Everyone has ideas about greening residential real estate, but what about commercial investment property going green. Share your experiences or questions…comment here!
Mandatory Access to Commercial Property for Telecommunications Providers? How do the contracts between commercial or multi-family property owners affect Tenants? The FCC is asking for your comments on an issue that could affect who has access to your property.
Read on...Whether ‘tis better to sell and pay taxes or by deferring gain to leverage your portfolio? Section 1031 of the Internal Revenue Code provides that neither gain nor loss is recognized if property held for investment use in trade or business is exchanged for like property. The term “like kind” refers to the grade or quality of the property, not a specific type or class. Thus, single family rentals can be exchanged for a retail strip center, commercial or industrial property.
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AB 2204 is currently making it’s way through the legislature. It is designed to fight discrimination in the real estate market but its effectiveness has been called into question and it’s costs are great. The Bill will require a title insurance company to strike any racist covenants, conditions, or restrictions from the deed or other instrument before property is transferred. (more…)
Just because real property is purchased as an investment, it doesn’t mean that monetary damages are adequate to compensate the buyer for the loss of the subject property and accompanying investment opportunity. (more…)
The original proposal submitted to the City by Oasis West Realty, LLC, included a 14-story Waldorf-Astoria at the intersection of Wilshire and Santa Monica Boulevards with 120 hotel rooms and 30 condominium units with a 2-story element including a restaurant, a 3-story Beverly Hilton conference center with 50 hotel rooms and a one story cabana pool area. The proposal also consisted of a 13- story condominium building with 42 residential units (Residence A) on the corner of Wilshire Boulevard and Merv Griffin Way, and a second 13-story condominium building with 48 residential units (Residence B) on Santa Monica Boulevard. During the Planning Commission’s review, the proposed project was revised several times. (more…)
C.A.R. is OPPOSING AB 2678 (Núñez) which among other things, requires that ALL homes and commercial property in California have an energy audit at point-of-sale and that mandatory energy efficiency investments be made. While C.A.R. appreciates the goal of AB 2678 C.A.R. strongly opposes the point-of-sale requirements in AB 2678 because they fail to achieve the bill’s objectives and, such mandates will further weaken the housing market. If enacted, AB 2678 could add thousands of dollars to the cost of purchasing a home, including up to $400 just to have a home audited.
The Greening of Century City Pedestrian Connectivity Plan is scheduled to create a vibrant live-work-play community where all aspects of life can be accessed within Century City, and enhanced with connections to transit that provide quick and easy routes to other parts of the city. Does a Century City real estate investment make sense in this market?
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The proposed “Subway to the Sea” will extend the Red Line from the current terminus at Wilshire Blvd. and Western Ave., heading west along Wilshire Blvd to Beverly Hills, Century City, Westwood and UCLA and on to the Pacific Ocean in Santa Monica, the Wilshire corridor subway will form the essential high capacity trunk line our public transit system needs, interconnecting with a vastly improved transit bus system and an expanding network of light rail lines. Find out more from the Subway to the Sea Coalition.
Local government regulation may affect what you can charge a Tenant, the increases you may request, and the conditions upon which you may evict or relocate.
It is important not only for Buyers to be aware of these regulations as part of their Due Diligence, but also Sellers, and their agents, in order to properly value rental income properties, (more…)
