Another former big box back in business. We repped the tenant on an 8,400 SF freestanding building at 2160 Foothill Blvd in La Cañada Flintridge, the former Joann. 10 year term for a repeat client. #CRE#RetailLeasing
Same asking rent, very different cost. NNN: rent plus taxes, insurance, CAM. Modified gross: a negotiated split. Full service: one number, watch base year increases. Compare total occupancy cost. #CRE
The building needed a full rebuild. Our client did not pay for it. 18,361 SF at 4633 Santa Monica Blvd, with the rebuild, roof and HVAC on the landlord. #CRE
@narcommercial Insurance used to be a rounding error in our underwriting. On the LA buildings we manage it's now one of the first numbers we check before we talk price.
The AB 1482 rent cap for the LA metro is 8.7% on increases effective Aug 1, 2026 or later. Unincorporated LA County is 1.919% through June 30, 2027. The rule comes from the parcel, not the mailing address. Not legal advice.
@MyGlendale Thanks for the heads up. For property owners: good weekend to clear brush, check that tenants have your after hours number, and make sure everyone knows the evacuation route.
@commobserver First drop in two years is worth watching. Curious whether it's the small and mid size buildings leading or the big distribution boxes. We leased 56,000 SF in Vernon and 16,465 SF in Bell over the past year, and the smaller product near the freeways never really sat.
🚚 Developers are converting legacy industrial near the Port of LA into modern logistics space.
Last-mile distribution + port adjacency = long-term value.
Industrial remains LA’s backbone.
🛒 The Los Angeles Mall (DTLA) is officially being phased out — City leaders say it’s no longer viable retail.
Adaptive reuse could be its future.
When malls fail, new uses win.
🎨 Creative agency Unfold just bought a 13K sq.ft. office building in Culver City for $11M.
Already owns the one next door.
Media + creative firms keep doubling down on Culver City.
💰 JLL closed $92M construction financing for Aston Residences in Culver City:
- 190 luxury units
- Ground-floor retail
- Transit-adjacent site
Multifamily + retail continues to lead LA development.
🏬 The 2M sq.ft. Lakewood Center Mall is being redeveloped into a mixed-use destination with housing, wellness, and entertainment.
Mall-to-destination = the new wave of retail.
#CRE#AdaptiveReuse
🏢 811 Wilshire Blvd is only 36% occupied.
Jamison defaulted on its $35M loan—now the 21-story tower is hitting the market at a discount.
Distress = Opportunity.
🛍️ L.A. retail vacancy just hit 19.3M sq. ft — a historic high.
But here’s the twist: Q2 retail sales volume hit $1B, up 75% YoY.
Investors are quietly buying the dip.
👉 Why? Undervalued neighborhood centers always bounce back.
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📩 Encore Realty is tracking paused and pre-con projects across LA—from West LA to DTLA—and lining up value-add bids that beat burnt-out capital.
Follow @EncoreRealtyLA & DM us “PAUSED PROJ” to get early-stage deal flow.
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🆘 This isn't limited to small developments—mega-towers and multifamily builds are also impacted. Even the public sector and institutional players are reassessing feasibility.