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Rolling Stone to open a restaurant and nightclub in Hollywood

By KJWrealestate Saturday December 5, 2009

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Owners of the Rolling Stone magazine, Niall Donelly and his partner Joe Altounian, a real estate developer, are opening a restaurand and club Hollywood & Highland Center next summer.

Donnelly has built a track record as an operator of upscale trendy clubs in Britain and Ireland. The Rolling Stone venue in Hollywood will have two levels. On the top level, which opens into the mall, will be a restaurant and bar intended to appeal to the estimated 15 million tourists that visit the Center a year. At the street level, on Highland Avenue, will be an up-market lounge.

Source: LA Times

2010 Loan Limits

By KJWrealestate Thursday December 3, 2009

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hudseal
The 2010 limits will remain the same from the current limits at 125% of local area median home price up to $729,750 (with a floor for FHA of $271,050 and $417,000 for Freddie Mac and Fannie Mae). FHA Forward and Fannie/Freddie Limits for LA County: $729,750 (one-family), $934,200 (two-family), $1,129,250 (three-family), $1,403,400 (four-family).

Extended Home Buyer Tax Credit 2009/2010

By KJWrealestate Tuesday December 1, 2009

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The First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers has been extended until April 30, 2010.

The credit of up to $6,500 applies to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

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More about the credit.

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