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 […]
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 […]
Should everyone be scared and get out of stocks, sell all real estate and prepare for the biggest correction since 1991? Before you go and do something stupid, consider the facts. Since the election of Donald Trump, we have seen some of the most dramatic changes to national policy in many, many years: Deregulation, a […]
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” […]
Major Properties is proud to announce the promotion of Anthony S Behar to Executive Vice President and Partner. Mr. Behar has been with the firm since 2002, starting as a sales associate. He is the firm’s first associate to be named Partner. He will continue to serve his clients to sell, purchase or lease commercial real […]
The Los Angeles Business Journal has reported that the city of Los Angeles has opened a new online searchable database that will help it maximize the value of its property and aid in the creation of affordable housing and homeless services. “City-owned property is one of our most valuable assets, and we must maximize its […]
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 […]
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 […]