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A real estate firm recently purchased a condominium interest in California. Swift Real Estate acquired an interest in an office asset spanning more than 219,000 square feet in San Francisco. These properties featuring commercial leases remain in demand in other parts of the state as well, including in Los Angeles. The real estate firm paid more than $109 million for the condo interest, which Broadreach Capital owned after purchasing it for more than $42 million back in 2007. The property, which was renovated at that time, features retail space on the ground level and houses noteworthy tenants, including the City of San Francisco and Twitter. San Francisco in 2017 renewed a lease for more than 69,000 square feet, which it is using for its city attorney’s office. The real estate investment firm has acquired several properties over the past 12 months in key real estate markets along the West Coast. For instance, it recently added an office property in Silicon Valley as well as an office tower in San Diego. However, the company has also sold multiple properties and generated profits during the past 12 months in such areas as Irvine, California, and Portland, Oregon. Purchasing and selling properties featuring commercial leases can be both an exciting and a daunting undertaking. This is especially the case for those who have never gone through the process before. However, a real estate attorney in Los Angeles can provide the necessary guidance to cross every “t” and dot every “i” during even the most complicated commercial real estate transactions in the Golden State. Source: cpexecutive.com, “ Swift Real Estate Grabs $110M SF Office Tower “, Barbra Murray, May 23, 2018

A real estate firm recently purchased a condominium interest in California. Swift Real Estate acquired an interest in an office asset spanning more than 219,000 square feet in San Francisco. These properties featuring commercial leases remain in demand in other parts of the state as well, including in Los Angeles. The real estate firm paid more than $109 million for the condo interest, which Broadreach Capital owned after purchasing it for more than $42 million back in 2007. The property, which was renovated at that time, features retail space on the ground level and houses noteworthy tenants, including the City of San Francisco and Twitter. San Francisco in 2017 renewed a lease for more than 69,000 square feet, which it is using for its city attorney’s office. The real estate investment firm has acquired several properties over the past 12 months in key real estate markets along the West Coast. For instance, it recently added an office property in Silicon Valley as well as an office tower in San Diego. However, the company has also sold multiple properties and generated profits during the past 12 months in such areas as Irvine, California, and Portland, Oregon. Purchasing and selling properties featuring commercial leases can be both an exciting and a daunting undertaking. This is especially the case for those who have never gone through the process before. However, a real estate attorney in Los Angeles can provide the necessary guidance to cross every “t” and dot every “i” during even the most complicated commercial real estate transactions in the Golden State. Source: cpexecutive.com, “ Swift Real Estate Grabs $110M SF Office Tower “, Barbra Murray, May 23, 2018

The real estate world is a constantly changing industry in Los Angeles and elsewhere. Technology is driving much of this change. Fortunately, many of these changes have the potential to help those who own properties featuring commercial leases. Specifically, efforts are being made to provide real estate property management companies tools that can boost productivity by increasing operating and financial efficiencies. For instance, company leaders may be able to use technology to review the performance of equipment before issues crop up. Technology may also help to improve the experiences of the employees of corporate tenants and other end users. For example, an app could be used to foster community and convenience at a corporate tenant’s company. Individuals in the tenant’s building could use the app specifically to order dishes from local restaurants to avoid having to wait in lines. In addition, technology may help underutilized spaces, such as garages or unused basements, to become revenue-generating spaces for clients. Real estate industry technology may additionally be used to help those in real estate, such as property managers, to visualize and organize their data more effectively, as well as to manage documents more easily. The real estate sector remains an exciting industry for those interested in owning properties — or owning more properties — featuring commercial leases. However, navigating real estate deals can also be complicated and overwhelming, as every deal is different. Fortunately, an attorney in Los Angeles can offer investors the direction needed to complete commercial real estate transactions in a manner that will benefit their bottom lines long term. Source: nreionline.com, “ Five Ways Technology Is Shaping CRE Property Management “, Mary Diduch, May 8, 2018

