California commercial and industrial offices have been able to conserve water mostly without severe consequences since 2009 during the drought; however, mandatory water conservation has now been ordered by Governor Brown. It does not seem that anyone is immune from this critical shortage of water; as a result, costs for many commodities will be going … Read More
Industrial rental rates in Los Angeles have increased in the last year by 10- 50 percent. Creative industrial properties that have been fully improved are getting rent increases 50 percent higher than a year ago. However, industrial building rates have risen 10 to 20 percent in the past 12 months without improvements. Before this recent … Read More
Commercial real estate values have risen after the recession. What is considered commercial real estate? The umbrella of commercial real estate includes: office space, retail shopping centers, industrial and mini or personal storage space. Hotels and apartment units are a sub category of commercial real estate, but this article is not including these areas. The … Read More
The subject to lease or purchase a building has been a matter of much discussion for the 40 years that I have been in the commercial real estate business. My recommendation to clients more often has been to lease rather than to purchase a commercial or industrial building. The only reason to purchase a building … Read More
Holding a commercial real estate property for the long term is a strategically wiser investment compared to selling. Some industry professionals believe in selling and reinvesting in larger more recently constructed buildings; however, my experience has taught me to hold for the long term. Commercial Property Tax Benefits A tenant recently gave notice to move … Read More
As a tenant in a commercial property, you undoubtedly, have a provision in your lease regarding real estate taxes. On a triple net lease or even a gross lease (where the Landlord pays the taxes), the taxes increase usually every year due to Proposition 13 whereby the tax increase is 2% per annum. In most … Read More
I was presented with a problem the other day for a conversion of an older industrial building to creative office space. The problem was complicated because of the costs to renovate a building today with the new Title 24 energy provisions increased the improvement costs substantially. Not only were the costs substantially higher but the … Read More
The work environment is changing in California; as a result, commercial office space is changing In Los Angeles. Industrial buildings are being transformed into creative office space in small once obsolete pockets of beach cities like the historical area called Smoky Hollow in El Segundo. In 1911 when there were only farms around Standard Oil … Read More
This is a serious debate among litigators. I have been in a number of court hearings and depositions where I have opposed expert witness lawyers. The lawyers who served as expert witnesses are very seasoned lawyers who made an excellent presentation with in depth understanding of the law that governs real estate. In commercial real … Read More
After spending decades in partnerships, both as a general partner and limited partner, there seems to be a pattern where disputes occur. The most common issue is that the partnership may be formed by a handshake and nothing is written between the parties with the exception of the deeds. My acronym for disputes is FARE! … Read More
Segal Commercial
2221 Barry Ave., Suite 200
Los Angeles, CA 90064
