If you own multi-family in California your property is most likely going to be rent-controlled effective January 1st, 2020. Areas that already had rent control laws in place (City of Los Angeles, West Hollywood, Santa Monica, Beverly Hills) already have rent control laws in place, so they are not subject to this new ordinance. The
Sydney and Paris —Europe’s largest commercial property firm Unibail-Rodamco is set to acquire U.S. and U.K. mall owner Westfield Corp. (ASX: WFD) for $15.7 billion. Paris-based Unibail-Rodamco owns and operates a portfolio of 69 shopping centers across major European cities including Paris, Madrid, Stockholm, Amsterdam, Munich, Vienna, Warsaw and Prague. Sydney-based Westfield operates 35 malls
As the Waldorf-Astoria in Beverly Hills opens, there’s specific design elements that can be really attractive. The new industry standard is to create a rooftop vibe. Two new Manhattan hotels feature one of the hottest and most highly coveted amenities in the hospitality industry: rooftop venues that offer food, drink, entertainment and spectacular views. The
The implications of Amazon’s $13.7-billion Whole Foods Market purchase will go significantly beyond the world of grocery stores, potentially reshaping retail districts in downtowns and suburban shopping areas across America. Not long ago, the typical American strip mall had a video store, music store and a supermarket. However, Napster and iTunes slayed the neighborhood music
What is Cap Rate? Simply put, Cap rate is the percentage of return from an investment based on the income the property is expected to generate. It is calculated when you divide the NOI (Net Operating Income) by the total acquisition costs (or the price paid for the property). The purpose of finding the cap
The Burbank Empire Center has been purchased for more than $133 million, according to CoStar Group Inc. The 350,000-square-foot, Class A office at 2300 W. Empire Ave. sold for about $380 a square foot to New York Life Real Estate Investors in San Francisco, the real estate arm of a subsidiary of New York Life
For immediate release Introducing the new DMC Real Estate Website. Pleased to announce our new web site. On March 21st 2017, DMC Real Estate made live the website that focuses on the needs of their clientele. The website is mobile friendly with information on how to contact DMC. The content is focused on investment properties