Los Angeles has been transforming into an increasingly unaffordable city as home prices and rents have continued to rise and the housing supply has not been able to keep up with demand.
One solution is to build more housing, and since 2015 the City of Los Angeles has seen over 300 building permit requests for new apartment building construction with a potential for almost 11,000* new residential units.
Based on the first quarter of 2016, Los Angeles’ venture capital funding totaled $259.2M and accounted for 3.5% of the total funding in the U.S. While funding has slowed slightly this quarter, the same is happening around the county.
We may be in later stages of the cycle, but there will be no bursting bubble thanks to diversification.
Investors are still optimistic, there is plenty of innovation occurring, and tech is expanding into
Large consolidation paves way for higher rents
Douglas Emmett, along with QIA (Qatar Investment Authority), an 80 percent partner, purchased the four-building EOP/Blackstone-Westwood portfolio. The estimated purchase price was $1.3 billion with a 3.7 percent cap rate. The buyer, Douglas Emmett, already owned… Read More
By utilizing the intrinsic design elements associated with industrial properties in in-fill markets, owners can unlock greater property value as tenants preferences shift towards open space, concrete floors, exposed ceilings and more natural lighting. Not to mention, there are often unique fixtures inside these facilities that create a one of a kind experience that… Read More
High-tech investment volume continues to grow, totaling almost $1.2 billion year to date. Much of the funding concentration remains in the burgeoning neighborhoods of Silicon Beach. With $1.02 billion alone, Snapchat in Venice won the MVP award, totaling more than the next four zip codes combined. While Playa Vista has seen a wave… Read More
JLL’s John Gates will serve as the keynote speaker for the upcoming USC Lusk Executive Forum in Newport Beach on June 18.
USC’s event series brings together leaders in the real estate investment, development, management, and policy communities for an evening of networking and a comprehensive program covering the current state of… Read More