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Dear Friends, In 1991, I sold fifteen buildings in the Downtown Los Angeles market. In 1992 I did not sell one! The market had collapsed. The years of the junk bonds and Resolution Trust (RTC) hit the economy like a lightning bolt. Downtown LA saw 90% industrial vacancies, and a devaluation of property values by […]
Dear Friends, Due to COVID-19, last Friday Major Properties made the decision to work remotely from home. This past week we have closed some escrows and also lost a few. Many clients have pressed the pause button, and buyers and sellers have agreed to wait out the current situation. I have been getting many calls about […]
According the Urban Land Institute and update from Bisnow.com, here here some key factors affecting CRE going forward and into 2019: 1. Office and multifamily amenities on steroids: New office buildings and multifamily assets are going well beyond the fitness center and recreational areas to include child and pet care, bike storage and even a “curated garden” […]
Executive Vice President Anthony Behar was interviewed by Bill Black on the Exit Coach Radio Show recently. Here are his views on the Downtown Los Angeles real estate market:
Martin Beck has been specializing in multi-family real estate for the past five years (out of the ten that he’s been with Major Properties). As most of us are aware, Los Angeles housing is incredibly limited these days. Finding a multi-family property for sale is very competitive, especially one in a good location and priced […]
The Los Angeles Times has reported that the bustling Grand Central Market, one of Los Angeles’ best-known cultural landmarks, has been sold to a Beverly Hills real estate investor who vows to preserve its historic charms. The sale that closed Tuesday included the 12-story Million Dollar Theater tower next door, home to the first movie […]
In case you haven’t seen it, an Apple commercial was shot in the DTLA Fashion District. The ad promotes portrait lighting on the iPhone 8 Plus and is currently running on TV. See link below: https://youtu.be/REZl-ANYKKY
In baseball, when you win 104 games in the regular season, it is expected that you go to the World Series. That is not anything that can be questioned. However, if the Dodgers don’t have enough pressure riding on the outcome of this post season, I want to remind my business friends that real estate economic […]
Bradley Luster, President of Major Properties, takes a photo of Stanley Black and Molly Forrest, CEO of the Guardians Jewish Home for the Aging, at Mr. Black’s 85th birthday party. Stanley Black is an American real estate investor and philanthropist from Beverly Hills, California. He is the Founder and Chairman of the Black Equities Group. Through […]
On August 11th, the Los Angeles City Council voted in favor of having the city sign a contract with the International Olympic Committee and the city of Paris to bring the 2028 Summer Games to Los Angeles, four years after the Games take place in France. At this point the IOC’s vote to approve the […]