by cgilles | Dec 15, 2012 | a-South Bay, Blog, Redondo Beach, Torrance
FLASH As we speak Redondo Beach is filing suit to block Nordstrom from moving to Torrance.
Center of Controversy
Announced recently are plans to renovate and further develop the north and west sides of Del Amo Fashion Center beginning in 2013. The owners of the mall; Simon Property Group and J.P. Morgan announced their plans on December 11th along with Torrance Mayor Scotto. Nordstrom will be moving into the mall when all renovations are completed between 2013 and 2017.. Nordstrom will be moving from their present location in the South Bay Galleria. The exterior of the mall will be remodeled and re designed, the food court will be completely renovated into a garden environment, many parking spaces added along with other improvements. The older buildings on the west side of the mall will be torn down and replaced with the new home for Nordstrom. The goal is to return the mall to its former title of the biggest shopping center in the nation. The new mall is expected to add an additional $2-$3M in revenues for the city of Torrance when completed.
by cgilles | Nov 29, 2012 | a-South Bay, Blog, Torrance, Uncategorized
A $21M design for the much awaited Torrance Transit Center was announced this week according to the Daily Breeze. The will be constructed on over 16,000 square ft. former industrial land near Del Amo Blvd. and Crenshaw Blvd. Some plans are still ongoing. Those plans include a possible linking to the Torrance Transit Center with the Green Rail Line. Since much of the money going toward the Transit Center is being provided by the transportation taxes collected, there is a good chance to see the rail line extension eventually approved and built. A huge parking lot will be built and a retail building was originally planned but was slashed at the last minute.
Location of Transit Center
Many local developers are interested in building a retail complex. Experts are looking for an environmental impact report on the possible retail complex by the end of the year. Metro Rail is working to solve any problems with bringing the Metro line to Torrance and hopes to announce something positive soon, or when funding for the line can be solved.
by cgilles | Sep 17, 2012 | a-El Segundo, a-Hermosa Beach, a-Long Beach, Manhattan Beach, Redondo Beach, San Pedro, Space Shuttle Endeavour, Torrance
Do you remember .. for those who are old enough, the black and white TV of John Glenn in the small space capsule? He was the First American to orbit the Earth, aboard Friendship 7 on February 20, 1962, on the Mercury-Atlas 6 mission. Well jump ahead to 1992 …...
by cgilles | Sep 16, 2012 | Real Estate, Torrance
Many people are amazed the first time they visit the small community of Walteria. Most people say it’s like being in a small rural town when they come to Walteria. Some of the area is hilly and rural like, no sidewalks, large overhanging trees and peace and...
by cgilles | Jul 23, 2012 | a-El Segundo, a-Hermosa Beach, a-South Bay, Events around Los Angeles, Manhattan Beach, Redondo Beach, Torrance, Uncategorized
Come see the new HI-TECH office Thursday, July 26 from 4-7pm. Snacks, drawings SPECIAL GUEST — Miss California 2102 – NATALIE PACK! 23805 HAWTHORNE BL TORRANCE CA 90505 click here …. FLYER FOR THE REALESTATE GROUP OPEN HOUSE I will see you...
by cgilles | Jul 10, 2012 | Blog, Torrance
For years, many critics argued that when a big box store like Walmart comes to town, it would automatically bring lower home values to those homes near-by. This was referred to as the “Walmart Effect” and over the years it made near-by residents nervous and often prompted those residents to oppose the proposed store. Following is a video of the Torrance area where the new Walmart is being constructed.
A new study, according to Realtor Magazine, reports that just the opposite happens.
The researchers found that homes within a half mile of a new Walmart store saw their home prices increase on an average about $7,000 in the two-and-a-half years after the store opened. Homes located a half mile to one mile away saw a $4,000 increase. These results came after analyzing more than 1 million real estate transactions, near 159 newly opened Walmart stores between 2000 and 2006.
So, residents near to the new incoming Walmart store at Hawthorne Blvd. and Sepulveda, your property values maybe going up. That is good news for sure.
