January 19, 2017

Weighing Measure S And The Problems
It Could Pose For CRE

You may have seen the billboards around L.A. saying "Yes on S," but that could spell disaster for CRE, according to local developers.

Measure S, also known as the Neighborhood Integrity Initiative, would place a two-year moratorium on big developments, banning most “spot zoning" and other amendments.  The idea has developers on edge. Those that want to build big developments would be forced…

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NAIOP (ROI) LA PO 11058
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Everything You Need To Know About Multifamily

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Most Expensive House In Nation For Sale In Bel Air

If you're interested in this mega-mansion, get ready to pay up. This Bel Air pad is on the market for a quarter of a billion dollars, making it the most expensive house for sale in the nation. The 38k SF…

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New Hotel May Be Built Next To Hotel Figueroa

A 66-story tower could soon be going up in South Park. Developer Justin L.M. Leong submitted plans Tuesday for a skyscraper across from The Original Pantry Cafe and next to Hotel Figueroa at 913 South Figueroa St. The site is currently…

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Don't Worry, CRE Firms Not Likely To Come Under Scrutiny On Trump's Twitter Podium

Since his upset victory last November, President-elect Donald Trump has chosen Twitter as his personal podium.

In the past few weeks, Trump has taken to Twitter to criticize multinational companies for taking jobs overseas, pronounced top media outlets “fake news!” for reporting stories that paint him in a negative light and condemned A-list celebrities for speaking out about him mocking a disabled reporter. But commercial real estate companies haven't come under fire — and as economic beneficiaries rather than economic drivers, they're not likely to.

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Airbnb Is Increasing Its Efforts To Up Tax Revenue Collection For Local Municipalities

In an effort to work more closely with local municipalities and address the array of concerns officials have with its business model, Airbnb has redoubled its efforts to collect taxes from its hosts.

The home-sharing leader collected and redirected $175M in taxes for local governments in 2016, from $42.6M in 2015, or four times the amount. Those taxes were collected in 20 cities in 2015, but 220 cities last year. Keep in mind that Airbnb has added upward of 1 million listings to its site since 2015. Currently, the firm has 3 million listings throughout 50,000 cities in 190 countries, according to its tax revenue report.

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