Prop 15, aimed at raising taxes on commercial properties, is dead

Proposition 15, the statewide ballot initiative that would have raised taxes on large commercial property owners, has been defeated. Unofficial results from election night showed voters had rejected the measure. A week into counting, there are likely not enough ballots remaining to change that outcome, the Los Angeles Times reported, citing the Associated Press’ tally. [...]

By |2020-11-16T18:01:03+00:00November 16th, 2020|.|Comments Off on Prop 15, aimed at raising taxes on commercial properties, is dead

Commercial Real Estate Prices Regain Some Ground

Commercial real estate prices showed modest gains in August after sustaining losses in the early months after the U.S. coronavirus outbreak, according to the latest monthly CoStar Commercial Repeat Sale Indices. Even so, both indices show prices remain below pre-pandemic levels. The equal-weighted U.S. Composite Index, which reflects the more numerous but lower-priced property sales typical of [...]

By |2020-11-16T17:45:12+00:00October 6th, 2020|.|0 Comments

1031 Exchanges Are Driving Transaction Volumes

1031 exchange demand is driving the majority of transaction volumes during the pandemic. While some new opportunistic capital has entered the market, the majority of investment demand for CRE assets is coming from 1031 exchange buyers. The activity has not only helped to prop up transaction volumes but has also helped to stabilize pricing [...]

By |2020-10-07T16:52:15+00:00August 31st, 2020|.|Comments Off on 1031 Exchanges Are Driving Transaction Volumes

California Property Tax, Rent Control Ballot Measures Now Have Names and Numbers

California election officials assigned numbers to a dozen statewide initiatives on the November ballot, including the high-profile property tax and rent control measures that are vehemently opposed by the commercial real estate industry and other business groups. Secretary of State Alex Padilla this week presented the newly numbered rent control and split-roll property tax [...]

By |2020-07-09T22:34:26+00:00July 9th, 2020|.|Comments Off on California Property Tax, Rent Control Ballot Measures Now Have Names and Numbers

Dollar Store Demand Takes Off As Investors Seek Safe Havens

Dollar stores have become an investor favorite during the pandemic. These discount chains have historically performed well during economic uncertainty and economic downturns, and as a result, private investors are flocking to opportunities. “You don’t find a lot of corporate tenants that are investment grade with 15-year triple net leases that you can purchase at [...]

By |2020-07-08T16:12:02+00:00June 17th, 2020|.|Comments Off on Dollar Store Demand Takes Off As Investors Seek Safe Havens

COVID-19: Why It’s A Good Time To Sell

Los Angeles remains one of the nation’s premiere industrial hubs. In a typical year, demand from the Ports of Los Angeles and Long Beach, as well as the region's diversified economy, helps keep local industrial inventory nearly fully leased. Low vacancies drove robust rent and pricing growth earlier in the cycle. However, with the [...]

By |2020-05-21T22:55:44+00:00April 14th, 2020|.|Comments Off on COVID-19: Why It’s A Good Time To Sell

‘Split-Roll’ Advocates Put Prop 13 Revision Measure on California’s November Ballot

Some of California's commercial property owners could face a fundamental change to their property bills if voters approve a new measure to revise one of the state's most contentious pieces of legislation. Advocates seeking to reform the most populous U.S. state's landmark property tax law known as Proposition 13, which allows properties to be reassessed [...]

By |2020-05-21T22:56:09+00:00April 6th, 2020|.|Comments Off on ‘Split-Roll’ Advocates Put Prop 13 Revision Measure on California’s November Ballot

Top 10 CRE Investment Predictions for 2020

At this moment, 2020 looks well positioned for further growth for commercial real estate, albeit perhaps not as much as the pace seen in the last few years. Following are 10 investment predictions for the year that will help shape this year’s growth. 1. Rent Control Will Spread in the US New rent control laws [...]

By |2020-05-21T22:55:25+00:00January 31st, 2020|.|Comments Off on Top 10 CRE Investment Predictions for 2020

Trade Volume at Los Angeles’ Twin Ports Tumbles in October, Vacancy Rates Remain Low

Trade volume fell sharply at Southern California's twin ports of Los Angeles and Long Beach in October, as measured by loaded 20-foot equivalent unit containers, known as TEUs. For the month, trade volume was 12.4% lower than a year ago, continuing the decline in shipping activity seen since the end of 2018, while the less-volatile, six-month trailing average declined [...]

By |2020-05-21T22:56:50+00:00November 18th, 2019|.|Comments Off on Trade Volume at Los Angeles’ Twin Ports Tumbles in October, Vacancy Rates Remain Low

Changes to Proposition 13 Could Cause Commercial Property Owner Taxes to Increase by $12 Billion

California’s landmark property tax law may be facing a change. An effort to repeal protections of the property tax-cutting measure known as Proposition 13 for commercial real estate has qualified for the state’s 2020 ballot. [1] The measure qualified for the ballot in October after proponents collected more than the 644,000 signatures required by [...]

By |2020-05-21T22:57:19+00:00March 14th, 2019|.|Comments Off on Changes to Proposition 13 Could Cause Commercial Property Owner Taxes to Increase by $12 Billion