October 23rd, 2018 by
Proposition 10, the California Ballot Initiative coming this November being sold as the “Affordable Housing Act,” if passed, will repeal the Costa-Hawkins Rental Housing Act and affect the interests of every California property owner.
July 16th, 2018 by
Over the past few months, I have been on the receiving end of a regular request from multifamily owners in the LA area—"Will you help me lease a vacant unit at my apartment building?" The reason is simple. Self-managing owners who previously utilized Westside Rentals, a full-service leasing platform that connected landlords and renters in Southern California, are no longer able to do so. CoStar Group, owner of Apartments.com, acquired Westside Rentals in 2017.
May 15th, 2018 by
The Los Angeles multifamily market is at a fork in the road. On the horizon looms a decision that may impact investors, property owners, and renters. According to Richard Green, Director of the Lusk Center for Real Estate at USC, rent growth may be slowing in LA in response to new housing development in the area, yet Los Angeles remains one of the most expensive places for renters in the entire country. With affordable housing as their premise, there is a growing group of supporters that would like to repeal a law which, in conjunction with new development guidelines, has allowed multifamily…
May 1st, 2018 by
Recently I joined Greysteel, a leading transactional commercial property adviser for private, middle-market and institutional investors. My focus is to expand the company further into the housing market throughout the South Bay region of Los Angeles County. The South Bay stretches from Inglewood to the north all the way to Rancho Palos Verdes, near Long Beach, to the south.