stay-at-home – Commercial Observer

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

LA Development Permitting Drops 45 Percent Since April

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

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.”

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

LA Office Leasing Plummeted 52 Percent Since Pandemic Hit

By Greg Cornfield

All eviction proceedings have been suspended throughout California since April.

Leases · Politics & Real Estate

Judgement Day

By Greg Cornfield

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.

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

By Greg Cornfield

California officials ordered bars to close in Fresno, Imperial, Kern, Kings, L.A., San Joaquin, and Tulare counties.

With Coronavirus Cases Spiking, Bars Close Again in Los Angeles

By Greg Cornfield

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

LA Approves Major $100M Renter Relief Program

By Greg Cornfield

A vacant retail property is boarded up on Melrose Avenue in Los Angeles during the recent civil unrest.

Lowe Launches Platform to Redevelop Struggling Retail Space

By Greg Cornfield

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.

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

By Greg Cornfield

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.

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

By Greg Cornfield

Senator Scott Wiener, above, and Senator Lena Gonzalez said the Legislature “missed a major opportunity to throw a lifeline to small businesses and nonprofits" after the defeat of SB 939.

Coronavirus · Politics & Real Estate

Calif.’s SB 939 Fails in Committee [Updated]

By Greg Cornfield

County officials announced that professional sports will do mostly without live audiences, and broadcasters will have to practice physical distancing. Cameras will also be in different locations. Above, Dodgers Stadium in Los Angeles.

LA Enters Third Phase in Reopening Economy with Hotels, Pro Sports, Gyms and More

By Greg Cornfield

The return of film production could be a catalyst to Southern California’s rebound, bringing back hundreds of thousands of jobs.

Reel Rebound: Filming Set to Return to Hollywood

By Greg Cornfield

Capacity will be limited in each theater to 25 percent, or 100 people, whichever is less. Above, the iconic TCL Chinese Theatre on Hollywood Boulevard.

Calif., LA Movie Theaters, Entertainment Operations Could Be Rolling this Week

By Greg Cornfield

California lawmakers will announce more amendments to SB 939 on Tuesday at a Senate Appropriations Committee.

Calif. Lawmakers ‘Significantly Amending’ Bill to Renegotiate, Break Leases

By Greg Cornfield

More than 300,000 people lost their jobs in Los Angeles since shelter-in-place orders were enacted. Mayor Eric Garcetti has warned it will take a long time to recover.

LA Lost More Than 300,000 Jobs Since the Pandemic Hit

By Greg Cornfield