On November 6, 2018 voters went to the polls, and Proposition 10 was defeated which keeps the current laws affecting residential rental rates to remain somewhat constant. The City of Los Angeles Rent Stabilization Ordinance protects tenants from excessive rent increases on multi-family apartments built before1979. However, it lets landlords increase the rents every year … Read More
The lease length of typical industrial real estate buildings was an average of five years in Los Angeles County in the past. However, today it is common to have a three year lease. As a result, the property owner can take advantage of rapidly rising lease rates with a shorter lease term. Frequently, the lease … Read More
There is so much information in the news regarding the major tech companies leasing large quantities of creative office and Research & Development (R&D) space. However, what we don’t hear about is all the creative office space available. For example there are many large beautiful creative office space buildings that are sitting empty in Santa … Read More
Smoky Hollow Historical District is a light industrial area on a120 acres located one mile East of Dockweiler Beach. The major streets surrounding the 329 mid-century industrial buildings and office buildings are Sepulveda Boulevard, El Segundo Boulevard and Main Street. Residential property is located on the North side. The City of El Segundo announced they … Read More
The Federal Reserve Bank raised interest rates for the first time this year by a quarter of a percentage point on March 21st. If the Feds raise interest rates too aggressively in the next two years, the commercial real estate industry could stagnate. The higher the interest rates in commercial real estate, the deeper the … Read More
Almost all preprinted commercial real estate lease forms in the state of California provide the tenant the ability to sublease the premises with the landlord’s prior written consent. The landlord cannot unreasonably withhold the consent to sublease. However, there are legitimate reasons to withhold consent for example change of use of the premises, financial ability … Read More
A Lessor’s Perspective on the Option to Renew The option to renew a lease in a commercial real estate contract provides the tenant the right to continue leasing the property for extended periods of time. This promise of continued occupancy has continued for many centuries; however, a landlord has no obligation to grant an option … Read More
The recent 7.3 magnitude earthquake in Iran on Sunday, November 12th was tragic. Pasadena based Jet Propulsion Laboratory (JPL) predicted a 99.9 % chance of a 5.0- magnitude or higher earthquake in Los Angeles by April 2018, according to a Los Angeles Times article dated October 22, 2015. The commercial real estate owner usually carries … Read More
An attorney dealing with a complex commercial real estate litigation case has to look at all angles of the case. He has to approach the matter from different sides to find the best way to fight the opponents and win the lawsuit. This is where the expert witness comes into the picture. The opposing council … Read More
A tenant should always perform his or her due diligence in gathering the facts on any material defects seen or unseen in a building they plan to lease. The facts may not be disclosed by the owner’s broker or by the owner. The concealment of material facts may cause further serious damage to the property … Read More
Segal Commercial
2221 Barry Ave., Suite 200
Los Angeles, CA 90064
