Playa Vista, a newly built neighborhood on the west side of Los Angeles, lacks much of what locals consider luxury. There are no estates, sweeping views or movie-star enclaves. Yet houses are selling for over $4 million, and rents are eye-watering.
Read MoreNew York City developers and builders certainly won’t strike gold with the Trump administration’s recent metal tariffs.
Following President Donald Trump’s early-March announcement that he would tax overseas metals — citing national security concerns with China as a rationale — the government imposed a 25 percent tax on steel and a 10 percent tax on aluminum imported from certain countries.
Read MoreIndustrial investors selling today are making big returns, benefiting from a market that has rapidly grown over the last three years. Industrial investor CT recently capitalized off of the evolving market, selling a value-add industrial facility in San Diego to an owner-user. While the investor’s original business plan was to lease the asset after renovations, an owner-user offered to purchase the asset shortly after it hit the market. CT was able to secure significant returns from the disposition, profiting off of what it says was ideal market timing for a medium-box asset.
Read MoreSan Pedro’s historic Harbor View House, now the state’s largest mental health facility, will be converted to a 100-unit rental property.
Plans for the nearly century-old harborside building also include around 15,000 square feet of ground floor commercial space, according to Urbanize.
Read MoreHoward Schultz reportedly told Starbucks employees that the retail sector was reaching a point where landlords of even prime centers would need to lower rents.
Donna Mitchell | Mar 26, 2018
As retailers continue to make headlines with bankruptcy filings and liquidations, one major tenant is said to be predicting that if the current environment persists, it might permanently reduce its real estate costs.
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