In the past 12 months, a new wave of real estate development has hit Downtown Los Angeles. Property is trading, projects are being planned, and shovels are in the ground. For those who are not aware, most of Downtown is zoned for high-rise, high-density use, which the core of any major city should be. Although, […]
According to AIA.org, “the Architecture Billings Index (ABI) is a diffusion index derived from the monthly Work-on-the-Boards survey, conducted by the AIA Economics & Market Research Group. The ABI serves as a leading economic indicator that leads nonresidential construction activity by approximately 9-12 months. The indexes are developed from the monthly Work-on-the-Boards survey panel where […]
Some of you avid Urban One fans out there may have read our previous blog posts back at the end of May regarding the resurgence of the multifamily and retail real estate markets. If you’re like me, you have been driving up and down the streets of Los Angeles seeing construction fencing, flagmen, tower cranes […]
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 […]
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 […]