Many Californians have had their eyes on the fate of a number of propositions. Among them is Proposition 15, which called for increased property taxes on commercial and industrial properties. Although the result has not yet been certified, the reported vote tally indicates that Proposition 15 will be defeated by a 51.86% to 48.14% margin. What does Proposition 15 victory mean? For the past 40...
OverallSouthern California’s Industrial sector has been one of the top industrial submarkets for commercial assets. Momentum of the industrial market is due to the increased demand in e-commerce, manufacturing and warehousing to store inventory. As we have seen many changes in various industries due to COVID-19, the industrial sector has continued to retain high occupancy and demand during these...
Can Lessor demand financial statements from Lessee under the AIR CRE Leases? In light of COVID-19 closures, many Lessees are requesting rent relief from their Lessors, in the form of deferral or abatement. Lessors are more curious than ever to understand the financial situation of Lessees. In most cases request of financial statements are only in connection with a sale, finance, or refinance by...
As we all navigate during this difficult time, I am continually trying to find the best ways to assist my clients. I would like to share some of the most effective ways I have been able to assist past clients to be better prepared for the unknown. This week I will be featuring “Sale-Leasebacks”. One of the ways companies raise funds, increase earnings and enhance liquidity is by freeing capital...
It is our hope this email finds you well. Our hearts go out to all those impacted by the Coronavirus (COVID-19). As the situation evolves, we hope that you are taking all precautionary measures in keeping yourself, your family and loved ones safe. During this time, you might also be worried about moving forward with your real estate. We are reaching out to let you know that we are here to help and serve...
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