Lusk

By Jeff Collins

If the past year is any indication, apartment rents will continue dropping in central and coastal portions of Los Angeles County through the next year, with rent hikes occurring everywhere else in the Southern California, a University of Southern California multifamily forecast said Monday.

For example, the Koreatown-Mid City portions of L.A. will see rent decline 1.2% over the next year, while west Riverside and San Bernardino counties will see rent hikes of 9-10%.

By Jeff Collins

If the past year is any indication, apartment rents will continue dropping in central and coastal portions of Los Angeles County through the next year, with rent hikes occurring everywhere else in the Southern California, a University of Southern California multifamily forecast said Monday.

For example, the Koreatown-Mid City portions of L.A. will see rent decline 1.2% over the next year, while west Riverside and San Bernardino counties will see rent hikes of 9-10%.

Building permits surge as voter-approved incentive program increases potential investment returns on affordable housing in eligible LA neighborhoods.

Cantil-Sakauye: Lawmakers ‘have had since March’ to address eviction crisis

By Greg Cornfield

The Judicial Council of California, which sets policy for the state’s court system, voted 19-1 on Thursday to end emergency rules halting evictions and judicial foreclosure proceedings by Sept. 1.

The rollercoaster year of economic volatility — and competing forecasts for a post-COVID-19 recovery — have created havoc for business plans for 2020 and beyond.

We spoke with ​John Loper​, an associate professor of real estate at the University of Southern California's Price School of Public Policy and president of Palm Tree Communities Consulting Inc. Drawing on his more than 25 years of real estate development experience, Loper shared insights into how commercial real estate investors and developers can adapt to the changing economic climate.

By Brandon Richardson

Despite the economic woes brought on by COVID-19, including historically high unemployment, a mixture of assistance programs has kept renters in their homes, stalling any major impacts to the multifamily market.

“I’m not surprised vacancy rates aren’t going up,” said John Loper, associate professor of real estate at the USC Price School of Public Policy. Loper noted that even those who would be vacating space in normal circumstances are staying put.

By Brandon Richardson

The COVID-19 pandemic, for better or for worse (mostly for worse) has left no industry untouched, including all commercial real estate markets. Across all markets—industrial, office and retail—vacancies have increased but that has not translated to a decrease in asking rents.

Around 20 storefronts along 2nd Street in Belmont Shore sit vacant. Photo by Brandon Richardson.

Industrial