shelter-in-place

Although L.A. has seen notoriously high construction costs for years, some active developers expect that land, building materials, and labor costs will come down amid the pandemic.
Coronavirus  ·  Development
Los Angeles

LA Development Permitting Drops 45 Percent Since April

By Greg Cornfield
Retail trade regained 7,900 jobs or 6 percent over the prior month, but it’s still down 17,400 jobs during the pandemic.
Los Angeles

LA Regained 50k Jobs Last Month, But Still Down 201k Since Coronavirus Outbreak

By Greg Cornfield
The work-from-home phenomenon has introduced new levels of uncertainty for how the experience of working from home will affect the office market, which has already seen discouraging returns since the outbreak.
Coronavirus
Los Angeles

Calif. Commercial Real Estate Will See Pandemic-Driven Impacts Through 2023: Survey

By Greg Cornfield
Office sales volume is on pace to be lower than the 2009 recession, especially if shutdowns continue.
Sales  ·  Coronavirus
Los Angeles

LA Saw 10-Year Low for Office Sales; Sublease Space Jumped a Record-High 22 percent

By Greg Cornfield
Los Angeles-based BH Properties is betting on a “dramatic and troubling increase” in defaults, foreclosures, receiverships and bankruptcy filings across the country.
Coronavirus
Los Angeles

BH Properties Launches $200M Fund to Acquire Troubled Assets

By Greg Cornfield
The Class A office building is just off the 101 Freeway near Lindero Canyon Road.
Leases  ·  Office
Los Angeles

B. Riley Financial Moves to BentallGreenOak’s LA Office with 10-Year Lease

By Greg Cornfield
The U.S. office market recorded 14.2 million square feet in occupancy losses in the second quarter, bringing year-to-date net absorption to -8.4 million square feet. New York City and San Francisco were responsible for 26.7 percent of all net loss.
Leases  ·  Coronavirus
National

Leases are Getting Shorter and Rents are Dropping with U.S. Office Market in Turmoil

By Greg Cornfield
Gov. Newsom referred to the reopening process as a “dimmer switch,” not an “on-and-off switch.”
Coronavirus
California

Surging Coronavirus Cases Leads Calif. to Re-Shutter

By Greg Cornfield
The L.A. Department of Water & Power signed a 132,500-square-foot lease at 233 South Beaudry Avenue in Downtown L.A. in the second quarter this year.
Leases  ·  Coronavirus
Los Angeles

LA Office Leasing Plummeted 52 Percent Since Pandemic Hit

By Greg Cornfield
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All eviction proceedings have been suspended throughout California since April.
Leases  ·  Politics & Real Estate
California

Judgement Day

By Greg Cornfield
Premium
Officials are recommending that counties cancel firework shows for the holiday, and that residents do not gather with people they do not live with. Above, Santa Monica Pier.
Coronavirus
Los Angeles

Calif. Takes Major Step Backward, Closing Restaurants in LA and 18 Other Counties

By Greg Cornfield
Premium
Newmark Knight Frank's Ryan Harding and Jennifer Frisk.
Coronavirus
Los Angeles

Q&A: SoCal’s Summer and Fall Office Landscape

By Greg Cornfield
Premium
California officials ordered bars to close in Fresno, Imperial, Kern, Kings, L.A., San Joaquin, and Tulare counties.
Coronavirus
Los Angeles

With Coronavirus Cases Spiking, Bars Close Again in Los Angeles

By Greg Cornfield
Premium
L.A. City Council President Nury Martinez, center, said her "concern remains that we need substantially more assistance from the White House and our federal government if we are going to meet the housing needs of Angelenos and people throughout the nation.”
Coronavirus  ·  Politics & Real Estate
Los Angeles

LA Approves Major $100M Renter Relief Program

By Greg Cornfield
Premium
A vacant retail property is boarded up on Melrose Avenue in Los Angeles during the recent civil unrest.
Development
National

Lowe Launches Platform to Redevelop Struggling Retail Space

By Greg Cornfield
Premium
Shelter-in-place and social distancing orders led to massive layoffs and furloughs throughout California and Los Angeles. Above, Crafted Donuts on Wilshire Boulevard in L.A.
Coronavirus
California

Calif. Unemployment Rate Steadied at 16.3 Percent in May; LA at 20.6 Percent

By Greg Cornfield
Premium
The list of businesses that can reopen today are bars and wineries not anchored by food services, nail salons, cosmetology services, spas offering aesthetic and massage services, tattoo and piercing shops, tanning salons, casinos, and card rooms and satellite wagering sites.
Coronavirus
Los Angeles

For Fourth Week in a Row, LA Reopens More Businesses with Bars, Spas, Nail Salons

By Greg Cornfield
Premium