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
The annual Forbes Billionaires List speaks volumes about the movement and concentration of wealth across industries and geographies. The list includes two US-based self-made real estate billionaires added in 2015 and two added last year. How did these new members of the billionaires club make their money? What lessons can you glean from their success
*Synced from the Seattle and Real Estate blog Seattle, known as a progressive leader in information and technology, houses established companies and growing start-ups alike. As Amazon expands, Facebook moves in, and numerous start-ups take up stake in Seattle’s burgeoning technology hub, it is evident the commercial real estate industry, a sector some would say
As we round out 2014 with a slew of predictions about entrepreneurial innovation in the year to come, there’s one industry that’s virtually always overlooked in these discussions– commercial real estate. Nevertheless, mark my words. This industry is on the brink of disruption. Though one of the oldest industries in the United States, commercial real
You don’t need to be an Astor, a Rockefeller or a Trump to own a piece of New York City real estate. Everyday New Yorkers are grabbing stakes in massive Manhattan skyscrapers, thanks to a wave of new crowd-funding initiatives that match small-time investors with big real estate projects. Call it Kickstarter for commercial real
More than 30 years ago, officials promised that Los Angeles’ first modern subway would cut through the congested and heavily populated Wilshire Corridor connecting downtown to the city’s coastal suburbs. Now, after decades of delay over safety and environmental concerns, court battles and congressional debate, construction is finally beginning on the first phase of what
Downtown Los Angeles, once disdained by Wall Street as a weak collection of office buildings with no pizazz, is drawing newfound fascination from New York firms, many of which are sinking money into the Southland’s resurging commercial district. L.A. County has seen a 23% increase in the dollar volume of investment from the Empire State
Cassidy Turley, a company with Baltimore roots that has grown rapidly across the U.S. since it launched in 2010, is getting a new corporate parent and will soon have a new name. Private equity giant TPG, investment management firm PAG Asia Capital and the Ontario Teachers Pension Plan will buy Washington, D.C.-based Cassidy Turley and
It’s time for commercial real estate to get the tech startup treatment, ready or not. New York startup Hightower is raising cash fast to roll out its software that the company claims can finally improve the workflow of the insulated and arcane world of commercial leasing. Real estate, especially on the commercial side, isn’t exactly the sexiest
The real estate investment trust has acquired Avenue Kearny – an industrial park totaling 138,980 square feet for $11.5 million. This sum breaks down to $83 per square foot. The industrial park is located in Valencia. Rexford Industrial Realty Inc. primarily focuses on value-add properties within infill submarkets in Southern California. Speaking to this, co-CEOs