Hot Topics
California: Proposition 99 Defeats Proposition 98
Californians voted on the competing eminent domain initiatives on June 3rd.
Read about the proposition that passed and how this could affect you.
Hot Weather is Here and You can Help your Tenants Save Money and the Environment
California Edison customers receive rebates when they receive certified air conditioning tune-ups, subject to verification.
1. To be eligible for the rebate: (a) I must be a Southern California Edison customer on a residential, GS-1 or GS-2 rate, and (b) the service(s) I have completed must (i) qualify for the rebate, (ii) be performed at a single-family residential dwelling, or (iii) at a business less than 200kW, fully constructed and occupied, within SCE’s service area. Read on…
Realtors Mobilize to Prevent Additional Costs to Real Estate Transactions
California Association of Realtors initially OPPOSED AB 2678 (Núñez) because it effectively would have required, among other things, that ALL homes and commercial property in California have an energy audit at point-of-sale, and that mandatory energy efficiency investments be made. Read on…
Bill Would Allow Landlords to Ban Smoking in Rentals
SACRAMENTO, Calif.—California apartment complexes could be declared smoke-free zones under legislation. Sen. Alex Padilla says his bill would ensure that owners of rental housing have the option to ban smoking. Read on…
Exchanging Property You Didn’t Know You Had
Transferable Development Rights for Real Property “Development Rights” is defined as unused rights to develop a property to the extent permitted under state or local law. As states and municipalities have acted to restrict and regulate new construction, the value of development rights has skyrocketed. In recent years, some states and local governments have adopted rules permitting unused development rights to be transferred to another parcel. Read on…
4th District Upholds Unique Value of Investment Property
Just because real property is purchased as an investment, it doesn’t mean that monetary damages are adequate to compensate the buyer for the loss of the subject property and accompanying investment opportunity. Read on…
Beverly Hilton Revitalization Plan Development Proposal – Update
The original proposal submitted to the City by Oasis West Realty, LLC, included a 14-story Waldorf-Astoria at the intersection of Wilshire and Santa Monica Boulevards with 120 hotel rooms and 30 condominium units with a 2-story element including a restaurant, a 3-story Beverly Hilton conference center with 50 hotel rooms and a one story cabana pool area. The proposal also consisted of a 13- story condominium building with 42 residential units (Residence A) on the corner of Wilshire Boulevard and Merv Griffin Way, and a second 13-story condominium building with 48 residential units (Residence B) on Santa Monica Boulevard. During the Planning Commission’s review, the proposed project was revised several times. Read on…
New article. California Association of Realtors opposes new bill!
C.A.R. is OPPOSING AB 2678 (Núñez) which among other things, requires that ALL homes and commercial property in California have an energy audit at point-of-sale and that mandatory energy efficiency investments be made. While C.A.R. appreciates the goal of AB 2678 C.A.R. strongly opposes the point-of-sale requirements in AB 2678 because they fail to achieve the bill’s objectives and, such mandates will further weaken the housing market. If enacted, AB 2678 could add thousands of dollars to the cost of purchasing a home, including up to $400 just to have a home audited.
One Person’s Trash is Another Person’s Treasure!
Discover how you can help recycle construction or deconstruction products.
Highlight on Century City Real Estate
The Greening of Century City Pedestrian Connectivity Plan is scheduled to create a vibrant live-work-play community where all aspects of life can be accessed within Century City, and enhanced with connections to transit that provide quick and easy routes to other parts of the city. Does a Century City real estate investment make sense in this market?
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GO GREEN
Everyone has ideas about greening residential real estate, but what about commercial investment property going green. Share your experiences or questions…comment here!
Everyone has ideas about greening residential real estate, but what about commercial investment property going green. Share your experiences or questions…comment here! 