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In Orange County, California, office rent over the past two years has grown at the highest rate seen in the United States — 23 percent. A major reason for this growth is that technology firms are being forced to expand into downtown areas and submarkets near core markets due to a lack of space in the core markets. This may spell good news for those offering commercial leases in downtown Los Angeles. Submarkets as well as downtown areas featuring skylines are becoming more in-demand among tech companies versus the traditional brick buildings that they have historically preferred. This is quickly creating new opportunities for investors in commercial real estate in these downtown areas and submarkets. The best part about this trend is that tech companies are willing to pay premium prices for office spaces in these locations. From the perspective of an investor, technology markets that are appealing to occupiers by offering growing high-technology labor pools and low rents for office space are the ones most likely to grow in the immediate future. Still, the business cycle naturally experiences swings. As a result, firms that have realistic projections for growth and realistic valuations, along with practical exit strategies, will help to guard investors against losses. The commercial real estate world throughout the United States is constantly changing, but right now, real estate investors interested in offering commercial leases in submarkets and downtown areas may want to take advantage of deals in these areas while they are still available. Still, navigating the purchase of commercial real estate can understandably be tricky. An attorney in Los Angeles can provide the guidance necessary to seal the deal in a manner that should benefit an investor’s bottom line long term. Source: worldpropertyjournal.com, “ Orange County California Enjoys Highest Office Rent Growth in U.S. Over Last Two Years at 23 Percent “, Michael Gerrity, Nov. 16, 2017

In Orange County, California, office rent over the past two years has grown at the highest rate seen in the United States — 23 percent. A major reason for this growth is that technology firms are being forced to expand into downtown areas and submarkets near core markets due to a lack of space in the core markets. This may spell good news for those offering commercial leases in downtown Los Angeles. Submarkets as well as downtown areas featuring skylines are becoming more in-demand among tech companies versus the traditional brick buildings that they have historically preferred. This is quickly creating new opportunities for investors in commercial real estate in these downtown areas and submarkets. The best part about this trend is that tech companies are willing to pay premium prices for office spaces in these locations. From the perspective of an investor, technology markets that are appealing to occupiers by offering growing high-technology labor pools and low rents for office space are the ones most likely to grow in the immediate future. Still, the business cycle naturally experiences swings. As a result, firms that have realistic projections for growth and realistic valuations, along with practical exit strategies, will help to guard investors against losses. The commercial real estate world throughout the United States is constantly changing, but right now, real estate investors interested in offering commercial leases in submarkets and downtown areas may want to take advantage of deals in these areas while they are still available. Still, navigating the purchase of commercial real estate can understandably be tricky. An attorney in Los Angeles can provide the guidance necessary to seal the deal in a manner that should benefit an investor’s bottom line long term. Source: worldpropertyjournal.com, “ Orange County California Enjoys Highest Office Rent Growth in U.S. Over Last Two Years at 23 Percent “, Michael Gerrity, Nov. 16, 2017

Technology appears to be changing the face of modern real estate investing today in the United States, including in Los Angeles. In fact, when it comes to the retail sector, technology has led to a major shift to online retail from its land-based counterpart. As a result, warehouse commercial leases are beginning to draw increasing attention compared with retail building commercial leases. Consumers in general are starting to purchase many more items online. As the demand for online transactions grows, businesses are needing less merchandise in stores and more warehouse space. In fact, Blackstone — the biggest real estate investor on the globe — has bought hundreds of warehouses totalling more than 400 million square feet of space during the past seven years in several countries. Los Angeles is especially benefiting from the increased emphasis being placed on technology in real estate. Job creation is one of the impacts of technology, with job opportunities booming in this part of California as well as in other states. Blackstone said it is continuing to try to anticipate where real estate technology is moving and then put capital in that area. Whether trying to take advantage of retail or warehouse commercial leases as a business owner, the process of entering a lease agreement can be tricky. Unfortunately, overlooking essential details can end up a business owner time, money and even his or her business goals depending on the nature of the mistake. An attorney in Los Angeles can help to ensure that a business owner’s particular aims and best interests are reflected in a commercial lease before he or she signs on the dotted line. Source: yahoo.com, “ How technology has shifted the commercial real estate landscape “, Julia La Roche, Oct. 7, 2017

