The Effect This is ultimately why we’re here; what is the breadth of the impact on California and its citizens? COVID-19 has already broken many of the proverbial camel’s bones by heaping a megaton of stress on an already inundated back but could Prop 15 be the straw that finishes the job? What happens if [...]
How Prop 15 Will Break California Commercial Real Estate California, the nation’s most populous state and the world’s fifth largest economy, was already having a rough time long before the COVID pandemic was even a thing. Mired in skyrocketing living costs, rising homelessness, all the while sporting the highest sales, gasoline and income tax rates [...]
What the Revision Intends to Do You very well may already be familiar with all that background; after all, if you are a commercial real estate professional or own investment property, this is as fundamental as the process of photosynthesis is to a botanist. The real pressing question is ultimately: why revise it? For [...]
When all is eventually said and done, 2020 may very well go down as one of the most calamitous years for the commercial real estate industry in California history. Already mired in substantial economic duress due to the global COVID-19 pandemic and the stay-home order that has followed, California’s commercial real estate industry and the [...]
Commercial real estate has had its methods for years. As they say, you don't need to fix what isn't broken. This is a toolbox However, one quick web search on cutting edge real estate tech and methodology reveals a growing disparity between the real estate industry inn residential and commercial sectors. Simply put, [...]