Law Office of Henry B. LaTorraca Civil Trial Attorney

November 2015 Archives

Updating the commercial real estate industry

California residents have had many years of access to excellent online and mobile tools as they've searched for the right home or attempted to sell a residence. However, the commercial real estate industry has lagged significantly in providing similar tools to its buyers, sellers, leasing agents and brokers. That shortfall is currently being addressed through several trends that are modernizing issues such as data management as developers work to make more intuitive tools available.

California sale involves large commercial property

Blossom Valley Plaza Shopping Center has been purchased by the Inland Real Estate Income Trust, Inc., according to recent reports. The purchase represents a major expansion in the company's California commercial real estate portfolio, which now includes a thriving shopping center that serves up to 89,000 people within a 5-mile radius.

MGM Resorts to sell shares of REIT

Real estate investors in California may be able to own a small part of the Las Vegas Strip by purchasing shares in a new real estate investment trust. On Oct. 29, MGM Resorts International announced that it would be spinning off 10 of its casino resorts to create a REIT called MGM Growth Properties LLC.

Lower energy prices fuel commercial real estate gains

Falling energy prices have left many California residents with more money to spend each month on goods and services, and a nationwide surge in consumer spending has fueled the commercial real estate market, according to a leading financial institution. The Teachers Insurance and Annuity Association - College Retirement Equities Fund said in September 2015 that this trend is likely to continue as long as economic forecasts remain positive. The institution provides financial products aimed at retirees in the academic, medical and research fields.

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