Income Property Expo (2September 27) LLA 12454
September 7, 2017

How California's State And Local Governments Are Addressing
The Affordable Housing Crisis

 

With the highest cost of housing in the nation, California's affordable housing crisis is threatening the economic vitality of the state.

The majority of renters, more than 3 million, pay more than 30% of their gross monthly income for housing, and one-third of renters, about 1.5 million, pay more than 50% of their income for a place to live, according to…

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Income Property Expo (2September 27) LA 12454
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Everything You Need To Know About Affordable Housing

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RealtyMogul Launches New Fund To Get In On Multifamily Market

Many people nationwide are opting to rent instead of buying a house. In response to that trend, RealtyMogul.com is launching its second real estate investment trust, MogulREIT II, which will target the multifamily market. The REIT will invest in multifamily properties nationwide that…

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REFM (BetterDecisions) FILLER
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The Art Of Generic Reusability In Construction

PRESENTED BY:   Pacific Cornerstone Architects
 

“Generic reusability” is gradually becoming the name of the game in construction and redevelopment in parts of the West Coast, with contractors and developers repurposing buildings for uses that may no longer correlate with the original purpose. One company establishing this…

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Obama To Get Stretch Of Freeway Named After Him

President Barack Obama may have been a student at Occidental College for a short time, but in honor of his service and temporary residence in Southern California, part of the 134 Freeway between the 210 Freeway and 2 Freeway interchanges…

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CohnReznick (2017 Midyear) FILLER 12492
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Lincoln Center West In Santa Monica Sells For $30.5M

MDC Realty Advisors recently purchased Lincoln Center West in Santa Monica for $30.5M from Joss Realty Partners. The deal adds up to a pretty penny: $1,296/SF. Joss Realty bought the 23,531 SF, Class-B building at 1315 Lincoln Blvd. a couple…

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Amazon Wants Cities To Compete For Its New $5B North American Headquarters

E-commerce king Amazon.com Inc. has opened its search for a North American site to build a second $5B headquarters, where it will employ an additional 50,000 high-paid employees. 

The tech giant has issued a request for proposals and is soliciting bids from state governments and local officials interested in bringing the new campus to their community. The RFP mentions that incentives offered by bidders will be “significant factors” in…

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Companies Are Paying $33M More A Year To Be Close To Tech Talent

When it comes to the search for young tech talent, companies are not sparing any expense. Some employers are even paying a $33M annual premium to be in the country's top tech city over a burgeoning market.

"Since the cost of talent is the largest expense for most firms, the quality of that tech talent is becoming one of their most important considerations," CBRE Director of Research and Analysis in the San Francisco Bay Area Colin Yasukochi said in a statement. 

Employers are flocking to some of the most expensive real estate markets in the country in pursuit of young professionals, spending multimillions annually on real estate costs and employee wages. These tech markets overwhelmingly possess three key factors: strong higher education attainment, robust job creation and a large millennial presence.

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This Report Says Retail Jobs Will Disappear Entirely To Automation. Here's The Effect On Real Estate.

Human employment in the retail sector could disappear entirely.

That is the startling assertion made by Oxford University academic Carl Benedikt Frey and Citigroup last week in a 114-page report. Frey came to prominence in 2013 when he predicted that 47% of all current global employment was susceptible to automation. The current report, Technology At Work 3.0, goes even further for the retail sector.

Here is what you need to know about the predictions for employment, which have big implications for real estate.

Click here to read the full story.

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