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by Jodi Summers Congratulations Los Angeles property entrepreneurs, you are meeting housing demands. It looks like LA real estate developers will add approximately 13,430 new multifamily units to the market by the end of the year. In an attempt to fill overwhelming demand, multiunit construction is at is fastest pace of development in 20 years. […]

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 […]

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 […]

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 […]

West Hollywood Sunset blvd

by Jodi Summers The green, green land of West Hollywood is the place in LA to invest right now. In the first quarter of 2016, WeHo is seeing lower per-square-foot sale prices and asking rents than 1Q 2015. Sunset Blvd….Santa Monica Blvd. > West Hollywood benefits from a very dense, compact urban form with small […]