A management and investment firm in another state recently paid more than $17 million for a creative office facility in California. The building is located in the Redondo Beach area, not far from Los Angeles. The seller, which offered commercial leases at the property, received a generous profit from this sale. The seller, based in Santa Monica, acquired the office site a couple of years ago, paying $9.6 million for it. Thus, it took home a profit of $7.4 million after the recent sale. The 50,000-square-foot industrial building, called LINQ, has been redesigned and features an expansive deck that is Wi-Fi enabled. It also has glass sliding doors along with common areas that offer outdoor seating. Eighty percent of the building is currently being leased to Uber and Amazon. Uber signed a lease for space spanning 10,000 square feet in July 2016. Meanwhile, Amazon leased industrial space spanning 20,000 square feet as well as office space spanning 10,000 square feet. The year 2020 is the expiration date for the electronic commerce giant. The company that bought the property also purchased three properties for more than $20.9 million in Southern California earlier this year. Purchasing commercial properties and offering commercial leases through them can be an exciting endeavor for any real estate investor. Likewise, being able to sell a commercial property and make a profit can understandably be thrilling. However, these processes can also be complicated, and a single mistake may make reaching one’s goals impossible. A savvy attorney in Los Angeles can help to ensure that one’s unique commercial real estate goals are achieved from start to finish in the Golden State. Source: therealdeal.com, “ EverWest nabs creative office — home to Uber and Amazon — in Redondo Beach “, Natalie Hoberman, Dec. 5, 2017
Choosing the right commercial leases can be challenging
Deciding between renting and buying may seem challenging for business owners in Los Angeles. However, commercial leases might be the best options for setting up new businesses because they allow the business owners to move to new locations as needed. In addition, the terms of a lease are shorter than those of a mortgage, and leasing frees up valuable capital, which can then be used for other business purposes. Several factors are important to consider when looking for commercial properties to rent. One is the location of the property. Questions to ask are whether customers can access the location easily, what other companies are set up in the vicinity, how safe the area is, and whether nearby businesses will help one to generate business. The affordability of the property available for lease is also an important consideration. Determining whether a building space is affordable is possible by first putting together a budget for the business. One of the most important points to consider is whether the building has the particular infrastructure one’s business needs as well. For instance, the building needs to be big enough and offer an adequate supply of electrical power. In addition, prior to signing commercial leases, business owners may benefit from determining if the zoning for potential properties will permit them to use the properties how they intend to use them. Unfortunately, a mistake in the property search or commercial lease negotiating process can be costly down the road. An attorney in Los Angeles can help to ensure that one’s best interests are protected before one signs on the dotted line. Source: findlaw.com, “ How to Find Commercial Property to Rent “, Accessed on Dec. 14, 2017
Choosing the right commercial leases can be challenging
Deciding between renting and buying may seem challenging for business owners in Los Angeles. However, commercial leases might be the best options for setting up new businesses because they allow the business owners to move to new locations as needed. In addition, the terms of a lease are shorter than those of a mortgage, and leasing frees up valuable capital, which can then be used for other business purposes. Several factors are important to consider when looking for commercial properties to rent. One is the location of the property. Questions to ask are whether customers can access the location easily, what other companies are set up in the vicinity, how safe the area is, and whether nearby businesses will help one to generate business. The affordability of the property available for lease is also an important consideration. Determining whether a building space is affordable is possible by first putting together a budget for the business. One of the most important points to consider is whether the building has the particular infrastructure one’s business needs as well. For instance, the building needs to be big enough and offer an adequate supply of electrical power. In addition, prior to signing commercial leases, business owners may benefit from determining if the zoning for potential properties will permit them to use the properties how they intend to use them. Unfortunately, a mistake in the property search or commercial lease negotiating process can be costly down the road. An attorney in Los Angeles can help to ensure that one’s best interests are protected before one signs on the dotted line. Source: findlaw.com, “ How to Find Commercial Property to Rent “, Accessed on Dec. 14, 2017
Choosing commercial leases requires understanding of zoning
