LACERA CEO Lou Lazatin (Credit: Wikipedia) The Los Angeles County Employees Retirement Association is putting $250 million towards international real estate funds this year. The association, which represents 165,000 current and former county employees, will put $120 million into Asia, $100 million into Europe, and $30 million into Latin America, according to IPE Real Assets. […]
As brutal cold grips city, mayor invokes emergency powers against bad landlords
Chicago apartment buildings in winter (Credit: iStock) With the city locked down amid wind chills pushing 50 degrees below zero, Mayor Rahm Emanuel issued a rare order Wednesday instructing building inspectors not to wait for permission from landlords before fixing heating systems in rental buildings that violate city code. The mayor directed buildings department Commissioner […]
Red-hot industrial market plateaued toward end of 2018: report
From left: 5959 Randolph Street, a rendering of the Torrance project, and 5300 Sheila Street Los Angeles’ industrial market cooled down in the latter half of 2018 due to limited available space and nervousness about the cycle coming to an end, according to a new report. The plateauing concluded a year in which investors preyed […]
Tax perk meant for mom-and-pop owners will instead benefit major property investors
(Credit: iStock) Small-time real estate investors are being blocked from a tax break that was originally meant to benefit them. The Treasury Department recently released final rules detailing how owners of businesses including limited liability companies can receive a deduction of up to 20 percent, according to Bloomberg. The law, which was part of 2017 […]
Movers & Shakers: Maling-Barnes team joins Avison Young, Jim Linn joins Newmark… and more
Top row: The Maling Barnes team Bottom Row, from left: Eric Roseman, John McMillan, and Jim Linn An investment sales team has jumped ship from Colliers International to Avison Young. The Maling-Barnes team, comprised of brothers Chris and David Maling and Patrick Barnes, have joined Avison Young as principals of its Downtown Los Angeles office. […]
Padlocks, utilities cutoffs and $20K daily fines: How LA’s pot czar wants to penalize landlords of illegal cannabis tenants
LA Department of Cannabis Regulation Executive Director Cat Packer The City of Los Angeles to landlords renting to unlicensed cannabis businesses: Go straight or it’ll cost you. Property owners who rent to cannabis businesses best make sure their tenants have their t’s crossed and i’s dotted because the city will soon vote on a set […]