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myths

Debunking popular construction misconceptions. Many people are concerned about undertaking a commercial construction project because they buy into harmful and simply untrue misconceptions.  To ensure that you are prepared and actually excited for your project, here is the truth behind the most common construction myths. Myth: Contractors are Bad at Communication Many clients have the…

Increasing Popularity of Mixed-Use Properties

Explaining the growing trend towards mixed-use properties. In recent years, mixed-use developments have become a major force in the hospitality, residential, and commercial markets—and for good reason.  By mixing assets, property owners can offer their guests and residents greater value in the form of convenience and increased amenities. Additionally, it seems that mixed-use developments are…

Mixed-Use Developments: Design Considerations

Here are some of the things to think about when designing a mixed-use property. If you are looking to make a lucrative investment, then developing a mixed-use property is a great option.  However, when it comes to designing and organizing mixed-use spaces, some property owners run into trouble.  To ensure that your property is designed…

Sunstone Sells Fairmont for $125 Million

Hotel REIT Sunstone Hotel Investors Inc. sold its Fairmont Newport Beach for $125 million.  The buyer of this massive deal was not disclosed but is believed to be a China-based entity that is affiliated with Infinity Realty Advisors in Los Angeles. The Business Journal was the first to report that the Fairmont was close to…

How to Reduce and Avoid Hospitality Loss

The traveling and hospitality industries are a rather high-risk business due to the risk they run of succumbing to fraud.  Hospitality industries run the risk of fraud because of factors like high average ticket amounts and long fulfillment time horizons compound with high average chargeback rates in order to create above average losses to fraud….

Redondo Beach Waterfront In-Store for a Makeover

The $300 million project would bring in new restaurants, retail, and a public market to the Southern California beach and pier. There are plans for a massive redo of Redondo Beach’s groovy old-timey pier and waterfront. An environmental impact report, written and recorded over three years, was released last week by the city’s planning department….

Projects on Which Lobbyists Are Spending the Most Money

From the Palladium Towers to soccer stadiums, these are the projects that are weighing down the pockets of lobbyists.  Lobbyists have enjoyed yet another year as a new report from the Los Angeles Ethics Commission shows that more than 400 lobbyists and lobbying firms registered with the city have brought in more than $13.5 million–and…

Bonnis Properties Purchases Foreman & Clark Building in L.A. for $52M

The historic Foreman & Clark at 7th and Hill was just sold for $52 million to a developer from Vancouver. A new Canadian player is coming to town. Bonnis Properties, a Vancouver-based company, has completed the acquisition of the historic Foreman & Clark building at 7th and Hill in Los Angeles for a mind-boggling $52…

Internet's Impact on Brick and Mortar Stores

How Your Physical Location Can Compete With The Internet You know the feeling. You need to get a birthday gift for your friend, but you are in your loungewear at home and are enjoying a relaxing day. The internet offers you a solution. You brew yourself a mug of tea while your computer boots up,…

Millennials Lead The Charge For More Housing It is no surprise that Silicon Valley is booming. The tech industry is only getting more and more lucrative and large, drawing an increasing number of people—particularly Millennials—to Silicon Valley, where tech giants like Apple and Google are offering high-paying jobs with full benefits that stretch beyond the…

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