Laws governing commercial zoning dictate what type of activities businesses can conduct in certain areas. They also determine the categories of businesses that may occupy particular areas. For this reason, paying attention to zoning is critical when looking for commercial leases in Los Angeles. A couple of nuggets of information may be helpful for avoiding trouble with commercial zoning when looking for leasing opportunities. First, sometimes a brand-new zoning law is implemented, but a tenant who existed in a location prior to the law’s implementation may still legally continue with the property’s previous use. After this tenant vacates this property, any new occupant cannot continue the previous use, which is known as non-conformance. In addition, sometimes a former tenant was given a special permit called a variance. This permit allowed the tenant to utilize the property outside the established zoning laws. Such a permit applies only to the particular business given the exception, not to any new tenants who take the business’s place. Not researching and understanding an area’s zoning laws prior to entering into a commercial lease agreement is a major mistake that some business owners make. Another costly mistake that many business owners make when it comes to signing commercial leases is failing to read all of the fine print in the leases. An attorney can help a business owner in Los Angeles review a lease as well as negotiate one in a manner that will benefit the client and protect his or her legal rights long term in the Golden State. Source: findlaw.com, “ Commercial Zoning “, Accessed on Dec. 27, 2017
Choosing commercial leases requires understanding of zoning
Laws governing commercial zoning dictate what type of activities businesses can conduct in certain areas. They also determine the categories of businesses that may occupy particular areas. For this reason, paying attention to zoning is critical when looking for commercial leases in Los Angeles. A couple of nuggets of information may be helpful for avoiding trouble with commercial zoning when looking for leasing opportunities. First, sometimes a brand-new zoning law is implemented, but a tenant who existed in a location prior to the law’s implementation may still legally continue with the property’s previous use. After this tenant vacates this property, any new occupant cannot continue the previous use, which is known as non-conformance. In addition, sometimes a former tenant was given a special permit called a variance. This permit allowed the tenant to utilize the property outside the established zoning laws. Such a permit applies only to the particular business given the exception, not to any new tenants who take the business’s place. Not researching and understanding an area’s zoning laws prior to entering into a commercial lease agreement is a major mistake that some business owners make. Another costly mistake that many business owners make when it comes to signing commercial leases is failing to read all of the fine print in the leases. An attorney can help a business owner in Los Angeles review a lease as well as negotiate one in a manner that will benefit the client and protect his or her legal rights long term in the Golden State. Source: findlaw.com, “ Commercial Zoning “, Accessed on Dec. 27, 2017
Silicon Valley buildings with commercial leases draw investors
Multiple foreign investors have purchased hundreds of millions of dollars’ worth of real estate properties in the Silicon Valley area. This may be good news for these investors, who may see their bottom lines rise over time as they offer lucrative commercial leases to business owners. It may also be good news for the community and other parts of California, including Los Angeles, which may continue to experience economic growth as a result of such purchases. The foreign investors have purchased hotels and office campuses. However, their purchases may come as no surprise, as Silicon Valley remains a real estate investment hot spot. Investors overseas still see the area as the best place for purchasing property and witnessing innovation. A large number of investors specifically come from Asia, with the most active of them being affiliates who are under the control of Han’s Laser Technology Industry Group, based in China. These investors have spent a minimum of $199 million in a total of four acquisitions beginning this past spring. Their purchases have included commercial real estate in San Jose and Sunnyvale. However, one of the biggest property purchases by Asian investors is the purchase of a complex spanning 941,000 square feet in Santa Clara by CBRE Global Investors. Purchasing commercial real estate to make commercial leases available can be an exciting yet daunting endeavor. Simple mistakes can end up costing an investor large sums of money, time and energy. However, a real estate attorney in Los Angeles can provide the necessary guidance for navigating these types of deals in the Golden State. Source: mercurynews.com, “ Asian buyers pour $300 million into Silicon Valley buildings “, George Avalos, Nov. 7, 2017
Silicon Valley buildings with commercial leases draw investors
