Boyle Heights Land Use Plan Update

The City of Los Angeles is in the process of updating its land use plans. These plans are the way the City plans for the future. The Draft Boyle Heights Community Plan Update is the blueprint for guiding this change. For a PDF of the plan see Boyle Heights Zoning Plan Update. Note the industrial section known as The Flats, on the left side of the image, is being rezoned from Industrial to an Innovative zone. This may be a riff from the CASP multi-zoned ordinance passed for the area north of DTLA near LA State Park, the cornfield.

 

Three paths for U.S. Economy?

No real estate agent can predict what the economy will bring forth in the next 12-24 months. We can look at leading and lagging indicators but no person knows what will trigger the next downturn. James Mackintosh of the WSJ provides an interesting set of options though to consider.

https://www.wsj.com/articles/pick-your-portfolios-story-late-cycle-sugar-rush-or-new-boom-1532971902?tesla=y

Commissary: Food Processing, Coolers, Freezers, Hoods – For Sale – Los Angeles

Rare opportunity to purchase a high quality commissary – industrial food production building with hoods and kitchen. Any food production operation will appreciate the many features of this food prep facility located in Los Angeles in the Southbay neighborhood of Harbor City.

+ 1,446 SF Freezers & 2,074 SF Coolers
+ USDA, FDA & Organic Blast Cooler & Blast Freezer
+ 8,350 SF Food Processing, Floor Drains, Hoods
+ Commercial Kitchen, Baking, Cooking Equipment
+ Dock High Loading, Fenced Yard

Cold storage cooler room with racks

Food Production Room with Hood and Cooler good for seafood/fish, meat, poultry, beef, egg, bakery, meal kit prep, catering, restaurant commissary, beverage, juice, or general food processing operations. Offered for sale and a lease possibly with investor for a financial strong tenant. For more information download the Flyer.

 
Food Production Room

California Energy Benchmarking Law Now Active

In 2015, the State of California passed Assembly Bill 802 (AB 802) to provide building owners access to their building energy use data from utilities, and to track consumption in their buildings. AB 802 also fixed several issues related to AB 1103, the previous statute mandating benchmarking.

With some exceptions, all commercial buildings 50K s.f. and larger will have to benchmark and report to the CEC by June 1, 2018, and every year thereafter. This includes manufacturing and warehouse industrial buildings. For more info see http://cbpa.com/government/benchmarking-ab-802/.

Los Angeles’ Creative Economy

The transformation of the Downtown Los Angeles Arts District can be directly tied to the growing economic strength of creative industries such as  the “entertainment industry as well as other artistic sectors such as fashion, digital media, architecture and the visual and performing arts.” (See recent L.A. Times article Creative Economy Is Booming.

Creative industries has driven employment, incomes, and commercial real estate values up. Many of these industries have leased former industrial buildings in the Arts District at rental rates far above what a traditional warehousing or manufacturing company would pay.

Contact us if you seek to lease or buy a warehouse in the DTLA Arts District.

In Los Angeles Commercial Real Estate