Washington Holdings Trades SoCal Hotel for $68M
The deal is one of the few hospitality trades to close since the debut of the city’s “mansion tax" last year.
Source: commercialobserver.com
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Top News In Measure Ula Today - Breaking & Trending Today
LA Tried To Stop Landlords From Harassing Tenants. Now It's Planning To Ramp Up Enforcement
The city passed a law against harassing renters in 2021. But tenant advocates say enforcement has been lacking.
Source: laist.com
As Chicago Transfer Tax Vote Looms, Similar Policies In LA And NYC Hint At What Could Come Next
In the short term, the Windy City could see a sharp uptick in deals if the real estate transfer tax passes as key players race to get transactions done.
Source: bisnow.com
L.A.'s Multifamily Market Slammed the Brakes in 2023 – Commercial Observer
City’s added transfer tax and higher borrowing costs dragged on investment demand while a wave in construction drove up vacancies
Source: commercialobserver.com
CO's Most-Read SoCal Stories for 2023: Office Woes and Industrial Grows – Commercial Observer
It was a tumultuous year as the market dealt with heightened distress, rising interest rates and persistent economic headwinds.
Source: commercialobserver.com