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Southern California is a high-demand market for industrial properties, but the steep rise in the cost of industrial real estate has made it more difficult for buyers to enter this market. The situation is further exacerbated by a lack of available land for new construction. This has led many businesses to seek alternatives, such as functionally obsolete industrial buildings, which
The Port of Long Beach is one of the busiest ports in the United States, acting as a gateway for both imports and exports, facilitating trade and generating jobs in the region. The port contributes greatly to the economic success of Southern California, accounting for over $200 billion in trade, which includes over 6 million containers annually. However, the high
Orange County (CA that is) has historically been known as ‘the conservative suburb south of Los Angeles’, evoking images of sprawling housing tracks, miles of beaches…and lately, amazing snow capped mountain views from Newport Beach! A closer look into Orange County demographics will reveal a far more diverse population than most people across the country realize. And that’s starting to
How Rich Uncles empowers average Americans to become real estate investors. A growing trend in the real estate investment sector is the use of crowdfunding to raise capital for transactions. Known as Real Estate Investment Trusts (REITs), this option allows people to invest in real estate, even if they only have a small amount of capital to contribute. This is
Why institutional investors hold back on affordable housing projects. Recently, the demand for affordable housing has been on the rise. While this investment pool is traditionally small, it has garnered attention from institutional capital. That being said, the opportunities for institutional investors to enter the market are limited. Here are some of the reasons why institutional investors hold back on
Will co-working continue to drive office leasing? In 2019, co-working was a major driver of office leasing activity. However, after the failed launch of the office-sharing start-up, WeWork, will co-working continue to be a force in the leasing market? Your commercial realty advisors report. Despite the failed launch of WeWork, experts predict that the co-working office leasing sector will continue
California’s continued economic growth leads to increased office space. Prolonged economic growth has driven demand for new office space in California’s key markets. To respond to this overwhelming demand, 2019 saw the addition of 16 million square feet of new office space. Your commercial realty advisors report on the top five California markets for new office space. 1) San Francisco
Concerns over the California Tax on Commercial and Industrial Properties for Education and Local Government Funding Initiative. In November, California’s ballot will include the California Tax on Commercial and Industrial Properties for Education and Local Government Funding Initiative. Under this initiative, commercial properties would be reassessed to market value every three years. The property would then be taxed according to
Learn how this new act will affect landlords of residential properties. The Tenant Protection Act of 2019 (AB 1482) went into effect on January 1, 2020. However, what does this act mean for California’s residential landlords? Your commercial realty advisors report on the act and the consequences that it has for the state’s property owners. AB 1482 brings two major
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