The pandemic threw the real-estate world into disarray, as people emptied out of offices, hotels, and malls and worked from their homes. That disruption has transformed how people and companies finance, operate, and occupy real estate, and though there is some erosion in fundamentals, multifamily property sales are doing much better than retail. “Commercial property […]

Six months into the global pandemic and Los Angeles multifamily fundamentals continue to deteriorate amidst economic disruption. As of June, the Los Angeles unemployment rate was the largest among the nation’s metro areas hovering around 18.1%. In the last several months more than 9 million California residents filed for unemployment amassing over 50 billion in […]

If Propositions 15 and 21 pass in California, tenants, landlords, investors, and the public at large will have to get used to seeing lots of real estate-related regulatory changes in the Golden State. Should these propositions pass, Californians can expect to see dramatic shifts in how they buy and lease residential and commercial properties, alongside […]

  Since 1978, residential, commercial, and industrial property tax has been based on their purchase price. The tax is limited to 1% of the purchase price and adjusts annually at a rate of 2% or inflation whichever is lower. When proposition 13 was first introduced property classes were paying their fair share. Over time residential […]

As of January 1st, 2020, the law, known as assembly bill 1482 or the “Tenant Protection Act of 2019” went into effect limiting annual rent increases for residential landlords. The law made it illegal to increase rent by more than 5%, plus the local rate of inflation.  For example, if you are renting in Studio […]

In Q2 economic activity declined with the closing of non essential businesses and stay-at-home orders. By most indicators the Muti-family market had one of its worse performances in the last 10 years. Vacancy rates spiked across the board particularly in submarkets with a large amount of recent development or development in the pipeline. Apartment demand […]