Los Angeles Real Estate

Two reports on homes sales suggest the market still has far more dead weeds than green shoots. Still, real estate agents do see one encouraging sign: the return of first-time buyers.

Source:Spring Home Sales Damp, But Young Buyers Bloom (NPR)

Zcom Networks Announces Panama Real Estate Project (Marketwire)

Apr 30, 2009 at 8:00 am.

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LOS ANGELES, CA–(Marketwire – April 29, 2009) – Zcom Networks, Inc. ( PINKSHEETS : ZCNW ) is pleased to announce that through our real estate investments division, we acquired ownership interest in Palaya Paraiso Development Project in Panama. Through our joint Venture, we have invested $600,000 for the initial acquisition of land parcel to build 5 beachfront villas and 20 condominiums. Total …

Source:Zcom Networks Announces Panama Real Estate Project (Marketwire)

Astani Enterprises raises the curtain on Concerto in Los Angeles (Payvand Iran News)

Apr 30, 2009 at 8:00 am.

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Developer Sonny Astani raises the curtain on a compelling, new chapter in downtown’s residential evolution with the opening of Concerto at 9th and Figueroa. Enduring design, spectacular city views and the understated luxury of Southern California living converge at Concerto, the new $300-million condominium development covering 100,000 feet in downtown L.A.’s South Park.

Source:Astani Enterprises raises the curtain on Concerto in Los Angeles (Payvand Iran News)

FirstFed Reports Preliminary Results for the First Quarter of 2009 (Business Wire via Yahoo! Finance)

Apr 30, 2009 at 8:00 am.

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LOS ANGELES—-FirstFed Financial Corp. , parent company of First Federal Bank of California, today announced a net loss of $53.4 million or $3.90 per diluted share of common stock for the first quarter of 2009 compared to a net loss of $244.8 million or $17.91 per diluted share of common stock for the fourth quarter of 2008 and net loss of $69.8 million or $5.11 per diluted share of common …

Source:FirstFed Reports Preliminary Results for the First Quarter of 2009 (Business Wire via Yahoo! Finance)

Protesters disrupt foreclosure auctions in Sacramento (The Sacramento Bee)

Apr 29, 2009 at 8:00 am.

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Protesters disrupted several foreclosure auctions Tuesday on the Sacramento County Courthouse steps, winning a temporary cancellation of one and sending an unidentified auctioneer to the hospital with chest pains.

Source:Protesters disrupt foreclosure auctions in Sacramento (The Sacramento Bee)