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August 2017 Archives

Real estate investing in the age of Trump

The election of United States President Donald Trump in 2016 has left California investors wondering about the future of commercial real estate. There were many reasons to be optimistic; after all, the Trump fortune was largely built on his real estate development acumen, and thus it would stand to reason that this sector may flourish under his administration. After more than six months of Trump in the White House, however, the bullish sentiment on commercial real estate has subsided to some extent. Nevertheless, there is still plenty of action in this economic sector.

CRE market strong during the first half of August

California residents who are involved in the commercial real estate market likely know that August is normally the slowest month of the year for transactions. This year has been different, however, and brokers across the nation have reported brisk business thus far during the first part of the month.

2028 Olympics could be a boon for the Los Angeles CRE market

California residents may be aware that the International Olympic Committee has announced that the 2028 Summer Olympic Games will be held in Los Angeles. This will mark the third time that the city has hosted the quadrennial games, and area real estate developers are hoping that the event will help Los Angeles to cement its reputation as a global commercial hub. In addition to attracting large numbers of tourists from around the world, hosting the games could prompt city planners to approve a number of mass transit and infrastructure projects that have been delayed for years.

Experts warn of looming California housing crisis

California's economy grew at a rate of 3.2 percent in 2016, and the Golden State's gross domestic product has now reached $2.5 trillion according to the Legislative Analyst's Office. This kind of growth creates jobs and stimulates residential real estate markets, but getting even small-scale housing projects off the ground can be challenging for developers. Many developments are fiercely opposed by organized groups of local residents, and some leading media outlets have described the developing situation as a full-scale housing crisis.

Proposed rule change would ease appraisal requirements

Lenders in California and around the country are generally cautious when loans are secured by real estate, and they tend to follow safe and sound banking practices when judging area market conditions and local property values. However, federal regulations require real estate evaluations to be performed by licensed or certified appraisers in certain situations. The minimum threshold for commercial real estate loans has remained unchanged since being set at $250,000 by federal banking agencies in 1994, but it would be increased to $400,000 if proposed rule changes take effect.

Creative Solutions for Complex Legal Issues

Contact Henry B. LaTorraca

400 Oceangate
Suite 700
Long Beach, CA 90802-4306

Phone: 562-216-2942
Fax: 562-216-2943
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