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There’s an absurd amount of propaganda about the housing market in the news these days. And it’s not just our clients who are absorbing it. Realtors are coming to me in a panic over clickbait-style headlines from respected journalists. I was watching a video the other day in which a journalist stated we could see a “20% decrease in housing year over year.” But they ...
Rent control in Los Angeles is confusing people; especially with an ongoing state of emergency gripping the city. We witnessed this first hand when we attended the Los Angeles Housing Department’s (LAHD) Wednesday, August 24th webinar. The meeting was primarily packed with landlords as baffled as they were angry. Despite his succinct responses, host Agassi Topchian, a member of ...
The opening of a new resort in Palm Springs doesn’t happen everyday. But it does happen enough that it isn’t exactly news. So why are we devoting a whole blog post to the Twin Palms Resort? The latest in a long line of gay resorts Palm Springs tourists have been awaiting is definitely its own flavor. For one, it’s new, but it’s also historic. And some...
Is now the right time for prospective buyers to purchase that luxury mansion they’ve been eyeing? Well, that depends. But if you’re in the market for Los Angeles luxury homes, you may be seeing a decent amount of them hitting the market in the coming weeks. That’s because Measure ULA, nicknamed the “mansion tax” despite the objection of our own Arthur Chalekia...
Some are calling it the kind of relief one expects from a functioning first world government. Others are calling it an overreach that ignores the real solution. But no matter how you slice it, the Biden administration announced on Wednesday, January 25 its intention to establish a fledgling “renters bill of rights.” What does this mean? A diverse battery of renters rights applied at...
If you’re looking forward to home prices dropping in the near future, you may want to read this. Our CEO, founder, and principal broker Harout Keuroghlian recently made clear his belief that we’re not going to be seeing home prices reduced by much, if any, in the foreseeable future. And when Harout has a “belief”, you can count on it being more of an educated guess. His ...
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...
The medical office building (MOB) market in Los Angeles is heating up. With growing demand for healthcare services, the need for specialized real estate has skyrocketed. This boom is changing how providers, investors, and developers approach the LA commercial real estate scene. Here’s a breakdown of what’s happening. 1. Demand driving growth LA’s population is expanding fa...