The real estate world is a constantly changing industry in Los Angeles and elsewhere. Technology is driving much of this change. Fortunately, many of these changes have the potential to help those who own properties featuring commercial leases. Specifically, efforts are being made to provide real estate property management companies tools that can boost productivity by increasing operating and financial efficiencies. For instance, company leaders may be able to use technology to review the performance of equipment before issues crop up. Technology may also help to improve the experiences of the employees of corporate tenants and other end users. For example, an app could be used to foster community and convenience at a corporate tenant’s company. Individuals in the tenant’s building could use the app specifically to order dishes from local restaurants to avoid having to wait in lines. In addition, technology may help underutilized spaces, such as garages or unused basements, to become revenue-generating spaces for clients. Real estate industry technology may additionally be used to help those in real estate, such as property managers, to visualize and organize their data more effectively, as well as to manage documents more easily. The real estate sector remains an exciting industry for those interested in owning properties — or owning more properties — featuring commercial leases. However, navigating real estate deals can also be complicated and overwhelming, as every deal is different. Fortunately, an attorney in Los Angeles can offer investors the direction needed to complete commercial real estate transactions in a manner that will benefit their bottom lines long term. Source: nreionline.com, “ Five Ways Technology Is Shaping CRE Property Management “, Mary Diduch, May 8, 2018

It is no surprise that store vacancies in the Los Angeles area and in other parts of California and the United States are rising in number these days. At the same time, more tenants are demanding shorter commercial leases. This is the perfect situation for a company called Appear Here, a business that is changing how landlords locate new tenants through an new online marketplace. Appear Here, based overseas, moved into another state’s market a year ago. Since then, it has seen over a 50 percent rise in global demand from brands interested in booking spaces by using the company’s unique platform. Later in 2018, the company will enter the California market, too. It is also interested in moving into malls throughout the country. The goal of Appear Here is relatively simple: to fill the empty stores that are growing in number in today’s retail apocalypse. Many restaurant chains and retailers, such as Toys R Us, Bon-Ton and GNC, have closed hundreds of U.S. locations as more consumers turn to the internet to make purchases. In their place are more ‘popup shops’ — smaller-format stores with leases that are shorter term and more flexible. The benefit of using Appear Here is that business owners can complete lease transactions in a matter of minutes rather than a few weeks, as using a traditional brokerage firm is no longer necessary. The landscape for commercial leases is changing thanks to innovative companies such as Appear Here. However, one thing has not changed — the complexity of leasing agreements. Fortunately, an attorney in Los Angeles can help business owners who are interested in becoming tenants to review and effectively negotiate lease agreements before signing on the dotted line. Source: CNBC, “ Meet the company helping fill a sea of vacant stores in the US “, Lauren Thomas, April 30, 2018

It is no surprise that store vacancies in the Los Angeles area and in other parts of California and the United States are rising in number these days. At the same time, more tenants are demanding shorter commercial leases. This is the perfect situation for a company called Appear Here, a business that is changing how landlords locate new tenants through an new online marketplace. Appear Here, based overseas, moved into another state’s market a year ago. Since then, it has seen over a 50 percent rise in global demand from brands interested in booking spaces by using the company’s unique platform. Later in 2018, the company will enter the California market, too. It is also interested in moving into malls throughout the country. The goal of Appear Here is relatively simple: to fill the empty stores that are growing in number in today’s retail apocalypse. Many restaurant chains and retailers, such as Toys R Us, Bon-Ton and GNC, have closed hundreds of U.S. locations as more consumers turn to the internet to make purchases. In their place are more ‘popup shops’ — smaller-format stores with leases that are shorter term and more flexible. The benefit of using Appear Here is that business owners can complete lease transactions in a matter of minutes rather than a few weeks, as using a traditional brokerage firm is no longer necessary. The landscape for commercial leases is changing thanks to innovative companies such as Appear Here. However, one thing has not changed — the complexity of leasing agreements. Fortunately, an attorney in Los Angeles can help business owners who are interested in becoming tenants to review and effectively negotiate lease agreements before signing on the dotted line. Source: CNBC, “ Meet the company helping fill a sea of vacant stores in the US “, Lauren Thomas, April 30, 2018

