A number of interesting news blurbs have been taking place in and around Los Angeles recently. From volunteers rallying together to honor soldiers to new developments taking place in Inglewood, here are a few stories taking place in the LA area.

Venice Mural Gets Facelift from Volunteers

Just five days before Memorial Day, a mural in Venice honoring veterans of the Vietnam War was defaced. Designed by artist Peter Stewart in 1992, the mural lists the names of 2,273 soldiers who were listed as either prisoners of war or as missing in action. The words “You Are Not Forgotten” is located at the tip of the mural. According to Stewart, he designed the mural with the hope of increasing awareness about those who are missing in action or who are still prisoners of war.

Due to the recent vandalism, however, hundreds of those names were spray-painted. A group of veterans and other volunteers from around the community took it upon themselves to clean the monument, which is located on Pacific Avenue. While this isn’t the first time the mural has been spray-painted, the latest vandalism runs along the entire bottom half of the monument. As such, while most of the spray paint has been removed, some of the names of the soldiers have been erased or obscured in the process.

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Water Cutbacks Helped Save on Electricity

While mandatory water cutbacks obviously helped to conserve water, the initiative also had an unexpected benefit: a savings on electricity. By simply cutting back on water by 25 percent, the city saved more on electricity than it has with all of the other energy efficiency practices the city has undertaken and at a third of the cost of those measures. According to data released by the University of California Davis Center for Water-Energy Efficiency, the state saved 460 gigawatt hours of energy. By comparison, the use of energy-efficient appliances and air conditioning units saves 459.4 gigawatt hours.

Inglewood’s Artists to See Big Changes

Inglewood is currently looking forward to three high-visibility projects. Among these are a new NFL stadium that will be hosting the Super Bowl in five years, the redevelopment of Hollywood Park into a mixed-used complex and the new station in its downtown that will be hosting the Crenshaw Line. How these changes will affect the community, however, remains to be seen – particularly how it affects the area’s large artist community.

Inglewood has been a popular location for artists since the 1980s, largely due to the inexpensive rates for studio space. At a rate of $1 per square foot or less, rent in the industrial space is highly-favored by artists. In Downtown LA or Culver City, on the other hand, rent would be at least double that cost. The low rates in Inglewood are largely due to the fact that many of the buildings have been owned by the same person for many years, thereby making it possible for them to keep their rents low. With live/work spaces on the horizon, however, this may soon change. Then it will remain to be seen if artists within the community will be willing to pay the higher rents.

These are just a few examples of the stories taking place around Los Angeles. If you would like to know more about what Southern California has to offer, contact our team of luxury real estate experts.

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(all data current as of 5/29/2017)

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