Welcome to the real estate blog of Westside 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.
One thing, for sure, about the new tax bill is that real estate investors are big winners.
This article is not meant to be a comprehensive analysis of the new law. I have just excerpted some parts of the bill that I thought would be relevant to real estate investors.
Almost all of these changes begin on January 1, 2018, and revert in 2025.
There’s at least one man in Los Angeles who doesn’t quite comprehend the whole “retirement” deal.
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.
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.
[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.
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.
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.