Technology appears to be changing the face of modern real estate investing today in the United States, including in Los Angeles. In fact, when it comes to the retail sector, technology has led to a major shift to online retail from its land-based counterpart. As a result, warehouse commercial leases are beginning to draw increasing attention compared with retail building commercial leases. Consumers in general are starting to purchase many more items online. As the demand for online transactions grows, businesses are needing less merchandise in stores and more warehouse space. In fact, Blackstone — the biggest real estate investor on the globe — has bought hundreds of warehouses totalling more than 400 million square feet of space during the past seven years in several countries. Los Angeles is especially benefiting from the increased emphasis being placed on technology in real estate. Job creation is one of the impacts of technology, with job opportunities booming in this part of California as well as in other states. Blackstone said it is continuing to try to anticipate where real estate technology is moving and then put capital in that area. Whether trying to take advantage of retail or warehouse commercial leases as a business owner, the process of entering a lease agreement can be tricky. Unfortunately, overlooking essential details can end up a business owner time, money and even his or her business goals depending on the nature of the mistake. An attorney in Los Angeles can help to ensure that a business owner’s particular aims and best interests are reflected in a commercial lease before he or she signs on the dotted line. Source: yahoo.com, “ How technology has shifted the commercial real estate landscape “, Julia La Roche, Oct. 7, 2017

California, including the area of Los Angeles, remains a hot spot for real estate investors in the commercial sector. A particular area that is drawing increasing attention is Palm Springs, where commercial leases can benefit both businesses and the community as a whole. Part of the draw of this area is the good quality of life it is purported to offer. Greater Palm Springs provides world-class fitness, wellness and health care, featuring a wide range of activities, such as yoga and bicycling. In addition, it has three hospitals along with other facilities. The area is also known for its strong culture and arts focus, with multiple museum locations, community theaters, music festivals and a film festival. Creativity is even permeating the area’s business community, with innovating being encouraged in this area of California. A huge perk for business owners in the area is that the availability and cost of commercial real estate properties have received high rankings among companies that are looking to expand or relocate, as well as among investors. The transportation infrastructure features a rail service, three airports and a zone for foreign trade as well, only adding to the appeal of the area. California continues to offer many opportunities for those interested in providing or taking advantage of commercial leases thanks to the many shopping centers and other types of properties available. However, failure to understand how leases work can cause those interested in a leasing relationship to make ill-informed decisions with negative long-ranging consequences. An attorney in Los Angeles can help to ensure that one’s rights and wishes are protected when dealing with leases in the Golden State. Source: palmspringslife.com, “ The Pursuit of Happiness “, Shelly Cannon, Oct. 4, 2017

California, including the area of Los Angeles, remains a hot spot for real estate investors in the commercial sector. A particular area that is drawing increasing attention is Palm Springs, where commercial leases can benefit both businesses and the community as a whole. Part of the draw of this area is the good quality of life it is purported to offer. Greater Palm Springs provides world-class fitness, wellness and health care, featuring a wide range of activities, such as yoga and bicycling. In addition, it has three hospitals along with other facilities. The area is also known for its strong culture and arts focus, with multiple museum locations, community theaters, music festivals and a film festival. Creativity is even permeating the area’s business community, with innovating being encouraged in this area of California. A huge perk for business owners in the area is that the availability and cost of commercial real estate properties have received high rankings among companies that are looking to expand or relocate, as well as among investors. The transportation infrastructure features a rail service, three airports and a zone for foreign trade as well, only adding to the appeal of the area. California continues to offer many opportunities for those interested in providing or taking advantage of commercial leases thanks to the many shopping centers and other types of properties available. However, failure to understand how leases work can cause those interested in a leasing relationship to make ill-informed decisions with negative long-ranging consequences. An attorney in Los Angeles can help to ensure that one’s rights and wishes are protected when dealing with leases in the Golden State. Source: palmspringslife.com, “ The Pursuit of Happiness “, Shelly Cannon, Oct. 4, 2017

