Real estate development in California is a lucrative and complex business. Like any business that involves heavy investment, developers generally tend to favor projects that have the greatest return on an investment, but this is not the only factor to consider. As one of the largest economies in the world, California faces a difficult balancing act between expanding the business capabilities of the state and her cities, while also providing housing to meet the needs of the ever-increasing population.
As a tenant, you may find that you have a problem that you believe your landlord should fix, but the landlord does not believe he or she must fix. In these circumstances, it is helpful to understand the limits of what you can expect a landlord to cover and how you might compel a landlord to fix a minor problem even if he or she does not technically have to.
Residential real estate developers throughout California have been anticipating some new affordable housing bills for a while now, as Governor Jerry Brown continues his push to alleviate the ever-expanding affordable housing crisis here in the Golden State. However, now that several bills have floated around the legislature for a while, it is becoming clear that any sort of real solution may still be quite a long way off.
Congratulations on opening or expanding your business! Entering a new commercial lease is a big deal, and definitely not a decision to take lightly. To ensure that you make the best-informed decisions, there are a few things that you should know going in.
Los Angeles is not exactly "sparsely developed" in the regards to its real estate market. While we don't contend with the population density of many other, more vertically developed cities like New York, housing is not as easy to find by any stretch of the imagination. State and city officials understandably have a bit of complication on their hands in terms of the logistics of hosting the Olympics in 2028. The question on many people's minds is not so much where the events may take place, but moreover where will the thousands of athletes and other individuals working with the Olympics live during the event?