Multiple foreign investors have purchased hundreds of millions of dollars’ worth of real estate properties in the Silicon Valley area. This may be good news for these investors, who may see their bottom lines rise over time as they offer lucrative commercial leases to business owners. It may also be good news for the community and other parts of California, including Los Angeles, which may continue to experience economic growth as a result of such purchases. The foreign investors have purchased hotels and office campuses. However, their purchases may come as no surprise, as Silicon Valley remains a real estate investment hot spot. Investors overseas still see the area as the best place for purchasing property and witnessing innovation. A large number of investors specifically come from Asia, with the most active of them being affiliates who are under the control of Han’s Laser Technology Industry Group, based in China. These investors have spent a minimum of $199 million in a total of four acquisitions beginning this past spring. Their purchases have included commercial real estate in San Jose and Sunnyvale. However, one of the biggest property purchases by Asian investors is the purchase of a complex spanning 941,000 square feet in Santa Clara by CBRE Global Investors. Purchasing commercial real estate to make commercial leases available can be an exciting yet daunting endeavor. Simple mistakes can end up costing an investor large sums of money, time and energy. However, a real estate attorney in Los Angeles can provide the necessary guidance for navigating these types of deals in the Golden State. Source: mercurynews.com, “ Asian buyers pour $300 million into Silicon Valley buildings “, George Avalos, Nov. 7, 2017
Real estate investment partnerships remain promising today
Real estate continues to be an excellent investment for several reasons. These include high return rates and strong tax advantages. Another major benefit is the ability to leverage these assets to build one’s wealth. It is for these reasons that developing real estate investment partnerships remains a promising goal for many throughout the United States, including in Los Angeles. A major reason why investing in real estate can be so advantageous is that this type of asset offers better returns when compared with today’s stock market. Many factors in the stock market that are beyond one’s control can hurt a stock market investment, but real estate provides an investor with more control because the asset involved is tangible and can be leveraged to capitalize on many revenue streams. At the same time, the investor can continue to enjoy the capital appreciation. Another reason for investors to choose real estate is that homes and land will always have value. On the contrary, other investments might end up featuring no tangible value, such as stocks that plummet to zero, or motor vehicles, which lose their value with each day. Furthermore, commercial property insurance — just like homeowners insurance — can help to protect real estate investments. Matters involving real estate investment partnerships can understandably be complex. However, an attorney in Los Angeles can help with processes such as acquiring commercial real estate, putting together property management agreements, and dealing with partnership disputes. The attorney’s goal is to make sure that in any situation a client’s best interests are upheld from start to finish so that one’s real estate-related goals will be fulfilled in the Golden State. Source: entrepreneur.com, “ 5 Reasons Why Real Estate Is a Great Investment “, James Harris, Nov. 16, 2017
Real estate investment partnerships remain promising today
Real estate continues to be an excellent investment for several reasons. These include high return rates and strong tax advantages. Another major benefit is the ability to leverage these assets to build one’s wealth. It is for these reasons that developing real estate investment partnerships remains a promising goal for many throughout the United States, including in Los Angeles. A major reason why investing in real estate can be so advantageous is that this type of asset offers better returns when compared with today’s stock market. Many factors in the stock market that are beyond one’s control can hurt a stock market investment, but real estate provides an investor with more control because the asset involved is tangible and can be leveraged to capitalize on many revenue streams. At the same time, the investor can continue to enjoy the capital appreciation. Another reason for investors to choose real estate is that homes and land will always have value. On the contrary, other investments might end up featuring no tangible value, such as stocks that plummet to zero, or motor vehicles, which lose their value with each day. Furthermore, commercial property insurance — just like homeowners insurance — can help to protect real estate investments. Matters involving real estate investment partnerships can understandably be complex. However, an attorney in Los Angeles can help with processes such as acquiring commercial real estate, putting together property management agreements, and dealing with partnership disputes. The attorney’s goal is to make sure that in any situation a client’s best interests are upheld from start to finish so that one’s real estate-related goals will be fulfilled in the Golden State. Source: entrepreneur.com, “ 5 Reasons Why Real Estate Is a Great Investment “, James Harris, Nov. 16, 2017
Real estate dispute may involve boundary lines
