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The Sears Mail Order District is a major new development in Downtown Los Angeles by the Shomof Group. Encompassing the historic Sears distribution facility and the surrounding 25 acres, The Mail Order District (MOD) is a visionary project that reactivates this architectural icon. Flux Branding was selected to develop an authentic brand that integrates the […]
The first condominium tower in Metropolis, one of the biggest real estate developments in Los Angeles history, officially opens Thursday amid a wave of construction that is crowding the downtown skyline with new tall buildings. The long-anticipated $1-billion luxury condo-and-hotel complex rising along the Harbor Freeway is one of a handful of mega projects being […]
Maybe it’s the turbo-charged national economy. Maybe it’s the Los Angeles housing shortage that has caused both rents and home sale prices to spike. Maybe it’s the pressure developers face of trying to launch a project before voters cast ballots on Measure S in March. Maybe it’s all of the above. Whatever the case, the […]
A foreign investor paid $26.5 mil for a multifamily development site in downtown Los Angeles. The property is entitled for a 24-story, 241-unit condo project that includes retail. The site sold for $795 per square foot. The site is located at 1135 W. 7th St. and is directly adjacent to the planned new Mayfair Hotel, […]
Southern California is home to close to a quarter of the country’s million-dollar housing communities, according to Realtor.com data. More than 400 zip codes in the region have a median listing price of $1 million or more, the Pasadena Star News reported. The area also contains nine of the country’s priciest 25 zip codes. Los […]
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 […]
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 […]