Legal marijuana growers in California, including in Los Angeles, are causing rents and prices for industrial properties to increase exponentially. In fact, in some parts of Sacramento, prices are jumping to never-before-seen heights. This may be good news for those interested in selling commercial real estate or offering commercial leases. According to commercial real estate brokers, light-industrial buildings and warehouses are selling for double the typical asking prices. In addition, rents have jumped to four to five times the normal rent prices in a particular area on the southeastern part of Sacramento. The heating up of this market is leading up to recreational marijuana’s legalization next year in California. Voters in California approved marijuana’s legalization in 2016 with Proposition 64. However, counties and cities are retaining a lot of say in where and how legal marijuana may be grown. Sacramento’s adoption of marijuana-growing ordinances makes it a unique major urban area in California — one that is drawing a large number of businesspeople, even those from other states who want to own legitimate marijuana-growing businesses. A real estate bubble may occur in several years, but the value of properties may be sustained. The idea of higher rents and prices may be appealing for property owners who are interested in selling their properties or offering commercial leases. However, navigating commercial real estate transactions can be tricky, with mistakes potentially costing a property owner or investor a deal. An attorney in Los Angeles can strive to ensure that one’s goals are ultimately achieved in today’s high-demand, competitive real estate market. Source: sacbee.com, “Pot growers take over warehouse space in Sacramento”, Hudson Sangree, Oct. 9, 2017

Legal marijuana growers in California, including in Los Angeles, are causing rents and prices for industrial properties to increase exponentially. In fact, in some parts of Sacramento, prices are jumping to never-before-seen heights. This may be good news for those interested in selling commercial real estate or offering commercial leases. According to commercial real estate brokers, light-industrial buildings and warehouses are selling for double the typical asking prices. In addition, rents have jumped to four to five times the normal rent prices in a particular area on the southeastern part of Sacramento. The heating up of this market is leading up to recreational marijuana’s legalization next year in California. Voters in California approved marijuana’s legalization in 2016 with Proposition 64. However, counties and cities are retaining a lot of say in where and how legal marijuana may be grown. Sacramento’s adoption of marijuana-growing ordinances makes it a unique major urban area in California — one that is drawing a large number of businesspeople, even those from other states who want to own legitimate marijuana-growing businesses. A real estate bubble may occur in several years, but the value of properties may be sustained. The idea of higher rents and prices may be appealing for property owners who are interested in selling their properties or offering commercial leases. However, navigating commercial real estate transactions can be tricky, with mistakes potentially costing a property owner or investor a deal. An attorney in Los Angeles can strive to ensure that one’s goals are ultimately achieved in today’s high-demand, competitive real estate market. Source: sacbee.com, “Pot growers take over warehouse space in Sacramento”, Hudson Sangree, Oct. 9, 2017

A shopping center in Pleasant Hills, California, was recently sold for a whopping $5.3 million. A private investor purchased the center, which features three stores, including a Starbucks. The purchase of such buildings, where small businesses can take advantage of commercial leases, can help to stimulate local economies throughout the state, including in Los Angeles. Besides Starbucks, stores that have called the shopping center their home include a Pier 1 Imports, a Party City, a T-Mobile and an Aspen Dental. However, Starbucks really drove the re-development of this site, which took 14 months to complete after the property was purchased in June of 2016. Starbucks had been searching for an area to locate in the Pleasant Hills area for about three years before purchasing the shopping center. At the time of its 2016 purchase, the property was bought for just $1.5 million. The private real estate investor who just bought the property for $5.3 million had sold a California vineyard to buy the center. The center is now bringing brand-new retailers to the local area in addition to allowing old ones, such as Aspen Dental, to remain there. Purchasing commercial real estate properties in Los Angeles and other parts of California can be exciting, and the properties often generate regular income for their investors. The community also benefits from these purchases, as they prevent vacant buildings from becoming eyesores. However, navigating a commercial real estate deal can be a challenge, and commercial leases need to be reviewed and negotiated before being signed. An attorney can provide the necessary guidance with all of these types of transactions so that one’s goals can ultimately be achieved in the Golden State. Source: triblive.com, “ Pleasant Hills shopping center sold to California real estate investor “, Stephanie Hacke, Oct. 22, 2017

