When it comes to selling or leasing a commercial property, property owners may be tempted to try to handle the process on their own to save on commission costs. However, working with a commercial real estate agent can provide numerous benefits that can ultimately save time, money, and hassle in the long run. Here are […]
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) […]
Due to the COVID-19 crisis, on April 15, 2020, the IRS issued a notice granting relief to taxpayers extending a variety of tax-related deadlines, including those within a 1031 exchange. Consequently, if either the 45-day deadline or the 180-day deadline of your exchange falls between April 1 and July 15, the deadline has been extended to […]
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 […]
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 […]
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 […]
Executive Vice President Anthony Behar was interviewed by Bill Black on the Exit Coach Radio Show recently. Here are his views on the Downtown Los Angeles real estate market:
On August 11th, the Los Angeles City Council voted in favor of having the city sign a contract with the International Olympic Committee and the city of Paris to bring the 2028 Summer Games to Los Angeles, four years after the Games take place in France. At this point the IOC’s vote to approve the […]
The Los Angeles Times has reported that a skyscraper that would be the tallest residential building in California has been proposed for Downtown Los Angeles. Crescent Heights, a Miami-based developer, submitted a proposal to the city Planning Department this week to build a 70-story apartment building that would stand out in size and design amid […]