Banks Offering Discounted Rates to Acquire New Business, WSJ Reports
The article describes the "highly codified" steps banks are taking when they offer enhanced rates in exchange for customer loyalty. You can read the WSJ article here.
Lawsuits for supposed ADA violations concocted against vulnerable small businesses in LA, Reports Pasadena Star News
Small business owners in Los Angeles should become aware of this recent development, and verify that the supposed plaintiffs behind any ADA lawsuits directed against them are real people, not fabricated. Read the article here. The Orange Country Register also released an article on this issue: you can read it here.
Featured in Pasadena Weekly 2018
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JOHN ALLE COMPANY was again recognized in the Pasadena Weekly magazine, in its "Best of 2018" edition, as "Best Real Estate Office." You can read more of Pasadena Weekly here, on their website.
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USA Today: 'More store closings coming: An estimated 12,000 shops could close by the end of 2019'
This article from USA Today (read here) describes the widespread trend of retail stores closing down, mainly due to the general transition to internet commerce, but also because recent tariff measures have increased costs of supply purchases.
Slow Rise of L.A. City Rents: Due to Unprecedented New Construction
LA Curbed Reports: 'LA rents rising at slowest pace in five years'. Read the article here. Rental prices for residential apartments in Los Angeles, the article explains, are rising at their slowest rate in five years.
Oregon Universal Rent Control: Article from LA Curbed
Read about the latest measure passed in Oregon instituting universal rent control in this article by LA Curbed.
New Bill in New York Raises Standard for Eviction, TheRealDeal Reports
Newly elected state senator Julia Salazar has introduced a bill in the New York State Senate that would "attempt to cap annual rent increases on market rate apartments," reports Will Parker in the January 30th, 2019 article. You can read the article here.
Competition for Tenants in Downtown LA Apartment Units, TheRealDeal Reports
This January 2019 article from The Real Deal describes the intense marketing efforts being exerted to attract new tenants for the many new apartment complexes in downtown Los Angeles. Competition for tenants has been increasing, the article reports.
Changing Criteria for Brick-and-Mortar Tenants in the Age of Electronic Commerce, Suggests the WSJ
The Wall Street Journal (Esther Fung) published an article reporting on Google's plans to lease space in the Westside Pavilion, in Los Angeles. The article is accessible here, on the WSJ website. An interesting takeaway: with the continued expansion of electronic retail and commerce, some brick-and-mortar retail landlords are changing their criteria for selecting tenants - "medical offices and fitness centers", for instance, are growing more attractive to such landlords, given their enduring potency despite the growth of electronic retail and commerce. It will be interesting to examine, in the coming years, how strongly this trend takes hold.
Bloomberg: Shopping Centers Adopting New Business Model
This article by Bloomberg (read here) describes a resurgence of the short-term lease business model, an adaptation to the recent failure of brick-and-mortar retail venues to compete with online merchandizers and services, like Amazon. Shopping center landlords are approving lease terms as short as six months!
You can read more from Bloomberg here.
You can read more from Bloomberg here.
Langer's Delicatessen Restaurant / 7th and Alvarado Property
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Coverage about the sale of the Langer's Delicatessen
Restaurant / 7th and Alvarado Property, represented by John Alle, is available from the following sources, all published in August 2018: (1) The Los Angeles Times published an article. (2) The Real Deal: Los Angeles Real Estate News offered an article. (3) Curbed: Los Angeles ran an article. (4) Eater: Los Angeles published an article. |
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Featured in Pasadena Weekly 2017
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JOHN ALLE COMPANY was featured in the October 5, 2017 edition of the Pasadena Weekly magazine, entitled "Best of Pasadena 2017". You can read more of Pasadena Weekly here, on their website.
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Volume 33, Number 40
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Mortgages and the New Tax Law
Ms. Laura Sanders, from the Wall Street Journal, discusses the effect of the new tax law on mortgage payment tax deductions. You can see the article below. (The original electronic version of the article is here.)
Negative Effects of Rent Control Policy
The article, "The Economic Implications of Rent Control," by Becky Bower in the March 2018 edition of Apartment Management Magazine, accessibly discusses some of the negative effects of rent control policy, such as reducing the level of housing supply in the medium- and long-term, which ultimately harms renters. You can read more of Apartment Management Magazine here.
Below is the article. (Download the PDF here.)
Below is the article. (Download the PDF here.)
On the Negative Impact of Proposition 10
Visit this website for information on the negative impact of the prospective Proposition 10 in California: noprop10.org. Below is a flyer from Californians for Responsible Housing. (Download the PDF here.)
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© Copyright 2019
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JOHN ALLE COMPANY
Real Estate Advisory and Consulting Services |