3 Reasons to Invest in Multi-family Real Estate

Real estate can be an alternative for those who are not able to withstand the volatility of the stock market. It is also a better investment for those investors who wish to take an active role in growing their capital, rather than passively putting their money into a fund to be managed by someone else. One of the beautiful things about real estate investing is that there are more than one strategies that can be successfully used. For example, real estate investing moguls Donald Bren and Zhang Xin both built their billion dollar fortunes by developing various residential and commercial properties. On the other hand, Equity Residential (EQR) founder Sam Zell created his wealth by slowly acquir

Dear Tenant: Your Uber Is Here

Landlords battling high land costs are turning to a new partner: ride-hailing giant Uber Technologies Inc. As urban real estate becomes ever-more expensive, some property developers are shrinking or killing their parking spaces and offering Uber subsidies and other incentives instead. Developers of shopping malls, stadiums and theme parks, meanwhile, are reimagining their exterior footprints to account for more Uber traffic, playing with new ideas such as widening curbside drop-off areas resembling those found at airports—some with concierges offering beverages—and shrinking parking lot space. The moves show how ride-sharing is starting to change the way cities and urban landlords think abou

Planning Commission OKs Rick Caruso’s fancy tower next to Beverly Center

A luxury residential tower that shopping mall developer Rick Caruso wants to erect next to the Beverly Center cleared another hurdle Thursday over objections from a couple of Los Angeles city planning commissioners who said it’d be too tall. A luxury residential tower that shopping mall developer Rick Caruso wants to erect next to the Beverly Center cleared another hurdle Thursday over objections from a couple of Los Angeles city planning commissioners who said it’d be too tall. The contemporary, 19-story tower would bring 145 luxury units, a grocery store, restaurant, and about 28,700 square feet of public open space to a triangular-shaped lot on La Cienega, between West 3rd Street and San

Fed's Powell says case for interest-rate hike has strengthened over the past few weeks

The labor market shows an economy “on solid footing,” while inflation is nearing the central bank’s 2% target, suggesting that the U.S. central bank can pull the trigger on the first interest-rate hike this year, said Federal Reserve Gov. Jerome Powell on Tuesday. “In my view, the case for an increase in the federal funds rate has clearly strengthened since our previous meeting earlier this month,” Powell said in a speech prepared for delivery to The Economic Club of Indiana in Indianapolis. Powell said the economy has “clearly strengthened” since the “soft patch” seen in the first half of the year. The Fed pushed interest rates higher late last year but has remained on the sidelines this ye

Fewer young people are living in LA, and high housing costs are likely to blame

LA’s population is aging a bit faster, as young people leave the city for more affordable metros elsewhere in the country, according to a new report from Apartment List. The real estate listings website looked at Census data of 18- to 34-year olds from 2005 to 2015 and found the number of millennials living in Los Angeles dropped 7.4 percent in that time. That’s a significant decline. It puts LA near last, or 48th, out of 50 U.S. metro areas in millennial population growth. Andrew Woo, Apartment List's director of data science, told LA Weekly that the high cost of rent combined with LA’s sluggish incomes might be deterring young people from living here. Many residents are paying well over th

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Anie Mayelian  (818) 915-9118 
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