The following is a list of the ten most expensive commercial real estate purchases in LA County. The list was compiled from information provided by CoStar, and includes properties in various asset classes. Transactions include properties sold between July 1 and September 30, 2014.
Read MoreAs we approach the third quarter of 2014, commercial real estate remains a seller’s market. There simply are a lot more buyers than there are sellers. Therefore, the seller is benefiting from the increased demand & competition for their property. There are many reasons why it is a seller’s market:
Read MoreHere at Commercial Brokers International (CBI), we have a mantra that our agents are constantly reminded of every day. It is ABC – “Always Be Closing.” However, this saying works only in theory. In reality, this is not always happening for two reasons. One, the process of selling real estate is a lengthy one, and includes qualifying, researching, etc. Two, agents are sometimes not doing enough to close more deals. The following are three main reasons, according to co-founder of Pono Asset Management, George Pino.
Read MoreAs a tenant to a commercial property, you might want to make various changes to your property so that it is more marketable. Structural changes almost always need to be consented to by the landlord with a submitted plan for approval. Nonstructural changes can sometimes be made if they are relatively simple, such as changing the carpet and the landlord already designated in the lease that such changes are ok.
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