Downtown Los Angeles (DTLA) is seeing the biggest development boom since the 1920s! As Bisnow puts it, “the revival of downtown Los Angeles tells a story of a comeback.” For decades, downtown LA has seen, violence, crime, urban flight, and general dilapidation—and that doesn’t even include smog and traffic. But since 2000, the City of …
Up front, commercial redevelopers have to pour a lot of money into their projects. Often these properties span 50K square feet or more. They become the central point for business districts in cities across America. Today’s redevelopment projects are largely multi-use, combining residential with retail and office. When investors back smart redevelopment projects, the returns …
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News that tech startups and residents alike have been moving out of Southern California due to rising prices is missing a big development – surprise! It’s office development on the rise in L.A. Office construction is picking up across the city of Los Angeles. In fact, there was a more than 53% increase in office …
Surprise! Office Development Rising in Los Angeles Read More »
Developers have always done their best to predict the up-and-coming neighborhoods ripe for getting in on the ground floor. Today finding new investment properties ready for development is less of a mystic art and more science. New data sources and SaaS platforms help pinpoint areas ripe for development and the type of property or business …
How Location Data is Improving Real Estate Development Read More »
A Mini-Permanent (mini-perm) loan is a type of commercial real estate loan that typically has a term between 3 to 5 years. Typically, a mini-perm is used to pay off a construction loan and fills in the gap until longer-term funding can be secured.Their flexibility allows them to work with numerous property types and situations. Developers use …
How a Mini-Perm Helps Developers Seize Opportunities Read More »
Some luxury estates built pre-2000s need renovation to match contemporary home buyer needs with the neighborhood’s price point. With other dated properties, it may be more cost-efficient to demolish the existing structure and rebuild. It’s not uncommon in some luxury markets to purchase a primely located property solely with the intent to raise new construction. …
The Luxury Fix-and-Flip Dilemma: Renovate or Rebuild? Read More »
A general contractor (GC) can dramatically influence a project’s bottom line. That’s why its important to know the right questions to ask when hiring one. Some questions are obvious like, “Are you licensed and insured?” or “What’s your availability” However, the right questions probe deeper into a contractor’s qualifications and workflow. On your next construction project, here …
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