Just got an insurance quote for a multi tenant industrial deal in SoCal at 11 cents. Pre-Covid this was typically 2.5 cents. Over 4x increase in three years. And this is after several carriers refused to even quote the deal. Unfortunately this issue isn’t limited to CA,

If she fell, then got kicked in the face after hitting the ground, then this would be entrepreneurship.

Los Angeles commercial real estate property management companies: anyone in need of a solid Maintenance Supervisor? Please DM me, I have a guy who is an absolute rockstar. His company is downsizing so he was just got let go.

When you request comps and five days later you receive a Costar printout that took 23 seconds to prepare.

2023, 2024, and 2025

No

If you are over 6’ tall, don’t buy economy seats on avianca.

In 2015, El Salvador was the most violent country in Western Hemisphere. Today, it is safer than Los Angeles.

Crazy how long this took to get approved. berkeleyside.org/2024/06/06/peo…

It would take years to accomplish something similar in California. And the likelihood of success is much smaller.

Typical construction timeline: Months 1-3: 0-95% complete Months 4-12: wrapping up that last 5%

Truth. Here’s a few more: -Development cycle is months compared to years, allows owners to more quickly meet market demand without years of market-related risks. -Compared to multifamily, tenants have less emotional attachment to their space, therefore the product is less

Anyone buy MF deals in NJ? Got an off market deal want to better understand how to u/w prop tax

Marty’s > Apple Pan Not an opinion. Fact.

This happens often in LA County. Bought an 18-unit apt building arms length and Assessor decided to value it ~30% higher than what we paid. Our PP was disclosed on the PCOR form. Took almost three years fight to get value back down and had to pay the inflated prop tax the

Austin TX has delivered roughly the same number of housing units as Los Angeles County in the last 10 years, with 1/4 of the population. This disparity between will only increase in the next 10 years due to policies highlighted below.

Lots of chatter on L.A.'s hostile environment for apartment investors and developers, so I dug into the data to see if investors and developers are voting with their wallets. Answer: Yes. Key stat No. 1: L.A.'s share of new U.S. apartment starts are at 25+ year lows.

AB 1482 allows for substantial renovation as just cause for no-fault evictions so not sure how this is legal.