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Demand from Playa Vista is spilling into the neighboring Marina del Rey office market, which has become a low-cost alternative to rising rental costs on the Westside.
We have seen many record-breaking cap rate deals for single-tenant triple-net retail, but Hanley Investment Group's Jeremy McChesney says that is the price of playing in Southern California.
Following strong leasing activity in 2015 and 2016, office leasing in West L.A. has normalized, with dropping long-term absorption numbers and declining sales volume.
In a speech at ULI's Fall meeting, Richard Florida explores what he calls the new urban crisis and why we are experiencing severe political, social and economic divides.
The resurgence of urbanism and the deficit of affordable housing has sparked a major homeless problem, but experts at ULI's Fall Meeting have a solutions.