If you run a small business, you might be wondering whether you should lease or own your property. As a partner and executive vice president at a commercial real estate brokerage, one of the most frequently asked questions I receive from clients is, “Should I buy or lease a commercial building?” Well, like anything in […]
This is a question that keeps circulating among many professionals in the commercial real estate industry, and it is a question that comes up daily with my clients. The short answer is, it depends. Wow, that is really thoughtful, Anthony. The reason it depends is because first off, each sector of commercial real estate (CRE) […]
CO-WORKING SPACE: How say you? A great concept that has given a professional work environment for many small business’s and has allowed larger companies to expand without taking big expensive traditional office space. I personally think it has been invaluable to so many, including office landlords, small business, one man operations and others. They have […]
Los Angeles is rich with famous people of integrity In times of community turmoil, it is good to remember the good we have in our lives and build our hope and aspirations for a better future on that. The legends I am referring to start with John Wooden. Yes, my USC buddies might want to knock […]
Ragfinders of California, a Downtown Los Angeles wholesale fabric store, has donated fabric to Project PPE to help medical professionals who are in need of medical gowns. See the Spectrum News 1 story HERE. Jacqueline Westman, along with her friend Brittany Walker, started Project PPE, a group of innovative design fields all coming together to […]
A Chatsworth toy company announced plans to help provide hospitals and health care workers with supplies needed to protect themselves during efforts to fight the worsening coronavirus outbreak. MGA Entertainment, the company behind the popular “L.O.L. Surprise!” dolls, launched the “Operation: PAC-MAN” initiative. It includes the donation of $100,000 to Ronald Reagan UCLA Medical Center, […]
Dear Friends, In 1991, I sold fifteen buildings in the Downtown Los Angeles market. In 1992 I did not sell one! The market had collapsed. The years of the junk bonds and Resolution Trust (RTC) hit the economy like a lightning bolt. Downtown LA saw 90% industrial vacancies, and a devaluation of property values by […]
Dear Friends, Due to COVID-19, last Friday Major Properties made the decision to work remotely from home. This past week we have closed some escrows and also lost a few. Many clients have pressed the pause button, and buyers and sellers have agreed to wait out the current situation. I have been getting many calls about […]
I subscribe to James Altucher’s monthly newsletter. I get more than my money’s worth as he also sends me multiple e-mails a week with various promotions with clever concepts and other ideas. This month he discussed who will be rich and who will be poor. I agree with his analysis and have more thoughts that […]
According the Urban Land Institute and update from Bisnow.com, here here some key factors affecting CRE going forward and into 2019: 1. Office and multifamily amenities on steroids: New office buildings and multifamily assets are going well beyond the fitness center and recreational areas to include child and pet care, bike storage and even a “curated garden” […]