The most pressing issue in 2020 commercial real estate (CRE) and property management is client retention. Covid-19 has expedited a shift from the in-person office to work-from-home. Many office jobs simply do not exist anymore, and it is still unclear how many jobs that moved to the home from the office will stay there. While […]
Los Angeles Commercial Property
Doubling Down: How One Owner Profited by Remodeling During a Major Vacancy
The Challenge Architect and commercial property owner Eric Luk had a decision to make in 2017. His five-building commercial complex West Main Place Medical and Professional Plaza was about to lose a major tenant occupying roughly fifteen percent of the complex’s leasable units. In the face of major vacancy, he could either hit the panic […]