Find out everything you need to know about your future agent.
Despite the market’s uncertainty, commercial real estate performed well overall in 2022. With healthy balance sheets, consumer demand was significantly boosted in retail and industrial asset classes. In both sectors of the real estate market, vacancy rates fell even further than the previous year, illustrating strong demand for retail and industrial spaces in the post-pandemic period. Spe...
Multifamily sales activity in Los Angeles’ city limits remained restrained in the third quarter due to the additional transfer tax implemented on April 1. In total, 132 properties worth just over $366 million transacted during the quarter. Activity represents around a third of the dollar volume witnessed in the first quarter. Of the properties that traded in the city, only 13 c...
U.S. commercial property prices resumed their decline in Q3 as interest rates once thought to be inconceivable have become the norm, and will likely continue for at least the next 24 months. Retail rent has increased 11% since the end of 2019 and 4% over the past year as retailers enjoy surging sales amid limited store space. The recent pace of rent growth is more than twice that seen ...
Here is the List of the Top 10 Largest Multifamily Deals in Los Angeles for 2023 915 N La Brea Ave | West Hollywood, CA 90038 | 179 Units ･ Apartments ･ Built 2016 | Sold March 2023 for $112,500,000 11450 N Poema Pl | Chatsworth, CA 91311 | 280 Units ･ Apartments ･ Built 1985 | Sold October 2023 for $107,000,000 600 N Broadway | ...
Commercial real estate is the third most valuable asset class in the US, right behind stocks and bonds. With an estimated market value of about $17 trillion, it’s understandable why a growing number of investors are adding commercial real estate to their investment portfolios. However, not all commercial properties are created equal, and choosing the right type of i...
College has gotten shockingly expensive. Think $42,162 for the average private college tuition in the 2023-2024 school year. It’s enough for many parents and kids to rethink whether they even need a degree in today’s world. But if you do want to help out with your kid’s tuition, real estate investments can help. Try these six creative strategies to lighte...
In the world of commercial real estate, understanding the financial potential of a property is crucial before making any investment. This is where a pro forma comes in. A pro forma is a financial model that projects the future income, expenses, and profitability of a property. It’s an essential tool for investors, developers, and lenders to assess the viability of a real estate project. ...
Multifamily Property Owners Find Hope as Vacancy Increases Finally Level Out It’s been a tough few years for multifamily property investors in Los Angeles. After the COVID-19 pandemic locked up rent increases for years, the gates finally came up at the beginning of 2024. But it was the definition of pulling blood from a stone. A crippled entertainment industry and floundering...
Last week, I was talking with another apartment owner about rent hikes for 2025, and I was surprised to learn that even experienced investors are unclear on what’s allowed in Los Angeles City versus Los Angeles County. So, I’ve broken it down below to help clear up any confusion and give you the info you need to plan for next year with confidence. Rent Increase Limits If you r...
If you’re involved in real estate or considering investing, you may have heard about a 1031 exchange. But what exactly is it, and why is it useful? Let’s break it down in plain terms. What Is a 1031 Exchange? A 1031 exchange, named after Section 1031 of the Internal Revenue Code, allows you to sell an investment property and defer paying capital gains taxes on the sale, as lon...
