In our segment “If I Were the Owner,” Broker, Justin White looks at a building chosen at random and makes some recommendations that might make owning or selling this building better. If I were the owner of 21221 Wilmington Ave, Carson, I’d look at two options: Go to a “WeWork” or Cloud Kitchens type model …
The first week of games was not the only story making headlines as the National Football League commences its 2022-2023 season. Hudson Pacific Properties served as the NFL’s landlord at their—now former—media office headquarters in Culver City. They officially filed a notice with the Securities and Exchange Commission to vacate the 170,000 square foot space …
The country is heading towards a recession, at least according to almost half of the economists recently surveyed by the National Association for Business Economics. Some economists believe we are already in a recession. 47% of economists in the organization’s semi annual survey that was conducted in August felt that the recession will begin this …
San Francisco’s downtown core once accounted for most of the city’s GDP with a 70% sales tax revenue, and 40% of all jobs. And once the pandemic permeated everyday life, mass-vacancies swept across the office sector exposing a vulnerability that could impact the local commercial real estate market. During the aftermath of the “Great Recession” …
Originally published at lbbusinessjournal.com | By Brandon Richardson With the Federal Reserve increasing interest rates four times so far this year, the local commercial real estate market—including industrial, office and retail—is cooling, with properties sitting vacant longer. Asking rents, however, are still strong as uncertainty remains, according to experts. At the onset of the coronavirus …
