Construction is nearly complete for a new apartment complex — set to launch in mid-August — near campus. The complex is geared toward CSUN students and its developers expect full occupancy despite the university offering few in-person classes in the fall. The new housing...
One of L.A.’s largest property management firms has found a way to stand out from the increasing competition by helping developers design apartments to attract tenants before the properties are built rather than just managing them once they’re finished. With almost 30 years behind...
Developers are beginning to work with property managers earlier in the development process. Typically, developers bring in a property management team after delivery, but some developers are beginning to bring in these teams at preconstruction stages for consultation. To find out more, we sat...
6. Storing your stuff—even after you move out If you forget those vintage neon beer signs, your landlord had better not offload them at the nearest Goodwill. Even though your landlord has the right to immediately move your belongings to rent out the property,...
Tuck-under parking structures have been deemed serious safety hazards, and will now require seismic retrofits. This includes soft-story buildings with carports, which account for more than 10,000 buildings in Los Angeles. In this exclusive interview, we sat down with Robert Lopata, president and co-founder...
Constructed in the early 1980s, the San Fernando Valley shopping center anchored by Target and Kohl’s traded for roughly $233 per square foot. Paragon Commercial Group has acquired Northridge Plaza Shopping Center, a roughly 235,000-square-foot asset in Northridge, Calif., from NLSR LP, for $54.7...
Northridge Plaza Shopping Center, a 235k sf retail center on 16.5 acres in the northwestern San Fernando Valley community of Northridge, traded hands for a price of $54.7 mil, or $233/sf. The property, located at 8742 to 8876 Corbin Ave, north of Roscoe Blvd...
Los Angeles-based LBPM negotiated the $54.7-million sale of Northridge Plaza Shopping Center, a roughly 235,000-square-foot retail center in Northridge, CA. El Segundo, CA-based Paragon Commercial Group acquired the property, and plans to maintain its original use. Situated on 16.5 acres at 8742 to 8876...
Some of the 5,000 bootlegged units across Los Angeles created without a city permit could soon become legal. The Los Angeles City Council voted 12-0 on Wednesday to approve an ordinance that would permit previously unapproved dwelling units that had been “bootlegged” into multifamily...
LOS ANGELES—With the steep competition in multifamily, property management firm LBPM is encouraging small multifamily owners to treat their multifamily investments like a commercial asset. Click here to read more.
Don’t Make Price Your Only Criteria When Choosing a Policy That said, Brandon Stein, COO of LBPM, a Los-Angeles based property management firm, recommends not making price your sole criteria, as well as considering higher deductible plans. The importance of insurance for a new...
LOS ANGELES—Robert Lopata, president and co-founder of property management firm LBPM, has increased the units at many of his properties by converting existing square footage into legal units, and going through Building & Safety for approval. If landlords can meet all requirements, which may...
LOS ANGELES—Apartment owners with additional common space or with already converted ‘bootleg’ apartments may be sitting on goldmines, according to Robert Lopata, president and co-founder of LBPM. His property management company has been maximizing the unit count at vintage 1960s and 1970s apartment product...