Office ents in Los Angeles increased 9.3 percent in the final quarter of 2017 compared to the same time period in 2016. That translated to an increase of $3.29 per square foot despite the fact that vacancies were also on the rise in that market. Vacancy rates were at 15.1 percent in 2017 compared to 14 percent in 2016. This was partially attributed to new construction creating more space for lease.
California hockey fans may be excited about the Vegas Golden Knights' inaugural season. However, the Army is claiming that the Golden Knights name is a violation of their intellectual property. It claims that it has used the term Golden Knights since the 1960s for public relations and recruiting purposes. The Army also claims to have rights to the black-and-gold and yellow-and-white color schemes used by the NHL franchise.
The lead plaintiff in a federal class action lawsuit filed on Jan. 26 against Ulta Beauty, a cosmetics company, is a California resident. The lawsuit alleges that the company repackaged returned cosmetics and sold them to customers as though they were new.
Investing in commercial real estate means being responsible for keeping those properties in good condition. It may also mean that California residents have to be aware of legal issues related to owning and leasing property. Typically, investors can choose to do the work themselves or outsource it to a third-party service provider. Those who are new to real estate investing should consider several factors related to a property before investing in it.
The California-based technology giant Apple is facing a consumer backlash after it was revealed that older iPhone models slow considerably when their iOS operating systems are updated. Apple claims that the decision to slow down the performance of older iPhones was made to make their lithium batteries last longer, but critics of the Cupertino-based company say that the throttling is designed to encourage consumers to purchase the latest iPhone 8, 8 plus and X models.