Liquefaction_at_Niigata

by Jodi Summers Get ready for some major chaos and expense. According to a City report, more than 2,200 buildings in Santa Monica may be vulnerable to collapse or major damage during an earthquake, including more than 1,800 soft-story buildings, 220 brick buildings, 73 concrete buildings and 71 steel-frame buildings. The report concluded, “many buildings […]

by Jodi Summers It’s another season, time for another UCLA Anderson Forecast…but this one held some surprises in several locations of the traditionally stalwart multifamily sector. For the first respondents in San Francisco and Silicon Valley were strongly negative about the future of multifamily, with moderate negativity cropping up in East Bay and San Diego. […]

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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. […]

millennials-dont-enter-retail-stores-with-a-plan

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 […]

girl beach suitcase

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 […]