Law Office of Henry B. LaTorraca Civil Trial Attorney

February 2017 Archives

The impact of falling oil prices on commercial real estate

The price of gasoline is higher in California than it is in most other states, but it has still fallen sharply in recent years due to collapsing oil prices. A barrel of oil sold for $107 in June 2014, but that figure had plunged to just $26 by early 2016. While this may have been greeted warmly by American consumers, it has created some problems for commercial real estate developers and landlords in regions that rely heavily on the energy sector to provide jobs and occupy office space.

Federal regulators might be tightening CRE lending

After the 2008 recession, the Federal Reserve started monitoring some of the nation's largest banks to ensure that they would have sufficient capital to withstand another similar financial downturn. One way that the central bank has done so is through an annual "stress test," and on Feb. 3, the Fed announced that the 2017 test would place a greater emphasis on commercial real estate loan exposure than it has in the past. This could have an effect on California companies that are developing new commercial projects and or in the midst of financing negotiations.

Federal Reserve concerned about CRE overheating

Luxury apartment buildings are springing up in California cities like Los Angeles, San Diego and San Francisco, and this has some real estate experts worried. Historically low interest rates have led to a flood of development, and selling high-priced apartments is likely to be difficult in some areas. The demand for vacant commercial space has fallen sharply in recent months in major markets like New York, and a glut of multi-family units across the country has stoked worries of a much-feared market correction.

Univision goes dark in Los Angeles and other markets

Ever since its 2016 acquisition of Time Warner Cable, Charter Communications has become the provider to hundreds of thousands of cable subscribers in Los Angeles. Many of them were likely displeased at the end of January to find that they were unable to access the Univision channel. This is the direct result of a breach of contract lawsuit filed last year by the Spanish-language television network against Charter.

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