Los Angeles Metro Exposition Corridor Transit Neighborhood Plan

Earlier this summer, the Exposition Corridor Transit Neighborhood Plan was approved by the Los Angeles City Council in a unanimous fashion. The purpose of this plan is to ultimately promote the use of the new Exposition Line by changing the zoning on the properties within a half a mile radius of the transit line, which therefore allow for new development opportunities to sprout in those areas. The plan will directly promote the expansion and growth of new multi-family, mixed used, commercial, and industrial development in the affected areas, which will in turn provide an estimated 4,400 to 6,000 new housing units, and 9,400 to 14,300 new jobs within the affected plan area by 2036. In a LA Dailey News article released in 2017, the Los Angeles County population is projected to grow by 1 million people by the time the extra jobs and housing units are fully completed and underway. In short, the LA City Council is planning ahead to accommodate for the extra population growth, while promoting the usage of the new and upcoming transit lines across the city.

CBI NewsCommercial Brokers InternationalAugust 14, 2018Expo LineComment

Investors Targeting New Asset Class

CHICAGO—The industrial sector has become one of chief targets of investors, and several groups now say industrial properties related to transportation and outdoor storage can become a separate and valued asset class. J.D. Salazar, a leader in Chicagoland commercial real estate community for more than 30 years, has re-started Champion Realty Advisors launch just such an initiative.

Retail Location Advice—What to Consider

Overall there are five main components you should consider for your retail space…it can be a relatively straight forward process.

Location location location… We’ve all heard the saying before as it pertains to real estate, but what exactly does it mean when you are looking to lease a space for your business? This varies with what type of business you have as well as what you’re looking for to help ensure the success of your business.

RepostGeorge PinoAugust 9, 2018commercial real estate advice, cre advice, cre tips, real estate advice, business tipsComment

Wayfair to Open its First Brick & Mortar Store

Wayfair, the largest online furniture retailer in the U.S. with $6 billion in annual revenues, is following in the steps of numerous other e-tailers in opening its first brick and mortar store.

The site of the store is in Florence, KY outside of Cincinnati, according to Furniture Today. The 20,000-square-foot outlet store will be given its own space within a 260,000-square-foot distribution center being constructed to handle Wayfair’s growing online business.

Five Strategies For A More Sustainable Real Estate Portfolio

Real estate accounts for approximately 40% of the world’s energy consumption and a third of all carbon emissions. That means that real estate professionals are on the frontlines of climate change risk created by greenhouse gas (GHG) emissions. We have a responsibility to reduce the impact of our facilities and to help our clients in turn. And, many building owners, investors and occupiers are doing just that.

Following are five key ways that leading companies are reducing their carbon footprints.

What’s the Outlook for the Grocery Sector in the Age of Amazon?

Nearly one year after Amazon’s acquisition of organic grocer Whole Foods, the grocery-anchored shopping center sector, typically viewed as more “Internet-proof” than other segments of retail, has taken greater strides to boost its omni-channel offerings.

So far, the acquisition has not been overtly disruptive to the grocery industry, experts say. However, some grocers are still working to hedge any long-term effects of the deal, particularly as smaller chains struggle to keep up with technological pressures and price competition intensifies. These factors could lead to continued consolidation of smaller grocers and increased investor scrutiny of grocer tenants, according to those in the industry.

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