The start of a virtuous cycle – South Bay businesses will benefit from early recovery and low rates from their responsive, local banks
As businesses start and grow, they hire employees, and then they need more space, so those ubiquitous For Rent signs start to disappear. Working people feel better about themselves and their prospects for the future, so they spend money, go out to dinner, buy that new car and take a vacation. Restaurants are more crowded, hotels are fully occupied, and real estate prices start to rise. Even investors return to the market. All of this creates a virtuous cycle of success that feeds upon itself.
The good news is there are pockets of business that are picking up as we roll into 2011. Areas of improvement include real estate, bolstered by lower prices and low interest rates; the financial services sector, helped by the stock market’s increase in the past nine months; and some local tech/entertainment industry growth related to increases in personal spending.
As creators of the built environment we live in, architects not only have a commitment to their clients, but also to the community at large. Sometimes, these responsibilities conflict.
Hermosa said goodbye to another iconic business last month when Re:Style, which took over the space formerly occupied by the legendary Either/Or Bookstore, commemorated its 30 years in downtown Hermosa beach with a closing party. Re:Style opened in 1980 as a clothing store for South Bay punks. “Punk rock created a fashion for the youth […]
As 2010 winds down, real estate prices are being anxiously watched, and not just by Realtors. Real estate brought the economy down three years ago. Now, there is hope that real estate will lead a recovery in 2011. Investment Advisor Stuart Chaussee recently spoke to four of the South Bay’s most successful Realtors. [Read More]
The house special at Eat At Joe’s is “two biscuit halves with sausage patties smothered in country gravy, served with two eggs and home fries.” That alone, made it seem an unusual choice for the Beach Cities Health District to announce the launch of Vitality City last Thursday. But one of Vitality Cities goals is to change what people eat the 110 times a year that they dine out, on average.
Members of the real estate community cheered and applauded the Manhattan Beach City Council Tuesday night for throwing out a staff proposal that would levy a business license tax on Realtors. Roughly 75 agents and brokers stormed Manhattan Beach City Hall ready to argue that the city does not have the legal authority to impose […]
“The honorees range from visionaries to people focused on creating a lifestyle for themselves and their families,” Bank of Manhattan Chairman Kyle Ransford said at the start of his bank’s Second Annual Celebration of Entrepreneurship. The awards dinner was held last Wednesday at the automobile Driving Museum in El Segundo. “It’s not necessarily the business […]