Chris Mardelli's (mardelli) Blog

  I came across this wonderful article in the Chicago Tribune (Finding an area with appreciation potential) about buyers purchasing homes and properties in this current market. I think it speaks to our general areas, Pasadena, San Marino, La Canada. The idea behind purchasing now and waiting for ...

Yes, that’s right, affordable and Pasadena in the same title. Although this wonderful area tends to bring a higher price tag to homes, there are some great deals and softened prices out there. It’s just a matter of patience and persistence. With the onslaught of short sales and bank owned REOs, ...

  Granted this doesn't have much to do with real estate, but it does deal with the economy, so let's discuss briefly. The new iPhone 3G came out on July 11th, and people have been lining the streets of Old Pasadena since then. At the same time this week much the same line wrapped around IndyMac l...

  The quiet tree lined streets of San Marino, peaceful, calm, and under constant surveillance? No it's not "Big Brother" and although the top notch San Marino Police department is out to keep the streets safe, the Neighborhood Watch program is a separate initiative, that pushes neighborhoods and ...

  Just a quick prelude to the news (Government shuts down mortgage lender IndyMac, AP), in our dealings with lenders during this roller coaster ride in Real Estate, we've heard quite a few odd excuses and tighter regulations due to the "credit crunch." Nothing compares to the following reasoning:...

  Feel like catching a free flick in the streets and alleyways of Pasadena on a warm summer night? For three weekends starting this Friday July 11th, movies will be projected in both expected and unexpected places such as the One Colorado Courtyard (image to the left, the screen can be seen on th...

  Professional Football teams have come and gone through Los Angeles, leaving behind nothing more than a faded memory. For one developer, they left a little more behind, the desire to create a place where an NFL team can call Los Angeles home. In fact Edward Roski has plans to build a "state-of-t...

The hope of the Pasadena Gold Line extending 24 miles out to Montclair has been voted onto the back burner for the time being. Although ridership has increase quite a bit (Rail use up 19%; extension vote set, Pasadena Star News), the vote went to waiting until November to re-access the project a...

  After 23 years of pushing to get the project through, the Georgian Revival Raymond Theatre in Old Pasadena will be converted into The Raymond Renaissance. A $45 million project consisting of 28 condominiums, 10 lofts, and retail geared to pull traffic away from the main Colorado Blvd. strip. Al...

It isn't hard to notice the mass construction when driving down Green Street, across from Paseo Colorado. And as with most construction, it evokes curiosity. If you're a Pasadena resident you may be more anxious than curious, and you may be a little tired of all the construction dotting our city...