Westwide

edited by Jodi Summers Those of you who are waiting for the Los Angeles apartment market to weaken may be waiting a long time. The world class desirability for the West Side of Los Angeles will continue unabated for the near future. According to Marcus and Millichap’s Multifamily Research Market Report, Second Quarter 2016, “Limited […]

find a place to stay

by Jodi Summers Do you want to know what rental prices at the beach have gotten so high? Short-term rentals have pushed up the demand and thus the price. The Los Angeles Alliance for a New Economy, a labor-backed advocacy group, estimates that more than 7,000 houses and apartments have been taken off the rental […]

hong kong heat island 2 pm 2 am

by Jodi Summers Here’s a new term for you – heat islands. An urban heat island (UHI) is a city or metropolitan area that is significantly warmer than its surrounding rural areas due to human activities. It is caused when heat is absorbed by the concrete and pavement of buildings and streets. And, as we […]

construction workers in the sunset

by Jodi Summers Why are Los Angeles multifamily properties the top investment choice among U.S. investors Robust  job  creation  and  economic  growth in Los Angeles County have created a vigorous  demand  for  multifamily  housing.  Overwhelmingly, residents are  choosing  to  rent  over  homeownership because of  the  extreme cost  of  a  single-family  home.  As a result, vacancy […]

boomer stampede

by Jodi Summers Amazing statistic about aging… approximately 10,000 people a day will be turning 65 through 2030. That age group – seniors – will grow to 88 million…and they are in motion. More than half of all homeowners are 55+, and they accounted for more than a quarter of homeowner moves in 2014. As […]

senior lliving

by Jodi Summers Greening units for Baby Boomers simpler than greening space for Millennials. In the 60+ crowd, green means more efficient. As boomers approach retirement, many are looking to make smart financial moves, so it’s not just a matter of green living, it’s about and being more efficient with the use of their dollars. […]