Posts by JR Riddle

Multifamily Development Market Gaining Momentum

Posted by on May 28, 2012 in Blog | 0 comments

Multifamily Development Market Gaining Momentum

A couple days ago, we did a brief blog post on the retail market heating up.  Today, let’s talk about multifamily.  The multifamily market, specifically new development, has shown signs of growth in 2012.  After the financial crisis, since 2009 the multifamily rental market has experienced an uptick in renter demand and a dip in vacancies.  Couple this with the fact that there has been limited supply due to a lack of debt financing.  However, over the last several quarters, we are starting to see a recovery on all fronts, with Los Angeles leading the pack.  According to CoStar,...

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Retail Real Estate Market Heating Up

Posted by on May 21, 2012 in Blog | 0 comments

Retail Real Estate Market Heating Up

Not only will this year mark a resurgence in the multi-family real estate market, but retail will become stronger as well.  Already this year, there has been an increase in the trading of new retail properties by REITs nationwide, with the activity projected to grow moving deeper into 2012.  According to CoStar Group, “The deals highlight not only expanding investor interest for retail properties beyond the prime markets and core properties, but also a widening interest on the part of major national tenants to expand in mid-sized markets.”  The majority of this activity has...

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New Wave of Adaptive Reuse in Downtown Los Angeles Geared Toward Restaurants & Retail

Posted by on May 1, 2012 in Blog | 0 comments

New Wave of Adaptive Reuse in Downtown Los Angeles Geared Toward Restaurants & Retail

If you had the opportunity to read one of our previous posts on the The Kor Group‘s redevelopment of the Eastern Columbia Building being one of the trailblazers of the Adaptive Reuse Ordinance in Downtown Los Angeles, then you will enjoy a recent article published on The Architects Newspaper blog.  We all saw are surge of historic office properties being converted into multi-family uses in the early to mid-2000’s, shortly after the ordinance was put into effect in 1999.  Now, Downtown Los Angeles is gradually starting to see a second wave of redevelopment, this time focused on...

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Los Angeles Metro Board Approves Environmental Documents on Two Historic Transit Projects

Posted by on Apr 27, 2012 in Blog | 0 comments

Los Angeles Metro Board Approves Environmental Documents on Two Historic Transit Projects

On Thursday, the Los Angeles Metropolitan Transit Authority’s Board of Directors voted to certify environmental documents for two transit projects that have long been in the works, both of which will have huge impacts on infrastructure and development throughout the Los Angeles region. The Board certified Final Environmental Impact Statements/Reports (FEIS/FEIR) for both the Regional Connector in Downtown Los Angeles and the first phase of the Westside Subway Extension, to Wilshire and La Cienega in Mid-City. The Board action moves both of these significant transit projects one step...

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The Adaptive Reuse of a Downtown Los Angeles Landmark – Eastern Columbia Building

Posted by on Apr 25, 2012 in Blog | 0 comments

The Adaptive Reuse of a Downtown Los Angeles Landmark – Eastern Columbia Building

Here is a great post on Curbed LA about the renovation of the Eastern Columbia Building in Downtown Los Angeles.  Urban One’s partners had a hand in this when they worked at The Kor Group, and this was one of Dennis Allen’s biggest accomplishments during his tenure at the firm.  Originally built as a department store back in the late 1920’s, one can see the condition that the building was in when Kor acquired it in 2004 when looking at the photos of the water-damaged terra cotta facade.  The condo conversion revitalized this dilapidated structure, bringing it into the...

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