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Grand Central Market is celebrating its 100th anniversary this year! The 30,000-square-foot open-air arcade of food vendors opened in 1917. At the time it was declared “the largest and finest public market on the Pacific Coast.” Standing at the intersection of culture and cuisine, the market’s transformation continues as food truck sensation Eggslut and Golden […]
The utopian idea of self-driving cars roaming the streets of Los Angeles has some real estate professionals scratching their heads. Many think the trend could lead to massive roadway and traffic redesigns, which could drastically reshape real estate development patterns. The most significant change could be a reduced need for parking, meaning that developers won’t […]
New renderings of the major mixed-use development City Market, planned for the Fashion District, was released this week at the Downtown Los Angeles Neighborhood Council’s Planning and Land Use Committee meeting. The massive project is expected to span across nearly 10 acres and would transform Downtown Los Angeles’ Fashion District. Plans call for the project […]
In the first quarter of 2017, the Los Angeles retail market vacancy rate ticked up 30 basis points to 4.1% as 532,000 sq.ft. were delivered to the market, according to the latest research from NAI Capital. This new space includes the largest IKEA in the United States, at 470,000 sq.ft. in the city of Burbank. […]
Despite negative absorption in the first quarter, the office market in the Greater Los Angeles area is slated for continued growth in 2017, according to a new report from CBRE. Thanks to strong demand, and strong job growth, CBRE predicts rents will rise 8.2 percent in 2017 and vacancies will fall 0.3 percent. The office […]
After 16 years of waiting, Angelenos will finally have access to Los Angeles State Historic Park. The 32-acre site between Chinatown and the Los Angeles River will open Saturday, April 22, after construction was repeatedly stalled due to budgeting issues, the Los Angeles Times reported. The city had originally planned to build an industrial and […]
Major Properties is a boutique brokerage firm with 15 agents. In spite of being small, we not only get our fair share of deals, but we also have a pulse on the Southern California real estate market. I’m sure that gives us an edge over our competition. Major Properties has approximately $200 million in deals […]
Mark your calendar and remember these predictions for 2017. Los Angeles industrial real estate will reach and top $400 per square foot. The confluence of cheap loans, massive demand, alternative uses, low vacancy and foreign money creates the perfect storm for an increase in values. Many off market opportunities exist and there are many well […]
Los Angeles Streetcar The Downtown LA Streetcar will be a modern, fixed-rail streetcar that offers new choices for how you connect to downtown’s neighborhoods, restaurants and bars, cultural and entertainment landmarks, and regional transportation resources—including Metro’s growing rail network. The four-mile route will run approximately 18 hours a day to connect riders with places like South Park, the Financial […]
On January 10, 2017, the Lucas Museum’s board of directors announced that the Lucas Museum of Narrative Art complex would be built in Exposition Park, adjacent to the USC campus. Los Angeles was chosen over a site on San Francisco’s Treasure Island. The museum is being designed by Ma Yansong and will display Lucas’ collection […]