Securing a commercial tenant usually means that a property owner can count on a year or more of regular payments. Commercial leases frequently run for several years and therefore help guarantee a steady stream of income for some time. Unfortunately, businesses often...
What does Measure ULA mean for commercial real estate?
As a commercial real estate professional in Los Angeles, it can be hard to keep up with the ever-evolving landscape of local tax policies. Measure ULA has been garnering much attention from the industry recently, and for a good reason — it could have serious...
What are the proposed changes to L.A. outdoor dining permits?
To say it’s been a rough few years for the restaurant industry is an understatement. As the owner of one hospitality group puts it, “It’s like being kicked in the shins, over and over again.” Now, restaurant owners in Los Angeles are facing another potential...
Which is better—buying or leasing a commercial property?
Operating a successful business requires sound decision-making, especially as the company grows. For example, if you must relocate due to growth, you’ll need to decide between leasing or buying your next commercial space. Unfortunately, there is no easy answer to...
How specific performance can help after a breach of contract
When another company breaches its contract with your business, you may end up scrambling to find an alternate service provider or supplier. Contract breaches can be very expensive. They can delay or complicate operations at one business or force a company into a...