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 market 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 market cycles.

Two Costs Downtown LA Property Owners and Buyers Can’t Afford to Ignore
Seismic retrofit compliance and Measure ULA’s transfer tax belong in every Downtown LA valuation — not just the rent roll and cap rate.
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The 45-day clock: what 1031 buyers actually need to plan for
The identification window is won or lost before your property sells. Here’s how to prepare so the clock works for you, not against you.
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Why Napa Valley land holds its value
Napa is a scarcity market by design — and that design is exactly what protects long-term land values.
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Investing in land with water rights — and financing the build
Water is the constraint that decides whether a parcel can be developed at all. What to verify before you buy, and how the build gets financed.
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The Napa development blueprint: the math behind an 18-month build
How development financing lets the bank carry the costs while you create the value — the numbers behind an 18-month build.
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Where Los Angeles property values are climbing fastest
The LA market is strong as a whole, but appreciation is not evenly spread. Where the gains are concentrating — and why.
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