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Los Angeles' original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
Second hand retailers are growing rapidly with $28 billion in sales volume in 2019 and an expectation that sales will double by 2023.
The outbreak of COVID-19 will certainly be a decrease in real estate demand drivers, but there will be some great buying opportunities.
Ashland and ICM joint venture will target sub-institutional, middle market assets run by family owners.
Retail owners should be focused on creating public community spaces at retail centers.
Private REITs are unique real estate transactions where the buyer indirectly acquires real estate assets.
Restaurants and entertainment retailers will be the pillars of the retail market for the foreseeable future.
Restaurants, entertainment venues and gyms are shutting down in Los Angeles for the foreseeable future, but some might not make it through.
KTGY is working on the project, a historic Art Deco parking garage with new retail and residences on 8th and Western.
While there is more prudency, construction projects are still moving through COVID-19 challenges.
CPP buys a 180-unit building in Torrance for $73 million, and plans a $10 million renovation.