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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 Woo Hoo! Santa Monica’s recently developed Ocean Avenue South has been honored as a 2016 ULI Global Award for Excellence winner. The residential mixed-use, mixed-income development was one of 11 real estate development projects from around the globe. The ULI 2016 Global Awards for Excellence is one of the land use industry’s […]

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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 Watch our Metro grow. In the most recent presidential elections, LA approved Measure M – the half-cent sales tax increase to fund new public transit projects and infrastructure improvements. Here’s our metro – now and future… As an FYI, Angelinos spend an average of 81 hours a year stuck in traffic. Currently, […]

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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. […]

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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 […]