Notes from the market.
Practical writing on Downtown Los Angeles commercial property and Napa Valley land, from a firm that has transacted in both through several cycles.
Notes from the market.
Practical writing on Downtown Los Angeles commercial property and Napa Valley land — from a firm that has transacted in both through several cycles.
Two Costs Downtown LA Property Owners and Buyers Can’t Afford to Ignore
Mandatory seismic retrofit compliance and Measure ULA’s transfer tax are two costs that belong in every Downtown LA property valuation — not just the rent roll and cap rate.
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Where Los Angeles property values are climbing fastest
The LA market is strong as a whole, but the appreciation is not evenly spread. A handful of submarkets are running well ahead of the average.
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Investing in land with water rights — and financing the build
In Northern California, water is the constraint that decides whether a parcel can be developed at all. Land that carries rights is a different asset from land that does not.
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The Napa development blueprint: the math behind an 18-month build
Developing in Napa is not about how much cash you have. It is about how construction financing lets you manufacture value with the bank carrying most of the cost.
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The three Downtown LA commercial submarkets, explained
Downtown Los Angeles is not one market. It is a collection of districts with different tenants, different rents and different rules of thumb. Here is how to tell them apart.
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The 45-day clock: what 1031 buyers actually need to plan for
A 1031 exchange gives you 45 days to identify replacement property and 180 to close. Most of the pressure is avoidable if you start before you sell.
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Why Napa Valley land holds its value
Napa is a scarcity market by design. Understanding why the supply is constrained explains most of what happens to prices there.
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