Major Properties is proud to announce the sale of a rare Sun Valley development site situated on 6.9 acres. The buyer, Epicenter Landcorp, has acquired the 11660 Tuxford St. site for $40,000,000, marking the completion of the group’s third real estate investment in the last 12 months. “A meaningful purchase price reduction, seller financing on […]
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 […]
I am often asked: Anthony, should I sell today, should I lease lease today, what really is the best avenue to take? My short answer always is “it depends.” This is not a cop-out answer but really the truth because there are many variables a property owner needs to consider when confronted with this issue. Let’s look […]
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 […]
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:
The Los Angeles Times has reported that the bustling Grand Central Market, one of Los Angeles’ best-known cultural landmarks, has been sold to a Beverly Hills real estate investor who vows to preserve its historic charms. The sale that closed Tuesday included the 12-story Million Dollar Theater tower next door, home to the first movie […]