University of Hartford. BUSINESS WOMEN ANNOUNCE ASSOCIATE OF THE YEAR The Verdugo-Glen Chapter of the American Business Women's Assn. recently awarded its "Associate of the Year" award for 2007 to Jeanette "Red" Mann at The Castaway. Mann was nominated by Andrea Manning , a fellow worker and member of ABWA.

REAL ESTATE Homes, sweet homes Whether you're planning to buy or sell your home, whether you're looking for a fixer-upper or a mansion, whether you're looking for that first home or that dream home, don't forget to take the Real Estate Guide from today's Leader, with comprehensive listings from the Burbank, Glendale and the foothill areas to help you find the right place. SCHOOLS Found object art Emerson Elementary School students learn the value of being creative when it comes to recycling.

[DEVELOPING] Regional foreclosure filings surged 63% in 2009, triple that of California and the nation, as more area homeowners struggled to make mortgage payments, according to a widely cited real estate report released Thursday. The 3,325 foreclosure filings in Glendale, Burbank, La Crescenta, Montrose and La Cañada Flintridge were up from a total of 2,044 in 2008, according to data prepared for the Glendale News-Press by real estate tracking firm RealtyTrac. Statewide, foreclosure filings jumped 21% in 2009, and national figures reflected a 21% increase from the year before, the Irvine-based firm reported.

For Ramsey-Shilling Co. Associate Branden Moll and Principal Christopher Baer, the value of realty lies in working with the public to maintain a positive relationship. “Oftentimes, the client’s best interest is going to be what’s going to give you repeat business,” Moll said. The real estate services company recently commemorated its latest project with a ribbon cutting at the site of the former Martino’s Bakery site, 901 W. Alameda Ave., in the Burbank Rancho area near the Los Angeles Equestrian Center.

Barry Ross received congratulations from Los Angeles Superior Court Judge Fred Rotenberg after Ross was recently sworn in as the 2012 president of the Glendale Bar Assn. by Glendale Mayor Laura Friedman. A native of the Glendale and Burbank area, Barry just completed a two-year term as the 2010-11 president of the Burbank Bar Assn. Known best as one of Southern California's most respected real estate attorneys and mediators, Ross earned his juris doctorate from Southwestern University School of Law in 1975, and a master's in accounting and management in 1974 from USC, Marshall School of Business.

The real estate market in Burbank appears to be holding steady compared to the same time last year, according to the latest real estate figures. There were 25 single-family homes sold in Burbank last month, edging down from 26 sold in January 2011, according to the Burbank Assn. of Realtors. The median price also saw only a slight dip from $512,500 in January 2011 to $510,000 last month. The number of condominiums sold and the median price both increased in January. The median condo price jumped from $215,070 in January 2011 to $299,000 last month.

As in life, there's a tempo and a rhythm to fencing. This is the sword-fighting lesson embodied by Tim Weske. The jabs and strikes are fast - forward motion is helped by good footwork. The parries and retreats are more deliberate and measured. It becomes a dance - ballet has its roots in the sport from Renaissance Europe. Fast and slow. Back and forth. Tim's life story is like a fencing match. It begins slow, in a small town of 260 in Minnesota (it's now up to a booming 520)

About 19.2% of the total office space in Burbank and Glendale is empty, the highest level since the recession began pushing businesses out of high rises in 2007, according to a real estate report released this week. The combined total of 2.3 million square feet of empty office real estate between the cities accounts for vacancy rates of 17.7% in Burbank and 20.5% in Glendale during the first quarter of 2010, according to a report from real estate firm Grubb & Ellis. A year ago, the vacancy rate in Burbank was 4%, and the rate in Glendale was 16.3%, according to the report.

DOWNTOWN — General Growth Properties Inc., the operator of the Burbank Town Center and Glendale Galleria, announced late Wednesday that it agreed to a $2.65-billion deal that would give a Canadian commercial real estate firm a 30% stake in the company. The deal with Toronto-based Brookfield Asset Management, which still has to be finalized, would pull General Growth out of Chapter 11 bankruptcy proceedings. Chicago-based General Growth is the nation’s second-largest regional mall operator, with more than 200 properties nationwide, including the largest retail destinations in Glendale and Burbank.

Area home prices increased for a sixth consecutive month in November, but the upward trend came as uncertainties remain in the market, according to a monthly real estate report released Tuesday. Prices in the Los Angeles metropolitan area, which includes Glendale and Burbank, rose a seasonally adjusted 1% between October and November, according to the Standard & Poor?s/Case-Shiller home price index. That report came a day after the National Assn. of Realtors announced that existing-home sale prices nationwide grew 4.9% between 2008 and 2009, but total sales during that period fell 16.7%.

Office vacancy rates in Burbank and Glendale remain near 20%, with massive commercial towers sitting empty as demand from prospective tenants dwindled in 2009, according to the latest report data from real estate firm Grubb & Ellis. Two new developments in Burbank, which have not been leased, have added more than 800,000 square feet of empty space to the market there, where the vacancy rate is 17.8%, up from 4% a year ago, according to the report. The empty Class A office buildings, at 2900 W. Alameda Ave. and 2300 W. Empire Ave., are among the five properties with the largest total of unleased space in Los Angeles County, according to data from CoStar Group Inc. That vacant space has added to the 1.2 million square feet of unleased office real estate in Glendale to create a glut of availability at a time when there is little demand, brokers said.

Regional foreclosure filings surged 63% in 2009, tripling the increases seen in California and the nation as mortgage trouble rippled into previously unaffected areas, according to a real estate report released Thursday. The 3,325 foreclosure filings in Burbank, Glendale, La Crescenta, Montrose and La Cañada Flintridge were up from a total of 2,044 in 2008, according to data prepared for the Leader by real estate tracking firm RealtyTrac. Statewide, foreclosure filings jumped 21% in 2009.

[DEVELOPING] Regional foreclosure filings surged 63% in 2009, triple that of California and the nation, as more area homeowners struggled to make mortgage payments, according to a widely cited real estate report released Thursday. The 3,325 foreclosure filings in Glendale, Burbank, La Crescenta, Montrose and La Cañada Flintridge were up from a total of 2,044 in 2008, according to data prepared for the Glendale News-Press by real estate tracking firm RealtyTrac. Statewide, foreclosure filings jumped 21% in 2009, and national figures reflected a 21% increase from the year before, the Irvine-based firm reported.