Posts by Charles Rollins
Economists Explain Why Multifamily Needs the $1.9T Rescue Plan
Expect a surge in evictions if Biden’s $1.9 trillion American Rescue Plan doesn’t pass. By Les Shaver | January 26, 2021 at 07:44 AM If the economy hadn’t received a $900 billion relief package in late 2020, it could be in a lot more trouble right now, according to a paper published by The Urban Institute that was…
Read MoreTop 10 CRE Investment Predictions for 2021
It is that time of year again when we predict what might happen in the next twelve months. By Joseph J. Ori | December 14, 2020 at 03:41 PM By all accounts, 2020 was a shocker. Predictions made at the beginning of the year were, by mid-March, hardly worth the paper or electronic screen they were written on.…
Read MoreThe Pandemic Has Fueled Housing Demand in the Inland Empire
Increased e-commerce activity is generating more than industrial business. Homebuilders are also seeing increased housing demand in the market. By Kelsi Maree Borland | December 17, 2020 at 02:00 PM Historically, the Inland Empire has struggled during economic downturns, but the pandemic is unlike any other economic downturn. Increased online shopping has fueled jobs, income and population growth…
Read MoreRent hikes in Los Angeles, Orange County at 9-year low
Overall local inflation was 1% in November vs. 3 By JONATHAN LANSNER | jlansner@scng.com | Orange County Register PUBLISHED: December 12, 2020 at 8:12 a.m. | UPDATED: December 18, 2020 at 12:43 p.m. A pandemic-weakened economy has chilled rent hikes in Los Angeles and Orange counties to the smallest increase in nine years. The cost of renting rose at a 1.6% annual…
Read MoreA New Hybrid Opportunity Zone Investment Model Has Emerged
The new structure combines opportunity zone investment with the exclusion from capital gains for the sale of qualified small business stock. By Kelsi Maree Borland | December 18, 2020 at 04:00 AM Thanks to the economic challenges catalyzed by the pandemic, a new hybrid opportunity zone investment model has emerged. The new structure combines opportunity zone investment with…
Read MoreThe Multifamily Industry Preps for Permanent Remote Work
The majority of workers will return to offices following the pandemic, but there will be a substantial increase in the remote work segment of the employment market. By Kelsi Maree Borland | December 09, 2020 at 08:02 AM Before the pandemic, remote work was already growing in the US. In 2019, work-from-home employees accounted for as much as…
Read MoreFive-Story, 38-Unit Development Survives Appeal in Mar Vista
Multifamily housing slated to replace commercial building on Venice Boulevard GALLERY3 ADVERTISEMENT In a unanimous vote, the Los Angeles City Planning Commission has upheld the approval of a proposed multifamily residential development in Mar Vista, rejecting a series of appeals from neighboring property owners. Google Street View The project, which was issued a letter of determination by the…
Read MoreSanta Monica Sues Landlords for Fraud, Intimidation and More
Rent-controlled units in apartment building on San Vicente Blvd subject of lawsuit By Sam Catanzaro Santa Monica officials are suing the landlords of a rent-controlled apartment building, alleging fraud, intimidation, and attempted evictions during an eviction moratorium. Two weeks ago, the Santa Monica City Attorney’s Office filed a lawsuit against local landlords for violations of…
Read MoreApple snags Culver City offices, warehouses in $162M deal
Tech giant could have redevelopment plans for square block of propertiesLos Angeles /Dec.December 04, 2020 05:13 AMBy Matthew Blake | Research By Jerome DineenShare on FacebookShare on TwitterShare on LinkedinShare via EmailShare via Shortlink Share via Shortlink Apple is biting off more of Culver City. The tech giant has snagged a square block of office and warehouse properties in a deal with Venice…
Read MoreCRE Investment Expected to Rise by 50% in 2021’s Second Half
An increased amount of capital, combined with low interest rates and increased debt financing is expected to reinvigorate investment this year. By Lynn Pollack | January 20, 2021 at 07:44 AM Global investors are optimistic the market will rebound in 2021, according to new research from Colliers International Group. The firm’s new Global Capital Markets 2021 Investor Outlook…
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