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Featured Articles
One Person’s Trash is Another Person’s Treasure!
Discover how you can help recycle construction or deconstruction products.
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!
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Mandatory Access for Telecommunications Providers?
Mandatory Access to Commercial Property for Telecommunications Providers?
How do the contracts between commercial or multi-family property owners affect Tenants? The FCC is asking for your comments on an issue that could affect who has access to your property.
[Read More...]To Exchange or Not to Exchange…that is the Question!
Whether ‘tis better to sell and pay taxes or by deferring gain to leverage your portfolio?
Section 1031 of the Internal Revenue Code provides that neither gain nor loss is recognized if property held for investment use in trade or business is exchanged for like property. The term “like kind” refers to the grade or quality of the property, not a specific type or class. Thus, single family rentals can be exchanged for a retail strip center, commercial or industrial property.
[Read More...]Greater Los Angeles Area
Los Angeles Tenants Rights
Wednesday, December 24th, 2008December 19th 2009 - Los Angles Mayor Antonio Villaraigosa signed into effect a new law protecting tenants in buildings that have gone into foreclosure. Tenants of buildings in foreclosure cannot be evicted until the properties have been purchased by new owners. (more…)
Which Properties Are Selling in This Market?
Friday, December 19th, 2008Current Trends and Recent Sales in Venice, California
AB 2204 Could Affect the Cost of Transferring Property
Thursday, August 7th, 2008
AB 2204 is currently making it’s way through the legislature. It is designed to fight discrimination in the real estate market but its effectiveness has been called into question and it’s costs are great. The Bill will require a title insurance company to strike any racist (more…)
Do You Support Subway to the Sea?
Tuesday, July 15th, 2008
The proposed “Subway to the Sea” will extend the Red Line from the current terminus at Wilshire Blvd. and Western Ave., heading west along Wilshire Blvd to Beverly Hills, Century City, Westwood and UCLA and on to the Pacific Ocean in Santa Monica, the Wilshire corridor subway will form the essential high capacity trunk line our public transit system needs, interconnecting with a vastly improved transit bus system and an expanding network of light rail lines. Find out more from the Subway to the Sea Coalition.
4th District Upholds Unique Value of Investment Property
Tuesday, May 6th, 2008
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. (more…)
Beverly Hilton Revitalization Plan Development Proposal – Update
Tuesday, April 22nd, 2008
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. (more…)
New article. California Association of Realtors opposes new bill!
Tuesday, April 22nd, 2008
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!
Monday, April 14th, 2008Discover how you can help recycle construction or deconstruction products.
Highlight on Century City Real Estate
Tuesday, April 1st, 2008
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?
Investigate Further
A Tale of 3 Cities and the Rent Regulations that Bind Them
Tuesday, February 19th, 2008Local government regulation may affect what you can charge a Tenant, the increases you may request, and the conditions upon which you may evict or relocate.
It is important not only for Buyers to be aware of these regulations as part of their Due Diligence, but also Sellers, and their agents, in order to properly value rental income properties, (more…)
Real Estate
Beach Duplex for Rent
In Corona Del Mar very close to the beach. Near shops & restaurants (Zinc Cafe, Banderas, Rose Cafe), markets, hardware store, farmers market, cleaners.
Interest Rate Even Lower
The Federal Reserve has slashed interest on federal funds to 0.25%. In October rates fell to 1 percent, the lowest they had been since 1958.
President Signs the Housing and Economic Recovery Act of 2008 Into Law
On Wednesday, July 30 the Act was signed into law. The Housing and Economic Recovery Act of 2008, which authorizes the Department of the Treasury to purchase obligations of housing Government Sponsored Enterprises (GSEs); reforms the regulatory supervision of the housing GSEs; provides reform of the Federal Housing Administration; provides homeownership assistance and reforms to mitigate recent increases in foreclosures; and contains housing-related tax incentives and other tax provisions.
Take a look at the Bill
Hot Weather is Here and You can Help your Tenants Save Money and the Environment
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 More...]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.
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.
One Person’s Trash is Another Person’s Treasure!
Discover how you can help recycle construction or deconstruction products.
Port to Build ‘Green’
The Port of Long Beach is making plans to build a new “green” headquarters building as it pursues a larger program to clean up the air at the complex.The nine-story, $218 million structure would replace its current cramped headquarters, which was built nearly five decades ago.
Can I Evict a Tenant from a Rent Controlled Apartment Building?
That depends upon the property location (governing city ordinance), how long the tenant has lived there, and the purpose of the eviction. If you own rental income property in Santa Monica, Beverly Hills, West Hollywood, Los Angeles, and Newport Beach, you will be dealing with potenially 5 different rules and regulations. Laws change: stay informed. Contact your realtor for additional information and resources.
Test Your Real Estate IQ
As a Los Angeles based Commercial Realtor®, actionrealtysales is committed to providing the highest level of professional counsel to every client, in every engagement. It is important that sellers, and/or their representatives come to the engagement with awareness of some of the basic guidelines and terms involved in the transaction. Here are a few questions that allow you to test your “Real Estate IQ”:
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