The industry of the life sciences in California — San Diego specifically — is growing exponentially. As a result, capital has been pouring into this market, and employment in this sector is up. This phenomenon is driving the demand for properties offering commercial leases — a Southern California trend that may have a major impact on Los Angeles in the near future. In 2018’s first quarter, venture capitalists poured more than $547 into more than 30 startups in the San Diego area. This is around 4 percent higher than the previous year. A large percentage of the venture capital went toward the life sciences. In fact, health care companies and biotech businesses represented seven in 10 regional deals during this time period. That is essentially 66 percent of the deals, valued at over $360 million. Big pharmaceutical companies are also moving into this area. As a result of all of this, employment in the life science field in San Diego County surpassed that of Orange County recently — the first time this has happened. Nearly 50,000 people have life science positions in the San Diego area. This may provide hope for those in Los Angeles who would like to see the area’s own life science industry develop, too, in the months and years ahead. These include real estate investors, who may be interested in purchasing specialized properties featuring commercial leases and leasing out their properties to biotech and health care businesses. Of course, navigating any commercial real estate can be tricky, particularly for those who have never done this before. Fortunately, an attorney can provide the guidance needed to successfully complete a commercial real estate deal in the Golden State. Source: bisnow.com, “ San Diego Life Science Industry Leaps Ahead, Real Estate Benefits “, Dees Stribling, April 19, 2018

The industry of the life sciences in California — San Diego specifically — is growing exponentially. As a result, capital has been pouring into this market, and employment in this sector is up. This phenomenon is driving the demand for properties offering commercial leases — a Southern California trend that may have a major impact on Los Angeles in the near future. In 2018’s first quarter, venture capitalists poured more than $547 into more than 30 startups in the San Diego area. This is around 4 percent higher than the previous year. A large percentage of the venture capital went toward the life sciences. In fact, health care companies and biotech businesses represented seven in 10 regional deals during this time period. That is essentially 66 percent of the deals, valued at over $360 million. Big pharmaceutical companies are also moving into this area. As a result of all of this, employment in the life science field in San Diego County surpassed that of Orange County recently — the first time this has happened. Nearly 50,000 people have life science positions in the San Diego area. This may provide hope for those in Los Angeles who would like to see the area’s own life science industry develop, too, in the months and years ahead. These include real estate investors, who may be interested in purchasing specialized properties featuring commercial leases and leasing out their properties to biotech and health care businesses. Of course, navigating any commercial real estate can be tricky, particularly for those who have never done this before. Fortunately, an attorney can provide the guidance needed to successfully complete a commercial real estate deal in the Golden State. Source: bisnow.com, “ San Diego Life Science Industry Leaps Ahead, Real Estate Benefits “, Dees Stribling, April 19, 2018

In the not-so-distant past, consumerism and commerce meant taking a trip to a nearby mall. Nowadays, however, consumers in Los Angeles and elsewhere associate these terms with visiting an e-commerce hub and eagerly waiting for their new packages to arrive at their homes or businesses a couple of days later. The evolution taking place in commerce no doubt has an impact on the real estate market, specifically the market of properties featuring commercial leases. The real estate industry was admittedly unprepared for the rise of e-commerce. The result? Warehousing options ended up being limited. Thus, it may come as no surprise that commercial warehouse spending reached more than $24 billion last year — a record. In fact, spending on warehouse construction increased nearly 30 percent each year over the last five years, compared with just 1 percent annually during the past 19 years. In light of these changes, features such as having a location near major metros, high ceilings and wide open spaces are among the largest selling points among both tenants and investors. The booming warehouse sector does not appear to be slowing down in the near future, either. As warehousing rises in popularity, now may be a smart time to jump on the warehouse bandwagon by investing in large properties offering commercial leases that could be used for warehousing purposes. Of course, purchasing any piece of commercial real estate can be a daunting task, especially for those who have never been through the process before. Fortunately, an attorney in Los Angeles can provide the direction needed to navigate even the most complex real estate deals so that one’s personal goals are achieved in the Golden State. Source: Palo Alto, CA, Patch, “E-Commerce’s Impact on Commercial Real Estate”, David Taran, April 16, 2018

