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...month of the warehouses and industrial parks of eastern Los Angeles County. Chris Bonney, the president of the City of Industry, Calif., office of commercial brokerage Lee & Associates, was my guide (and my driver). With the phenomenal growth of foreign trade passing through the ports of Los Angeles and Long Beach in recent decades, City of Industry, Pomona and their neighbors had become distribution boomtowns. But now, every time Bonney turned a corner, it seemed that he had another sad tale to tell. (See the best business deals...
First he showed me a small industrial park built not long ago by a local businessman. It's got tenants, and the owner has been making his mortgage payments. But when his loan comes due - commercial mortgages generally run three to 10 years, not the 30 that homeowners get - he almost certainly won't be able to refinance because building prices have dropped and lending standards have tightened. Which means he will either have to cough up a lot more up-front cash or lose the property...
Hooray to TIME for outing the shameful continued segregation of schools as the most underreported story of 2009. As a retired schoolteacher in South Carolina, I have witnessed firsthand how lack of resources and funding can lead to this type of segregation. Although we have certainly come a long way since the 1960s, it is critical that we remember we still have a long path ahead...
Last Spring, as Arthur Marquis started brushing up on the French he'd learned in junior high, the 61-year-old retired lawyer and Long Beach, Calif., resident had trouble discerning where one mellifluous word ended and the next began. So he decided to exercise his auditory skills in much the same way a bodybuilder might zero in on a particular muscle group. His weapon of choice: Posit Science's Brain Fitness software, which promised to hone his hearing, as well as his memory, for $395. (Yes, you heard that right: $395.) After completing the program's 40 hour-long...
...men’s side, junior Sean Gil and sophomore Tyler Funk placed second in the pole vault and high jump, respectively, and rookie Kenneth Wan Kan posted a pair of solid showings, finishing third in the long jump and triple jump...