Commercial Real Estate Outlook - Q2 2017 - Los Angeles Westside

What's in store for the second quarter with regards to commercial real estate in Los Angeles? George Pino, CEO of Commercial Brokers International, gives his outlook. 


1. Retail - How is retail looking in Q2? Many store closings & bankruptcies lately – example: JCPenney, RadioShack, Macy’s, Sears, Payless, etc. Do you see more stores closing & companies going under bankruptcy? 
2. Also, what will become of these stores on the Westside / Los Angeles? What’s going to happen to these properties? Who will take over these empty locations?
3. Interest rates were raised last month (now up to 1%). Do you see them being raised anytime in Q2?
4. Office – what are the vacancy rates on the Westside? 
5. Multifamily – how does construction look like in Q2? Will more apartments continue to be built? Also, will regulations, like Santa Monica’s retrofit law (approved last month), inhibit investors from buying?