Law Office of Henry B. LaTorraca Civil Trial Attorney

Posts tagged "Commercial Real Estate"

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.

Commercial real estate looks toward youth market

The commercial real estate market in California is increasingly looking toward the future, and for many developers, that means tailoring work to the interests of Generation Z. Developers have noted that young people are interested in eco-friendly construction as well as spaces designed for higher levels of socialization. Generation Z is defined as anyone born after 1996, the generation following millennials. As older members of the generation graduate from university and move into the business world, their purchasing power and influence is on the rise.

Due diligence in a real estate transaction

People in California who are interested in entering the thriving commercial real estate market may want to ensure that they pay sufficient attention to the due diligence process. A buyer looking to invest in a real estate project wants to avoid being mired in a problematic site with ongoing issues or legal concerns. This means investigating the integrity of the building itself, checking for zoning compliance and adherence to environmental regulations, reviewing the title to the land and studying the records of the developer or seller.

Partial Prop 13 repeal would raise commercial real estate taxes

Since California voters passed Proposition 13 in 1978, residential and commercial real estate property taxes in the Golden State have been limited. Upward reassessment of property values cannot exceed 2 percent every year, and the law caps property taxes at 1 percent of assessed value at the time of acquisition. A new initiative scheduled for the 2020 ballot would partially repeal these tax limits and expose commercial real estate to higher property taxes.

Learning the basics about commercial real estate

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.

What to know about commercial real estate loans

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.

Regulatory reform helps banks make commercial real estate loans

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.

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