With high demand for Los Angeles industrial space and growing need for warehouses, the industrial market is rapidly evolving. Here are the top trends that will emerge in the next two years.
Prop 64 will increase industrial property values for the short term in North Costa Mesa and parts of Santa Ana by up to 40%, and industrial property rents in these areas could double, Lee's Jack Haley and Greg Diab tell GlobeSt.com.
The US apartment construction pipeline has filled up as demand has escalated, but year-to-date completions through Q3 aren't running far ahead of the pace set last year, says Yardi Matrix.
The way we have been measuring millennial demand for homeownership may be been skewed. A report from Fannie Mae and the University of Southern California tackles a new approach that shows millennials are more enthusiastic about home ownership than realized.
To help pay for the massive transit improvements, the RPA recommends imposing tolls on the four East River bridges, charging tolls on all major roads (including interstate-designated highways) and ultimately instituting vehicles miles traveled or miles-based user fees.