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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 […]
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 […]
I really like watching Kung Fu shows, as they are the ultimate good vs. evil type programs. The show Kung Fu starring David Carradine was a staple in my house growing up. The various life lessons that the monks taught “Young Grasshopper” were inspirational. My business practice follows similar principles of Kung Fu and other […]
Major Properties is a trendsetting boutique commercial, industrial and investment real estate brokerage firm located in Downtown Los Angeles. The current Los Angeles real estate climate is one that requires creativity and diligence to make deals happen. We have the experience and the skills necessary to locate today’s buyers and tenants and successfully market property. We have the benefit of […]