Welcome to the real estate blog of Westside Realty Advisors. The mission of this blog is to provide meaningful and useful information on the real estate and financial markets. It is our intent to keep you informed about what is going on in the commercial real estate market.
The retail sector can still offer attractive returns, as long as investors focus on well-performing market segments.
John Egan | Jan 18, 2019
We’re barely into 2019, and the shaky future of Sears continues to grab many of the big headlines in the retail sector. But that’s not the story that high-net-worth (HNW) investors should be following in terms of retail real estate.
Rather, experts advise, HNW investors should be evaluating retail prospects based on geography and strategy—not on Sears-level machinations in the retail sector.Continue reading “CAN INVESTORS STILL PROFIT BY INVESTING IN RETAIL REAL ESTATE?”
JANUARY 08, 2019 STEVEN SHARP
Completion of the 584,000-square-foot project is anticipated in 2022.
The Westside Pavilion shopping mall has yet to complete its highly-anticipated transformation into office space, but its developers have already secured a tenant for the property.
Hudson Pacific Properties and Macerich announced today that Google, Inc. has leased the entirety of the 584,000-square-foot office campus, which is to be called One Westside. The 14-year lease is to commence upon the completion of construction and tenant improvement in 2022.Continue reading “GOOGLE TO LEASE WESTSIDE PAVILION REDEVELOPMENT”
The Urban Land Institute’s annual look at the year ahead focuses on technology and transformation at an uncertain moment
By Patrick Sisson Updated Dec 26, 2018, 11:23am EST
It’s complicated. In the course of compiling its annual Emerging Trends report, the Urban Land Institute found that the only certainty in its outlook for 2019 was uncertainty. Expert analysis points to a more complex, multi-layered series of overlapping trends, with unpredictable results, as opposed to a few strong narratives.Continue reading “The 10 top emerging trends that will shape real estate in 2019”
The U.S. has added 10,000 of these budget retail outlets since 2001. But some towns and cities are trying to push back.
It has become an increasingly common story: A dollar store opens up in an economically depressed area with scarce healthy and affordable food options, sometimes with the help of local tax incentives. It advertises hard-to-beat low prices but it offers little in terms of fresh produce and nutritious items—further trapping residents in a cycle of poverty and ill-health.Continue reading “THE DOLLAR STORE BACKLASH HAS BEGUN”
JULY 18, 2018|
Wanda Group Seeks to Sell 9900 Wilshire in a Top U.S. Hotel Market Amid Competing Development
When Dalian Wanda Group Co. Ltd. bought an eight-acre property on a prime stretch of Beverly Hills’ Wilshire Boulevard, the Chinese commercial real estate and cinema conglomerate envisioned building a $1.2 billion, 5-Star hotel and condominium development that was ambitiously upscale, even by Beverly Hills standards.
But four years later, the site at 9900 Wilshire Blvd. remains a dirt hole between the Los Angeles Country Club and the iconic Beverly Hilton hotel in one of the country’s top hotel markets.
It seems like not a week goes by without a new project being proposed for Warner Center. The latest addition to the jam-packed roster of developments planned in the neighborhood is a California Home Builders mixed-use project near Oxnard Street and Canoga Avenue.
The development at 21300 Califa Street would include two structures, one residential and one of office space. Both would be designed by the architecture and planning firm Newman Garrison + Partners.
One thing, for sure, about the new tax bill is that real estate investors are big winners.
This article is not meant to be a comprehensive analysis of the new law. I have just excerpted some parts of the bill that I thought would be relevant to real estate investors.
Almost all of these changes begin on January 1, 2018, and revert in 2025.