Welcome to the real estate blog of Beverly Hills Realty Advisors. The mission of this blog is to provide meaningful and useful information on the real estate and financial markets. It is our intent to keep you informed about what is going on in the commercial real estate market.
SEATTLE — Online retail giant Amazon (NASDAQ: AMZN) has agreed to acquire high-end grocery chain Whole Foods Market Inc. (NASDAQ: WFM) for $13.7 billion. The all-cash transaction amounts to $42 per share and includes the Austin, Texas-based grocer’s net debt.
Continue reading “AMAZON TO ACQUIRE WHOLE FOODS”
Dec. 15, 2018 is closer than it seems, especially for companies that haven’t gotten themselves prepared for the implementation of the Financial Accounting Standards Board’s new lease accounting rules, followed two weeks later by the International Accounting Standards Board’s updated standards. No leases will be grandfathered in, and therefore, says Avison Young’s Sean Moynihan, the time is now to begin analyzing the new rules’ impact on companies’ financial statements.
Continue reading “ACT NOW TO BE PREPARED FOR FASB LEASE ACCOUNTING RULES”
[Originally published at Pacific Research Institute]
The most unaffordable city in the world in which to rent a home is not New York or Tokyo or Hong Kong. The title belongs to San Francisco, where a single person who wants to live on their own needs to earn more than $85,000 a year to pay the rent and a family more than $163,000.
Not far behind is Los Angeles, ranking 10th in the world, according to the 2017 Rental Affordability Index compiled by Nested, an international real estate service.
Continue reading “Rent Control Would Put Housing Out of Reach for More Californians”
San Francisco-based Carmel Partners snapped up a West Los Angeles development site for $49.5 million from a real estate investment firm headed by Beverly Hills developer Alan Casden, according to Real Capital Analytics.
Continue reading “CASDEN DEVELOPMENT SITE IN WEST LA SOLD FOR $50 MILLION”
High-end retailer Fred Segal has signed a lease for 22,000 square feet in a new residential building on the Sunset Strip, bringing an iconic fashion name to a part of West Hollywood better known for its clubs and nightlife.
Continue reading “Fred Segal Inks Lease for Sunset Strip”
By: Tom Georges, Associate Director/Investment Sales, The Stan Johnson Company
Tom Georges was interviewed by Jaime Lacky of Northeast Real Estate Business regarding the state of the net lease market.
Single-tenant investment sales volumes have risen steadily since the end of the Great Recession, with 2015 posting a total of $19.3 billion in the retail sector in the U.S., $21.7 billion in office properties and $22 billion in industrial properties, according to a report by Stan Johnson Company. Northeast Real Estate Business recently spoke with Tom Georges, associate director of Investment Sales with Stan Johnson Company’s New York City office, for insight into the net lease market.
Continue reading “THE NNN MARKET”
Controversial plans to construct two high-rise towers, a hotel, and lots of restaurants and shops on two city blocks in South Los Angeles cleared an important hurdle Tuesday, winning unanimous support from the city’s Planning and Land Use Committee.
In endorsing the project, the committee rejected two appeals that had been filed against it over its size and lack of affordable housing. The plans now move to the City Council for final approval.
Continue reading “‘THE REEF’ GETS ANOTHER APPROVAL”