Tag Archive: West Side

Update Regarding Measure R2 Draft Proposal For Los Angeles Transit Projects

Los Angeles commercial real estate for sale and lease

I’m getting off of the topic of Los Angeles commercial real estate for sale and lease a bit.  Transportation in and around Los Angeles is of extreme importance if we’re going to have a thriving commercial real estate market well into the future when the population of LA county is expected to rise by another two…

Los Angeles MSA Massive List of Upcoming Mass Transit Projects

This is a link to an older post from Curbed LA dated January 2013, but since these projects can take a decade or even decades to be completed, it’s still very much relevant.   Although some of the proposed projects won’t be completed until 2040, they will drive Los Angeles commercial real estate investment decisions going…

Buyer Need for Triple Net Leased Retail – 1031 exchange

IRS 1031 exchange in 45 day Identification period looking for $3 to $4 million, national credit, preferably single tenant, NNN, triple net leased retail with at least five unexpired years left on net lease.  Prefer absolute net.  Corporate, single tenant 7 Eleven is fine.  Fast food and fast casual fine if corporate lease or large…

Grove Owner Rock Caruso Has Big Plans for the Village of Pacific Palisades

Our wealthy west side enclave of Pacific Palisades has been getting a little tired looking over the last 30 or 40 years and is in dire need of some sprucing up.  So in comes successful Los Angeles developer Rick Caruso who developed the Los Angeles commercial real estate net leased oasis named the Grove in…

Owners Holding Contest to Give Away Santa Barbara Restaurant

This is a very creative thing to do with your business if your kids aren’t interested in taking over. A Santa Barbara restaurant named Pace, will be given away to the applicant who can convince owners’ Jeff and Kim Snyder that they can breathe new life into the two year old Pace Food + Drink located…

West LA or Santa Monica Commercial Real Estate for Lease – Medical office Client Need

I’m a Santa Monica commercial real estate agent and have a orthodontic client need for 1,200 to 1,700 square feet of net leased retail or office space for orthodontist medical office use in Santa Monica, the village in Pacific Palisades, South Main Street, Malibu, Venice, Marina Del Rey or west Culver City in the 90066…

New Hollywood High Rise Commercial Real Estate Developments at Earthquake Risk

New California geological maps released last week show that several new Hollywood commercial real estate developments are within the 500′ fault zone if not right on top of the fault line. The new maps show the Hollywood fault, which runs from Atwater Village and Los Feliz through a redeveloping section of central Hollywood and then…

Los Angeles Commercial Real Estate Construction jobs up sharply

The Los Angeles / long beach area added more real estate construction jobs than any other metro in the country with the exception of Atlanta. The 8% increase places Los Angeles mid pack in rankings but in raw numbers, 9,100 new jobs was more than any other metro except Atlanta, which added 10,500, a 12%…

2013 Commercial Real Estate Review

It’s that time of the year again when everyone and their mother posts their yearend review for 2013 and/or forecast for next year, 2014.  I’m not going to do that, but instead linked is Deloitte’s 2014 commercial real estate forecast, which is long, detailed and usually fairly accurate.  I will summarize and editorialize a bit…

Triple Net Retail Client Need in Santa Monica

1031 buyer in 45 day identification period.   Prefers single tenant. Must be S&P BBB- or better corporate lease, triple net retail.  Absolute net even better.  Prefers Santa Monica commercial real estate for sale, but Malibu, Brentwood, Beverly Hills, Westwood, Culver City commercial property for sale also fine.  Los Angeles west of the 405.  Might consider…

Single Tenant Triple Net Retail Investment Property Becoming More Available

As interest rates climb just a bit and cap rates are at what’s likely to be a cycle low, I’m seeing more new or newer developer owned, single tenant, triple net retail or absolute net, national credit, leased investment properties coming on the market.  The availability of construction funding and newly built property coming on…

Santa Monica Client Need

Client need for modified gross or triple net medical office space in Santa Monica and specifically in 90405.  Must be zoned and parked for medical dental use in the city of Santa Monica. Contact me at 310-473-4789

Basic Types of Leases Including Triple Net Retail

I get a bunch of calls from proprietors starting a new concept and looking for a new space to lease or investment buyers looking for triple net retail leased properties to purchase so I thought it would be a good time to review the basic lease types. The corporate backed, investment grade, single tenant, triple net…

Los Angeles and Southern California Home Sales for June 2013

Resale home sales were down in June amid a very tight supply, but prices way up.  Bubble time is coming again and then we all know what’s after that.  We generally go approximately 14 years peak to peak and trough to trough in the Southern California market  Will we be right on time again this…

Southern California New and Resale Home Sales for April 2013

DQ News reports that Los Angeles and Southern California home sales reached their highest level since 2006 and median price reached five year high. A total of 21,415 new and resale homes were sold last in month in Los Angeles, Orange, Ventura, San Diego, Riverside, San Bernardino last month.  That’s up 4.1 percent from March…

Southern California Home Prices for March 2013

Median price hits 56 month high, up 23.4 percent from March of last year.  Much of that increase however, can be attributed to a big change in product mix as sales in higher priced neighborhoods have shot up and a sharp drop in lower end deals. A total of 20,581 new and resale houses sold…

Southern California New and Resale Home Sales for February 2013

DQ News reports that a total of 15,945 new and resale homes sold in February 2013.  That was down .7 percent from the 16,058 in January, but up 1 percent from the 15,780 sold in February 2012.  It’s typica for January and February’s sales to be about the same. Median price was down .3 percent…

Los Angeles and Southern California Home Sales for December 2012

A total of 20,274 new and resale houses and condos sold in December 2012, which is up 5.1 percent from the 19,285 in November 2012 and up 5.3 percent from the 19,247 sold in December 2011.  Sales were still 17.2 percent below the December average of 24,488 so there’s still room to grow. Median price…

Southern California Home Sales for November 2012

According to Data Quick, 19,285 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in November 2012.  Sales were down 8.5 percent from November, but up 14.2 percent from November 2011.  A decline from October to November is normal and expected.  The November average has…

West Coast Commercial Real Estate Recovery Strengthens.

The recovery is spreading west, which had been a deeply affect region of the country by the residential housing collapsed combined with the deep recession. There has been a few technology and/or energy based markets in California and Texas that have done well over the last couple of years and that strength is broadening to…