REBusinessOnline

The Inland Empire: A Rare 2020 Apartment Sector Success Story

Someone once remarked that eighty percent of success in life is just showing up. Human experience verifies that being in the right place at the right time often is the intangible ingredient that leads to triumph. The strong performance this year of the Inland Empire multifamily market is a variation on this theme. During the pandemic, many renters sought refuge from the high density and high costs associated with big city life, and the work-from-home phenomenon made this objective feasible. For …

Coming Attraction: The Great Los Angeles Multifamily Recovery

Reducing the Los Angeles economy to the entertainment industry would be a serious mistake. In fact, the L.A. labor market is highly diversified with world-class healthcare, professional services, biotech and technology clusters providing co-sector leadership — no one-trick pony is this.Nonetheless, the entertainment industry is the single element that separates this metro economy from all others, and its tentacles are long. In its absence, the metro’s financial and professional …

Rumors of the Death of Silicon Valley’s Apartment Market are Greatly Exaggerated

Some stories are just too good not to be true. This may explain in part the outpouring of reports regarding population outflows from the San Francisco Bay Area. Multiple mid-August articles in national newspapers took up the ongoing Silicon Valley exodus. These articles make a convincing case that the COVID-19 pandemic and increased opportunities to work remotely — particularly in the high-tech industry — are prompting many Bay Area residents to consider relocating to more affordable areas, …

San Francisco Multifamily Trends: The Downside of Demand Inelasticity

In economics, the sensitivity of aggregate demand for a product or service to changes in price is defined as its “elasticity.” The elasticity of demand for nonessential goods or goods with a number of ready substitutes is high. Even a small increase in price will produce a large decrease in demand. Conversely, a relatively large price change in the cost of an essential or prized luxury good for which few substitutes exist may have little effect on demand for it.San Francisco real estate …

IRS Notice Extends Identification, Exchange Deadlines for 1031 Deals Falling Between April 1 and July 15

Many real estate investors seeking tax deferral in a 1031 exchange, as well as owners contemplating a sale of an investment property in the near future and intending to perform a 1031 exchange, have been anxiously awaiting guidance from the IRS on the impact of the COVID-19 pandemic on the time deadlines in an exchange.On April 9, 2020 the IRS issued Notice 2020-23, which extended many deadlines for real estate investors affected by the COVID-19 outbreak, including Section 1031 exchange …

‘Titleman’ John Lotardo Says Buyers, Sellers Seek Solutions to Obstacles for Closings During Time of Pandemic

Closing deals in the current environment — or even getting them to progress — has been challenging for the past few weeks. Municipalities are struggling to keep up with volume, and online notarization is present in some states but not others. Western Real Estate Business recently spoke with John Lotardo, senior vice president and director of operations for Commonwealth National Title Insurance Co. based in Arizona.Lotardo, also known as the Titleman, spoke to WREB about how commercial …

Free Returns: How Reverse Logistics Impacts Industrial Real Estate

The industrial sector has been the preferred asset class of commercial real estate in recent years. "The rate of return for industrial real estate has been higher than that of any other class for nearly half a decade," says Jeff Rinkov, CEO of Lee & Associates.These rates of return are the result of permanent changes in consumer behavior and preferences — and recent events are driving more rapid changes in consumers’ e-commerce shopping.[caption id="attachment_258636" …

JLL: Coronavirus Is Impacting Retail Supply Chains

With the stock market dropping to lows unprecedented since the Great Recession on Monday and the World Health Organization (WHO) declaring the outbreak of COVID-19 a pandemic, concerns are now rising regarding coronavirus’ long-term impact on domestic investments.But will the disease have any impact on brick-and-mortar retail? According to a research report from JLL, while retail supply chains have already been affected, the health of retail as whole depends heavily on how long the …

Industry Survey Participants Expect Rush of Transaction Activity Ahead of Presidential Election

CARLSBAD, CALIF. — Commercial real estate investors, brokers and lenders are expecting a surge of activity in the first half of 2020, according to the 2020 RCM LightBox Investor Sentiment Report. Participants of the survey noted the intersection of strong market fundamentals, ample investor capital and the potential for increasing headwinds generated by a slowing economy, the impending presidential election and other factors.The report is sponsored by RCM Lightbox, a commercial real …

Entertainment-Based Retail Requires Patience, Creativity, Say EEE Panelists

LOS ANGELES — In today’s retail environment, adding local food and beverage concepts, entertainment venues and landscaped parks seems like a surefire way to revitalize a dated shopping center. A trickier task is determining how exactly these nontraditional concepts boost the bottom line.A panel of retail owners and service providers weighed in on this topic at France Media's sixth annual Entertainment Experience Evolution conference at the JW Marriott L.A. Live in Los Angeles last …

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‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Walker & Dunlop

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