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Areas where remote workers and entrepreneurs can share workspaces have been springing up in California and elsewhere throughout the United States during the past several years. As a result, many investors have set their eyes on properties featuring commercial leases that could be used as shared office spaces. The downtown area of Santa Rosa, located a few hours from Los Angeles, is ready to make a major investment in this co-working trend. The first floor of a newspaper building in Santa Rosa is currently undergoing renovations to replicate the amenities, look and vibe of high-demand providers of co-working spaces in the San Francisco area. The aim is to offer office space spanning 10,000 square feet by the summer, followed by around 8,000 square feet of space in nearby Petaluma. This trend is not expected to die down anytime soon, either. Research shows that the number of co-working sites has skyrocketed from around 600 back in 2010 to about 14,000 across the globe by late 2017. A major appeal of these types of spaces is that workers can enjoy the type of convenience they would experience in a coffee shop while being able to focus on their work and even collaborate with professionals from various industries. In light of this, co-working spaces usually offer quick tea or coffee refills, high-speed wireless connections and the opportunity to schedule time for sensitive calls, and client meetings in private rooms. Investors interested in taking advantage of the co-working trend may understandably be excited by the prospect of purchasing properties featuring commercial leases. However, they may be overwhelmed by the transaction process, especially if they have not gone through it before. A savvy attorney in Los Angeles can provide the guidance needed to navigate a commercial real estate deal in the most personally favorable manner possible. Source: sonomanews.com, “ Co-working center coming to Santa Rosa “, Jeff Quackenbush, April 3, 2018

Areas where remote workers and entrepreneurs can share workspaces have been springing up in California and elsewhere throughout the United States during the past several years. As a result, many investors have set their eyes on properties featuring commercial leases that could be used as shared office spaces. The downtown area of Santa Rosa, located a few hours from Los Angeles, is ready to make a major investment in this co-working trend. The first floor of a newspaper building in Santa Rosa is currently undergoing renovations to replicate the amenities, look and vibe of high-demand providers of co-working spaces in the San Francisco area. The aim is to offer office space spanning 10,000 square feet by the summer, followed by around 8,000 square feet of space in nearby Petaluma. This trend is not expected to die down anytime soon, either. Research shows that the number of co-working sites has skyrocketed from around 600 back in 2010 to about 14,000 across the globe by late 2017. A major appeal of these types of spaces is that workers can enjoy the type of convenience they would experience in a coffee shop while being able to focus on their work and even collaborate with professionals from various industries. In light of this, co-working spaces usually offer quick tea or coffee refills, high-speed wireless connections and the opportunity to schedule time for sensitive calls, and client meetings in private rooms. Investors interested in taking advantage of the co-working trend may understandably be excited by the prospect of purchasing properties featuring commercial leases. However, they may be overwhelmed by the transaction process, especially if they have not gone through it before. A savvy attorney in Los Angeles can provide the guidance needed to navigate a commercial real estate deal in the most personally favorable manner possible. Source: sonomanews.com, “ Co-working center coming to Santa Rosa “, Jeff Quackenbush, April 3, 2018

Los Angeles is currently considered the best place for investing in real estate. However, San Diego, located only a couple of hours south of Los Angeles, is also apparently a real estate hot spot for investors. According to a recent real estate report, major money players are flocking to this city to purchase properties, including those featuring commercial leases. These players include the likes of pension funds and insurance companies. On a list of the most attractive places for investing in real estate, San Diego jumped from a No.  17 ranking in 2017 to a No. 11 ranking this year. The most desirable real estate properties in America’s Finest City include retail, office, multifamily and industrial properties. One reason investors like San Diego so much is that the vacancy rates are low and the economy is diversified. Another reason San Diego is high on many investors’ radars is that the lack of industrial and new office properties as well as development sites means higher rent returns. San Francisco is yet another California city that is drawing increasing interest from investors. About half of the investors who were recently surveyed acknowledged that they planned to increase their purchases in 2018 compared with 2017. Investing in real estate properties that feature commercial leases can be a personally exciting and lucrative endeavor. However, it also benefits the local economy, as it involves adding a new building to an area or taking an old one and renovating it to make it desirable. All of this ultimately benefits the local community. Still, navigating commercial real estate deals can be confusing, particularly for investors who have never done it before. An attorney in Los Angeles can provide the guidance needed to seal a real estate deal successfully in the Golden State. Source: sandiegouniontribune.com, “ San Diego becoming hot spot for real estate investing, report says “, Phillip Molnar, March 16, 2018

