Investors are spending tens of millions of dollars in commercial real estate in West Los Angeles. A person driving through Santa Monica, Playa Vista, Venice and Westwood will see buildings under construction and cranes everywhere. In addition, they can also see homeless people everywhere. The increase in the homeless population is becoming a serious security … Read More
Once a 3-day notice to pay or quit that is for past due rent is served to a tenant, the landlord may anticipate a vacancy. In some cases the default of the lease is corrected and the lease goes on. However, the vacancy will most likely be imminent if the tenant does not answer the … Read More
AB-1059 is a new bill introduced to the California State Assembly this year. It was written by California Representative Lorena Gonzalez Fletcher D – San Diego. The bill aims to outlaw dual agency brokerage representation in California commercial real estate transactions. This bill was written in a response to the recent California Supreme Court ruling … Read More
AIR Commercial Real Estate Association has rebranded itself after 57 years in business. The member-owned platform now branded AIR CRE provides commercial real estate professionals in Southern California with the critical tools they need to be successful. Their members have access to a system of market research, listings services, contracts and legal resources, networking and … Read More
The industrial real estate industry is on fire with no signs of slowing down. The vacancy rates in Los Angeles are in the low single digits with high rental rates. This is due partly to the shift from retail to ecommerce and the demand for warehouse space. As a result, breach of lease litigation cases … Read More
Industrial and warehouse rental rates increased over 33 percent in 2016 compared to 2014 in Los Angeles. These high rental rates will maintain at current levels or increase in 2017, a consequence of low industrial construction development in 2016 and the continuing trend of industrial to creative office conversion. Bulk warehouse construction occurred in the … Read More
Los Angeles City commercial real estate property owners will feel a small bump in property taxes as a result of Proposition HHH passing in the election on November 8, 2016. A .01 percent increase on all taxable properties in the city of Los Angeles will be added on top of the property owner’s annual property … Read More
The Dodd-Frank Wall Street Reform and Consumer Protection Act signed into federal law in 2010 by President Obama passed as a response to the recession of 2008. It brought the most significant changes to financial regulation in the United States changing almost all federal financial regulatory agencies. Dodd-Frank was created to protect consumers and prevent … Read More
E-commerce and the high cost of real estate are hitting the brick and mortar retail industry hard this year with several retail chains like Sport Chalet and Sports Authority closing its doors. In addition, Macy’s announced it is closing 100 stores out of 728 Full-line stores. The high value of commercial real estate is increasing … Read More
An Expert Witness who receives a phone call on a Wednesday morning from an attorney for a designation of an Expert Witness by the following Friday is a common occurrence. It is dangerous for an attorney to make a last minute expert designation, because the Expert Witness he chooses may not be a good fit … Read More
Segal Commercial
2221 Barry Ave., Suite 200
Los Angeles, CA 90064
