Category Archives: Santa Monica

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…

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…

Client Need for Net Leased Retail – 1031 exchange – 45 Identification Period

IRS 1031 Exchanger in 45 Identification period looking for $3.5 to $5 million, national credit, preferably single tenant, NNN, triple net retail with at least seven unexpired years left on net lease.  Prefer absolute net.  No gas or 7 Eleven.  Fast food and fast casual fine if corporate lease or large franchise. Looking West Los…

Los Angeles Commercial Real Estate for sale or Lease

It probably goes without saying, if you’re interested in Santa Monica or Los Angeles commercial real estate for lease, especially in the project I just posted, contact me because the net leased commercial retail space available will be leased up quickly. I’ll be happy to be your Los Angeles commercial real estate agent.  Good Los Angeles…

Large Mixed Use Project for West Hollywood

Los Angeles Commercial Real Estate for lease

Developer Avalon Bay Communities and architects MVE partners will be building a 371 unit apartment complex over 32,300 square feet of net leased retail on the site of the old Movietown Plaza, which was demolished a month ago at Santa Monica Blvd. and Poinsettia. Included will be two market rate and one income and age…

Introduction to Retail Lease Terminology

I’ve had a number of calls lately from small multiunit residential owners wanting to 1031 exchange out of their property into Columbus or Los Angeles commercial property for sale.  The interest has primarily been in national credit, single tenant, triple net retail leased properties here in Columbus or Santa Monica / Los Angeles. My Columbus…

Owner User Commercial Real Estate Making a Comeback

Well into the early stages of a recovery, companies seeking to raise funds will sell their property to investors and lease back the space.  However, lately, with increased financing options and a constrained supply available companies are warming to the idea or owning their commercial real estate once again. I’m seeing this with Columbus commercial…

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…

West LA or Santa Monica Commercial Real Estate for Lease Needed

I’m a Santa Monica commercial real estate agent and have a client need for 800 to 1,200 square feet of net leased retail space for restaurant use in downtown Santa Monica, the village in Pacific Palisades, South Main Street, Venice, Marina Del Rey or downtown Culver City.  End cap or inline. No need for hood…

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…

Santa Monica Triple Net Retail Property for Lease Needed

I have a Santa Monica commercial real estate client need for a small 600 – 1,000 square foot ground floor space.  Better yet, if it was a formerly a frozen yogurt, ice cream or smoothie store.   We’re looking in Santa Monica, Brentwood, Pacific Palisades, Venice,  Marina Del Rey and Culver City.  Zip code 90025 in West…

Triple Net Retail Commercial Real Estate Market Update

Existing triple net retail commercial property has experienced quite a resurgence over the last couple of years for several reasons. First, new construction of triple net retail commercial property for sale and lease has remained at generational lows forcing rents up on existing inventory.   True, that retail real estate for sale are at prices that…

Santa Monica Client Need – Medical Office

Clients need for medical office lease space of 1,300 to 2,000 sq ft for orthodontics office.  Santa Monica triple net retail space will work provided that it’s also zoned and parked for medical.  Modified gross to triple net is fine.  Santa Monica Municipal Code require one parking space for every 250 sq ft. Prefer zip…

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…