Los Angeles is currently considered the best place for investing in real estate. However, San Diego, located only a couple of hours south of Los Angeles, is also apparently a real estate hot spot for investors. According to a recent real estate report, major money players are flocking to this city to purchase properties, including those featuring commercial leases. These players include the likes of pension funds and insurance companies. On a list of the most attractive places for investing in real estate, San Diego jumped from a No.  17 ranking in 2017 to a No. 11 ranking this year. The most desirable real estate properties in America’s Finest City include retail, office, multifamily and industrial properties. One reason investors like San Diego so much is that the vacancy rates are low and the economy is diversified. Another reason San Diego is high on many investors’ radars is that the lack of industrial and new office properties as well as development sites means higher rent returns. San Francisco is yet another California city that is drawing increasing interest from investors. About half of the investors who were recently surveyed acknowledged that they planned to increase their purchases in 2018 compared with 2017. Investing in real estate properties that feature commercial leases can be a personally exciting and lucrative endeavor. However, it also benefits the local economy, as it involves adding a new building to an area or taking an old one and renovating it to make it desirable. All of this ultimately benefits the local community. Still, navigating commercial real estate deals can be confusing, particularly for investors who have never done it before. An attorney in Los Angeles can provide the guidance needed to seal a real estate deal successfully in the Golden State. Source: sandiegouniontribune.com, “ San Diego becoming hot spot for real estate investing, report says “, Phillip Molnar, March 16, 2018

California real estate stands out when compared with the Big Apple. Specifically, West Los Angeles is the top choice for those who want to buy properties featuring commercial leases. This is good news for those who are interested in expanding their real estate portfolios in the Golden State. According to the latest capitalization rates, office properties in the Big Apple are 20 percent overpriced on average when compared with office properties along the West Coast. This information comes from a recent real estate research report. Part of the reason that the Big Apple has experienced a decrease in the demand for real estate is that traditional tenants, such as financial service companies and law firms, have been trimming the amount of space they use per worker. At the same time, West Los Angeles has experienced a surge in the value of and in the demand for commercial real estate properties. Part of the reason for this increased demand is that more emphasis is being placed on buying existing properties versus building new ones that take up even more real estate. After all, Los Angeles already lacks an effective public transit system for its existing infrastructure, which has contributed to its clogged freeways. Claiming a piece of real estate featuring commercial leases can understandably be exciting for an investor in Los Angeles. However, the process of buying an office property, for example, can be tricky and even overwhelming. Fortunately, an experienced attorney can provide the guidance needed to successfully complete commercial real estate transactions in California. Source: bloomberg.com, “ L.A. Beats Manhattan on Office Real-Estate Profits “, David M. Levitt, March 9, 2018

California real estate stands out when compared with the Big Apple. Specifically, West Los Angeles is the top choice for those who want to buy properties featuring commercial leases. This is good news for those who are interested in expanding their real estate portfolios in the Golden State. According to the latest capitalization rates, office properties in the Big Apple are 20 percent overpriced on average when compared with office properties along the West Coast. This information comes from a recent real estate research report. Part of the reason that the Big Apple has experienced a decrease in the demand for real estate is that traditional tenants, such as financial service companies and law firms, have been trimming the amount of space they use per worker. At the same time, West Los Angeles has experienced a surge in the value of and in the demand for commercial real estate properties. Part of the reason for this increased demand is that more emphasis is being placed on buying existing properties versus building new ones that take up even more real estate. After all, Los Angeles already lacks an effective public transit system for its existing infrastructure, which has contributed to its clogged freeways. Claiming a piece of real estate featuring commercial leases can understandably be exciting for an investor in Los Angeles. However, the process of buying an office property, for example, can be tricky and even overwhelming. Fortunately, an experienced attorney can provide the guidance needed to successfully complete commercial real estate transactions in California. Source: bloomberg.com, “ L.A. Beats Manhattan on Office Real-Estate Profits “, David M. Levitt, March 9, 2018

A group of real estate advisors in California recently announced that their company had recently sold a commercial building that is currently being leased to Starbucks. The coffee giant was the only tenant in the new-construction building that was sold in Southern California. The buying and selling of properties featuring commercial leases can certainly be exciting in Los Angeles and elsewhere, as these activities benefit the local economy as a whole. The Starbucks building that was recently sold is located in Hesperia, a city in San Bernardino County. The building was sold for $3.19 million, which represents a 4.36 percent cap rate and a per-square-foot price of $1,595. The cap rate achieved is a record low for a Starbucks single-tenant building in California’s High Desert area. The per-square-foot price is also a record high in Hesperia for a real estate sale involving a single tenant. The drive-thru property spans 2,000 square feet and sits on a total of .81 acres. Built in 2017, the property is a winner due to the fact that it is highly accessible. A pylon sign that will be visible from Interstate 15 will soon be built, and about 108,000 automobiles that move along the interstate each day can easily stop at the coffee shop. A private investor was the purchaser of the Starbucks building. Southern California remains a promising location for selling and buying properties featuring commercial leases. However, a deal may end up failing if it is not approached in the proper way. A qualified attorney in Los Angeles can provide the guidance needed to successfully navigate a commercial real estate deal so that a buyer or seller can achieve his or her financial goals in the Golden State. Source: inlandempire.us, “ Sale of Brand New Single-Tenant Starbucks in Hesperia “, Feb. 27, 2018

