When Californians consider investing in commercial real estate, it's important that they understand a few key terms. After all, the process can be much more complicated than dealing with residential real estate. Contract terms are longer, and the building values are often substantially higher. However, entering the field can provide exciting opportunities for great returns and long-term investment.
A YouTube video creator based in Texas is suing the owner of a local gun shop in Redmond, California, for $7.6 million. The suit alleges that the shop violated the terms of a contract and purposefully hurt the reputation of the creator's YouTube Channel. The contract between the two parties stated that the gun store was to pay 3 cents to the creator for every view of a video featuring guns being fired at point-blank range.
Documents filed at the U.S. District Court for the Southern District of California detail a long list of complaints against the former CEO of Human Longevity. The company alleges that the ex-CEO, who also runs the J. Craig Venter Institute, took a laptop computer from the company that contained trade secrets upon his dismissal from Human Longevity.
Those in California who are looking to start a small business may need to get a commercial real estate loan if they want purchase a property to operate out of. These loans can take anywhere from five to 20 years to pay off, and they generally have a balloon payment due at the end of the term. Individuals who are looking for such a loan have many different options to secure funding.
Hip hop fans in California and around the country will likely know Belcalis Almanzar better by her stage name Cardi B. The 25-year-old diva was already a reality television star when her debut album 'Invasion of Privacy" debuted at number one on the Billboard 200, but her rapid rise to fame has left her embroiled in an acrimonious legal dispute with the man who says that he discovered her on Instagram and nurtured her career.
The first quarter of 2018 saw a relaxation of lending standards at banks in regards to commercial real estate loans. The standards set for banks in 2010 by the Dodd-Frank Wall Street Reform and Consumer Protection Act restricted the ability of banks to grant loans to commercial property investors. Financial analysts expect the rollback of some of these restrictions to create opportunities for commercial property owners in California to refinance their loans.
There are many errors that can be committed by all of the parties involved in the sale of a commercial property. Commercial real estate owners in California should take care to avoid certain mistakes when selling their commercial properties.