California's "Tenant Protection Act of 2019" & What It Means to You
Integrity in Real Estate: Spinning the Story on Rent Control
On January 1, 2020 the entire State of California will be under what the New York Times has called the strictest rent control ordinance in the nation.
Every city, every property that qualifies under the new “Tenant Protection Act of 2019” signed into law by Governor Newsom and every tenant and landlord will be impacted.
What do you need to know in order to understand the new law, both as landlords and tenants? Urban Advisors is here to assist.
Is L.A.’s Tom Bergin’s Tavern a Historic Landmark? The Owner Doesn’t Think So.
Using sensationalistic and misleading strategies to garner support, some elected officials will put a spin on these laws calling them something other than “rent control,” despite the fact that the rules that fall under them are the same. Additionally, many brokers will use unethical tactics to woo investors to purchase buildings in these areas, without disclosing the risks involved.
Rent Control in California: Good Idea?
When does the city have the right to step in and claim your property as historical? That’s what L.A.’s Tom Bergin’s Tavern now-shuttered tavern owner is asking. And the Los Angeles City Council came back with their answer.
New Headquarters Coming Soon for HBO
Rent Control is the single most polarizing topic in tenant/landlord relations and perhaps even in the annals of City Halls and the State Capitol. Nobody wants to see a low income senior moving out of their home of 30 years due to massive rent rates, nor the family of four moving into a smaller place, priced out of their modest apartment. “Rent Control” must be the answer, right?
Housing Policy Proposals Coming to Combat Homelessness in California
HBO has made it official. The company will move from its current location in West LA to take up residence in the new $350 million Ivy Station development in Culver City, now under construction and targeted to house 50,000 square feet of restaurants, along with apartments, retail stores and a 148-room hotel. In total, the megaproject will spread 5.2 acres.
New Horizons in Store for Santa Monica’s Fabled Third Street Promenade
There are enough homeless in Los Angeles County alone to nearly fill Dodger Stadium. Three new initiatives in California seek to tackle this persistent problem. How will this impact the housing market overall? Read on…
Apple's Austin, Texas Expansion & Amazon's Challenges Explored
Retail centers everywhere today have felt the pinch of online competition and changing consumer habits, and Third Street Promenade is no different. And so, the famous street is preparing for a major facelift, its first since 1989. Check it out…
L.A.’s Westside Pavillion Mall to Convert to Creative Office Space
Apple follows other tech giants expanding beyond the West Coast. After a yearlong “bake off” contest considered by some an ill-advised PR stunt, Amazon announced in November that it would divide its second headquarters between sites in Queens, New York and Northern Virginia. Eager real estate investors immediately began snapping up property in the surrounding area. However, the announcement was soon met by some local opposition. Our new blog explores…
Construction of New Apartments Slowing
In one of the biggest single-building office leases in modern Los Angeles history, internet titan Google has a new address, 10850 W. Pico Blvd, home of the former Westside Pavilion Mall. Real estate investment trust Hudson Pacific Properties and Santa Monica, California based mall owner, Macerich have teamed together to revamp the aging mall into modern office spaces – of which Google will occupy over half a million square feet – 584,000 square feet.
Is Rent Control a Good Idea to Help Solve the Current Housing Crisis?
Over the past decade we’ve experienced an unprecedented boom in apartment construction across the United States. Over the course of the past year, it seems that this pace is starting to slow. What does this mean to you as an investor? Let’s explore.
Far too many people can no longer afford to keep living in the cities or neighborhoods that they grew up in. And if we as landlords don’t participate in the crisis of affordability by acting to find solutions, the government may try and create a solution for us…