In the not-so-distant past, consumerism and commerce meant taking a trip to a nearby mall. Nowadays, however, consumers in Los Angeles and elsewhere associate these terms with visiting an e-commerce hub and eagerly waiting for their new packages to arrive at their homes or businesses a couple of days later. The evolution taking place in commerce no doubt has an impact on the real estate market, specifically the market of properties featuring commercial leases. The real estate industry was admittedly unprepared for the rise of e-commerce. The result? Warehousing options ended up being limited. Thus, it may come as no surprise that commercial warehouse spending reached more than $24 billion last year — a record. In fact, spending on warehouse construction increased nearly 30 percent each year over the last five years, compared with just 1 percent annually during the past 19 years. In light of these changes, features such as having a location near major metros, high ceilings and wide open spaces are among the largest selling points among both tenants and investors. The booming warehouse sector does not appear to be slowing down in the near future, either. As warehousing rises in popularity, now may be a smart time to jump on the warehouse bandwagon by investing in large properties offering commercial leases that could be used for warehousing purposes. Of course, purchasing any piece of commercial real estate can be a daunting task, especially for those who have never been through the process before. Fortunately, an attorney in Los Angeles can provide the direction needed to navigate even the most complex real estate deals so that one’s personal goals are achieved in the Golden State. Source: Palo Alto, CA, Patch, “E-Commerce’s Impact on Commercial Real Estate”, David Taran, April 16, 2018

WeWork, a company that offers workspaces for rent, recently claimed more space in California — specifically San Francisco. In fact, it just signed its largest Golden City lease. These types of commercial leases are becoming increasingly popular throughout the state, including in Los Angeles. The lease that WeWork recently signed is for a property that spans almost 250,000 square feet. The deal no doubt solidifies the business’ presence as a major player in San Francisco’s commercial real estate market. The company is planning to turn the building, which dates back to the 1960s, into an amenity-heavy and trendy-looking co-working space. WeWork has escalated in popularity during the past year, now nearly doubling the amount of space it leased last year. It is therefore currently San Francisco’s fourth-largest renter behind PG&E, Wells Fargo and Sales Force. The new building will expand WeWork’s footprint by more than 30 percent. The business, which was a mere startup eight years ago, is now worth tens of billions and has over 200 locations across the globe. Entrepreneurs and freelancers are becoming increasingly drawn to shared workspaces since they lack traditional offices. For this reason, now appears to be an ideal time to take advantage of commercial leases to offer these spaces to the increasing number of people who are venturing out to work for themselves. Of course, making a mistake when it is time to sign a lease can be financially devastating. Fortunately, an attorney in Los Angeles can review and negotiate a lease agreement for an aspiring tenant, to make sure that his or her best interests are protected before he or she signs on the dotted line. Source: sfchronicle.com, “ WeWork signs largest San Francisco lease yet for California Street tower “, Trisha Thadani and J.K. Dineen, March 28, 2018

WeWork, a company that offers workspaces for rent, recently claimed more space in California — specifically San Francisco. In fact, it just signed its largest Golden City lease. These types of commercial leases are becoming increasingly popular throughout the state, including in Los Angeles. The lease that WeWork recently signed is for a property that spans almost 250,000 square feet. The deal no doubt solidifies the business’ presence as a major player in San Francisco’s commercial real estate market. The company is planning to turn the building, which dates back to the 1960s, into an amenity-heavy and trendy-looking co-working space. WeWork has escalated in popularity during the past year, now nearly doubling the amount of space it leased last year. It is therefore currently San Francisco’s fourth-largest renter behind PG&E, Wells Fargo and Sales Force. The new building will expand WeWork’s footprint by more than 30 percent. The business, which was a mere startup eight years ago, is now worth tens of billions and has over 200 locations across the globe. Entrepreneurs and freelancers are becoming increasingly drawn to shared workspaces since they lack traditional offices. For this reason, now appears to be an ideal time to take advantage of commercial leases to offer these spaces to the increasing number of people who are venturing out to work for themselves. Of course, making a mistake when it is time to sign a lease can be financially devastating. Fortunately, an attorney in Los Angeles can review and negotiate a lease agreement for an aspiring tenant, to make sure that his or her best interests are protected before he or she signs on the dotted line. Source: sfchronicle.com, “ WeWork signs largest San Francisco lease yet for California Street tower “, Trisha Thadani and J.K. Dineen, March 28, 2018