A shopping center in Pleasant Hills, California, was recently sold for a whopping $5.3 million. A private investor purchased the center, which features three stores, including a Starbucks. The purchase of such buildings, where small businesses can take advantage of commercial leases, can help to stimulate local economies throughout the state, including in Los Angeles. Besides Starbucks, stores that have called the shopping center their home include a Pier 1 Imports, a Party City, a T-Mobile and an Aspen Dental. However, Starbucks really drove the re-development of this site, which took 14 months to complete after the property was purchased in June of 2016. Starbucks had been searching for an area to locate in the Pleasant Hills area for about three years before purchasing the shopping center. At the time of its 2016 purchase, the property was bought for just $1.5 million. The private real estate investor who just bought the property for $5.3 million had sold a California vineyard to buy the center. The center is now bringing brand-new retailers to the local area in addition to allowing old ones, such as Aspen Dental, to remain there. Purchasing commercial real estate properties in Los Angeles and other parts of California can be exciting, and the properties often generate regular income for their investors. The community also benefits from these purchases, as they prevent vacant buildings from becoming eyesores. However, navigating a commercial real estate deal can be a challenge, and commercial leases need to be reviewed and negotiated before being signed. An attorney can provide the necessary guidance with all of these types of transactions so that one’s goals can ultimately be achieved in the Golden State. Source: triblive.com, “ Pleasant Hills shopping center sold to California real estate investor “, Stephanie Hacke, Oct. 22, 2017

A realty company in California recently closed a brand-new deal at a property known as the old Garland Center. The data center part of this property has thus been renamed the West 7 Center. Evocative, an internet company, signed a lease for a whopping 42,000 square feet at this piece of property, which is located in the downtown area of Los Angeles. These types of commercial leases can be mutually beneficial for both the lessor and lessee. Evocative provides the secure internet infrastructure that its clients need. Thanks to its recent signing of a long-term lease, it will be able to access two data centers at West 7 Center. It will offer a capacity of 2.5 megawatts. The West 7 Center will actually be the company’s first location for a data center in Los Angeles. The firm already possesses data centers in other parts of California, such as San Francisco, Silicon Valley and Emeryville, as well as in Las Vegas. The property has office space totaling 450,000 square feet on nine floors, and its data center — the biggest one in the downtown area — features more than 280,000 square feet. Commercial leasing can be a lucrative area of real estate for investors. However, figuring out how to handle commercial leases can be tricky for both investors and the tenants interested in leasing their properties. An attorney in Los Angeles can help to ensure that investors’ best interests are protected when putting together and negotiating leases. Likewise, an attorney can make sure that business owners who are interested in becoming tenants at a commercial property are not taken advantage of in the process. Source: therealdeal.com, “ Internet company takes space at Rising Realty’s West 7 Center “, Natalie Hoberman, Sept. 12, 2017

A realty company in California recently closed a brand-new deal at a property known as the old Garland Center. The data center part of this property has thus been renamed the West 7 Center. Evocative, an internet company, signed a lease for a whopping 42,000 square feet at this piece of property, which is located in the downtown area of Los Angeles. These types of commercial leases can be mutually beneficial for both the lessor and lessee. Evocative provides the secure internet infrastructure that its clients need. Thanks to its recent signing of a long-term lease, it will be able to access two data centers at West 7 Center. It will offer a capacity of 2.5 megawatts. The West 7 Center will actually be the company’s first location for a data center in Los Angeles. The firm already possesses data centers in other parts of California, such as San Francisco, Silicon Valley and Emeryville, as well as in Las Vegas. The property has office space totaling 450,000 square feet on nine floors, and its data center — the biggest one in the downtown area — features more than 280,000 square feet. Commercial leasing can be a lucrative area of real estate for investors. However, figuring out how to handle commercial leases can be tricky for both investors and the tenants interested in leasing their properties. An attorney in Los Angeles can help to ensure that investors’ best interests are protected when putting together and negotiating leases. Likewise, an attorney can make sure that business owners who are interested in becoming tenants at a commercial property are not taken advantage of in the process. Source: therealdeal.com, “ Internet company takes space at Rising Realty’s West 7 Center “, Natalie Hoberman, Sept. 12, 2017