by Greg Wasik | Apr 24, 2018 | Los Angeles Real Estate and Appraisal News
SoCal’s median home price increased 8.4% in March compared to a year earlier. This set a new all-time high, as hopeful buyers engaged in bidding wars over a limited supply of homes on the market. The six-county region’s median price for new and resale...
by Greg Wasik | Apr 22, 2018 | Los Angeles Real Estate and Appraisal News
The legendary Fairmont Hotel in Santa Monica has just released its 4th plan for a major renovation after community and government feedback. The hotel, owned by Michael Dell’s MSD Capital LP fund, released its newest plan which calls for a low rise modern update...
by Greg Wasik | Apr 12, 2018 | Los Angeles Real Estate and Appraisal News
The Sterling Organization (Florida) purchased the 6,200-square-foot retail property at 456 North Rodeo Drive from Karl B. Schurz Trust in an off-market deal. The buyers had received an option to purchase the property included with a long-term ground lease signed in...
by Greg Wasik | Apr 7, 2018 | Los Angeles Real Estate and Appraisal News
According to Apartmentlist.com, rents have been flat the past month however have increased by 3.1% year over year compared to 2.9% for California and 2.0% across the nation. Currently, median rents in Los Angeles are at $1,350 for a 1-bedroom apartment and $1,740 for...
by Greg Wasik | Apr 2, 2018 | Los Angeles Real Estate and Appraisal News
…A new study found rent in the city of Lancaster, an hour drive north of downtown Los Angeles, skyrocketed by double digits from the previous year…. With an average rent of $1,210, Lancaster, a city with a population of 160,000 people, has one of the...
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