A group of real estate advisors in California recently announced that their company had recently sold a commercial building that is currently being leased to Starbucks. The coffee giant was the only tenant in the new-construction building that was sold in Southern California. The buying and selling of properties featuring commercial leases can certainly be exciting in Los Angeles and elsewhere, as these activities benefit the local economy as a whole. The Starbucks building that was recently sold is located in Hesperia, a city in San Bernardino County. The building was sold for $3.19 million, which represents a 4.36 percent cap rate and a per-square-foot price of $1,595. The cap rate achieved is a record low for a Starbucks single-tenant building in California’s High Desert area. The per-square-foot price is also a record high in Hesperia for a real estate sale involving a single tenant. The drive-thru property spans 2,000 square feet and sits on a total of .81 acres. Built in 2017, the property is a winner due to the fact that it is highly accessible. A pylon sign that will be visible from Interstate 15 will soon be built, and about 108,000 automobiles that move along the interstate each day can easily stop at the coffee shop. A private investor was the purchaser of the Starbucks building. Southern California remains a promising location for selling and buying properties featuring commercial leases. However, a deal may end up failing if it is not approached in the proper way. A qualified attorney in Los Angeles can provide the guidance needed to successfully navigate a commercial real estate deal so that a buyer or seller can achieve his or her financial goals in the Golden State. Source: inlandempire.us, “ Sale of Brand New Single-Tenant Starbucks in Hesperia “, Feb. 27, 2018

Alphabet, the parent company of Google, has been active in the office space arena recently. In fact, it has added office space much more quickly than other Bay Area technology companies. Like Alphabet, other companies in Los Angeles and other parts of California can take advantage of commercial leases to expand their business operations. In Alphabet’s case, the tech giant now leases or owns commercial real estate that is equivalent to a total of 14 San Francisco Salesforce Towers. In other words, the company spans nearly 20 million square feet. This means that its footprint is nearly 40 percent bigger than that of Apple. Facebook is in third place with a more than three million square feet. However, this social media giant is ready to expand this by half with a brand-new campus in Menlo Park, and it also has projects in Fremont and San Francisco. The largest division of Alphabet, Google, employs over 34,000 individuals. The challenge that many startups face today is competition from the likes of Google, not only on the business front but also on the commercial real estate front in Los Angeles and other parts of the Golden State. Many startups are having trouble securing commercial leases, as landlords might be more apt to enter into contracts with established firms, which can sign lengthier leases or even purchase their properties down the road. However, with persistence and financial preparation, startups can still secure good leases. Before they sign on the dotted line, though, seeking the help of an attorney may be a wise move to make sure that the lease agreements truly reflect their wishes and needs long term. Source: San Francisco Chronicle, “ Google’s Bay Area real estate empire equivalent to 14 Salesforce towers “, Wendy Lee, Feb. 23, 2018

Alphabet, the parent company of Google, has been active in the office space arena recently. In fact, it has added office space much more quickly than other Bay Area technology companies. Like Alphabet, other companies in Los Angeles and other parts of California can take advantage of commercial leases to expand their business operations. In Alphabet’s case, the tech giant now leases or owns commercial real estate that is equivalent to a total of 14 San Francisco Salesforce Towers. In other words, the company spans nearly 20 million square feet. This means that its footprint is nearly 40 percent bigger than that of Apple. Facebook is in third place with a more than three million square feet. However, this social media giant is ready to expand this by half with a brand-new campus in Menlo Park, and it also has projects in Fremont and San Francisco. The largest division of Alphabet, Google, employs over 34,000 individuals. The challenge that many startups face today is competition from the likes of Google, not only on the business front but also on the commercial real estate front in Los Angeles and other parts of the Golden State. Many startups are having trouble securing commercial leases, as landlords might be more apt to enter into contracts with established firms, which can sign lengthier leases or even purchase their properties down the road. However, with persistence and financial preparation, startups can still secure good leases. Before they sign on the dotted line, though, seeking the help of an attorney may be a wise move to make sure that the lease agreements truly reflect their wishes and needs long term. Source: San Francisco Chronicle, “ Google’s Bay Area real estate empire equivalent to 14 Salesforce towers “, Wendy Lee, Feb. 23, 2018