by Jodi Summers We know commercial real estate in Inglewood. We’ve been buying and selling it since the last millennium.  It was a bit of a struggle since the City of Champions lost the Lakers to the Staples Center, but the City of Inglewood is known for reinventing itself. The history of Inglewood dates back […]

LEGALIZED MARIJUANA AND INDUSTRIAL REAL ESTATE Jodi Summers Broker Associate Sotheby’s International Realty jodi@jodisummers.com www.SoCalIndustrialRealEstateBlog.com

by Jodi Summers Next year, California is going to get legal marijuana, and both industrial and retail real estate sectors stand to benefit from pot’s legalization. Now the big project is for users and investors to find properties in legally acceptable locations. “Marijuana legalization is a boost to industrial absorption in the states that legalize […]

Special thanks to Benjamin Pezzillo of https://pactriglo.com/ for providing this summary and original document. Recently passed Senate Bill 1069 is a move to help ease California’s housing crisis, making “granny units” easier and less expensive to build throughout the state. The new Accessory Dwelling Units (ADUs) can potentially save thousands of dollars in fees and […]

by Jodi Summers Watch our Metro grow. In the most recent presidential elections, LA approved Measure M – the half-cent sales tax increase to fund new public transit projects and infrastructure improvements. Here’s our metro – now and future… As an FYI, Angelinos spend an average of 81 hours a year stuck in traffic. Currently, […]

by Jodi Summers Have neighborhood rents finally topped out? Los Angeles’ high rents are impacting the city’s demographics, as young people leave the city for more affordable metros elsewhere in the country. A new report from Apartment List analyzed the Census data of 18- to 34-year olds from 2005 to 2015 and found the number […]

by Jodi Summers We thought it was the luxury condos being built in the neighborhood driving up the condo prices in downtown Santa Monica, but according to Redfin it’s because the units are greener than almost every other place in the country. Indeed, in 2015, Downtown Santa Monica was 3rd on the list of the […]

by Jodi Summers Congratulations Los Angeles property entrepreneurs, you are meeting housing demands. It looks like LA real estate developers will add approximately 13,430 new multifamily units to the market by the end of the year. In an attempt to fill overwhelming demand, multiunit construction is at is fastest pace of development in 20 years. […]

by Jodi Summers Do you want to know what rental prices at the beach have gotten so high? Short-term rentals have pushed up the demand and thus the price. The Los Angeles Alliance for a New Economy, a labor-backed advocacy group, estimates that more than 7,000 houses and apartments have been taken off the rental […]

by Jodi Summers The residents of Santa Monica don’t want more residential buildings and they’re not excited about hotels, so they’re getting new office space. The Santa Monica Gateway at 2834 Colorado Avenue is planned as a two-building 200,000-square-foot property with subterranean parking. It is some of the first high tech office space being built […]

by Jodi Summers Commercial real estate is being redefined. The world of 9-5 cubicles and being tethered to your desk is disappearing and square footage needs are shrinking. Offices have places of collaboration and one of many places to do your work…while retail has evolved into a showroom for stuff you can buy cheaper online…or […]