By David Corley Senior Managing Partner – Longstreet Worldwide Over the past thirty-years of dealing in commercial real estate transactions, I have had the opportunity of performing a variety of on-market and off-market transactions both as an owner and a broker. Both methods have their advantages and...
This year the US government has mandated that the government-sponsored loan providers Freddie Mac and Fannie Mae reduce the amount of permanent loans they can offer to multifamily housing properties. This means that real estate investors who are interested in purchasing or financing multifamily rental...
There are several ways that you measure how successful a specific multifamily property investment is likely to be. You could look at the rental growth rates and the vacancy occupancy rates to determine how well a particular rental property is doing currently, but these numbers...
The Los Angeles rent control map below provides a nice visual on areas that are subject to rent control in Los Angeles. Areas in BLACK are subject to the Los Angeles Rent Stabilization Ordinance (rent control). Areas in RED are not. (Click on image to...
In a recent Linkedin group discussion, Avison Young broker and investment advisor, Tony Kim, provides illuminating insights into establishing the most accurate market lease analyses for appraisal and/or formulating client advisory: "For general appraisals in Los Angeles & other counties in the Southern California market, there...
To protect oneself to avoid being stuck in a precarious position upon something happening to a rented house, apartment or room, it is strongly urged that all renter’s get rental insurance to cover any possessions owned and contained within the rented unit. Most homeowners’ policies do...
Tuesday November 27th saw the installation of the 2012-13 Leadership for the LA Chapter of CCIM. Awards were given to the 2012 Team, and a lavish dinner at the LA Athletic Club to celebrate. View the video below, and the press release HERE. The continued mission...
Tenants and Landlords In CaliforniaThe security deposit is a payment imposed by a landlord prior to residency from a tenant to cover the expenses of any repairs or damages to a rented/leased unit, greater than normal ‘wear and tear’. Additionally, it can be used as compensation...
The Los Angeles Chapter of CCIM—Certified Commercial Investment Member Institute--has recently announced that they will be holding their upcoming 16th annual installation dinner celebration on Tuesday, November 27, 2012 at the Los Angeles Athletic Club. Read the full press release here ...
Developer Rick Caruso’s luxury apartment project in Beverly Hills has recently opened on 8500 Burton Way at the intersection of La Cienega and Burton Way. Caruso incorporated a variety of architectural concepts—including a glass tower and modernist designs of the 1960s—coupled with 5-star concierge services...