Category Archives: Multifamily

Los Angeles home ownership declining

0 CommentsBy

Los Angeles home ownership declining

The Los Angeles metropolitan area has one of the lowest home ownership rates in California at 46.5 percent and well below the 62.9 percent U.S. national average.

Rising home prices and the Millennial generation’s preference to rent are some of… Read More

Need more housing? Build! Build! Build!

0 CommentsBy

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.

Requests for buildings with a large number of units… Read More

Investment Firm UrbanBlox To Redevelop Mixed-Use Building in Downtown Los Angeles

0 CommentsBy

The firm has acquired 12 buildings in past 15 months

condon_michael_jrUrbanBlox, a Los Angeles-based boutique development firm, announced today that it has acquired a 51,055-square-foot office building in Downtown Los Angeles’ Jewelry District for $8.54 million.  This is the firm’s 12th acquisition in the past 15 months which includes creative, mixed-use and multifamily properties in the LA River, Downtown Los Angeles, Hollywood and Silver… Read More

Chinese capital targets Hollywood’s commercial real estate

0 CommentsBy

Los Angeles poised to receive share of global US$15 billion in Chinese investment by the end of 2014

2014-09-01-The-Investor-Chinese-capital-targets-Hollywood-CRE

America’s Tinseltown is the latest target for Chinese commercial real estate investment according to a recent report from JLL. While global Chinese outbound transaction volumes catapulted from US$5.6 billion in 2012 to US$11.3 billion in 2013, JLL is forecasting this figure to reach US$15 billion by the end of… Read More

JLL Recognized as one of 2014 Best Places to Work in Los Angeles

0 CommentsBy

2014-LABJ-Best-Places-to-Work-Los-Angeles-logoJLL was recently named as one of the 2014 Best Places to Work in Los Angeles.  The awards program was created in 2007 and is a project of the Los Angeles Business Journal and Best Companies Group.

This county-wide survey and awards program was designed to identify, recognize and honor the best places of employment in Los Angeles, benefiting the county’s economy, its workforce and businesses.

To be considered… Read More

JLL’s Javier Rivera featured in the LA Times on representing the sale of Koreatown’s $283 million high-rise The Vermont

0 CommentsBy

2013-Rivera-JavierThe Los Angeles Times featured JLL LA‘s Javier Rivera in their article ‘Koreatown luxury high-rise is sold for $283 million.’

Javier Rivera, Vice President represented J.H. Snyder Co. in the sale of The Vermont in Koreatown for $283 million. He was featured sharing his thoughts on the residential project which includes 464 apartments in two towers on top of seven stories of restaurants, stores and parking:

Nearly 800 new apartments

Read More

JLL’s Ben Stapleton featured in Bloomberg on rare development potential next to burgeoning LA River

0 CommentsBy

2014-stapleton_high_resBloomberg featured JLL LA‘s Ben Stapleton in their article ‘A River Runs Through Los Angeles‘

For the second time in under two months Ben Stapleton, Vice President, was featured sharing his thoughts on the development potential for land adjacent to the $1 billion 11-mile Los Angeles River revitalization. $5.7 billion in development investment opportunities could potentially be generated by this transformative project:

Jones Lang LaSalle’s Stapleton has received 11 offers for the land he’s

Read More

JLL’s Tom Turley featured in the LA Times on the legendary Arrowhead Springs hotel

0 CommentsBy

2014-Turley-TomThe Los Angeles Times featured JLL LA‘s Tom Turley in their article Former playground of stars in San Bernardino is ready for rebirth.

Tom Turley, Managing Director was featured sharing his thoughts on Arrowhead Springs in San Bernardino now for sale at $57 million:

Some investors are considering building an aggressively green resort and housing complex that would rely on geothermal, solar and wind power, Turley said. “The whole

Read More

How the oil and gas boom impacts real estate, and beyond

0 CommentsBy

The U.S. emerges as a leader in the world’s energy market and increased demand for real estate follows

Over the next couple of decades, the U.S. energy industry will drive employment gains, the reindustrialization of the economy, the migration of workers and income growth. The economic impact of surging natural gas and shale oil production will not only be felt by those directly in the energy industry but the numerous sectors that support it.

For the… Read More

JLL’s Tom Turley featured in the media for repping 1,900 acre Arrowhead Springs development opportunity

0 CommentsBy

2014-Turley-TomJLL LA‘s Tom Turley was featured on GlobeSt.com, RENTV and in the San Bernardino County Sun sharing his thoughts on Arrowhead Springs, one of the best development opportunities in Southern California. The property was also was featured in the Wall Street Journal.

Tom Turley, Managing Director explains how this unique property offers an extraordinary opportunity for development with planned 1,350 new residential units, planned 808,600 s.f. of new commercial… Read More