Arguments between neighbors are sometimes inevitable, particularly when they involve property boundaries. Unfortunately, these arguments can quickly escalate, causing extra problems for both parties. In these real estate dispute situations in Los Angeles, seeking a solution through the court system may be the only option for addressing these issues. Property surveys are completed when properties are purchased and ideally should reveal the properties’ boundary lines. However, two neighbors may not agree on where the lines are, and obtaining a survey that is updated may not be possible for various reasons — for example, due to the property deed’s wording or the property’s age. In this situation, a neighbor may ask a judge to determine the property’s boundary lines, through what is called a quiet title lawsuit. Another option when tackling a property boundary dispute is for the two neighbors to come to an agreement on a certain object that will be their boundary line. This object may be a tree or a fence, for example. Then, both neighbors can sign a legal document known as a quitclaim deed, which would grant each person ownership of the land on his or her side of the agreed-upon object. Real estate dispute situations can easily happen if a homeowner decides to start a building or gardening project near what he or she believes to be the edge of his or her property, for example. An attorney can provide the guidance needed to navigate these disputes, including filing a quiet title lawsuit or preparing a quitclaim deed. The attorney’s goal in Los Angeles is to make sure that one’s best interests and property rights are protected in the Golden State. Source: findlaw.com, “ Boundary Disputes “, Accessed on Nov. 14, 2017
Real estate dispute may involve boundary lines
Arguments between neighbors are sometimes inevitable, particularly when they involve property boundaries. Unfortunately, these arguments can quickly escalate, causing extra problems for both parties. In these real estate dispute situations in Los Angeles, seeking a solution through the court system may be the only option for addressing these issues. Property surveys are completed when properties are purchased and ideally should reveal the properties’ boundary lines. However, two neighbors may not agree on where the lines are, and obtaining a survey that is updated may not be possible for various reasons — for example, due to the property deed’s wording or the property’s age. In this situation, a neighbor may ask a judge to determine the property’s boundary lines, through what is called a quiet title lawsuit. Another option when tackling a property boundary dispute is for the two neighbors to come to an agreement on a certain object that will be their boundary line. This object may be a tree or a fence, for example. Then, both neighbors can sign a legal document known as a quitclaim deed, which would grant each person ownership of the land on his or her side of the agreed-upon object. Real estate dispute situations can easily happen if a homeowner decides to start a building or gardening project near what he or she believes to be the edge of his or her property, for example. An attorney can provide the guidance needed to navigate these disputes, including filing a quiet title lawsuit or preparing a quitclaim deed. The attorney’s goal in Los Angeles is to make sure that one’s best interests and property rights are protected in the Golden State. Source: findlaw.com, “ Boundary Disputes “, Accessed on Nov. 14, 2017
Limiting your exposure to potential mortgage fraud risks
A California real estate transaction is a major legal and financial process, and when there are unfortunate complications, the impact can reverberate for years to come. When buying or selling commercial real estate, you know that protecting your interests is tantamount, including protecting yourself against mortgage fraud. With experienced guidance, you can shield yourself from potential complications that are a result of mortgage fraud. Not only will this save you from possibly substantial financial losses, it can help you avoid legal complications in the future. If you believe that you are already a victim of this type of crime, you would be wise to take quick action to avoid further harm. What does mortgage fraud mean anyway? Mortgage fraud is a term that encompasses various different types of illegal activity, all done with the intent of wrongful financial gain through the mortgage process. As the purchaser or seller of the property, you may have experienced mortgage fraud committed by a real estate professional. Professionals who may commit fraud include the following: Real estate appraiser Mortgage broker Bank officers Loan originators Mortgage fraud for profit usually occurs when a person who works in the mortgage or real estate industry uses his or her knowledge of the processes and laws to act illegally. In many cases, multiple parties are working together to misuse the mortgage process in some way. The result is typically the theft of equity or cash from the subject of the fraud scheme. The people who commit mortgage fraud can be quite creative in their efforts to steal and deceive. Some of the schemes commonly employed include foreclosure rescue schemes, falsely inflating the appraised value of a property, misinformation regarding property conditions and more. If you believe that you are a victim of any type of mortgage fraud, you would benefit from the assistance and guidance of an experienced legal ally. How can you protect yourself? One of the simplest ways that you can minimize your exposure to various types of mortgage fraud schemes is to carefully review all documents before you sign. It can also be useful to have legal support from the very beginning of the purchase or sale process. Avoiding problems or dealing with the consequences of issues related to mortgage fraud is both legally and financially complex. You could benefit from a complete evaluation of your case and thorough explanation of the various legal options available to you.
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