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Archive

19
Dec

Learn About West Hollywood’s New Cannabis Lounge

How Lowell Farms: Cannabis Café is changing how Angelinos think about marijuana consumption. At Lowell Farms: Cannabis Café, patrons puff on joints and eat edibles as they snack on gourmet food.  This combination restaurant and cannabis lounge is the first in Los Angeles, located in West Hollywood, which is the only part of the city that allows for on-site marijuana

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12
Dec

How California’s New Rent Control Law Affects Multifamily Investors

Will new rent control laws impact California’s multifamily real estate investors? In October of this year, California’s governor signed a new rent control bill into law.  The new law (which takes effect on January 1) will limit annual rent increases to 5% plus the rate of inflation.  According to calculations from the California Apartment Association, this amounts to a maximum

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5
Dec

What to Think About When Renting to College Students

What real estate investors need to know about renting to college students. College students are considered a high-risk market for real estate investors.  When you imagine raging college parties hosted in a broken-down apartment, it’s easy to see why this is such a risky proposition.  However, it’s important to remember that not all renters fit this stereotypical image of a

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26
Nov

Will Orange County See the Expansion of Cannabis Dispensaries?

Learn about the spread of marijuana dispensaries through Orange County. Orange County is a traditionally conservative outpost in Southern California.  This is why it’s unsurprising that only one city (Santa Ana) out of the 34 that make up Orange County permits cannabis retail.  The city of Santa Ana only issues 30 licenses, meaning that, at most, there are only 30

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21
Nov

How Landlords are Getting Creative with Vacant Retail Spaces

How landlords are repurposing vacant retail locations. It’s no secret the retail real estate sector has been hit hard this year.  With several major brands closing their doors, 2019 has seen more store closures than any year in recent history.  This major shift in the retail sector has left many landlords to lose money every day as they manage their

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14
Nov

Updated Progress on Huntington Beach’s Desalinization Plant

Here is an update on the proposed Poseidon Water desalinization plant in Huntington Beach. Despite being proposed in 1998, the Huntington Beach location of Poseidon Water’s desalinization operations remains stalled.  While its sister location in Carlsbad has been operational for the last four years, plans for the desalinization plant in Huntington Beach are still being reviewed.  Poseidon Water’s $1 billion

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7
Nov

Why It’s Challenging to Sell Locations that Were Previously Gas Stations

Why sellers have trouble with former gas station locations. Because locations that served at gas stations are usually located on busy street corners and easy to access, you would think that they are prime real estate for developers.  However, this isn’t usually the case.  This is because former gas stations are almost always considered contaminated sites.  But why does this

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31
Oct

Cannabis and California Taxes

How the legalization of marijuana will affect California’s tax revenue. While you might assume that the legalization of marijuana would have clear tax benefits for the state of California, the reality is a little more complicated.  Because legal cannabis markets take time to establish, the tax revenue generated so far has not been particularly impressive.  But this doesn’t mean that

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24
Oct

Timeline Marking the Contentious History of the Bolsa Chica Wetlands

The ongoing battle between environmentalists and developers regarding the Bolsa Chica Wetlands. The Bolsa Chica Wetlands near Huntington Beach has long been prized by historians and environmentalists. As the site of an important ecological reserve and with 95% of the state’s coastal wetlands already destroyed, preservationists have fought to save the Wetlands for years and years. However, with coastal properties

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