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 …
In February of this year, we were hired by the sellers of a leased industrial building in Santa Ana to perform a 1031-exchange and reposition the equity to do better. The property consists of a 12,070 square foot building on over a 20,000 square foot lot, about 10 minutes from John Wayne Airport (SNA). Immediately …
Article published on July 20 | Andy Hagans | https://altsdb.com/2022/07/justin-white-038/ In an era of high inflation and possible tax hikes, it’s important for HNW investors and their advisors to focus on “triple net returns,” and especially proven ways to mitigate capital gains tax liability. Justin White, managing director at Centennial Advisers, joins the show to …
The industrial market in Southern California is the tightest in the nation, in particular, Inland Empire industrial. JLL’s Q2 industrial market report for the IE registered another 13.7% increase in asking rates, while vacancies have trended down by 0.4%. A 158,000 square foot Santa Fe Springs industrial property that initially traded for $36M in January …
In the fall of 2019, a client reached out to our Mid-Cities Multifamily Specialist Stelios Zoumberakis. He was weeks from selling a retail/multifamily mixed-use building in rent controlled Los Angeles, off-market, and was shopping for uplegs. It was a problem for him because he had no representation, and found himself in the unfamiliar world of …
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 …
Once a leader in water-conservation efforts in the area, the 7-acre property where Hotel Fullerton stood since the 1960’s will be redeveloped into industrial property. The $45 Million purchase adjacent to the 91 Freeway represents the high-demand of industrial redevelopment present in Orange County. The move is noted as significant because we typically see office-use …
