Law Office of Henry B. LaTorraca Civil Trial Attorney

September 2018 Archives

Contract terms to control building costs and add accountability

Carefully designed contracts for construction projects in California could prevent or limit disputes among owners, developers and contractors. Clear terms that require documentation of all costs and set procedures for changes have the potential to protect a building project from cost overruns or expensive delays.

The potential of blockchain in real estate investment

Just as Bitcoin and other cryptocurrencies are sparking interest among many entrepreneurs in Southern California, the potential of blockchain technology could also be a boon to commercial real estate investors. Blockchain allows information to be distributed through a digital ledger and shared widely. This decentralized system allows transactions to be completed and recorded reliably. While a blockchain technology underlies Bitcoin, Ethereum and other cryptocurrencies, it offers a wide range of potential future applications, including the ability to be exploited as a digital contract mechanism for real estate transactions.

Commercial property prices stabilize as supply meets demand

Many commercial properties in California come with high price tags, but prices have begun to stabilize after years of growth. Price tracking at one online real estate marketplace indicated a small 0.2 percent rise in the August 2018 price index. Looking back at a full year, the marketplace calculated year-over-year growth at a modest 0.4 percent.

What to consider before acquiring commercial property

As California companies get bigger, they generally need more space to function in an efficient manner. In some cases, this means buying a warehouse or a larger manufacturing space. In others, it could mean buying a larger office to accommodate more workers joining the company. When purchasing commercial real estate, it is important to consider how it helps the business both today and in the long-term.

Using technology to maximize revenue

Investors in commercial real estate projects in Los Angeles may be curious about how the technological developments that are constantly taking place can be used to maximize their return and promote their projects. Technology specifically for real estate development is a growing market, especially as tenants of a building can generate significant data that can help investors, developers and others make decisions about what features are important and how they can attract high-value tenants. By learning more about the needs and wants of building tenants, managers of these properties can determine new ways to generate revenue.

Creative Solutions for Complex Legal Issues

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Prospective clients are invited to contact attorney LaTorraca at 562-216-2942 for an initial lawyer consultation to discuss their legal matter.

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