Death of the Elevator

Death of the Elevator

By John McNellis

Real Estate in the Plague Year

Without the elevator…there could be no downtown skyscrapers or residential high-rises, and city life as we know it would be impossible…the elevator’s role in American history has been no less profound or transformative than that of the automobile…“If we didn’t have elevators…we would have a megalopolis, one continuous city, stretching from Philadelphia to Boston, because everything would be five or six stories tall.” Boston Globe, 2 March 2014

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‘There’s No Bailout For Landlords’: What To Expect As Anxious April Begins

‘There’s No Bailout For Landlords’: What To Expect As Anxious April Begins

The rent is due today.

For the tenants and property owners tied to trillions of dollars of commercial real estate properties in the U.S., what happens on April 1 is no joke this year.

Retailers have been closed or their businesses are deeply battered. Companies across sectors have been forced to carry out layoffs or furlough staff, while others have been directly impacted by a virus that has afflicted more than 170,000 Americans to date. 

Millions of Americans are already jobless, worried about paying the rent today. And the virus is weeks away from its peak, health experts warn.

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REAL ESTATE DURING THE CORONAVIRUS

REAL ESTATE DURING THE CORONAVIRUS
  1. Many liability policies may provide coverage for losses incurred from Coronavirus.
  2. How will the Coronavirus affect single-tenant net-leased investments, and the real estate market generally?
  3. Should landlords grant 2 to 3-month rent abatements being requested by single-tenants?

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CAN INVESTORS STILL PROFIT BY INVESTING IN RETAIL REAL ESTATE?

CAN INVESTORS STILL PROFIT BY INVESTING IN RETAIL REAL ESTATE?

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.

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GOOGLE TO LEASE WESTSIDE PAVILION REDEVELOPMENT

GOOGLE TO LEASE  WESTSIDE PAVILION REDEVELOPMENT

JANUARY 08, 2019 STEVEN SHARP


Completion of the 584,000-square-foot project is anticipated in 2022.

South Side of One Westside

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.  

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The 10 top emerging trends that will shape real estate in 2019

The 10 top emerging trends that will shape real estate in 2019

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.

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THE DOLLAR STORE BACKLASH HAS BEGUN

THE DOLLAR STORE BACKLASH HAS BEGUN

Tanvi Misra December 20, 2018 This post originally appeared on CityLab

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.

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The Saga of One Beverly Hills

The Saga of One Beverly Hills

JULY 18, 2018|JACQUELYN RYAN

imageWanda 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.

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New Warner Center mixed-use development will likely bring 24-story tower plus 206 apartments

New Warner Center mixed-use development will likely bring 24-story tower plus 206 apartments

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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.

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HOW THE 2017 TAX LAW WILL AFFECT REAL ESTATE INVESTORS

HOW THE 2017 TAX LAW WILL AFFECT REAL ESTATE INVESTORS

 

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.

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