Early in my commercial real estate career, I spent most of my first five years walking the streets of Los Angeles, knocking on doors, jumping on loading docks, and introducing myself to business owners, property owners, and tenants. One business became a regular stop. The owner wasn’t ready to make a move, but I kept […]
If selling your commercial property accomplishes an important financial, business or personal objective and you are willing to price it for today’s market it may make sense to sell now. If you do not need to sell and would only accept a price the market is unlikely to support, waiting may be the better decision. […]
Most people see the completed transaction. They don’t always see the years of prospecting, relationship-building, problem-solving and persistence behind it. I recently joined Tori Nook on The Tori Nook Talk Show to discuss my path into commercial real estate and some of the lessons I’ve learned during more than two decades at Major Properties. We talked about: […]
Major Properties is proud to announce the sale of a rare Sun Valley development site situated on 6.9 acres. The buyer, Epicenter Landcorp, has acquired the 11660 Tuxford St. site for $40,000,000, marking the completion of the group’s third real estate investment in the last 12 months. “A meaningful purchase price reduction, seller financing on […]
When it comes to selling or leasing a commercial property, property owners may be tempted to try to handle the process on their own to save on commission costs. However, working with a commercial real estate agent can provide numerous benefits that can ultimately save time, money, and hassle in the long run. Here are […]
I am often asked: Anthony, should I sell today, should I lease lease today, what really is the best avenue to take? My short answer always is “it depends.” This is not a cop-out answer but really the truth because there are many variables a property owner needs to consider when confronted with this issue. Let’s look […]
This is a question that keeps circulating among many professionals in the commercial real estate industry, and it is a question that comes up daily with my clients. The short answer is, it depends. Wow, that is really thoughtful, Anthony. The reason it depends is because first off, each sector of commercial real estate (CRE) […]
CO-WORKING SPACE: How say you? A great concept that has given a professional work environment for many small business’s and has allowed larger companies to expand without taking big expensive traditional office space. I personally think it has been invaluable to so many, including office landlords, small business, one man operations and others. They have […]
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 […]