7 Trends Driving Commercial Real Estate in 2017

Overall, 2016 was another strong year for U.S. commercial real estate markets despite some forecasts claiming the bubble would burst, and we have reason for continued optimism in 2017. Still, with the impact of the recent elections on commercial real estate markets, the industry is anticipating possible changes in regulations and tax structures that could lead to some new uncertainty and volatility this year while opening new growth opportunities. 1. Renewed Confidence to Drive CRE Strategy Property values are approaching 2008 levels, but this time it’s not a false bubble. The market is not overleveraged, and the fundamentals are stronger. A feeling of renewed confidence is driving how inves

5 things you need to know about the George Lucas museum in Los Angeles

Chicago didn’t want Star Wars creator George Lucas’ Museum of Narrative Art, but Los Angeles was a different story. From the beginning, LA has opened its arms, and when it was announced this week that LA was chosen to be the museum’s home, Mayor Eric Garcetti reacted with exuberance, saying the city was “gaining a new jewel.” Lucas and his wife, Mellody Hobson, will spend more than $1 billion to build the five-story museum on two parking lots on Vermont Avenue in Exposition Park, a sprawling site in South LA that’s also home to the Los Angeles Memorial Coliseum. While we wait for the spaceship-looking museum to get built, here are five things worth knowing about it: Why Los Angeles? The loca

How to Transfer the Cost of the Water Bill to Your Tenant

If you own an apartment building, one of the highest expenses you face every month is the water bill. Many property owners are looking for a way out of this draining responsibility. Some opt for sub-metering, but that could prove very costly. One inexpensive and popular method is the RUBS program. What Is the RUBS Program? Ratio Utility Billing System (RUBS) allows owners to gain great benefits and feel a sense of relief when it comes to utility billing. It is a system in which a property’s utility bill (i.e. water, sewage, and garbage) is distributed directly to the residents based on a few criteria such as the number of occupants in each unit, square footage, or a combination of both. Keep

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Anie Mayelian  (818) 915-9118 
DRE #0077825

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