Centennial AdvisersCentennial Advisers 
Larger properties over 1 million square feet were the bulk of the nation’s Top-100 industrial leases through the first half of 2022. The desirability of the asset type is apparent in pockets of SoCal that are experiencing sub 2.1%, even sub 1% vacancy rates. But also, the rest of the nation is pushing to gain …
Elaine Kim, Investment Adviser, Centennial Advisers Tomorrow, Thursday, August 11, 2022, the California state legislature will vote on SB 679, a bill that would create a dangerous law that will impact California landlords and business owners. The bill seeks to create a “Los Angeles County Affordable Housing Solutions Agency.” The agency would appoint a 21-member …
The vacancy rate for office properties in the southern portion of Tustin is 2.6%, while the overall rate for Orange County is 13.3%. Inventory is very low as under 1.5 million square-feet is available in Tustin specifically. It has been very difficult to gain a foothold in the Tustin office market, driving competitive offers up. …
Senator Majority Leader Chuck Schumer and Senator Joe Manchin introduced the Inflation Reduction Act of 2022 geared toward funding climate initiatives, and lowering the national deficit. In order to achieve this, a series of tax code changes could be underway with ‘carried interest’ being the main target. Carried interest has long been considered a capital …
Rents across the nation took their largest monthly jump since 1986 according to the U.S Bureau of Labor Statistics. June rents spiked 0.8% totaling 5.8% year-over-year. According to BLS, all-items inflation for the month of June registered a 1.3% spike, and 9.1% YOY which is also unprecedented since 1981. In addition, Apartment List reports its …
A beat up and rugged looking Volkswagen Beetle sat parked on the side of the road in Tulum, Mexico. Surrounded by lush greenery and the saltine air of the Caribbean Sea, the scent of fresh coffee drifted into nostrils inspiring the story of “Sunny” and Farm Cup Coffee in West Hollywood. The coffee culture in …
