Five Restaurants Vie For Big Corona Beach Concessions Business

Five restaurants submitted applications for the Big Corona State Beach concessions business, and city officials say they are hopeful that one of them will be selected this week. The five applications were from Babe’s Cafe, Beach Snack Bar, The Porthole, Rooster Cafe and Zack’s Beach Concessions and Catering. Four of the five proposers interviewed with …

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Valuations and Sales Discounts Eat Away at Foreclosure Proceeds

Low property valuations and steep sales discounts reduce the proceeds from liquidated loans by almost a third, according to Moody’s Investors Service. As home prices drop, equity erosion drives most of the losses incurred on defaulted mortgage loans, but the analysts at Moody’s say in today’s environment that’s not the whole story. They maintain that …

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Listing for lease

FOR LEASE — 2525 Ocean Blvd, C3, Corona del Mar — $3,850/month Fully furnished lease.  Tastefully furnished, upgraded bayfront condo located in the Channel Reef building in the heart of the Corona del Mar village.  This remodeled 2-bed/2-bath waterfront residence features upgrades throughout, including: granite countertops in kitchen and both baths, newer carpet, custom window …

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Cheaper to buy than to rent in 72% of largest U.S. cities

According to a study released by Trulia, it is now cheaper to buy than to rent in most of the largest cities in the U.S.  Ever since the beginning of the real estate market downturn, many former homeowners have traded in their bought home for a rental, whether by choice or foreclosure.  But now it’s …

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