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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
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
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
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
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
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
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
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
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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