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The Residential Market In Downtown Long Beach Is Improving

According to a 2021 Q4 Economic Snapshot provided today by the Downtown Long Beach Alliance, the residential market in Downtown Long Beach rebounded in 2021, with occupancy and rentals progressively recovering to pre-pandemic levels (DLBA). The recovery comes as cities across Southern California continue to grapple with homelessness and a scarcity of cheap housing, both …

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Parklets And Street Closures Have Created A Chasm Between Downtown Businesses And Their Customers

With the state now fully operational, what should be done with the parklets, sidewalk dining, and street closures that were put in place to deal with the pandemic? An informal poll of 606 local businesses, residents, property owners, and visitors was undertaken by the Downtown Long Beach Alliance, and the findings were mixed. While the …

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Long Beach Has A Higher Unemployment Rate Than 71% Of La County

According to recently released data from the California Economic Development Department, unemployment in Long Beach continues to decline but remains higher than that of Los Angeles County and the state as a whole, which is among the highest in the country at 7.3 percent. In October, the unemployment rate in Long Beach fell to 8.5 …

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Long Beach Budget For 2022 Will Support Business Programs In Five Ways

The Long Beach 2022 budget would use federal dollars to maintain a variety of programs that help local companies affected by the pandemic that began last year, such as grants, fee exemptions, technical assistance, eviction protection, and more. Long Beach has received hundreds of millions of dollars in federal money, first through the CARES Act …

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Long Beach And Los Angeles Ports Set Annual Freight Volume Records

Port officials reported Wednesday that dockworkers and terminal operators transported a record-breaking 9.38 million containers in 2021, shattering the previous record of 8.11 million established the year before. In all, the port carried 9,384,368 20-foot equivalent units (the standard container measurement). This represents a 15.7 percent increase from 2020. In a statement, port Executive Director …

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An Office Skyscraper In Long Beach Worth $86 Million Has Been Sold

Shoreline Square, a downtown Long Beach office tower that sold for $85.5 million, was the most expensive structure sold in the city. Shoreline Square Holdings, a firm backed by money from the Pacific Rim, paid $80 million for the 20-story Class A tower, which was previously owned by San Diego-based Parallel Financing Partners. Tenants include …

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