| An L.A. loft for high-flying Depp
Johnny Depp has been busier than any pirate in the Caribbean, and that could be why the downtown L.A. loft he bought in the fall for close to $2 million is still vacant.
Depp bought a penthouse in the Eastern Columbia Building, an Art Deco landmark on South Broadway. The 13-story building, opened in 1930 as a retail and office tower and later used as a department store and movie backdrop, was converted into 147 residential lofts in 2006. FOR THE RECORD:
Hot Property: The Jan. 6 Real Estate column said a West Hollywood compound once owned by silent-film director Irvin Willat contained 20 detached houses on a portion of the original property. The residences are attached and occupy the entire original family compound. It also named Nichole Fox of Brower, Miller & Cole as a contact.
Local online advertising to grow in next five years: JupiterResearch
Local display and search advertising are among the leading online advertising categories marked for significant growth within the next five years, according to JupiterResearch's US Online Local Advertising Forecast. According to the report, display and search advertising are expected to grow by 18% and 16%, respectively, from 2007 to 2012. Local advertising, overall, is expected to increase by 13% in this time period, while online advertising as a whole is expected to grow by 12%. Internet users are getting savvier when it comes to searching for local businesses online, the forecast stated. In addition, search engines are working to increase the quality of their local and zip-code-specific results. This growth should not discount traditional media, JupiterResearch warned.
Study: Detroit No. 18 on national walkability list
ARLINGTON, Va. Car crazy Detroit is No. 18 on a new report ranking U.S. cities based on their walkability. The Washington, D.C., region is first among the countrys 30 major metropolitan areas in the number of walkable places per capita, says the author of a report released Tuesday by the Brookings Institution. .
FORMER BAYOU FINANCE CHIEF GETS 20 YEARS IN FRAUD CASE
The company filed for bankruptcy in May 2006, prompting lawsuits that claimed it operated a Ponzi scheme that paid off old investors with money from new investors. Marino apologized before sentencing, saying he was "truly sorry." McMahon said she will order him to pay restitution in the "nine figures," saying she will set the amount within 90 days. Marino's lawyer said he will appeal the sentence. His client began helping prosecutors after an investor discovered his confession and suicide note at Bayou's Stamford, Connecticut, office in 2005. .
USGA Executive Committee Slate Nominated For 2008
James F. Vernon of Pasadena, Calif., has been nominated to serve a one-year term as president of the United States Golf Association by its Nominating Committee. The election of officers and the full 15-member USGA Executive Committee will take place February 9, 2008, at the USGA's Annual Meeting in Houston. .
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