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Say goodbye to tennis courts and drab, windowless fitness centers. Say hello to color-splashed clubhouses with open floorplans, high-end coffee bars, and outdoor fireplaces and kitchens. Call it the “Starbucks effect” or the “Millennial effect.” Either way, the big trend in multifamily properties is to renovate or build anew clubhouses that serve as a communal…


Nobody can dispute that the housing market has come back, despite the doomsday case laid out by some economists after it peaked in 2006, then crashed in the Great Recession of 2008. According to the Economist, on average housing prices have recovered all their losses since the 2008 drop, although, adjusted for inflation, prices are…


Los Angeles officials are looking at creating a law that would protect tenants who report being harassed by landlords trying to empty apartments so they can raise rents. Tactics could include refusing to do repairs or taking away amenities in the lease, such as parking or laundry facilities, according to a proposal that went before…


It’s a real estate question that historically has had an easy answer: Do single-family detached houses appreciate in value faster than condominiums? The standard answer has been: Of course single-family houses appreciate faster. They are what most Americans prefer to live in, so there’s stronger demand. They come with their own piece of land —…


According to notification on the website of the Los Angeles Department of Building and Safety, the City of Los Angeles recently passed Ordinance 183893, which requires the retrofit of pre-1978 wood-frame soft-story buildings and non-ductile concrete buildings. What is a Retrofit? A retrofit is an improvement to your building by altering or adding any structural…


Apartment rents are growing fastest in smaller cities and secondary markets, far from the mega-cities where developers have focused most of their attention in recent years. “Decent job growth, combined with very low new supply levels, is a recipe for high rental growth rates,” says Louis Rosenthal, analyst for data firm Axiometrics. Here we look…


Apartment data provider Axiometrics predicts that annual effective rent growth in 2017 will match the long-term average, however they say performance will strengthen in 2018 & 2019.  Their latest forecast estimates an average rent growth of 2.3% this year, equaling the average rate from 1995-2016 and actually 10 basis points (bps) higher than their previous…


A California assemblyman is taking steps to protect California children from lead poisoning. In response to reports about higher rates of lead poisoning among children in certain parts of the state, Assemblyman Bill Quirk of Hayward introduced a bill that would require lead testing for all young children. In 2012, more than 650,000 California children…


Tight housing inventory supply could put a strain on this year’s spring home-buying season, according to the monthly Outlook released Tuesday by Freddie Mac. The low supply of inventory continues to push home prices up as they outpace rising incomes. Rising home prices combined with higher interest rates caused affordability to decrease in March. “Tight housing inventory…


BERKELEY — The deaths of a Berkeley married couple by carbon monoxide poisoning in January could have been prevented had their landlords followed state law and properly installed carbon monoxide detectors in their Deakin Street apartment, a wrongful death lawsuit filed in Alameda County Superior Court alleges. Valerie Morash, 32, and her husband of nine…

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