By George Pino
All too often I receive inquiries from a potential seller that wants to “get the highest price” for their property, but does not want to list it, or market the property. This seems counter intuitive, especially to the basic law of economics, supply and demand.
Read MoreBy Richard Cheng
The retail market in Los Angeles is made up of many shopping destinations such as malls, lifestyle centers, and strip centers that total 192 million sq feet. During 2017, lifestyle centers gained popularity because of their open-air design and layout, which included hip and trendy restaurants, smaller sized retailers, apartments, offices, and entertainment options.
Read Moreby Joe Killinger
A small-box retailer operates their business very much the same as their larger counter parts but utilizes less square footage. This means that they don’t need as much space for their products and therefore have a lower rent and fewer staff to deal with which equals a lot less overhead.
Read Moreby George Pino
I receive calls like this almost every week…. “Hello, my lease is expiring and I need a new office space” or “Hi, we’re moving our company to Los Angeles and we need new office space.”
Inevitably, when I inquire about their timing they say they’re in need of a new space in one or two months. Although that time frame is possible it brings difficulties. A big misunderstanding among first-time commercial lessees, as well as many experienced lessees is that a commercial space can be found, negotiated, and leased within a couple of weeks.
Read MoreEvery year is a different beast, bringing about various challenges for small businesses. With 2019 in full swing, we are here to take a look at some of the biggest obstacles small business owners will face.
Read MoreEven though the US is becoming notorious to many foreign investors as a place not worth investing due to the protectionist policy and fears of trade wars, one sector is still seeing many investments pouring in. We are naturally talking about the commercial real estate (CRE) sector. The investments made into CRE are a considerable portion of the overall investments coming to the country.
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