How diversity can solve the problem of aging players in the commercial real estate industry. Statistics on the commercial real estate industry show that it is increasingly led by an aging population. In fact, the average age of just the property management sector is well into the 50s. With retirement age creeping up on many of the major players in
How the commercial real estate sector can recruit talent. Anyone who is involved in the commercial real estate industry has likely heard about the growing talent deficit. Experts identify several reasons why this deficit exists, from millennial and Generation Z’s preference for start-up culture to the commercial real estate industry’s inability to effectively recruit young workers. However, there are things
The marijuana banking bill is back. Six years after it was first introduced, the House of Financial Services Committee has released a revamped Secure and Fair Enforcement Banking Act of 2019. Also known as the SAFE Banking Act of 2019, this new draft is designed to create a safe harbor for banks to serve the growing cannabis industry. Curious to
New survey reveals which SoCal commercial real estate sectors are growing in popularity. The latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey revealed the current state of the commercial real estate market in Southern California. This biannual survey gathers the opinions of an anonymous panel of real estate executives who are currently working in SoCal’s real state markets.
The future of California’s bullet train is in jeopardy. While uncertainty has surrounded California’s high-speed rail network since its proposal, things are on even shakier ground now that the Trump administration has stated that they intend to terminate the $928 million federal grant for the $77 billion bullet train that would connect Los Angeles to San Francisco. In a separate
Stumped on where to travel this summer? These vacation spots won’t disappoint!
Learn about Urban Commons’ revamp of the Queen Mary ship in Long Beach, California. Urban Commons, a Los Angeles-based real estate investment and development company recently announced that they would be starting their next stage of renovation for the ship-turned-hotel. Since its final voyage in 1967, the Queen Mary has been docked in Long Beach where the city has converted
Recent news on the controversial Huntington Beach Desalinization Plant. Back in 2013, Poseidon Water made a deal with Orange County and obtained the necessary permits to build the Huntington Beach Desalinization Plant. With a 50 million gallons per day capacity, the plant would help cover about 8% of Orange County’s total water demand and provide approximately 300,000 residents with fresh
Understanding some of the major issues regarding commercial cannabis leasing. We at California Commercial Realty Advisors pride ourselves as being experts in the commercial cannabis real estate market. While many clients come to us expressing an interest in renting out their commercial spaces to cannabis cultivation or distribution, they often do not know what to expect. To educate yourselves on