The Concept of Walkability Emerges as Urban Development Trend To Watch

Somewhat surprisingly, Los Angeles has emerged as a city that is ready to embrace walkability going forward. A report titled “Foot Traffic Ahead: Ranking Walkable Urbanism in America’s Largest Metros” by the Center for Real Estate and Urban Analysis at George Washington University School of Business along with LOCUS: Responsible Real Estate Developers and Investors

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Mixed-use Project Proposed for Vacated Daily News Headquarters in Woodland Hills

The Woodland Hills Warner Center Neighborhood Council announced the approval of its first development under the Warner Center 2035 Specific Plan. The developer, Associated Estates of Richmond Heights, Ohio, has proposed a mixed-use development for the site located at 21221 Oxnard St. The site is currently occupied by a vacant 124,000 square foot office building

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Foreclosures in LA County Return to Pre-Recession Numbers

Signs continue to emerge that the worst period of California’s real estate crisis has passed. Foreclosure activity has now returned to pre-recession numbers. The steadily improving economy coupled with a rise in housing prices has led to a foreclosure activity stall. DataQuick reports during the period of January through March, 19,215 default notices were issued

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2014 Real Estate Forecast for Office, Multifamily, Retail, and Industrial Properties

Integra Realty Resources (IRR) has released their annual commercial real estate forecast highlighting expected trends for office, multifamily, retail, and industrial property types. This report examines real estate valuation, investments, and expected leasing trends that could occur in the aforementioned areas. IRR estimates that all real property values will increase over the next three years.

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‘Tower Burbank’ Changes Ownership

The tallest office building in Burbank, Tower Burbank located at 3900 West Alameda Avenue is being taken over by Worthe Real Estate Group. Tower Burbank is a 32-story Class A office building located in the city’s media district. It is a 487,000 square foot building that was once more than 95 percent occupied with the its

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An Introduction to Adaptive Re-use and Repositioning

Aging buildings have their charm, but most can no longer perform financially in today’s marketplace. The main tenet of adaptive re-use projects is revitalization of an existing space to enhance both the property’s performance and the satisfaction of visitors who make use of the building’s features. Owners must analyze various factors with this goal in

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