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Featured image credit: Visitor7 We often talk about the history of Los Angeles on this blog, but today we’re going back to the very beginning. Sort of. Indigenous people lived in the area we call Los Angeles for centuries before the city’s first stone was laid. But if you ask locals to take you to the beginning, most will guide you to a vibrant pocket at the border of Downto...
It’s a great time in California to own an ADU. Last year, our government made it easier than ever to build authorized accessory dwelling units (ADUs). But now, thanks to Assemblyman Phil Ting’s (D-San Francisco) recently drafted Assembly Bill 1033, it’s becoming just as easy to sell these units as ADU homes the way one would sell a condo. It’s a big step toward solv...
In the ever-evolving realm of commercial real estate, staying abreast of the latest trends and market dynamics is crucial for investors, developers, and industry professionals alike. As we venture further into 2024, the landscape of commercial real estate continues to be shaped by a myriad of factors, ranging from technological advancements to global economic shifts. Let's delve into some k...
The Los Angeles multifamily market outlook remains strong in 2024, thanks to the city’s broad-based, resilient economy. “From entertainment to healthcare to the tech sector, LA’s status as an economic powerhouse continues to support its multifamily market,” said Matthew Krasinski, Senior Regional Sales Manager at Chase. Los Angeles real estate trends show vac...
Worthe Real Estate Group, QuadReal Property Group, and Stockbridge Capital Group have paid $375-million to acquire The Burbank Studios from Warner Bros. Discovery, the companies announced this week. Formerly home to NBC Studios and the Tonight Show, the 27-acre property at 3000 W. Alameda Avenue, has since become the local base of operation for Warner Bros., which occupies a p...
Ten months since our last in-person update, vertical construction is complete for a mixed-use apartment complex at the edge of Downtown Burbank. The project from LaTerra Development, located on an eight-acre site at 777 N. Front Street, is being developed as a joint venture with QuadReal Property Group. The podium-type complex will feature 573 residential units - inc...
Los Angeles, CA, offers a thriving, top-tier metro with a massive population, surging economic growth, and plentiful commercial real estate opportunities for ambitious investors and tenants alike. The sprawling MSA features a sizable CRE inventory within its thousands of square miles, dozens of cities, and multiple regions. Principals and expanding businesses consider Los Angeles a premier a...
Costs Remain Elevated, Even as Growth Slows, Economists Say Single-family houses in Las Vegas had some of the fastest price growth in June. (Brian Rodriguez/CoStar) Prices for existing single-family houses across the United States hit an all-time high for the fourth straight month. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index climbed 5.4% on an annual basis in ...
LA officials say city can meet goal of adding 255,000 homes An aerial view of the Hollywood Hills in Los Angeles, a neighborhood made up largely of single-family homes. (Christopher Montagne-Waggoner/CoStar) The Los Angeles Planning Commission is proposing to construct 255,000 residences, mostly in multifamily buildings in areas zoned for apartments and other commercial uses rather th...
The way we work is changing fast. and office spaces? They’re evolving just as quickly. By 2025, the traditional cubicle farms of the past are basically ancient history. Here’s what you can expect in the office of tomorrow. 1. Hybrid everything Offices in 2025 will be designed for hybrid work. With more people splitting time between home and office, companies will shrink their ...
