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edited by Jodi Summers Donald Trump may be the most outspoken real estate billionaire, but he’s not the richest. The 2016 Republican Presidential Candidate had a net worth of $3.7 Billion at election time; in real estate terms, that ties him tied with local developer Rick Caruso at #156 on the Forbes list of billionaires. […]

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by Jodi Summers Have neighborhood rents finally topped out? Los Angeles’ high rents are impacting the city’s demographics, as young people leave the city for more affordable metros elsewhere in the country. A new report from Apartment List analyzed the Census data of 18- to 34-year olds from 2005 to 2015 and found the number […]

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by Jodi Summers Owners beware: the multifamily sector has become increasingly vulnerable to legal issues stemming from Airbnb and VRBO rentals. The multifamily rental market, including lessees of apartment units, are omnipresent ghosts on the short-term housing submarket. Because of what is written in their leases, a tenant has no desire to herald to the […]

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by Jodi Summers Expect the average rent on an apartment in much of Southern California will rise by at least $100 over the next two years, concludes the USC Casden Multifamily Forecast, released by USC’s Lusk Center for Real Estate. Beacon Economics prepared the report for USC, analyzing rents, housing supply and population growth in […]

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by Jodi Summers Here’s what makes Los Angeles different from most every other big city except New York, the majority of people living in Los Angeles rent as oppose to own. Look at the statistics for the county; they overwhelmingly skew toward renting due to the high cost of single-family homes in the Los Angeles […]

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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 […]