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Archive

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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17
Oct

News on Huntington Beach’s New Housing Developments

Housing shortages and development news in Huntington Beach. Over the next few decades, the city of Huntington Beach is projected to build fewer than 5,000 housing units.  This low number is an issue as Orange County struggles with a housing deficit of over 58,000 units, which is expected to increase to about 115,000 by 2045.  But why is Huntington Beach

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10
Oct

Experts Predict 12,000 Store Closings by the End of 2019

The “retail apocalypse” continues with more store closings on the way. 2019 has already seen 7,888 store closures, with major companies such as Payless ShoeSource, Gymboree, Gap, and Dressbarn announcing nationwide closings.  This number already outpaces the 5,844 total store closures seen in 2018.  Experts point out that, if these high rates continue, then we could see as many as

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26
Sep

Why Now is the Best Time to Purchase Commercial Real Estate

Why small business owners should buy their commercial properties. While many business owners choose to rent their buildings, there are some compelling reasons for buying these properties.  With the economy growing and interest rates at historic lows, now is a fantastic time to invest.  Here’s why small business owners should buy their commercial properties. No More Rent Small business owners

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