Bisnow has an interesting article today about the ability of a few pioneering restaurants to “spur development in underserved neighborhoods”. Now, before we dive in, we need to be clear that “underserved neighborhoods” are not empty places waiting for some new business to come in and put them on the map. Generally speaking, these neighborhoods are
At Adaptive, we’re 100% focused on multifamily. But that doesn’t stop us from observing what’s going on with other asset classes in our little submarkets. And, recently, I’ve become convinced that there is are opportunities for smaller, food and beverage-driven retail along both Temple and Beverly, south of the 101 in Historic Filipinotown. Driven by the
As the economy has continued to improve, both nationally and here in LA, it has become harder and harder to find deals worth doing. That said, it’s definitely not impossible. Today, we are closing on a deal with the following characteristics: Currently a vacant triplex Paying $220 / sq ft Suitable for conversion into a
Just finished another 4plex. Think these are among the best 3 bed apartments we’ve ever done.
Thought you guys might appreciate seeing pics of our most recently completed project, a very large 4plex which happens to be located next to another of our projects. It’s obviously not the best time of year to be in lease-up, but the units are so special that I think they’ll go quickly.