Results for ‘Development’ category

Seeing the big picture

One of my agents is working with a client on an interesting deal and running into a problem. The building itself is great – big, recently built, non-rent control, in an improving area, fair price. The problem is that the current owners don’t have their act together. Missing leases, conflicting estoppels, deferred maintenance issues. None

Update on Highland Park protest

The Eastsider has a nice summary of the protest NELA Alliance did against gentrification in Highland Park yesterday. I’ve already written about where we come down on this issue. Today, I just want to add that I am grateful to the The Eastsider, the commentors on the Eastsider, and to the protestors themselves for carrying

Some thoughts on rents going up in Highland Park

The last few weeks have seen a ton of interest / debate / protest about the rapid gentrification of Highland Park. We have been receiving media inquiries and I thought I’d take the time to share my thoughts here. We have learned a lot, both from our day-to-day business and also the reaction to our agent’s bike

Why all us smirking hipsters are wrong about the Palmer fire

Have spoken with a ton of people over the past few days who are sort of happy Geoff Palmer’s partially-built apartment building burned down. Obviously being happy about a fire is kind of weird. But no one got hurt (that I know of) and many people loath Palmer’s buildings because they’re ugly and anti-social (in the

Paying for Garcetti’s earthquake plan

Today, Mayor Garcetti announced the release of a major report on earthquake safety. The report addresses telecommunication, water systems, office buildings and, most importantly from our perspective, apartment buildings. The issue with apartment buildings is pretty simple. The city has roughly 16,000 soft-story apartment buildings. These are buildings whose ground floor structure can give way

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