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Projects, opportunities and real estate industry news

Latest CoStar Figures Indicate Owners Have Put a Hold on Selling By John Doherty CoStar News March 31, 2020 | 08:55 A.M. As the coronavirus shuts down more of the country, apartment owners are showing they are loath to sell. Multifamily listings are at their lowest level in a decade, according to CoStar data. Only about 17,000 units of rentals hit the selling block in the past...

If you're in a 1031 Exchange and need to buy or you want your money to work harder than you're achieving in Bonds, CDs or your bank, you may want to consider apartment buildings in A+ coastal markets such as Santa Monica. In a downturn, you want your money and investment to be insulated as much as possible to preserve...

Vacancies Could Reach Record Levels, Topping a Recent Peak in 2017 State of the Market Video: Coronavirus Will Likely Play Havoc With Apartments Vacancies Could Reach Record Levels, Topping a Recent Peak in 2017 By John DohertyCoStar NewsMarch 25, 2020 | 02:34 P.M. Expect U.S. apartment vacancy rates to hit record highs, CoStar’s experts say. The wave of new properties scheduled to be finished up in...

This is a post copy and pasted from https://www.santamonica.gov/press/2020/03/14/city-of-santa-monica-issues-temporary-moratorium-on-evictions-for-non-payment-of-rent-by-residential-tenants-impacted-by-the-novel-coronavirus-covid-19   City of Santa Monica Issues Temporary Moratorium on Evictions for Non-Payment of Rent by Residential Tenants Impacted by the Novel Coronavirus (COVID-19)   March 14, 2020 Select Language​▼ SANTA MONICA, Calif. – This afternoon, the City of Santa Monica (the “City”) issued a supplement to the local emergency proclamation that places a temporary moratorium on evictions for...

The purpose of this article is to share with my clients news and resources I'm currently reviewing to stay abreast of the current market. Below I've provided a summarized version of each resource along with a link to the full article/reports from JLL and Marcus & Millichap along with charts from CoStar research. For more information, rental rates, renovations, leasing,...

  Eric von Bluecher Director | KW Commercial Multifamily Real Estate Investments 858-252-8082 direct eric@vonbluecher.com BRE# 01926201 11-unit multifamily investment opportunity on 10th Street in Santa Monica, located in the rapidly growing and evolving zip code of 90401. Eight of the units have been tastefully updated with high end appointments. All units have welcoming and efficient floor plans. The asset is a short walk or bike to...