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New investors are turning to this housing trend
A rising trend in residential real estate is gaining traction among new investors as high single-family home prices continue to soar. This strategy, known as house hacking, allows homeowners to offset their mortgage costs by renting out portions of their property. The trend reflects a shift in how individuals are approaching homeownership in the current market.
Anheuser-Busch investing $21 million in Los Angeles facilities
Anheuser-Busch is investing $21 million to enhance its facilities in Los Angeles. This investment aims to boost production of Michelob Ultra and Cutwater, as well as establish a training site at the Van Nuys brewery.
Dialog Café to reopen at Sun Rose Hotel less than a mile from flooded location
Dialog Café is set to reopen at the Sun Rose Hotel after signing a year-long lease. The move comes as the original location remains closed due to flooding, with restoration expected to take a year or more. All 90 employees will be brought back to work at the new site.
Real estate agents face a new hurdle for landing customers
Real estate agents are encountering new challenges in attracting customers amid ongoing issues of high prices and affordability in the housing market. This situation adds to the existing pressures faced by the industry as it navigates a fluctuating economic landscape.
Orange County office building sells for $28M — 17% below 2016 price
An office building in Orange County has been sold for $28 million, which is 17% lower than its 2016 price. At the time of the sale, the building was 70.5% leased, with the County of Orange occupying over 61,000 square feet.
Key deadline is fast approaching for new Opportunity Zone program
A key deadline is approaching for the new Opportunity Zone program, which is expected to attract significant competition for available funding. Tighter restrictions are anticipated to result in fewer deals being made under the program.